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13 states, wood exporters seal deal to ‘cut 1 plant 2’

As part of renewed efforts to maintain sustainable forest resources, 13 State governments and Tropical Wood Exporters Association of Nigeria (TWEAN) have commenced moves to regenerate the depleted nation’s forests. The group has sealed a new deal in line with…

Why Dangote Group sacked 48 top staff

The sustained galloping cost of production driven by forex crisis has started taking tolls on expatriate quotas in several companies including Dangote Group. The development has lead to the sack of 48 expatriates and 12 Nigerians. In a letter signed…

GTBank plans Fashion Weekend to drive entrepreneurships

Leading innovative banking group, Guaranty Trust Bank has stepped up plans to host a world class fashion Week in Lagos soon. According to the lender, the GTBank Fashion Weekend is a consumer focused fashion exhibition and capacity building event that…

Erisco Foods received N2bn intervention from CBN

The recent claims by indigenous food group, Erisco Foods that it has not received adequate support from the government has punctured by a revelation that he received about N2bn intervention from the Central Bank of Nigeria (CBN). Few days ago,…

Unilever now highest employer in Nigeria

Unilever has been certified as the Top Employer in Africa for the third consecutive year, by the Top Employers Institute. The British-Dutch multinational consumer goods company was certified as the Top Employer in Nigeria, Zimbabwe, Ghana, and Kenya. Unilever Nigeria’s…

National Code of Corporate Governance now effective

Sanity may be underway in many corporate establishments as the much awaited National Code of Corporate Governance 2016 sponsored by the Financial Reporting Council of Nigeria (FRC) has become effective this month. The Code comes in three parts, which are,…

Expert fears abuse of N30bn intervention for mining sector

A finance analyst, Dr. Ken Gudugi has expressed reservations on the recent announcement by the federal government to boost the mining sector with about N30 billion, saying “My fear for the fund is that the sector is not yet well…

Land Use Act killing commercial farming in Nigeria—Ogbeh

The Minister of Agriculture and Rural Development Chief Audu Ogbeh has said the current Land Use Act is not favourable to agricultural activities and needs amendment. Ogbeh stated this in the ministry’s Policy and Strategy document made available to to…

Dangote Vs Ibeto cement waiver suit adjourned till November 1

A Federal High Court, sitting in Lagos, yesterday adjourned a suit filed by Dangote Cement Plc against Ibeto Cement Company till November 1, 2016 pending the decision of the Court of Appeal on the matter. In the suit, while Dangote…

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…