The International Finance Corporation (IFC) has injected about N14.85 billion (US$100 million) in Ecobank Transnational Incorporated (ETI). The injection represents equity investment in the bank, making the IFC one of the majority shareholders in the Pan-African bank, the parent company of the Ecobank Group. According to a statement by the bank, the investment is part […]

Nigerian farmers participating in the biocontrol of aflatoxins using Aflasafe — a biocontrol product developed by the International Institute of Tropical Agriculture (IITA), have said that grain quality after application of the product improved, signaling prospects of a significant drop in aflatoxins on the grains. “There has been an improvement in grain quality. With the […]

By  Franklin Alli Dana Steel Limited, the core investor in the Katsina Steel Rolling Company, has cut down the volume of its billets’ import by 81 per cent.  Billets are one of the raw materials used in the production of steel. Jacky Hathiramani, Managing Director of the company, said they have just commissioned their new […]

By Franklin Alli The Minister of Commerce and Industry, Chief Achike Udenwa has forecasted that the country will become self sufficient in cement production by the year 2013. The Minister made the disclosure when he received in audience the country Manager, Lafarge Cement Nigeria, Mr. Jean Christophe Barbant when he paid him a courtesy visit. […]

PRESIDENT Umaru Yar’Adua who is recuperating in a hospital bed in Jedah, Saudi Arebia has expressed sadness and disappointment over the widespread rumour of his death which rocked the nation since Wednesday; just as his Personal Physician, Dr. Salisu Banye, FWACP, has confirmed that the President is suffering from “Acute Pericarditis”, (an inflammatory condition of the coverings of the heart).