MR Victor Eburajalo is the Group Managing Director of Kewalran Chanrai Group, owners of Afprint Plc, a leading textile manufacturing company now closed down as a result of numerous environmental and other difficulties. In this interview with Financial Vanguard, he gave insight into some of the problems that made Afprint to close down.

Germany wants a closer relationship with resource-rich Angola, Chancellor Angela Merkel has said on a visit to the southwest African country which she offered coastguard ships and industrial cooperation.

Following the collapse of a building in Lagos recently, which led to loss of lives and property, the Lagos State government has announced the immediate take off of the Lagos State Building Control Agency (LASBCA), as part of measures to curtail the recurrence of such incidents.

An Abuja-based developer said it has secured the assistance of the African Development Bank (ADB) to finance the development of 5, 000 low income housing units in the country worth about $20 million, while also sourcing for other sources of funding.

The Small and Medium Enterprises Development of Nigeria, SMEDAN has signed a Memorandum of Understanding, MoU with the National Economic Reconstruction Fund, NERFUND and the African Diaspora Partnership for Empowerment Development, ADPED, to enhance entrepreneurial development in the country.