Recession: Erisco Food quits Nigeria, moves to Kenya, others
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...
Guinness promises to double use of local raw materials
Managing Director, Guinness Nigeria Plc, Mr Peter Ndegwa, has reiterated the company’s commitment to increase the use of local raw materials such as sorghum...
Dangote acquires Gas processing company in the Netherlands
As part of strategy to meet Nigeria's gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of Twister B.V., a company headquartered...
SON DG promises to use standards to boost SMEs
The Director-General/Chief Executive Officer of the Standards Organisation of Nigeria (SON) Bar Anthony Osita Abaloma has restated the resolve of his agency to support...
Philip Morris begins manufacturing in Nigeria
Philip Morris International (PMI), with operations in 181 countries, has finalized plans to commence manufacturing in Nigeria before the end of 2016. This investment...
Rice miller commends CBN over Anchor Borrowers Programme
The Chairman, Ebony Agro Industry Limited, Engr. Charles Ugwu has commended the Central Bank of Nigeria (CBN) for sustaining Rice milling business in the...
Promasidor to boost expansion with over N8bn
Promasidor Nigeria Limited, makers of Cowbell, Onga, Toptea and Loya Milk, has concluded arrangements with International Finance Corporation (IFC), a member of the World...
SMEs operators continue to groan for lack of loanable funds
Some operators in the Small and Medium Enterprises (SMEs) in Nigeria have expressed their frustration in accessing funds from most Nigerian Deposit Money Banks...
NACCIMA opposes signing of EU, EPA agreement
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has said that Federal Government should notsign the West Africa-EU Economic Partnership Agreement...
Guinness Nigeria gets Diageo loan to help with currency shortages
Guinness Nigeria said on Wednesday that it had received a $95 million loan from parent Diageo to help it cope with dollar shortages in...
