The Dangote Group, a leading manufacturer in the beverage and juice, says it has acquired about 400,000 hectares of land in Calabar, Cross River for its orchard farm.

In its drive at making Cross River State one of the continent’s foremost tourist destinations, the state government and the people of Yakurr are set to host another edition of the popular Leboku International Festival.

The multi-billion naira International Hotel, Abakaliki, will be inaugurated in December, Chief Mathias Adum, Ebonyi Commissioner for Culture and Tourism, has said.

The Minister of Tourism, Mrs. Sabah Zita Okaikoi has called on investors to take advantage of the general incentives available when they decide to invest in the tourism sector.

The police in Lagos on Monday arraigned Felix Omotayo, 35, at an Ikeja Magistrate’s Court for allegedly obtaining money from nine women under pretence.

Lagos State commissioner for Tourism, Senator Tokunbo Afikuyomi, has said that the Hotel Licensing (Amendment) Law 2010 just signed into law by the Governor of the state following the passing of the bill by Lagos state House of Assembly is not a tax law.

This year’s edition of the annual Osun Osogbo festival will begin next week with the traditional cleansing of the ancient town that will be followed by the lightening of the 636 years old 16 point lamps.

The President of Risk Managers Association of Nigeria (RIMAN), Dr. Emmanuel Abolo, has said stress testing, which is used to determine the stability of a given system or entity by testing beyond normal operational capacity in order to observe the results, should be made a regulatory requirement in Nigeria.

Standard Chartered PLC has announced a record first half operating profit before tax of $3.12bn, demonstrating the ability of the business to deliver consistent and sustained performance.

Riding on the back of the success and wide acceptance of its just concluded Wake up a Millionaire Offer, Zain Nigeria has opened another window for many more Nigerians to become millionaires by unveiling an interactive, trivia-based initiative, called Top Millionaire Offer.

Chairman of Enugu-based Umuchinemere Pro-credit Micro Finance Bank (UPMFB), Monsignor Prof. Obiora Ike, has called for the establishment of a clearing house for microfinance banks (MFBs), saying it would make running of the MFBs faster.

Standard Bank has reiterated its determination to expand its custody services across key markets in Africa and the world in general.

The Central Bank of Nigeria (CBN), has been advised to put measures in place to ensure that stakeholders in banks play a major role in the appointment of new bank managing directors to ensure transparency in the sector

The Standards Organisation of Nigeria (SON) on Wednesday decried the activities of smugglers of sub-standard roofing sheets, giving manufacturers up till January 2011 to comply with aluminum painted roofing sheets. Dr John Akanya, the Director General of SON, made this known in an interview with the News Agency of Nigeria (NAN) in Abuja.

Three months after suspending crude oil production from its facility, Mobil Producing Nigeria, operator of the Nigerian National Petroleum Corporation, (NNPC)/MPN Joint Venture on Wednesday announced the lifting of the force majeure it declared on May 12, 2010.