FUMMAN Agricultural Limited, producers of Fumman juice brand, has emphasized the pivotal role of agriculture in engendering development in the industrial sector. Its core focus is to make humble contribution to the growth of the country’s agricultural raw materials, using the right volume and quality of raw materials at the right times, location and prices that are agreeable to our needs.

Interstate Electrics (IE), which won the bid for the Enugu Electricity Distribution Company, DISCo, is said to have completed the payment of the 75 percent balance for the electricity firm.

Stakeholders in the rail transportation sector are gearing up towards a more efficient freight system in the country. The stakeholders, which include Nigeria Customs Service, NCS, Nigeria Ports Authority, NPA and Inland Container Nigeria Limited, ICNL have all expressed their readiness to partner with the Nigeria Railway Corporation, NRC, to explore better ways to make the rail freight system more efficient.

Guaranty Trust Bank and Standard Chartered Bank led nine other local and international commercial banks in the provision of a loan facility to Dangote lndustries Ltd to the tune of $3.3billion for the purpose of constructing the biggest Petroleum Oil Refinery & Petrochemical/ Fertilizer Plants in Nigeria.

Nigerian traders and exporters of shea nut/butter and sesame seeds from Nigeria have began to acquire modern skills and advanced processing methods to increase the Gross Domestic Product (GDP) that accrue from the agricultural produce to the nation.

Bank of Industry (BoI) has siad that it is partnering with the National Agency for Food and Drug Administration and Control (NAFDAC), on free training of local producers on the specifics of regulatory requirements for exports to the US under the African Growth and Opportunity Act (AGOA).

SHAREHOLDERS of Vitafoam Nigeria Plc have given approval to the Board of Directors of the company to raise additional N4 billion capital to enhance its operations.

SUBSEQUENT to increased cotton and lint demands from local textile industries as well as exports, Arewa Cotton, a Nigerian natural fibre company, based in Abuja, has signed a tripartite memorandum of understanding (MoU) with the Federal Government and Ogun State government on the improved production and marketing of cotton.

Manufacturers, under the auspices of Manufacturers Association of Nigeria, Ogun State Chapter, have called on both the federal and state governments to accelerate the implementation of the recently reviewed industrial incentives.

The Nigerian Institute of Management, yesterday, said Nigeria’s corporate existence is being threatened by the many leadership and governance challenges besetting the country.

Apapa Area1 Command of the Nigeria Customs Service, NCS, and the Management of the APM Terminals Apapa Limited are presently engaged in war of words over the health condition of the physical examination bay at Apapa port. The Command’s Customs Area Controller, CAC, Charles Edike, had taken some journalists to port to inspect the facility following claims by APM Terminal that they have provided the Service with new examination bay.

As a way of checking incessant building collapses in the country, the Federal Government has ordered certification of blocks and concrete sector of the economy by Standards Organisation of Nigeria under its Mandatory Conformity Assessment Programme, MANCAP, for local manufacturers.

The naira has weakened further on Wednesday on the back of strong demand for the dollar even as the Central Bank of Nigeria, CBN pledged that it had no plans to devalue the local currency.

Africa Finance Corporation, AFC, has secured a US$ 60 million long term facility provided by the German development finance institution DEG in collaboration with the Netherlands Development Finance Company, FMO to foster infrastructural development on the continent.

Central Bank of Nigeria, CBN will resist pressure to devalue the naira since it retains ample funds to defend the currency, its spokesman, Ugochukwu Okoroafor has said.