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Business
Tuesday, 26 June 2012 10:37

Toyota Nigeria Limited unveils new improved Avanza

Published in Business Written by Muyiwa Lucas
Toyota Nigeria Limited unveils new improved Avanza
Toyota Nigeria Limited unveils the new generation Avanza, upping the ante in the compact multi-purpose vehicle segment   The tough operating environment, especially dwindling returns of major players in the automobile sector, has not discouraged Toyota Nigeria Limited, TNL, from introducing new and more sophisticated models into the market. The auto company resorted to this strategy to retain its customers, who now have to make informed choices between buying a vehicle and other pressing needs competing for the little available disposable income.   Andrew Ajuyah, marketing manager, TNL, rightly captured this when he disclosed that, “the market has been very…
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Tuesday, 26 June 2012 10:22

Nigeria Aviation: The Many Lies About Airport Concession

Published in Business Written by Muyiwa Lucas
Murtala Muhammed Airport 2
Five years after commencing full operations, the Federal Airports Authority of Nigeria, FAAN, and the ministry of aviation mount obstacles in the way of the Murtala Muhammed Airport 2, Lagos, thus frustrating the country’s model public private partnership   Murtala Muhammed Airport 2, MMA2, was conceived as a model airport, which dwarfs even the Murtala Muhammed (International) Airport, Lagos. When it was built five years ago, there were hopes, not only within aviation circles, but all over the nation, that it would be a model upon which the country’s infrastructure deficit would be addressed. But controversies, deception, lies, amongst others,…
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Tuesday, 19 June 2012 15:10

Travails of Arunma Oteh

Published in Business Written by Abiola Odutola
Arunma Oteh
Stakeholders are worried that a likely exit of Arunma Oteh, director-general, Securities and Exchange Commission, will pull market major indicators southward   Reactions have continued to trail the temporary exit of Arunma Oteh, embattled director-general, Securities and Exchange Commission, SEC. The board of directors of the commission had sent her on compulsory leave, claiming it would enable them investigate issues arising from the recent probe of the near crash of the capital market by the House of Representatives. A statement by SEC last week read: “The board of the SEC at its 66th meeting held on June 11, 2012, has…
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Wednesday, 13 June 2012 07:57

Dangote Cement: On the March Again

Published in Business Written by Abiola Odutola
Dangote Cement, Obajana
Dangote Cement Obajana commissions two new production lines, increasing its production capacity from five million tonnes to over 10 million tonnes per annum   When Aliko Dangote, president, Dangote Industries Limited, declared that Dangote Cement, Obajana, would soon be among the biggest factories in the world, many thought it was a tall dream. But the company has now inaugurated lines three and four of the Obajana plant, which will contribute about 5.25 million tonnes and three million tonnes respectively to the entire production capacity of the plant. With the new production lines, the Obajana factory, located in Kogi State, now…
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Wednesday, 06 June 2012 11:57

Driving Delta Beyond Oil

Published in Business Written by Adekunbi Ero
Driving Delta Beyond Oil
Things are looking up for the Delta State government in the pursuit of its economic diversification agenda with more and more investors bringing multi-billion naira businesses to the state   For the Delta State government, it was good news last Monday, courtesy of Tony Elumelu, chairman, Heir Holdings Limited and former managing director of United Bank for Africa, UBA. At a recent seminar/exhibition with the theme: Micro, Small and Medium Enterprises as Drivers for Achieving the Goal of Delta Beyond Oil in Asaba, Elumelu announced that he had finalised arrangements with his business partners to establish a $1.4 billion fertilizer…
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Tuesday, 29 May 2012 18:55

Learn Africa Holds AGM

Published in Business Written by Muyiwa Lucas
Fred Ijewere, MD/CEO, Learn Africa; Iwerebon, Chairman, Learn Africa and Taye Sogbesan, MD, Millenium Education
Learn Africa, formerly Longman Nigeria, has declared a 58 per cent growth in its business for the first quarter of 2012. Emeka Iwerebon, Chairman, Learn Africa, at the Pre-Annual General Meeting, AGM held recently, noted that the audited result of the company’s operations for the year ended December 31, 2011, showed that the company posted a turnover of N2.923 billion, which represented an 18 per cent decrease from the results recorded in the previous year.   In spite of this, he said that the company nonetheless achieved a moderate increase of 16 per cent in its Profit Before Tax, PBT,…
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Tuesday, 29 May 2012 13:31

Kwara Is Taking Agric to the Next Level - Abdulfatah Ahmed, Kwara State governor

Published in Business
Abdulfatah Ahmed, Kwara State governor
‘Kwara Is Taking Agric to the Next Level’ - Abdulfatah Ahmed, Kwara State governor, speaks on how his administration is transforming the investment climate in the state. He spoke to Tajudeen Suleiman, associate editor. Excerpts:   Some states and regions desirous of attracting investments are convening investments and agric summit where experts and stakeholders discuss policies and actions. Are you looking in that direction? We are looking forward to ultimately come up with an agric summit. By the time we are able to set up the agric master plan, which will showcase our potential, we will now get prospective investors.…
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Reviving Nigerian Roads

Lafarge WAPCO Growing Profit

Auto Awards Solicits Public Interest

Emerald Beacons on Advertisers

Nigerian Carnival to Hold in UK

Odds Against Power Reforms

Concern Over Poor Services

Signs of Recovery in Capital Market

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Business

Long Walk to e-Dividend

IFC Partners Guinea on Pr

FG Recovers $2 Billion fr

NCC Slams GSM Operators

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A Carnival of Love for Il

A Carnival of Love for Ileso, Edosa

A Lift for the Entertainm

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ENCOMIUM KICKS OFF PLANS

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Nigeria Beat Burkina Faso

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