Dr. Olubunmi Kole-Dawodu, State Manager for the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has disclosed that Lagos is home to over 50 million informal businesses. This announcement was made during a recent stakeholders’ forum on Economic Data Performance, organized by the Lagos Bureau of Statistics (LBS) at the Lagos Chamber of Commerce…
Leaders and entrepreneurs in the South-East private sector are united in their determination to establish businesses that will drive economic transformation in the region. Among those at the forefront of this initiative are Dr. Cosmas Maduka, President and CEO of Coscharis Group; Mr. Johnson Chukwu, Managing Director and CEO of Cowry Assets Management Ltd; Etemore…
▪︎Dr Jumoke Oduwole, Minister of Industry, Trade and Investment Chief of Taiwan Mission at the Taipei Trade Office in Nigeria, Andy Yih-Ping Liu, says that the trade volume with Nigeria has enormous potential for growth as many Taiwanese investors are waiting for the renewal of the bilateral agreement, which would provide a legal framework for…
Yahoo Finance writes: Coca-Cola is known worldwide. It sells numerous ready-to-drink products and has a presence in 200 countries and territories. With a whopping 1.9 billion servings consumed daily, Coca-Cola might have the broadest reach of any company in the world. The company has generated a total return, which includes dividends, of 25,770% in the past 50…
The Coca-Cola Company is set to introduce new products in both the USA and UK markets in the coming month. In February, the company will unveil a new Coke flavor—orange cream—in the United States. Additionally, Coca-Cola Lime, a popular flavor that has not been available for 17 years, will be reintroduced to consumers in the…
” In our budget proposals for 2025, we estimated over N531 billion for capital expenditure but was allocated a mere N9 billion. This is unacceptable, as it will hinder any significant investment in exploration, which is crucial for generating the geo-data that will attract major players.” Those were the words of the Minister of Solid…
▪︎UGC image credit: Arise News TV SHAREHOLDERS, Customers, investors, and other stakeholders of First Bank of Nigeria (FBN) and that of General Hydrocarbons Ltd, are waiting for the outcome of a $225.8m loan disputes between the two companies. General Hydrocarbons Limited and First Bank of Nigeria Limited are currently at the Federal High Court in…
China-based Huaxin Cement Co Limited has so far acquired six subsidiaries of LafargeHolcim cement plants in Africa. Huaxin Cement moves to be the second biggest cement producer in Sub-Saharan Africa after Dangote Cement. . Dangote Cement has a total production capacity of 52 million tonnes per year (MTa) across Africa. This makes it the largest cement producer in…
Ghana has scrapped visa requirements to enter the country for citizens of all African nations. The new policy is expected to boost travel, trade, and tourism. Joy Online, a local paper, reported that Ghana previously granted visa-free entry to citizens of 26 African nations and visas on arrival to travelers from 25 others, with only two…
Lagos State Governor, Babajide Sanwo-olu has hinted of developing the unsued spaces in Ikorodu Industrial Hub at Odogunyan. “It is important that the unused spaces are transformed into a vibrant center for innovation and social impact, as this aligns with our larger plan for industrial growth. Our aim is to create opportunities, attract investments, and…
