AU Commission prepares for single market launch in July

By PATTY MAGUBIRA The African Continental Free Trade Area will enter into force during the next African Union Summit slated for Niamey, Niger, in July. Dr Halima Noor Abdi, a senior official of the African Union Commission (AUC), said 20 member-states have ratified the agreement and deposited the instruments with the commission, adding that she […]

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Nestle Nigeria adds  Maggi® Signature to its product  portfolio

  Nestlé Nigeria has launched a new powder seasoning range designed especially for Nigerian cuisine, ‘Maggi® Signature’.  It comes in three flavour variants – Jollof, Miya and Pottages to intensify and enhance the Nigerian cooking experience. ‘Maggi® Signature’ is a unique blend of natural ingredients such as bay leaves, onions, tomatoes, chilli pepper and thyme […]

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Cadbury Nigeria’s revenue hits N9.3bn in Q1 2019   

Cadbury Nigeria Plc today announced revenue of N9,283billion for the three months ended March 31, 2019. This represents an increase of 12.7 percent over N8,235billion revenue realised within the same period in 2018. The Company also recorded gross profit of N2,375billion, representing an increase of 32 percent over the N1,799billion, which was reported for the […]

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Atlantic American Partners woo Nigerians for investment in United States EB-5 Program

  In Summary ♦EB – 5 is an investment fund not a lottery . It was introduced 28 years ago by the United States Congress and has since enabled a large number of families to live the American dream by granting them permanent residency through investments made in “trophy” new commercial real estate investments. ♦The […]

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African Cassava Agronomy Initiative ‘Six Steps’ records success in Nigeria

“Nigerian farmers using the ‘Six Steps to Cassava Weed Management extension toolkit ‘ via the 3-2-1 mobile service of Airtel, were doubling the yield of cassava from the current national average of 9 tons per ha to more than 20 tons per ha.” The toolkit was developed and introduces by African Cassava Agronomy Initiative (ACAI)/IITA- […]

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Olam is buying Dangote Flour Mills for N130bn * To consolidate its manufacturing footprints in West Africa

Global food and agri-business Olam International has submitted a binding offer to acquire 100% equity ownership of Dangote Flour Mills Plc (DFM), a leading flour and pasta manufacturer in Nigeria, for an enterprise value of N130 billion (approximately US$ 361 million) on a debt free, cash free basis. The proposed transaction would include DFM’s five […]

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Sinoria FABCOM to Open Fibre Board Manufacturing Plant in Abuja

Sinoria FABCOM, a Chinese building materials and structural engineering firm, has announced plans to open a fibre cement board manufacturing factory in Abuja. The managing director of the Chinese building materials and structural engineering firm ,Liuxing Wang, made this known while commending President Muhammadu Buhari for creating the right atmosphere for the industrial growth in […]

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EU spends over N200bn on Nigeria in pursuit of EPA signatory

  By Franklin Alli THE European Union has so far spent over 575 million Euros (about N200 billion) on Nigeria to strengthen its business environment and investment climate with a view to get the country sign the West Africa-EU Economic Partnership Agreement (EPA). A breakdown of the figure showed that 11 million Euro was spent […]

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