Business

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

Guinness declares N265bn revenue, PAT up 53% to N25.3bn

By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
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‘Farmer organisations important in Africa food security’

‘Farmer organisations important in Africa food security’

By Jimoh Babatunde In many African countries agriculture is dominated by smallholder farmers growing food for their own consumption with extra production sold on a small scale. These set of farmers produce crops using traditional methods and low resource technologies. In spite of their limitations, the smallholder farmers have contributed to the promotion of sustainable […]

CBN, CBO Capital advocate more investments in venture capital

CBN, CBO Capital advocate more investments in venture capital

By JONAH NWOKPOKU The Central Bank of Nigeria,CBN and CBO Capital have called for more investments in private equity and venture capital. They made the call at the just concluded third annual investors’ conference organised by CBO capital in Lagos. They said that more investments in private equity and venture capital would make more funds […]

SON removes 5 million bad tyres from circulation

SON removes 5 million bad tyres from circulation

By Franklin Alli Standards Organisation of Nigeria, SON, has removed five million bad tyres from circulation in order to curb accidents on the highway, said its Director General, Dr. Joseph Odumodu. He said that the bad tyres were removed recently from warehouses at Ladipo auto spare parts market in Mushin area of the state by […]

We need 3m customers to manufacture fridge in Nigeria — Harvey

We need 3m customers to manufacture fridge in Nigeria — Harvey

Richard Harvey is the global chairman of PZ Cussons Plc. He was in the country last week to commission the company’s subsidiary (HPZ Limited) new assembling line for its fridge products. In this interview, he noted that fridge factory is highly capital intensive and in order for the company to be competitive, “We need more customer base of three million Nigerians to be able to go into fridge manufacturing.”

NASME faults plans to hike electricity tariff

NASME faults plans to hike electricity tariff

The Nigerian Association of Small and Medium Enterprises (NASME) has faulted plans by the new owners of Power Holding Company of Nigeria (PHCN)to increase electricity tariff, asserting that it is inappropriate and uncalled for.

Mamadore moves for ISO certification

Mamadore moves for ISO certification

MamadorE vegetable oil, a product of PZ Wilmar is working hard to attain International Standards Organisations , (ISO) certification as it has gotten National Agency for Foods and Drugs Administration (NAFDAC’s) nod.

Dangote Foundation disburses N540m micro grants

Dangote Foundation disburses N540m micro grants

Dangote Foundation has commenced disbursement of N540 million micro grants to helpless women and youths in the three emergency affected states of Adamawa, Borno and Yobe State.

NBCC projects £20bn for Nigeria, UK trade

NBCC projects £20bn for Nigeria, UK trade

The Nigerian-British Chamber of Commerce, NBCC, has projected that trade figure between Nigeria and Britain can reach £20billion within the next five years.

ICAN President commends UBA, tasks  institutions to invest in education

ICAN President commends UBA, tasks institutions to invest in education

The President of Institute of Chartered Accountants of Nigeria (ICAN), Alhaji Alkali Mohammed, has commended UBA Foundation for organizing a national essay competition, sayimg the path towards sustainable development is through investment in the education of its youths