Category Archives: Business News

Google’s Digitals Kills for Africa: Over 500,000 Trained

Over 500,000 Africans have received training that will enable them to build businesses, create jobs and boost economic growth across the continent courtesy of Google’s Africa Digital Skills Program. The accomplishment according to a blog post by Bunmi Banjo, Head

98% of Dairy Products in Nigeria are Imported – Dangote

Lagos – Mr Aliko Dangote, Chairman, Dangote Group, says 98 per cent of all dairy products consumed in the country are imported. Dangote made this assertion in lagos on Monday while addressing some students of the Executive MBA class of

Wood Exporters, 13 States Govts Move To Regenerate Nigeria’s Forest

TROPICAL Wood Exporters Association of Nigerian (TWEAN) in partnership with thirteen state governments has commenced moves to regenerate the nation’s forests. The exporters have adopted a policy of planting seven trees for every tree that is cut, which is higher

Diversifying Export Base Requires Strong SMEs, says Okonkwo

The Managing Director/CEO of Fidelity Bank Plc, Mr. Nnamdi Okonwo, has said that the vision of diversifying the nation’s revenue base in view of the slump in international oil prices will not materialise unless the Small and Medium Enterprises, SMEs,

We’ll Work Closely With Nigerian SMEs To Raise Exportation Levels – VP Osinbajo

Abuja – Vice President Yemi Osinbajo restated the readiness of the Federal Government under the leadership of President Muhammadu Buhari to partner with SMEs and local exporters to address some of the bottlenecks and obstacles in their business, particularly access

Dangote Too Is Threatening To Stop Tomato Paste Production

Few days after Erisco Foods Limited threatened to shut down its tomato factory, Dangote Industries Limited has also disclosed plans to stop tomato paste production because of the harsh operating environment that gives advantage to imported production. Group Vice President

Investments in oil, gas free zones hit $75b

Investments in Nigeria’s oil and gas free zones has hit $75 billion. It has also created more than 200,000 direct and indirect jobs from 150 companies, it was learnt yesterday. The Managing Director and Chief Executive, Oil and Gas Free

BUA Group earmarks $300m for Lafiagi Plantation

The Group Executive Director, BUA Group, Kabiru Rabiu, has said a total investment of over $300 million has been set aside to develop the Lafiagi Sugar Company. The fund will cover the plantation, sugar mill, refinery, ethanol and power plant

SMEs worst hit by recession, says WorkPlace chief

WorkPlace Plus Limited will continue to promote small and medium enterprises (SMEs) in the country by offering wide range of business support to emerging enterpreneurs as economic recession takes toll on their operations, its Executive Chairman, Mr. Ayo Akinmade, has

HELP! No Raw Materials for Production Due To Forex – Micro entrepreneur

A micro entrepreneur under the aegis of Association of Micro Entrepreneurs of Nigeria (AMEN) has called for help and government intervention as a result of scarcity of raw materials for production occasioned by scarcity in forex. President, AMEN, Prince Saviour

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