Flour Mills revenues soar to N771.6bn on strong segment performance 

Flour Mills revenues soar to N771.6bn on strong segment performance 

  Agro-allied segment rakes in N139.4bn revenue despite CBN’s FX restrictions on wheat importation   Flour Mills, just like its close competitor, Honeywell Flour Mill, has reported stellar performance with an impressive 34.5 percent year on year increase in revenue to N771.6 billion in 2021 from N573.8 billion in 2020, driven by robust growth across […]

Rabiu, BUA chairman, becomes inaugural president, France-Nigeria Business Council

Rabiu, BUA chairman, becomes inaugural president, France-Nigeria Business Council

Emmanuel Macron, president of  France, has inaugurated the France-Nigeria Business Council, a private sector initiative aimed at bolstering business relations between the two countries with Abdul Samad Rabiu, founder and executive chairman of BUA Group, assigned the role of its inaugural president. The recently  initiated council also has high profile Nigerian business magnates, Gilbert Chagoury […]

Jiji enters transactional marketplace with acquisition of Cars45

Jiji enters transactional marketplace with acquisition of Cars45

Jiji, a classified online shopping platform in Nigeria for buying and selling new and used gadgets, has acquired Cars45, a transactional car marketplace, for an undisclosed amount. The acquisition, which marks the first time Jiji is exploring a business outside its usual classifieds model, will see Cars45 grow the vehicles category as its operations in […]

Female entrepreneur sets up skill acquisition center to empower youths

Female entrepreneur sets up skill acquisition center to empower youths

Ovaioza Skills Acquisition Center (OSAC), an establishment designed to aid the growth of youths in Nigeria through training on 21st century entrepreneurial skill sets has registered its commitment to delivering quality training, raising entrepreneurs, and improving wealth creation opportunities for young people all over the country. Imu Ovaioza, chief executive officer of the center, in […]

Pharmaceutical industry crucial to Nigeria’s health sector, Mopheth CEO

Pharmaceutical industry crucial to Nigeria’s health sector, Mopheth CEO

Kunle Oyegade, group managing director and chief executive officer of Mopheth Pharmacy, one of Nigeria’s leading pharmacies, has rated the pharmacy subsector of the economy as one of the most patronised and relevant health destinations during the Covid-19 inspired lockdown. Oyegade, who made the disclosure during an interview geared at providing advisory to Nigerians in […]

SMEs seek legislation, executive order to streamline taxation

SMEs seek legislation, executive order to streamline taxation

Nigerian trade experts and operators of small and medium-sized enterprises (SMEs) have called for a legislation and presidential executive order to regulate taxation of small businesses to expand their survival rate and capacity for Africa Continental Free Trade Area (AfCFTA).  This, they opined,will strengthen the Nigerian SMEs and prepare them to take advantage of opportunities […]

ASR Africa grants Kwara, Sokoto, Ogun, Edo N10bn for healthcare in expansion plan 

ASR Africa grants Kwara, Sokoto, Ogun, Edo N10bn for healthcare in expansion plan 

Kwara, Sokoto, Ogun and Edo, four Nigerian subregional states are benefitting from a N10 billion healthcare intervention grant through the expansion of the 2021 programme of the Abdul Samad Rabiu Africa Initiative (ASR Africa), founded by billionaire industrialist and founder and executive chairman of BUA Group, Abdul Samad Rabiu.   Ubon Udoh, managing director, ASR […]

Ardova’s 100% takeover of Enyo nears completion

Ardova’s 100% takeover of Enyo nears completion

After announcing five months ago that it has entered into discussions with shareholders of Enyo in a bid to take over its assets, Ardova plc said it has completed the 100 percent acquisition of Enyo Retail and Supply Limited. This was contained in a regulatory disclosure signed by Oladeinde Nelson-Cole and filed at the Nigerian […]