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Business and Economy

Governor Ajimobi commissions FrieslandCampina WAMCO’s new DDP milk facility

  FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns and Friso brands of milk and the pioneer milk manufacturer in Nigeria, opened its fifth milk collection facility for dairy farmers in Saki, Oyo State. The facility was commissioned by the Governor of Oyo State, Gov. Abiola Ajimobi Thursday, June 8. Speaking …

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Nigerian maritime sector strategic for investors – Amaechi … As Dakuku woos investors, assures of conducive environment.

The Minister of Transportation, Rt. Honourable Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into.  The Minister who made this known while speaking at the “Africa @ Nor” session of the recently concluded Nor-Shipping 2017 which held …

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CBN injects $190m into Forex market, opens up market …Wholesale segment gets $100m; …SMEs receive $50m boost; …BTA, others get $40m

Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday, June 5, 2017, injected another sum of $190 million into the inter-bank market. At Monday’s trading, the Bank offered the …

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Maritime: Africa ready to engage the world on equal terms – Dakuku …Charges foreign investors to tap into African Maritime industry for mutual benefits

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that Africa is ready to engage on equal terms with the rest of the world in the area of maritime businesses. Dakuku who made this known at the Nor-Shipping 2017 event holding at …

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Lagos, Gauteng Province have capacity to drive economic growth in Africa – Ambode …Mulls Partnership on trade, capacity building, manufacturing, others …To sign MoU in Johannesburg by September

  Lagos State Governor, Mr. Akinwunmi Ambode on Wednesday said that the State and the Province of Gauteng in South Africa both possess the capacity to drive the desired industrial and economic growth in the African continent. Governor Ambode, who addressed Government House Correspondents shortly after a meeting with the …

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Forex: CBN lifts Market with $482.6m …Retail SMIS receives $286m; …Wholesale segment gets $100m; …SMEs receive $52m; …BTA/PTA get $45m

 In the first trading day after the Democracy Day celebrations, the Central Bank of Nigeria (CBN) on Tuesday, May 30, 2017, intervened in the inter-bank market to the tune of $482.6 million, underlining its determination to guard the international value of the naira. A breakdown of Tuesday’s interventions indicates that …

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Nestle Nigeria will continue to create shared value – Alarcon

Managing Director of Nestle Nigeria Plc, Mr. Mauricio Alarcon, has reassured that  the largest Nutrition, Health and Wellness company, would continue to work alongside partners to create shared value – contributing to society while ensuring long term success of its business. Mr. Alarcon, who said this at the 48th Annual General Meeting, …

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