Archive for the Category ‘Business’

$21bn tobacco suit: Court dismisses companies’ prayers

$21bn tobacco suit: Court dismisses  companies’ prayers

JUSTICE Bukola Raliatu Adebiyi of a Lagos State High Court has dismissed an application filed by
the International Tobacco Company limited, British American Tobacco Plc and British American

Lagos chamber canvasses favourable business environment for private sector

Lagos chamber canvasses favourable business environment for private sector

The President of the Lagos Chamber of Commerce and Industry (LCCI), Mr Solomon Onafowokan, has urged the Federal Government to make business environment favourable for the private sector to thrive.

Reps declare privatisation of Kaduna fertilizer coy, illegal

Reps declare privatisation of Kaduna fertilizer coy, illegal

THE House of Representatives Committee on Privatisation and Commercialisation, yesterday declared the 90 percent privatisation of the Federal Superphosphate Fertilizer Company Limited, Kaduna by the Bureau for Public Enterprises (BPE) illegal.

The futility of targets without sustainable process and strategy

The futility of targets without  sustainable process and strategy

Dede, in my bank, we have all been given a target. My own target is bring in N15m before end of December 2009. Our manager says he doesn’t care how we do it.

Gov Elechi moves to take over NIGERCEM from Eastern Bulkcem

Gov Elechi moves to take over NIGERCEM from Eastern Bulkcem

Governor Martin Elechi of Ebonyi state inaugurated a judiciary commission of enquiry into Nigeria ’s premier cement factory, NIGERCEM Nkalagu. The essence, Governor Elechi said, was to advise the state government on best steps it can take to reclaim the cement factory from the Eastern Bulkcem Nigeria Limited (EBNL), a private cement bagging company based in Port Harcourt.

Nigeria, India to strengthen investment ties

Nigeria, India to strengthen investment ties

The Indian Government has expressed willingness to partner with Nigeria to promote trade relations between the two countries.
Assistant Secretary General of the Federation of Indian Chambers of Commerce and Indutry (FICCI), Sheila Sudhakaran, said in Lagos that both the Indian government and investors are prepared to partner with Nigeria and other West African countries to promote trade.

Insurance Companies don’t need bail out fund, says NIA

Insurance Companies don’t need bail out fund, says NIA

The Nigerian Insurers Association (NIA) has assured all stakeholders that there is no need for a bail out fund for the insurance sector. In fact, the insurance sector remains rock solid to continue to provide the needed insurance protection for individuals and corporate entities including multinationals and conglomerates.

Nigeria, India to strengthen investment ties

Nigeria, India to strengthen investment ties

The Indian Government has expressed willingness to partner with Nigeria to promote trade relations between the two countries.
Assistant Secretary General of the Federation of Indian Chambers of Commerce and Indutry (FICCI), Sheila Sudhakaran, said in Lagos that both the Indian government and investors are prepared to partner with Nigeria and other West African countries to promote trade.

6,000 mw by December, a mirage or reality?

6,000 mw by December, a mirage or reality?

As the countdown to the December dead line for the achievement of 6,000 megawatts power generation promised Nigerians by the Federal Government begins, hapless Nigerians who are no longer strangers to unfulfilled promises by their leaders, are watching to see how this 8th wonder of the world would be performed.

White farmers move into Congo

White farmers move into  Congo

IN ONE of the biggest land deals in African history, white South African farmers have acquired access to 40,000 square miles of land along the northern banks of the Congo River to develop as agricultural land.

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