Friday 10th July 2020,
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Browsing the "Business" Category


GBFoods Completes ₦20billion Tomato Processing Factory In Kebbi State

Multinational culinary product manufacturer GBfoods has commissioned the recently completed tomato processing factory in northwestern Nigeria, the company said Monday. The ₦20 billion plant, located in Kebbi State, was built in partnership with the Central Bank of Nigeria, Kebbi State [...]

June 20, 2020 Business
Novare lekki

Novare Tenants Get 4-Month Free Rent In Abuja And Lagos

A South African real estate investment firm, Novare, said on Wednesday that tenants at its three shopping malls in the Federal Capital Territory (FCT), Abuja and one in Lagos would not pay rent for four months. The firm also donated [...]

June 4, 2020 Business

FG Appeals To Traders, Transporters Not To Hike Prices during Pandemic

The Federal Government has appealed to traders not to hike prices of food items and transportation as the country battles to contain the Coronavirus (COVID-19) global pandemic. Alhaji Lai Mohammed, the Minister of Information, Culture, and Tourism, made the appeal [...]

May 22, 2020 Business
coronavirus pandemic

Billionaires Supporting Fight Against COVID-19

There is no doubt that the coronavirus pandemic has exposed the frailties of the human race. It has also wrecked the world economy. However, it has also brought out the best in some people as many Nigerians have come to [...]

May 10, 2020 Business
Nigerian Entrepreneurs

Adegoke Olubusi, Bolatito Ovia, Dimeji Sofowora Who Launched Helium Health

Meet Nigerian Entrepreneurs Who Raised $10M To Transform Africa’s Healthcare – Forbes For decades African hospitals had been operating entirely manually, from taking notes on paper on how many patients entered the hospital on any given day, to what type [...]

May 9, 2020 Business

Lagos Orders Markets To Open On Selective Dates Over COVID-19

The Lagos State Government has issued new guidelines for the reopening of markets and shopping malls in the state as part of efforts to curb the spread of the Coronavirus pandemic following Governor Babajide Sanwo-Olu’s announcement of the gradual easing [...]

May 4, 2020 Business
Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Five Containers Laden With Rotten Fish, Other Edibles, Found In Apapa

Two safety agencies of Lagos State Government on Monday discovered five containers laden with rotten fish and other edibles in Apapa area of the state. The Hope For Nigeria Online learnt that the shocking discovery was made during a site [...]

October 29, 2019 Business
Coscharis and Stallion Group Industries Limited

Dangote, Coscharis, Stallion Group To Partner With Ekiti To Set Up Rice Mill

Hope For Nigeria Online reports that the governor of Ekiti State, Dr. Kayode Fayemi, said that his administration was in partnership talk with Dangote, Coscharis and Stallion Group Industries Limited to set up a rice mill in the state. The [...]

October 20, 2019 Business
Ajaokuta Steel Company

FG Says It Is Partnering The Russian Government To Revive Ajaokuta Steel Company

The Federal Government says it is partnering the Russian government to revive Ajaokuta Steel Company. Minister of Mines and Solid Minerals Development, Mr Olamilekan Adegbite, disclosed this at an interactive session with Senate Committee on Solid Minerals, Mines, Steel Development [...]

October 19, 2019 Business
Dangote's Multi-billion Naira Greenhouse Farm

Dangote’s Multi-billion Naira Greenhouse Farm Commences Operations

Dangote’s Multi-billion Naira Greenhouse Farm The multi-billion High–Tech Greenhouse Farm established by Dangote Farms Limited, geared at boosting the cultivation of high-quality tomatoes in the country, has commenced full production in the commercial city of Kano. The farm which is [...]

October 6, 2019 Business
Selling Akube/okirika Clothes

Islamic Rulings On Buying And Selling Akube/okirika Clothes

Selling Akube/okirika Clothes: Ruling on buying and selling used clothing from the west Question What is the Islamic ruling on buying and selling used clothing that comes from Western countries, which includes all types of clothing and shoes that come [...]

October 4, 2019 Business

Xenophobia: Why we closed our embassy in Nigeria – South Africa

Xenophobia: The South African Acting High Commissioner to Nigeria, Bobby Moroe, on Thursday confirmed the closure of the country’s missions in Nigeria. Ms Moroe on Thursday that the closure was sequel to the directive from his country’s government. The envoy [...]

September 6, 2019 Business
Nigerian Breweries

INVESTIGATION: How Nigerian Breweries protected its Dutch CEO suspected of corruption

Heineken suddenly transferred the Managing Director of Nigerian Breweries, Nico Vervelde, to Singapore shortly after Nigerian police interrogated him for alleged corruption. This case would have been buried if journalists Olivier van Beemen and Femke van Zeijl had not picked it [...]

September 3, 2019 Business

Confusion over Buhari’s stance on food imports, CBN’s autonomy

• Nation short on rice, sugar, maize, wheat, others, say experts• Policy anti-people, ill-timed, PDP declares• Manufacturers, OPS urge caution, want codes for items• ‘Why the presidency might be compromising apex bank’ There is confusion over the state of food [...]

August 16, 2019 Business
Labourer Won A Saloon Car From Dangote

Labourer Won A Saloon Car From Dangote (Photo)

Labourer Won A Saloon Car From Dangote A labourer at a block moulding industry in Lagos, Mujahid Shiabu, was recently announced as the winner of a Dangote Cement consumer promotion tagged, Dangote Bag of Goodies promo. The management of Dangote [...]

