As part of its corporate social responsibilities, Diamond Bank plc has volunteered to be the lead sponsor of the 24th edition of the Nigerian Universities Games Association, NUGA, competition. The annual event, which holds between February 12 and 22, 2014 at the prestigious Obafemi Awolowo University, Ile Ife, Osun State, is attracting over…
RenCap Educates Investors
The Renaissance Capital, an emerging markets & frontiers investment bank has called on investors to commit more funds to develop the Nigerian economy. Igor Vayn, chief executive officer of the financial institution, said this during the company’s 5th annual pan-Africa investor’s conference. He said investors should explore the opportunities of the progress achieved by the…
Nigerian Breweries Births Star Lite
The Nigerian Breweries has added another feather to its cap as the brewery giant unveiled Star Lite, an ice cold filtered lager beer last week in Lagos. Walter Drenth, marketing director of the company, explained that the new product, which is an extension of Star lager beer, is an innovation the company is certain its…
MAN Appoints New DG
The Manufacturers Association of Nigeria, MAN, has announced the appointment of Remi Ogunmefun as its new Director General, DG. Ogunmefun who takes over from Rasheed Adegbenro, former acting DG, has 32 years experience as a legal practitioner, manager, administrator and director across sectors of the economy. The seasoned executive has contributed several articles to the…
Nassarawa’s First Lady Commends Airtel
Airtel Nigeria, a telecoms operator, has received a pat on the back by Salamatu Al-Makura, wife of Nassarawa state governor, over its life-enriching initiatives. The first lady commended the company while presenting the Airtel Red Hot Promo grand prize to Danjuma Yakubu, the winner of the promo, and the commissioning of Airtel Express Shop recently…
NAMA Begins Calibration of Navaids
In its continuing efforts to enhance air safety in the country, the Nigerian Airspace Management Agency, NAMA, has commenced the calibration of navigational equipment at some airports across the country. The exercise, which is scheduled to last for one week, will be handled by ASECNA, a Dakar-based calibration firm. In a statement signed by Supo…
IDH to Establish Ethanol Refinery in Edo
Efforts by the Edo State government to industrialise the state are beginning to bear fruits. Recently, Industrial Development Holding, IDH, a group of South African investors, expressed its resolve to turn Edo State into the China of Africa, beginning with the establishment of an ethanol refinery in the state. Mxolesi Mbetse, executive chairman, IDH, told…
Akure Airport Now Cargo Terminal
The Akure Airport has been designated a perishable and non-perishable cargo airport by the federal government. Stella Oduah, minister of aviation, announced this during her courtesy visit to Olusegun Mimiko, governor, Ondo State, recently. According to the minister, the perishable cargo terminal project at the airport is meant to harness the agricultural export capacity of…
Boom or Burst for Investors?
The Nigerian Stock Exchange outperformed others in Africa in 2013 posting 44.6 per cent return on investment, which experts say is a reflection of the growth of the economy. But are the returns sustainable? Since the Nigerian stock market witnessed a near crash in 2009, several investors have been sitting on the fence. However, with…
HarvestPlus Tackles Violence with Diet
To reduce crime rate and violence in Nigeria, HarvestPlus Nigeria, a research institute, is set to spread its Hidden Hunger campaign across the states in the country. Paul Ilona, country manager of the institute, disclosed that lack of vitamin A deters growth, development, and maintenance of human immune system. To him, right diet with…
WhatsApp us