The demand for Ginger in the international market has gone up significantly because the root is now being used as raw material in manufacturing process. More »
To make extra income from Garri production business, you need to export your Garri to other countries in West Africa, Europe and America More »
The high demand for chicken meat and eggs has really proven that Poultry farming in Nigeria is indeed a very lucrative business More »
Indeed you can become a millionaire through Poundo Yam production business in Nigeria. You can make up to N500, 000/month producing and selling Instant pounded Yam powder More »
Are you thinking of starting a profitable business of your own in Nigeria? If yes then I will want you to consider setting up a cement block molding industry in the country More »
The export of cashew nuts and other agricultural commodities from Nigeria is fast becoming very lucrative these days; More »
Discover how to make 100percent profits when you invest just N80, 000 in exporting Bitter kola from Nigeria to Europe, America and Asia countries More »
Livestock feeds production is a very profitable business, the demand for animal feeds in Nigeria is high More »
Laundry and Dry Cleaning is indeed a good business opportunity in Nigeria because it has a high return on investment. More »
Category Archives: Business News
A man $exually assaulted a female passenger in the toilet of a Japan Airlines flight, barricading the door as the victim’s mother and flight attendants tried to rescue her, US authorities say.
The woman was returning home to Japan with her mother after a four-day holiday when she went to use the bathroom nearly two hours into Saturday’s flight.
The man forced his way into the lavatory and attacked her, but she was able to push the emergency button while trying to fight him off, according to an FBI affidavit.
He allegedly blocked the lavatory door as the woman’s mother, flight crew and other passengers tried to rescue her.
They had to remove screws from the door’s hinges to open it, said an FBI affidavit.
Lagos State is set to join the league of oil producing states in the country come next year as the joint venture partners on the Aje Field offshore Lagos have taken the final investment decision on the exploration of the field.
A group led by Yinka Folawiyo Petroleum Company Limited took the FID to develop the first phase of the Aje shallow water oil field for $220m.
Mrs. Adejoke Adefulire, the Lagos State Deputy Governor, has commended leading telecoms operator, Airtel Nigeria, for its far reaching social empowerment initiatives in the state.
Mrs. Adefulire gave the commendation during a courtesy visit to the headquarters of Airtel Nigeria at Banana Island, Lagos on Tuesday where she was received by the Managing Director and Chief Executive Officer of the Telco, Mr. Segun Ogunsanya, in his office.
Information reaching us at Naijabizcom.com has it that a Twenty three year old man, Ondavey weize, a graduate of the Federal University of Agriculture in Makurdi, Benue state has revealed how he swapped the ATM cards of several people with invalid cards with which he used in withdrawing large sums of money from their account.
Weize who has over sixty ATM cards in his possession said he came into Calabar, the Cross River State capital two weeks ago from Abuja and has succeeded in swapping the ATM cards of many people and withdrawn money from their account with which he spends lavishly in hotels and night clubs.
Abuja – Information reaching us has it that Some Electricity Consumers in the Federal Capital Territory (FCT) on Thursday called for the scrapping of the monthly N750 fixed charge being charged by electricity distribution companies.
The consumers told the News Agency of Nigeria (NAN) that it would amount to exploitation if the companies continued to retain the charge when services were not delivered.
A businessman, Mr Chukwuemka Echem, who described the charge as mere exploitation of electricity consumers in the country, said it should be abolished.
He said that it was out of place for consumers to pay the monthly fixed charge after paying the monthly bill.
“Why the N750 fixed charge when consumers will have to pay their monthly bills?”
Lagos – Mr. Osita Chidoka, the Minister of Aviation, has said the Nigerian Aviation Handling Company Plc (nahco aviance) would collaborate with the federal government on its agro – based export programme.
Speaking when the Board of the company, led by its Chairman, Mallam Suleiman Yahyah paid him a courtesy call in his Abuja office, Chidoka said, with the capacity and efficiency of the cargo handling company, government could be rest assured that the expected agricultural output would be well taken care of in terms of export capabilities.
Promising to contact his counterpart in the Agriculture and Rural Development, Dr. Akinwunmi Adesina, to see how the ministry and nahco could work together, Chidoka pledged to bring the two parties together to facilitate a partnership that would work well for the development of the country’s economy.
Chidoka said there was much to be done to improve the cargo industry in Nigeria and commended nahco aviance for innovation and efficient delivery of handling services.
About – The Central Bank of Nigeria has released the guidelines for the operations of inbound and outbound international money transfer services in the country.
The 18-page document contains licensing requirements and standard practices, which international money transfer services operators are expected to comply with.
The new CBN guidelines pegs the maximum limit of outbound international money transfer at two thousand dollars per transaction.
It also prohibits deposit money banks from operating as an international money transfer service operators, except with the express approval of the CBN.
Asia is the region that exports the most processed chicken products, according to poultry industry analyst, Terry Evans.
As reported by Global trade in fresh/frozen chicken meat escalated rapidly between 2000 and 2011 to reach 12.5 million tonnes although this likely exaggerates the true picture since much of the exports from Hong Kong will be re-exports from Brazil and the United States of America, already accounted for in the figures for the Americas.
The poultrysite.com reported that to get the complete export picture, however, account needs to be taken of the trade in prepared/processed chicken meat. The latter has increased as a result of some importing countries imposing bans on shipments of fresh/frozen products from countries that had been hit by avian influenza. As a result, global exports of prepared chicken products have escalated from less than 600,000 tonnes in 2000 to close on two million tonnes in 2011.
A skullcap worn by Pope Francis has found its way on to eBay, after the pontiff swapped hats with a member of an Italian television show during an audience address at St. Peter’s Square.
Within just 12 hours of being listed, the sacred piece of headgear has reached a cost of more than €90,0000, from a starting bid of €1 on 17 September.
Lagos – The Bank of Industry has unveiled plans to support 1,000 Small and Medium Enterprises that are involved in processing of agricultural products in Nigeria with N5bn.
A statement on Friday stated that the finance under the Cottage Agro Processing Fund would provide loans to entrepreneurs to establish small scale plants or mini mills, specifically to process products such as cassava, oil palm, paddy rice, groundnut, yam, maize, sorghum, cocoa, sheanut, plantain, cashew, hides and skin, meat, chicken and fish.
It stated that the Managing Director of the Bank, Mr. Rasheed Olaoluwa, disclosed this at a briefing in Lagos,Nigeria on Thursday, adding the loan facilities would be disbursed with a nine per cent interest rate, and one per cent management fee.