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Asia cement market in Dangote’s radar

There are signs that Africa’s leading manufacturer of cement in Africa, Dangote, now has the Asian cement market in his radar ahead of the next decade. The company, which currently operates in over eight countries in Africa, plans to launch…

Nigeria caused of African poverty, underdevelopment—Kenyan Activist says

Ferocious speaker and former Director of Kenya Anti-Corruption Commission, Mr. Patrick Lumumba yesterday in Abuja bombed Nigerian leaders with hard words, saying “The African continent has lagged behind in most facets of human development because its largest country, Nigeria, has…

Dangote raises hope on hitting 2mmt of sugar yearly

Indigenous manufacturing concerns, Dangote Sugar Refinery Plc, a member of Dangote Group, yesterday said it plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. This was coming from the Acting Group…

Rid your shops of GMO or risk total closure, FG warns Shoprite, others

The National Biosafety Management Agency (NBMA), has issued a seven-day ultimatum to retail store giants, Shoprite and Next Cash ‘N’ Carry to withdraw any product that contains Genetically Modified Organisms (GMO) from their shelves or risk a total shutdown. The…

Nigeria must feed self, $20bn import bill killing economy, says Osun Gov

Osun State Governor, Ogbeni Rauf Aregbesola has said time has come for Nigeria to feed itself if it must move forward as a nation. Aggrieved Aregbesola while addressing farmers at Otan-Ayegbaju in Boluwaduro Local Government Area of the state, said…

Customs accuses Nigerite of importing 200 parcels of cocaine into Nigeria

The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has intercepted and handed over 200 parcels of substance suspected to be cocaine to the National Drug Law Enforcement Agency (NDLEA). Briefing newsmen at the commandweekend, Area Controller…

Unilever restates commitment to local manufacturing, growth

The Chief Supply Chain Officer, Unilever, Marc Engel, has reiterated the company’s pledge to enhance local manufacturing in Nigeria. He made this known he led a team from the company to visit the Special Adviser to the Governor of Lagos…

Indomie producer, Dufil Prima celebrates young achievers

Dufil Prima Foods, maker of Indomie noodles, has rewarded winners of its just concluded Indomie Independence Day promo, which is meant to celebrate young achievers. Each winner went home with a scholarship prize worth N1m. In a statement, the Group…

Nigeria’s poor preparation for non-oil exports, frustrated AGOA

More facts have emerged on why Nigeria is losing out in the largesse of the United States driven African Growth Opportunities Act (AGOA) designed for the growth of African exports to US with ease. President, Nigerian-American Chamber of Commerce, Chief…

Forex forces Agro-equipment manufacturers to close shops

Leading indigenous investors in Nigeria’s agricultural and equipment manufacturing industry yesterday opened up on their teething challenges in accessing foreign exchange to get materials for fabrications. They averred that their businesses were under severe threat due to the unfavourable operating…