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The Franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry gourmet frozen yoghurt, Eat n’ Go Limited, has announced the opening of its 100th outlet in Nigeria.
Speaking at the unveiling in Lagos recently, the Chief Executive Officer, Eat n’ Go Limited, Patrick McMichael, said the 100th store was a reflection of the firm’s commitment to bringing quality and innovative food products to Nigeria’s quick service restaurants, while also becoming the premier dynamic and unique food operator in Africa… More details through: https://punchng.com/firm-invests-n10bn-in-nigeria-opens-100th-outlet
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The Federal Government has expressed concern over the $11million (N4billion) plus spent yearly on the importation of diaper, sanitary pads, wipes and napkins into the country, describing it as unacceptable.
The Ministry of Industry, Trade and Investment, at a validation meeting, yesterday, on the Draft National Industry Policy, in efforts to encourage local production and stem capital flight, said increased productivity will meet local demand and export purposes, job creation, and economic boost through government industrialisation drive… More details through: https://guardian.ng/business-services/fg-decries-n4bn-spent-annually-on-importation-of-diaper-others The Italian government on Tuesday announced its readiness to invest in Nigeria’s transportation sector. It also said it would concretise the move to bring Italian companies to Nigeria through the public private partnership platform.
The Italian Ambassador to Nigeria, Stefano Pontesilli, disclosed this when he led a delegation to the headquarters of the Federal Ministry of Transportation in Abuja. He was quoted in a statement issued by the Head, Press and Public Relations, FMOT, Mohammed Idris, as saying, “It is very important for us to have a high calibre of delegation in order to collaborate with the Nigerian government in the area of transportation.”… More details through: https://punchng.com/italy-set-to-invest-in-nigerias-transportation-sector/ The Team Lead, West and Central Africa, Ministry for Foreign Affairs of Finland, Jussi Nummelin, says Finland exported €35m worth of goods to Nigeria in 2018. Speaking with our correspondent on the sidelines of the World Circular Economic Forum 2019 in Finland on Wednesday, he said the export to Nigeria majorly comprised industrial goods as well as power and telecommunication equipment…
More details through: https://punchng.com/finlands-commodity-exports-to-nigeria-hit-e35m/ Transcorp Hilton Abuja has been recognised as Nigeria’s Leading Hotel for the seventh consecutive year, and Africa’s Leading Business Hotel for the fifth consecutive year at the prestigious World Travel Awards held in Mauritius earlier this month.
At the 2019 Africa & Indian Ocean Gala Ceremony, Transcorp Hilton scooped five of eleven awards won by Hilton properties, as voted for by travel and tourism professionals globally… More details through: https://www.thisdaylive.com/index.php/2019/06/09/transcorp-hilton-wins-africas-best-business-hotel-for-5th-consecutive-year/ The value of total imports into the country rose 3.39 per cent in first quarter of 2019 compared to fourth quarter of 2018, and by 25.84 per cent over the corresponding quarter of 2018. The National Bureau of Statistics revealed this in its ‘Foreign trade in goods statistics’, released on Friday. It also revealed that the total trade grew by 2.50 per cent in Q1, 2019 compared to Q4, 2018, and 7.52 per cent relative to the corresponding quarter in 2018…
More details through: https://punchng.com/nigerias-total-imports-rise-by-25-84-in-one-year/ The National Bureau of Statistics (NBS) said the country recorded a total trade value of N8.2 billion for the first quarter of 2019, representing a growth of 2.50 per cent when compared to the previous quarter, (fourth quarter, 2018).
The NBS said this in its Foreign Trade in Goods Statistics for First Quarter of 2019 posted on its website today. The bureau said the volume of total merchandise trade in the first quarter of the year grew marginally by 7.52 per cent when compared to the corresponding quarter in 2018.”… More details through: https://www.premiumtimesng.com/business/business-news/333836-nigerias-foreign-trade-up-by-2-50-in-2019-nbs.html The Nigerian multi-billion-naira sport betting industry is growing astronomically to confirm a 2016 report of PwC, which projected that the industry would grow at an annual rate of 16 per cent each year to $147 million in 2019. Raheem Akingbolu writes on the new culture of betting and its impact on the nation’s economy
Four things have helped the nation’s betting industry to soar in the last five years – economic instability, increasing sports culture, large population and the unbridled growth in internet penetration and widespread use of mobile phones. Specifically, the online gambling industry has flourished in recent years, adapting their brick-and-mortar presence to the internet scene, and spawning popular sites such as Bet9ja, Merry bet or Nairabet… More details through: https://www.thisdaylive.com/index.php/2019/06/06/examing-growing-culture-of-sports-betting The German government, with support from the Bill and Melinda Gates Foundation, has provided €2m for the implementation of the second phase of the Competitive African Rice Initiative in the country.
The Programme Director of CARI, Mr Jean-Bernard Lalannehe, disclosed this on Wednesday to newsmen in Abuja. Lalannehe said the second phase of the project known as CARI-2, would be implemented in Kebbi, Kaduna and Jigawa states… More details through: https://punchng.com/german-govt-invests-e2m-in-nigerias-rice-production/ Azuri Technologies plans investing $26 million on production of solar energy in Nigeria, its Chief Executive officer, Simon Bransfield, has said.
He said the firm is investing the money in conjunction with Fortune Global 500 Company Marubeni Corporation, FTSE 250 Company IP Group plc and others, adding that the development would help in improving the growth of solar market in the Nigeria and other countries in West Africa… More details through: https://thenationonlineng.net/firm-to-invest-26m-equity-on-solar |
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