Labour braces for strike as talks with FG collapse

16 min

The threat by the organised labour to embark on a strike tomorrow gathered momentum yesterday as the meeting between the federal government and workers failed to agree on the terms for the implementation of the N30,000 minimum wage signed into law on April 18. Following yesterday’s stalemate, both sides are expected to meet again today […]

Olam acquires Dangote Flour Mills in N120bn deal

25 min

By Omobayo Azeez     By paying a whooping sum of N120 billion to Dangote Flour Mills Plc (DFM), Crown Flour Mills Limited (CFML), a subsidiary global food and agri-business conglomerate, Olam International Limited, has acquired DFL. Shareholders of Dangote Flour Mills approved the offer on Monday at a Court Ordered Meeting (COM) meeting held […]

PFAs invests N1.03tn pension funds in banks

1hr

The Pension funds administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed that this amounted to 11.03 per cent of the total pension funds which was N9.36tn in the period under review. As of the end of January […]

There is no hunger in Nigeria – Agric minister

1hr

Sabo Nanono, the minister of agriculture and rural development, on Monday, said Nigeria was producing enough food to feed itself and send to neighbouring countries. He described the cry by some Nigerians of hunger in the land as laughable, insisting that there was no hunger in Nigeria. The minister, who spoke at a press briefing […]

Customs ban exports, imports via land borders indefinitely

1hr

The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders. Hameed Ali, comptroller-general, NCS, who stated this at a press conference in Abuja, also said Niger Republic had placed a ban on export of rice to Nigeria as a result of Nigeria’s border closure. This […]

Hospitality investors eye Accra, Abidjan, Cape Verde ahead of Nigeria for investment in West Africa

4 hrs

Acknowledged as one of the continent’s leading hospitality investment experts, Wayne Troughton of HTI Consulting recently shared unique insights on the top five and bottom five hospitality investment markets in Africa ahead of the 10th annual African Property Investment (API) Summit in Johannesburg. According to Troughton, the top investment hospitality markets in West Africa are […]