Many a consumer in Nigeria are angry, threatening and mobilising others to boycott Erisco Foods products. This is in connection with the latest alleged Police attack on Chioma Okoli over Erisco Tomato Review. Human Rights Lawyer- Inibehe Effiong, ESQ (Lead Counsel to Chioma) gave the update via his social media platform, headlined ‘ IGP OVERRULES…
▪︎Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, tour Dangote Sugar Refinery Plc, yesterday. Stakeholders in the manufacturing sector are pressuring Dr. Doris Uzoka-Anite, the Minister of Industry, Trade and Investment, to pay the N75 billion for 75 industries Presidential loan . They made the demand when the Minister toured some leading manufacturing…
Dangote Group say the visit by officials of the Economic and Financial Crimes Commission (EFCC) to its headoffice in Lagos, caused them “unwarranted embarrassment. “ In a statement today, the company explained that it’s not against the EFCC doing its work, but that the officials stormed the company “in a manner that appeared designed to…
Peter Obi, a former Governor of Anambra State/ LP Presidential Candidate, called on the federal government “to not only discourage more business shutdowns in Nigeria but also encourage a high inflow of foreign direct investment and local investment in the nation.” This’ s his reactions to the exit of Jubilee Syringe Manufacturing (JSM) (the largest…
There is a bigger picture to see beyond the closure of Jubilee Syringe Manufacturing (JSM) Company Limited which forced the management to have declared the over 200 staff temporarily redundant. In a memo to the staff, the Akwa Ibom State based company, which was commissioned in 2017 by former Vice President, Yemi Osinbajo, told the…
Don’t ever compete with your bosses. You will burn your fingers
▪︎Taiwo Adeniyi, GMD/CEO The Board of Vitafoam Nigeria Plc will present a dividend of N1.951,317,000, representing 1.56 kobo per share to shareholders for approval at the next annual general meeting in 2024. This is even as the company says that it’s expansion drive to Sierra Leone has begun to yield positive outcome by way of…
Innoson Kiara Academy has trained and graduated over 200 youth in automotive diagnostics training, as parts of its contribution towards the industry’s manpower development. Established in partnership with the renowned German Auto Company, BOSCH, Innoson Kiara Academy is a Technical and Vocational institution at Innoson Vehicle Manufacturing (IVM). Chief Dr. Innocent Chukwuma, CEO of Innoson…
In Summary▪︎On March 17, 2023, Unilever Nigeria, the local unit of British multinational consumer goods company Unilever Plc, announced it would fold up the production of its homecare and skin-cleansing brands ( Omo, Sunlight and Lux)in Nigeria. “The production for home care category ceased in June 2023, and sales ceased in September 2023. ▪︎ On…
South Africa – based Oppenheimer Partners Limited has bought a 37.5 percent shares in GZ Industries Ltd; – a leading can manufacturing company with factories in Nigeria and South Africa. The acquisition, it was learned, will enable Oppenheimer to transform and drive GZI’s expansion in sub-Saharan Africa. Currently, GZI boasts an annual production of 3…
