INNOSON: We use 60 % local components

Innoson Vehicle Manufacturing Company (IVM) uses 60 percent of locally manufactured components in producing its vehicles, the Chairman, Chief Innocent Chukwuma has said He said his firm produced vehicles according to customers’ demands. Chukwuma, who spoke in Uru Umudim Nnewi, Anambra State while hosting the Chairman/CEO of Oilserv Group of Companies,  Emeka Okwuosa, said: “We […]

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Nigeria implements 150 reforms to improve business environment, says Industry Minister

  ” The Presidential Enabling Business Environment Council (PEBEC),through its secretariat and collaboration with the private sector, has successfully implemented over 150 reforms to make business easier for Micro, Small and Medium Enterprises.” Niyi Adebayo, the Minister of Industry, Trade, and Investment, stated this at the Lagos Chamber of Commerce and Industry 2020 Presidential Policy […]

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COVID-19: SON is working on standards to revive Nigeria tourism sector

  Nigeria : To mitigate the harrowing effect of the Coronavirus pandemic on the Tourism Industry, the National Mirror Committee on Tourism has  met to find a common ground for post Covid 19 and to forge a way forward in reviving the Industry. The Working Group of the Mirror Committee on Tourism and related Services […]

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ShopRite to exit Nigerian market after 15 years

South Africa’s grocery retailer ShopRite is leaving Africa’s biggest market, Nigeria, 15 years after it opened shop in the West African country. The announcement by ShopRite came months after another South African brand, Mr. Price, exited the market. International supermarkets (excluding Nigeria) contributed 11.6% to group sales and reported a 1.4% decline in sales from […]

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Nigerian courier industry: LCCi picks regulations Gov must delete, and why

The Lagos Chamber of Commerce and Industry (LCCI) has called on the Honourable Minister of Communications & Digital Economy, and indeed the Federal Government to take urgent steps to clean up provisions in the courier regulations and guidelines  that are stifling and suffocating the industry.    LCCI, applauded the the Honourable Minister of Communications and Digital Economy, […]

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Global economies, companies hit hard as virus cases top 17 million

(AFP): Economies from Europe to the United States on Thursday reported record slumps and companies from banks to car makers warned of losses in the latest fallout from the pandemic that has infected more than 17 million people across the globe. Six months after the World Health Organization declared a global emergency, countries around the […]

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Nigeria braces up for active participation in 4th Industrial Revolution

The Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami ,  has stated that the Federal Government is willing to partner Academia in Information Technology Profession (AITP) and other stakeholders for Nigeria to play active and key roles in the 4th Industrial Revolution era. He stated this during the International Conference on Information […]

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Two jailed in Lagos for engine oil adulteration

  A Federal High Court in Lagos  today (Friday) convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil and sentenced them to two-years imprisonment each. The Standards Organisation of Nigeria (SON) brought them before the court on a four count charge of production, possession, dealing in and distribution of […]

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Police handsover 504 cartons of bad Bic shaving sticks to SON

  The Divisional Police Headquarters, Ebute Ero, Lagos , has handed over 504 cartons of seized suspected substandard Bic brand of shaving sticks to the Standards Organisation of Nigeria (SON) representatives in Lagos. The Divisional Crime Officer (DCO), Mr Bello Taofeek, while handing over the suspected substandard shaving sticks to SON, said that they items […]

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