Business

Business

Still Begging For Attention

News Introduction: 
Most industries in Kano State, which closed shop many years ago, are yet to come back to life despite efforts by the government to resuscitate them. - By Bello Fagge

Before now, Kano State could boast of a number of industries both national and multinationals. Such multinational companies that established their presence in the state included: former Lever Brothers, Paterson Zechories, PZ; WJ Bush; AJ Seward; Johnson Wax among others. The state was also a home to Dunlop, Michelin, Haco, Berger Paints and Union Carbide as well as a number of indigenous manufacturing companies. In all, about 158 companies existed in Kano State, which provided jobs for thousands of school leavers and other unemployed.

Ensuring Food Security In Edo

News Introduction: 
The Edo State House of Assembly directs the state government to reactivate state-owned communal farms as part of efforts to reduce crime wave and boost food production. - By Victor Osehobo

Four years after the Edo State government voted the sum of N40.8 million for communal farms in the state as an emergency measure to boost food production in the state the five existing communal farms in the state are comatose, leading to low food production. The farms located in Anegbette, Ikiran-Ile Warrake and Sabo-Ora local government areas were established by the military governor of Edo State, late Maj. Gen. John Mark Inienger.

News Image: 

Cashless Lagos: The Gains, The Challenges

News Introduction: 
Lagos residents are gradually adapting to the recently introduced cashless banking but experts say there are challenges to be sorted out before nationwide implementation . - By Ibrahim Mohammed

Despite pockets of hitches trailing the introduction of the cashless policy in Lagos State, experts are optimistic that the new policy will succeed. They warn however that flaws which characterised its introduction must be tackled before June 2012 when the policy is expected to spread to other parts of the country.

Apostles Of Fuel Subsidy

News Introduction: 
An amalgam of youth associations canvass support for the federal government’s planned full deregulation of the downstream sector of the oil industry. - By Maurice Okafor

Following the public outcry that the recent removal of fuel subsidy attracted from Nigerians and the attendant loss of revenue occasioned by the nationwide strike declared by the Nigerian Labour Congress, NLC, as well as the fact that the youths are often used to protest against any government policy, a group of Nigerians that believe in the full deregulation policy of the downstream sector by the Jonathan administration have embarked on sensitisation of Nigerian youths on the gains and benefits of the policy.

Mega Station, Mega Palaver

News Introduction: 
Commuters and motorists in Makurdi, the Benue State capital, accuse the Nigeria National Petroleum Corporations, NNPC mega station in the state of product diversion and other unwholesome practices. - By Sunday Ogli
News Image: 

Debut Of Abuja Property Plaza

News Introduction: 
An international trade centre majoring in property business opens in Abuja, Nigeria’s capital. - By Eric Anebo

With the founding of Dubai-Abuja International Trade Centre, DITC, in Nigeria, Saraha Properties Limited is set to break the jinx by pioneering the ownership of a world class market infrastructure in Nigeria. The project will be commissioned this February. The world class market infrastructure will be an independent market community where building materials can be sourced.

The Thriving Scraps Metal Business

News Introduction: 
Most unemployed Nigerians are making fortunes from the thriving business of scrap metals and plastic products. - By Ibrahim Mohammed

These days, it is increasingly becoming common to see young men and even women scavenging for used mental containers from refuse dumps for onward sale to scrap dealers. As the unemployment rate escalates, more Nigerians are finding succour in the business hitherto given less attention.

News Image: 

We’ll stand To Gain If Nigeria Is Transformed

News Introduction: 
Being an address delivered by former President of the Senate, Senator Adolphus Wabara at the 10th and 1st Anniversary lecture of Nigerian Newsworld/Nigerian Pilot Newspaper in Abuja, December 2, 2011 Protocols. - By Senator Adolphus Wabara

It gives me great pleasure to join others in welcoming you to this important occasion. We are here today not only to commemorate the 10th anniversary of the Nigerian Newsworld Magazine and the first anniversary of the Nigerian Pilot Newspaper, but also to deliberate on what is generally referred to as “the Nigerian condition." 
Permit me to congratulate the publisher, management and staff of the two publications on their landmark anniversaries, and to wish them more years of outstanding service to journalism and the Nigerian nation. 

News Image: 

Still Beyond The Reach Of Common Man

News Introduction: 
Kerosene scarcity has once again hit most filling stations in the country, forcing consumers to resort to the use of firewood and charcoal as alternative sources of energy. - By Eric Anebo

For some years now, kerosene scarcity has been a recurring issue in Nigeria, despite the fact that the product is produced in the country. Although the official price is put at N50 a litre but the end user, mostly the common man still buys it at between N200 and N250 from the black market. Most filling stations do not have the product. A gallon of kerosene is sold for N800 in some of the retail outlets.

News Image: 

Lokoja New Market: Still A Dull Moment

News Introduction: 
Traders at Lokoja International Market complain of poor patronage nearly one year after the market was open to customers. - By Labaran Tijani

Until Adamu Yusufu lost his valuables in the Lokoja International Market, he was one of the sworn customers of the market. While he went shopping in the market, an unidentified person opened the door of his car, which he parked in the market garage, and made away with some of his property. He said he reported the incident to the police command stationed in the market, but nothing has been done to recover the lost goods. Yusuf’s predicament is one of the stories traders and customers at the market encounter everyday.

Syndicate content