August 9, 2019 Business
World's Largest Atmospheric Tower For Dangote Refinery

World’s Largest Atmospheric Tower For Dangote Refinery Sets Sail From China

World’s Largest Atmospheric Tower For Dangote Refinery A piece of equipment that will process crude oil for Nigeria’s Dangote refinery set sail on Monday from China, oil company Sinopec said in a tweet. The 650,000 barrel per day (bpd) refinery [...]

July 30, 2019 Business, General
Maritime Workers Begin Strike

Maritime Workers Begin Strike: Apapa Port, Others Shut

Maritime Workers Begin Strike: Maritime workers under the aegis of the Maritine Workers Union of Nigeria (MWUN) on Wednesday made good their threat of protesting over their unpaid entitlements by the International Oil Companies (IOC) by grounding port operations. As [...]

July 3, 2019 Business
Nigerians Commodities

Nigerians may pay more for commodities, as new duty regime bites

Nigerians may be bracing for higher prices of commodities as the spiral effect of the sudden increase in import duty by over 6.1 per cent by the Federal Government, takes toll on prices.Already, importers and manufacturers are groaning under the [...]

June 27, 2019 Business, Economy
China US Trade Spat

US-China trade spat, Iran tensions to dominate weighty G20

The trade battle between the US and China, and fears that spiralling tensions with Iran could erupt into conflict are poised to dominate a high-stakes G20 summit from Friday. With hotspots North Korea and Venezuela and a slowing world economy [...]

June 26, 2019 Business
Don't Appoint Mohammed Abubakar As Minister - CFCI To Buhari

Buhari Orders CBN To Blacklist Importers Of Palm Oil, 42 Other Items

CBN To Blacklist Importers Of Palm Oil President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist from the banking system any firm, its owner and top management caught smuggling or dumping any of the 43 items that [...]

June 16, 2019 Business
Nigeria To Save N20bn Annually In Local Shoe Production

Nigeria To Save N20bn Annually In Local Shoe Production

The Director General, DRDB, Air Vice Marshal Jomo Osahor said the Memorandum of Understanding (MoU) between the Nigerian Institute of Leather and Science Technology (NILEST), Kaduna State, and Defence Research and Development Bureau (DRDB) on research and development of footwear [...]

June 9, 2019 Business
Donkey Skin In Lagos

Customs Seizes N15billion Worth Of Donkey Skin In Lagos

Customs operatives attached to the Federal Operations Unit in Lagos have seized two containers of donkey skin known locally as ponmo (hides), valued at N15 billion. Controller of the unit, Aliyu Mohammed, told journalists at a media briefing today that [...]

May 23, 2019 Business
"For Sale" Sign On Moving Vehicles Illegal

“For Sale” Sign On Moving Vehicles Illegal – FCT VIO

Federal Capital Territory Directorate of Road Traffic Services (VIO) says pasting “For Sale” sign sticker on moving vehicles as a way of marketing was illegal and a violation of the law. Mr Kalu Emetu, the directorate’s Public Relations Officer made [...]

May 21, 2019 Business
World Heaviest Regenerator

Installation Of World Heaviest Regenerator, RFCC Unit At The Dangote Refinery

World Heaviest Regenerator: The Dangote oil refinery is an ongoing Refinery project owned by the Dangote Group, located at Ibeju lekki area of Lagos state.When complete, it will have a capacity to process about 650,000 barrels per day of crude [...]

May 3, 2019 Business
Traders Count Losses As Fire Destroys Goods Worth N50m

Onitsha:Traders Count Losses As Fire Destroys Goods Worth N50m

Tears, agony at Onitsha Main May 2, 2019 9:02 AMTraders count losses as fire destroys goods worth N50mTears, agony at Onitsha Main MarketJeff Amechi Agbodo, Onitsha  Traders at Johnson Street, near Main Market Onitsha, Anambra State have been counting [...]

May 3, 2019 Business

Dangote Donates New Hostels To Ahmadu Bello University In Kaduna State [photos]

Nigeria billionaire businessman, popularly known as Dangote and his Foundation has made an impact on the educational sector in Nigeria by donating 10 blocks of hostels to Ahmadu Bello University in Zaria, Kaduna State.  According to the report, it has [...]

April 29, 2019 Business
Nigerian business pays 48 taxes

The Average Nigerian Business Pays 48 Taxes – Tony Elumelu

Tony Elumelu, Chairman and founder of Heirs Holdings has revealed that the average Nigerian business pays 48 taxes.  The UBA Chairman who decried the plight of the average Nigerian entrepreneur, saying that an average business was a local government authority [...]

April 26, 2019 Business
Simon Lalong of Plateau State, yesterday, said he was desirous to rebuild burnt Jos market to generate enough revenue to pay the new N30,000 minimum wage.

I want to rebuild Jos market to generate money for new wage — Lalong

GOVERNOR Simon Lalong of Plateau State, yesterday, said he was desirous to rebuild burnt Jos market to generate enough revenue to pay the new N30,000 minimum wage. Lalong also said the report that his administration budgeted N1.1 billion to demolish [...]

April 20, 2019 Business
Dangote Salt Rewards Truck Drivers For Accident-free 2018

Dangote Salt Rewards Truck Drivers For Accident-free 2018

NASCON Allied Industries, a subsidiary of Dangote Group, said it would continue to honour its workers just as it rewarded its truck drivers for meeting product delivery target and driving accident-free in 2018. The Executive Director, Commercial, Hajiya Fatima Aliko [...]

April 17, 2019 Business
Bugatti Veyron

The Time It Would Take Dangote To Pay Off His ₦792m Bugatti Veyron

Bugatti Veyron: Nigerian business magnate and investor, Aliko Dangote , is 62 years old today. As of March 2019, the richest man in Africa and 100th in the world, had an estimated net worth of US$10.6 billion. He has retained [...]

April 13, 2019 Business