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Tag Archives: Industry

Nigeria can export tomato paste in 18 months — APEMAN

Anna Okon The Agricultural Products and Equipment Manufacturers in Nigeria has stated that in 18 months, with the support of the Federal Government and effective implementation of the ban on importation of tomato paste, Nigeria will be able to produce enough tomato paste for local consumption and export. The President of the association and Chairman of Erisco Foods Limited, Chief …

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NACCIMA to tackle challenges of doing business

Anna Okon The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has said that its 57th Annual General Meeting scheduled to hold on Wednesday, May 24 will focus on “Ease of doing business in Nigeria: An impetus to economic recovery.” In a statement made available to our correspondent on Wednesday, NACCIMA said the Regional Director, United Nations Industrial …

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Nestle sales go flat in Q1 as sub-Saharan Africa shows growth

Swiss food and drink giant on Thursday reported anaemic sales growth as Asian market strength was offset by weak consumer spending in the Americas. First-quarter sales rose 0.4 percent to 21 billion Swiss francs (19.6 billion euros, %21.1 billion), slightly below analyst expectations compiled by the AWP agency of 21.3 billion francs. But organic sales growth, which excludes exchange rate …

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FG empowers women group to boost small business operations

In line with Federal Government’s Enterprise and Empowerment Programme (GEEP) initiative meant to encourage the development of Small and medium enterprises (SMEs) in Nigeria attain financial prosperity, 1,250 women have been trained to benefit from soft loans needed for their businesses. To this end, non-interest soft loans of between N10,000 and N100,000 will be disbursed to the women wing of …

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Firm debunks concerns on safety of Lucozade drinks

Suntory Beverage & Food Nigeria Limited manufacturers of Lucozade have assured its consumers that its range of Lucozade drinks do not contain benzoic acid and as such are safe and healthy for human consumption. Suntory Beverage & Food Nigeria Limited, manufacturers of Lucozade have assured its consumers that its range of Lucozade drinks do not contain benzoic acid and as …

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SON, UNIDO strategise to remove export barriers

To reduce rejection of Nigerian products in global markets, the Standards Organisation of Nigeria (SON) and United Nations Development Organisation (UNIDO) have strategized to deploy the use of standards to drive development in the nation’s agricultural sector. According to the Director General, SON, Osita Aboloma, during a two- day training for SON staff on certification programmes, the agency’s partnership with …

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LCCI, others boost SMEs’ capacity for market access

As access to markets unveils new challenges to small businesses, especially in the area of selling their goods and services to consumers, the Lagos Chamber of Commerce and Industry, in conjunction with Facebook, has advocated increased understanding of consumer behaviour and markets by SMEs in order to sustain their operations. According to the stakeholders, the emergence of various online platforms …

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Post-Otodo Gbame: Nigeria desperately needs cheaper housing solutions

Everything wrong with Lagos state government’s recent clearance of the riverside community, Otodo Gbame, can be summarised in one sentence – Nigeria does not know how to build houses cheaply. There is nothing strange about clearing slums and there are very good reasons to do so. President Truman’s 1949 Housing Act provided $1bn in funding to localities across America to …

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NEPC explores opportunities in solid minerals export

Babatunde Faleke To exploit export opportunities in the nation’s solid minerals space, the Nigerian Export Promotion Council (NEPC) has tasked exporters on the potential in the sector, citing the need to replicate the zero oil initiative across various sectors. The Regional Coordinator, South West, Nigerian Export Promotion Council (NEPC), Babatunde Faleke, explained that the move by the council was to …

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‘How to sustain economic recovery amid uncertainty’

To make policy implementation effective and have positive impact, experts at PwC also urged government to remove bottlenecks limiting the gains from the private sector. With earlier pressure which forced the economy into a contraction easing off amidst improved oil production, economic experts have advocated proper policy response and need to bridge infrastructural gap in various value-chains. According to the …

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