REAL SECTOR

 An Agricultural Economist, Mr Bright Okwu, says the Federal Government must sustain its investment into the real sector, in order to boost productivity and tackle the rising inflation rate. Okwu, who is the National Coordinator of the Africa Farming Project, made the disclosure to the News Agency of Nigeria (NAN) in...

As part of its regular business portfolio review, Dangote Flour Mills (DFM), has exited its noodles business as it does not consider it strategic. The company has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. To smoothen the transition, DFM has offered Dufil the...

Second in Nigeria in months Africa's richest man Aliko Dangote has shut his new tomato paste plant in Nigeria due to a shortage of dollars needed to import raw materials, a senior executive said, the second such closure in months in a blow to official plans to diversify the economy....

Tanzania is in talks with Dangote Cement on the supply of natural gas to a manufacturing plant for the building material, but negotiations are currently held up over prices, said a government body in the East African country. The $500 million cement factory in the southeastern Tanzanian town of Mtwara,...

Dangote Group said on Tuesday that its investments on new projects on agriculture, sugar, oil refinery and fertilisers would create additional 250,000 employment opportunities for Nigerians when completed. According to News Agency of Nigeria (NAN) report, the projects, sited in some states, including Jigawa, Taraba, Kano and Kogi, according to...

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,...

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 and maize which have been part of its sourcing strategy for over a decade now. He also announced the company’s intention to raise the use of...

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 in the Netherlands. Twister B.V. delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors....

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 small and medium enterprises with the required standards needed to boost their businesses. Abaloma told stakeholders in Lagos on Thursday importance given standards are important in...

Philip Morris International (PMI), with operations in 181 countries, has finalized plans to commence manufacturing in Nigeria before the end of 2016. This investment comes in less than two years of their starting operations in Nigeria and clearly indicates the confidence the company has in the Nigerian economy. Upon its...