Nigeria to earn N48bn annually from commercialise genetically modified cowpea says the biotech body

The Nigerian Biosafety Management Agency (NBMA) has approved the commercial release of genetically modified, pest-resistant cowpea to farmers in the country. This followed more than two decades of research, field trials, and risk assessment by multiple organizations. This places the country on the path to becoming the first country ever to cultivate biotech cowpea. This development […]

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BOI stipulates conditions for accessing GEEP Fund

By Gilbert Ekugbe The Bank of Industry (BOI) has stipulated conditions that must be met by small business owners to access the Federal Government Enterprise and Empowerment Programme (GEEP) Fund. GEEP is one of the social intervention programmes of the Federal Government of Nigeria being executed by the Bank of Industry. Through GEEP’s MarketMoni product, the […]

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Sona Group lobbying govt to ban sorghums import

By Franklin Ocheneyi Sona Group of Industries has requested the Nigerian government to ban the importation of sorghum, barley and biscuits into the country. The group said that unless the government takes this bold step the local industries will be endangered due to unhealthy competition. Mr.Ajai Musaddi the Group Managing Director of the group, made […]

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If you want your brothers to get a job, buy made in Nigeria-Franks Jacobs, MAN President

By Franklin Ocheneyi I believe in the next five to ten years, our industrial landscape will change as many manufacturers will no longer import raw materials but get their raw materials locally. What is the level of compliance to Executive Order on the patronage of locally made goods? We have submitted implementation plans to the […]

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BOI tasks women entrepreneurs to employ more people

By Gilbert Ekugbe The Bank of Industry, BOI, has challenged women entrepreneurs in the country to take advantages of its funding windows to improve their businesses and create more employment. The General Manager, BOI, Joseph Babatunde made the call during the bank’s gender business group customers’ forum held in Lagos. He noted that there are […]

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DBN adopts Germany’s KFW model of SMEs financing

By Gibert Ekugbe The Development Bank of Nigeria (DBN) has adopted the KFW Development Bank of Germany’s model of financing the Small and Medium enterprises sector, SMEs. The Managing Director, DBN, Mr. Tony Okpanachi, disclosed this when he received a delegation of the KFW Development Bank of Germany, in Abuja. Okpanachi said that his team […]

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SON cuts cost of testing LPG plants by 50%

By Gilbert Ekugbe Standards Organisation of Nigeria, SON, says it has ‎slashed the cost of testing and certification of Liquefied Petroleum Gas (LPG) manufacturing plants and outlets by 50 percent. This followed the inauguration of an Ad-hoc committee by the Standards body, comprising of SON officials and stakeholders in the oil and gas industry to […]

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Vlisco to invest in Nigeria’s textile industry

By Franklin Ocheneyi. Dutch textile and design company, Vlisco Group, has held high-level discussion with the Minister of Finance, Mrs Kemi Adeosun, over its proposed investment in the Nigerian cotton textile industry. Its Chief Executive Officer, Mr David Suddens, who led the group’s delegation to the meeting with the minister in Abuja, said the investment […]

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Lafarge trains Canaancity Consortium staff on safety practices

By Franklin Ocheneyi Lafarge Africa Plc has commenced a training programme for 200 employees of Canaancity Consortium, an association of indigenous and foreign companies. The training is aimed at improving the safety standards and practices at the sites of Canaancity which is building over 700 housing units at Otta, Ogun State. Graeme Bride, Director for […]

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SON tackles products cloning thru authentication scheme

By Franklin Ocheneyi The Standard Organisation of Nigeria (SON) has concluded arrangement to roll out products authentication scheme before the end of 2017. The Director-General of SON, Dr. Osita Aboloma, who disclosed, said that the scheme when launched will tackle the challenges of products cloning and products adulteration. “Products authentication scheme will drive away product […]

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