For business and economic news from around the world
The Manufacturers Association of Nigeria (MAN) on Friday in Lagos emphasised the need for the CBN to intensify efforts at ensuring seamless transition from old naira to new naira notes.
Manufacturers warn that sales of made-in-Nigeria goods may drop 25% if new naira scarcity persists Read More
Chief Executive Officer, Oduncreamz Confectionery, Odunayo Taiwo, has stressed the need for collaboration among small and medium-sized enterprises (SMEs), stating that such actions produced the best results in a brand.
Oduncreamz opens new outlet in Lagos, commits to delivery of quality products Read More WorldStage Newsonline– The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to educate the public on grey areas with regard to scarcity of the new Naira notes.
New Naira Scarcity: Lagos Chamber wants CBN to do more public education Read More
WorldStage Newsonline– Capital Hotels Plc has announced that the name of its Hotel located at Abuja has been changed from “Sheraton Abuja Hotel” to “Abuja Continental Hotel”.
Sheraton Abuja Hotel rebranded to Abuja Continental Hotel Read More
WorldStage Newsonline– Dangote Industries Ltd. (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tonnes per annum cement plant in Itori, Ogun State.
Dangote, Sinoma sign agreement to build 6Mta cement plant Read More
WorldStage Newsonline– UAC of Nigeria PLC (UAC) announced its unaudited results for the year ended 31 December 2022 with operating loss of ₦1.3 billion compared to operating profit of ₦5.0 billion in 2021.
UAC lists energy, distribution costs among reasons for N1.3b operating loss in 2022 Read More
WorldStage Newsonline– Presco Plc, a Benin City based fully-integrated agro-industrial establishment with oil palm plantations, palm oil mill, palm kernel crushing plant and vegetable oil refining and fractionation plant has released its condensed interim financial statements for the twelve months ended 31 December, 2022 with 11.1% growth in profit for the period to N21.466 billion from N19.320 billion in 2021.
Presco grows profit by 11.1% to N21.47b in 2022 Read More
WorldStage Newsonline– Nigeria’s Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has commended Nigeria Export Processing Zones Authority (NEPZA) for designating willing universities as Special Economic Zones (SEZ)’
NEPZA gets kudos over Special Economic Zones in universities Read More
Prof. Mojisola Adeyeye, the Director-General of National Agency for Food and Drug Administration and Control (NAFDAC), has warned business owners against the use of unapproved business registration number.
NAFDAC warns against use of unapproved business registration number Read More WorldStage Newsonline– Nigeria Export Processing Zones Authority (NEPZA) says it has agreed with Ekiti State Government on two-week deadline to submit technical report on the proposed “Knowledge and Technology Free Trade Zone’’.
NEPZA begins technical study of proposed Ekiti Free Trade Zone Read More