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FG now wooing Investors with Permits, Visas on arrival

The Minister of Interior, Abdulrahman Bello Dambazzau recently commissioned 28 Combined Expatriate Residence Permit and Alien Card (CERPAC) Centres with a view to attracting foreign direct investments (FDIs) into Nigeria. The centres, well structured, equipped and staffed with individuals having the requisite skills and right attitude will make obtaining entry visa and residence permit, among other things, easier for foreigners ...

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Forex Scarcity forcing Erisco Foods to shut down, may sack 1,500

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The foreign exchange crisis rocking the economy may have started taking dangerous tolls on the service and production sectors of the economy as more indigenous firms are closing shops by the day. Only yesterday, another indigenous investor in food processing, Erisco Foods, has said it may be forced to shut down its production in the country due to its inability ...

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Lafarge names new CFO, commission’s homes for Ogun host communities

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The Board of Directors of Lafarge Africa Plc has announced the appointment of Mr. Bruno Bayet as the Company’s new Chief Financial Officer, effective October 1st, 2016. The group also commissioned new homes for the relocation of Oke-Oko Sekoni and Oke-Oko Egbado, two communities in Ewekoro Local Government, Ogun State on Friday, September 30, 2016. A total of 21 units ...

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Hilton Group Plans Africa’s Tallest Hotel In Lagos, Nairobi, Other Cities

Hilton Worldwide has signed a management agreement with Jabavu Village Limited to open in 2020 and joins 50 Hilton Hotels & Resorts properties trading or under development in 17 countries across Africa including Lagos. Already, plans are concluded to open a 255 guest-room world class hotel and suite in Nairobi, Kenya’s capital. The hotel is set Patrick Fitzgibbon, senior vice ...

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Produce Quality Products For Foreign Exchange, Lokpobiri Charges farmers

Minister of State, Agriculture and Rural Development, Senator Heineken Lokpobiri has challenged farmers and other stakeholders to always carry out periodic examination of their products. This according to him is to limit the chances of fungal contamination, over use of insecticides and protect public health. He said the move will also secure more markets for Nigeria’s agro-commodities  Speaking in Bayelsa ...

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INTELS Splashes N30bn On Host Communities In 10 Years

Concessionaire and one of the leading shipping logistics services providers at the Onne Free Trade Zone, in Rivers State,  the Integrated Logistics’ Limited (INTELS) has revealed that in the last 10 years, it has sunk an annual average of N3 billion on Corporate Social Responsibilities (CSR) on host communities in the area. NIGERIA BUSINESS HiLIGHTS was at Onne Free Trade ...

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Dangote Vows To Scale Up Investments In Nigeria, AAI Names Him 2016 ABL

In recognition of his immense contribution to human capital development in Africa through the establishment of businesses across the African continent, a United States of America based Organization, Africa-America Institute (AAI) has honoured the President of Dangote Group, Aliko Dangote with the “2016 African Business Leader (ABL) Award.” In a press statement, Dangote Group said the business guru was named ...

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Oil & Gas, ICT Still Leading FDI Even In Recession—NBS

Details form an updated version of statistics released by the National Bureau of Statistics (NBS) have indicated resilience and pointer to the recent position of the Central Bank of Nigeria (CBN) that recession may abate by year end after all. According to the latest figures, Nigeria’s total value of capital imported into the country was estimated at $1.04 billion in ...

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Local Rice Production Can’t Be Self-sufficient by 2020—Rice Farmer

Panel discussants at the just concluded made In Nigeria (MAIN) Summit and Exhibition in Lagos have said that the federal government’s dream of making Nigeria self sufficient in rice production by 2020 is not feasible going by the challenges faced by farmers in accessing attractive interest credits in banks. In his argument, a top rice farmer, Mr. Rotimi Williams said ...

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Only Agric, Mining, Manufacturing Can Drive Diversification—Dangote

Guest speaker and President of Dangote Group, Alhaji Aliko Dangote, at the 44th Annual General Meeting (AGM) of MAN in Abuja has called on the Federal Government to centre its planned diversification of the economy on a tripod stand of agriculture, mining and manufacturing. In his though provoking presentation, Dangote said for the country to get out of the woods, ...

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