archiveNovember 6, 2016

Africa’s top tomato paste maker, Chairman of Erisco Foods, Chief Eric Umeofia, has set machinery in motion to set up manufacturing concerns in four additional African countries—Kenya, Cameroon, Cote d’Ivoire and Ethiopia. The venture into four other African countries is fallout from Umeofia’s decision to close shop in Nigeria. Umeofia,...

By Abdul Olalekan Despite the harsh economic operating environment, Law Union & Rock Insurance Plc has recorded N610 million Profit before Tax (PBT) for the third quarter of 2016. The company also grew its assets by 1.34 per cent from N9.1billion it was in the third quarter of 2015 to...

Anti-corruption groups have called on the leadership of the Senate to effect the confirmation of the acting Chairman of the Economic and Financial Crime Commission (EFCC) so as to give the ongoing anti-corruption fight the impetus it desperately needs and help sustain the Buhari administration in curtailing impunity in governance....

Vehicle imports reduce from 30,000 to 6,000 in 6 months as a result of forex crisis that has affected the Nigerian economy. The prevalent unfavourable forex regime has continued to reduce the volume of vehicles imported through the Nigerian ports, the Operations Manager, Ports and Terminal Multiservices Ltd. (PTML), Mr...

…Opens Abuja office An indigenous soft furnishing company, Rosemary’s Showroom, has increased the amount of local content contained in its production of various products. The company made a u-turn from its hitherto production formula when over 65 per cent of its raw materials were sourced from abroad. Mrs Ezinne Kufre-Ekanem,...