Arrangements have reached an advanced stage for Pinnacle Point Group(PPG) Plc, a South Africa based company to float a rights issue of N1.9billion in the Nigerian capital market.

Manufacturers catch cold as global sugar prices shoot higher, reports Franklin Alli.
“Hike in the prices of sugar has led to significant drops in our profits. You can’t make bread without sugar. This is the major problem confectionaries and bakers are facing now. No single baker is making profit ,” said Chairman, Association of Master Bakers and Caterers of Nigeria, Lagos Chapter, Alhaji Lateef Oguntoyinbo.

NOTORE Chemical Industries Limited plans to generate more than N36 billion revenue at full production from sales of its fertiliser’s products locally.

Nigerian Breweries PLC and the Federal Road Safety Commission (FRSC) have rolled out a road safety campaign tagged ‘Arrive Alive’ for the ember months (September to December) 2009.

The Central Bank of Nigeria (CBN) has said that there is no plan to sell the troubled banks to foreigners.Malam Lamido Sanusi, made the disclosure at the presentation of plans to develop real estate and financial report by Pinnacle Point Group Ltd at the Nigerian Stock Exchange (NSE) on Friday in Lagos. Sanusi, who spoke through the Director General of the NSE, Prof Ndi Okereke Onyiuke, said that his travelling to China with bank chief executives was to reassure some banks in that country.