“We’re going to be a small craft brewery compared to the big guys, but we believe we can make the best beer and we can keep growing in our own way and do things in our own style. “I will be very happy with 1% of the Nigeria’s $7 billion beer market. Even half of…
“Unilever is a “glocalised” brand, one that blends global excellence with local relevance, and applauded the company’s achievement of sourcing over 60 percent of its raw materials locally.” Those words were coined by the President of the Manufacturers Association of Nigeria (MAN), Otunba Francis Meshioye.The occasion was during a delegation of the company’s management led…
•Emmanuel Ikazoboh Becomes Chairman Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025.In a statement signed by Anthony Chiejina Group Chief, Branding & Communications Officer, said that Dangote’s relinquishing his position as chairman and retiring…
The Federal Government has suspended the implementation of contentious provisions in the Financial Reporting Council (Amendment) Act 2023 following concerns raised by private sector stakeholders. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, announced the decision in a release on Monday. She said the suspension followed a series of high-level consultations with key industry…
Baladna’s Marketing and Communications Director, Aladdin Idilbi, has clarified that the Qatari firm and the Ogun State government hadn’t signed any agreement on building a multi-million dollar factory. Idilbi, in a WhatsApp message, said, “To clarify, the visit to Ogun State Governor, Dapo Abiodun, was purely exploratory, aimed at assessing potential sites for arable and…
Qatar’s dairy giant Baladna Food Industries is bringing in a multi billion dollar investment into Nigeria dairy industry, specifically in Ogun State. The investment which has already been approved by the State’s Governor, Dapo Abiodun, is expected to boost local dairy production and food security. Governor Abiodun, said ” If you could meet 35 percent…
PZ Cussons Plc and Wilmar International Limited have agreed definitive terms for Wilmar to purchase the 50 percent equity stake in PZ Wilmar Limited held by PZ Cussons Plc, for a cash consideration of $70 million.” A statement by the company , said that the transaction, which is subject to regulatory approvals, is expected to…
Africa ‘s richest industrialist- Aliko Dangote, is constructing another sugar refinery in Ghana. In a statement, the Dangote Group said that the investment will reduce Ghana’s $162 million annual sugar import bill and boost local industrial growth. The expansion is also part of Dangote’s broader goal to expand integrated agriculture across Africa. The factory is…
• Inside Innoplas factory during the visit “The solution to Lagos’ plastic waste challenge is not the blunt force of outright ban,” but the deliberate design of integrated waste collection systems, investment in recycling infrastructure, and circular partnerships between government and industry.” The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, commented when…
Photo (from left): Chief Executive Officer, TIME, Jessica Sibley, President/CE, Dangote Industries Limited (DIL), Aliko Dangote, Group Executive Director, Commercial Operations (DIL), Fatima Aliko Dangote and Managing Director/CEO, Aliko Dangote Foundation, Zouera Youssoufou, attending TIME100 Impact Dinner, at One World Observatory in New York City. “The renowned industrialist was named among the top 100 philanthropists…
