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 Business Reports in Nigeria

Business Reports
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Recharge Card Business threatened by money money payments

Olam International Limited, an integrated supply chain manager and processor of agricultural products and food ingredients has acquired OK foods, Nigeria’s second largest and candy franchise manufacturer.

Dangote Ibese plant producing at 100% capacity 2 months after commissioning

FG moves to woo investors into automotive industry

60 EU, US private equity investors target Nigeria, South Africa with $280m investment

Dangote Pasta, a subsidiary company of the Dangote Group is set to capture 65% of the the pasta market. The company operates with eight lines with a combined production capacity in excess of 20 million tons per annum. The Managing Director of the company states that the national demand stood at 18 million tons per annum and that Dangote pasta would produce about 10 million tons this year leaving competitors to do the rest.

‘Abia’s Investment Policy Will ProvideEntry And Exit Plans For Investors’

Cost of electricity to reduce with new tariff The Ministry of Power, Prof Barth Nnaji, says the ministry will carry out a new power tariff review to subsidise the cost of power for the rural and urban poor in the country.

BUA International Limited has unveiled plans to embark on the production of pasta before the end of the first quarter of this year. The company invested $50 million (about N8 billion).

AKWA Ibom State Government has reiterated its readiness to resuscitate Sunshine Batteries Industry, Ukana in Essien Udim Local Government Area.

THE Chartered Institute of Professional Printers of Nigeria (CIPPON) has urged the Federal Government to ban importation of finished imported books and materials into the country

AN indigenous manufacturing company, Weighbridge & Scale Services Limited, has successfully installed a 100 tonnes, 18meter digital weighbridge platform in Osun State.

PORTLAND Bathrooms, a subsidiary of Portland Paints and Products Nigeria Limited has entered into a partnership agreement with members of the Association of Plumbing Contractors to increase retail sales and enhance their knowledge.

TECHNOLOGY firm, Appzone, has introduced the BankOne payment platform that will allow customers of microfinance banks in Lagos and Kwara operate their accounts without having to be physically present at the bank branches.

THE Computer Forensics Institute, Nigeria (CFIN), in collaboration with other major stakeholders, has announced its first ever digital and computer forensics conference to be hosted in West Africa.

Farmers in Akwa Ibom have lamented the non-availability of fertilizer as the farming season begins, saying it would have a negative effect on their productivity at the end of the year.

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