archiveNovember 2016

Minister of Commerce, Trade & Investment Dr. Okechukwu Enelamah has assured Nigerians that the Federal Government was committed to providing an enabling environment for the private sector to thrive in the country. He said government was learning from Singaporean model, which though is a small country, but has become a...

…offers pocket friendly prices Companies under the staple of Nigeria’s foremost indigenous conglomerate, Dangote Group are adding colours to the ongoing Lagos International Trade Fair with an array of edible goods on display. Companies in the group offering consumer goods at the fair are Dangote Sugar Refinery, NASCON Allied Industries...

Foremost entrepreneur and business guru, Aliko Dangote has been named among three eminent Nigerians to be conferred with honorary degrees by the premier institution, the University of Ibadan. Others to be honoured according the University management are Prof. Niyi Osundare and Chief Jacob Olabode Ajao and they will be awarded...

  By ABDUL OLALEKAN Nigeria's Country Director, the Nigerian London Business Forum (NILOBF), Professor Chris Onalo, has charged the Governor, Kogi State, Alhaji Yahaya Bello, to address the dilapidated infrastructures in the state. Onalo, who gave the advice, in a statement made available to Business 247 News Online, noted that...

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,...

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange depreciated by 1.15 per cent  and 0.93 per cent to close the week at 26,981.60 and N9.288 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance, NSE Lotus II...