Business articles

Nigerian Breweries Births Star Lite

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

UBA Joins Convention on Business Integrity

Philips Oduoza, group managing director and chief executive officer, United Bank for Africa, UBA, is convinced of one thing – a business reputation suffers severe damage by being associated with corrupt practices in the public mind. So, in line with that conviction, he recently led the board and executive management of the bank to sign

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

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

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

RenCap Educates Investors

The Renaissance Capital, an emerging markets and 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, explained during the company’s 5th annual pan-Africa investor’s conference, that investors should explore the opportunities of the progress achieved by the economy of

Glamour at UBA Awards

For employees of United Bank for Africa, UBA, and other stakeholders in the bank, it was a night of fun, entertainment and rewards February 8, 2014 as they gathered from across the country and beyond to celebrate members of staff who distinguished themselves in the 2013 financial year. The annual UBA CEO Awards ceremony, which took

Honours for a Veteran PR Man

The Nigerian Institute of Public Relations, NIPR, Rivers State chapter, honours Jossy Nkwocha, head, corporate communications, Indorama Eleme Petrochemicals Limited, IEPL, Port Harcourt, with its award of professional excellence in public relations practice. Samuel Toby, chairman of the chapter, explained that the award was in recognition of Nkwocha’s immense contributions to the chapter, which has

HarvestPlus Spreads Pro Vitamin A Cassava

It is no longer news that Nigeria, producing over 34 million tonnes annually, is the largest producer of cassava in the world. But the recent spread of pro vitamin A cassava variety, popularly known as ‘yellow cassava’, across the country by HarvestPlus Nigeria, a research institute that is committed to breeding crops for better nutrition,

CBN Removes Forex Limit

The Central Bank of Nigeria, CBN, has authorised the removal of the $250,000 weekly foreign exchange sales limit placed on bureaux de change, BDC, operators in the country. The announcement came a week after Lamido Sanusi, CBN governor, vowed to address the widening gap between the naira-dollar exchange rates in the official market and parallel

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