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The 700MW Zungeru hydroelectric power plant reached 47% completion stage, CNEEC-Sinohydro Consortium, the Chinese firm handling the project has said.

The Deputy Project Manager, Mr Xiao Nie, who conducted newsmen on tour to the $1.2bn project site in Zungeru, Niger State, said project,... More...

The Coordinator of natnudO Foods’ broiler out-grower scheme tagged, “natnuPreneur”, Mr. Gbolade Adewole, has said that farmers registered under the six-seven week broiler production scheme, have consistently enjoyed between 7.5 per cent and 15 per cent profit on investment per cycle.

With... More...

A Nigerian startup is developing the first agricultural commodities exchange in Africa’s most populous country to take advantage of the government’s efforts to boost farming output to reduce reliance on oil.

The exchange, Integrated Produce City Ltd., will be located near the southern... More...

As part of efforts to make Nigeria self-sufficient in medicines production and distribution as well as capture new markets beyond the shores of this country and Africa, the Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMGMAN) has concluded plans for the Nigeria... More...

President Muhammadu Buhari has officially pronounced Tomaro Industrial Park, a Free Trade Zone (FTZ), in line with the Federal Government’s effort to industrialise the nation’s economy through building of industrial clusters across the country.

“On behalf of Mr. President and because it... More...

Since March three Nigerian tech start-ups have received $8.35m in seed capital from local and foreign investors: Wi-Fi provider Tzeti ($2.1m), e-commerce start-up Cars45 ($5m) and fintech firm Lydia ($1.25m).

Seed funding is on the rise across the continent, increasing by 16.8% last year... More...

Sugar production in Nigeria has jumped 85.3 percent between December of 2015 and end of 2016, but consumption has also risen by 4 percent, as demand by households and manufacturers remain on the high.
Africa’s most populous country, saw its sugar production in 2016 rise to 25,000 mt, from... More...

NESTLÉ Nigeria Plc, in its financial results for the half year ended June 30, 2017, has declared N16.5 billion profits after tax.

According to the financial result released to the Nigerian Stock Exchange (NSE), the Company delivered huge progress, showing profit after tax of N16.5 billion... More...

A Memorandum of Understanding (MoU) was signed recently by Nigeria Mortgage Refinance Company (NMRC) and Alpha Mead Development Company (AMDC), a Strategic Business Unit of Alpha Mead Group in furtherance of their quest to improve access to quality affordable homes and deepen Nigeria’s mortgage... More...

Nigeria’s federal government on Wednesday signed an agreement with Singapore that would help companies operating in the two countries avoid double taxation in their different bases.
The agreement clearly spells out taxing rights of the two countries in respect of different incomes derived... More...

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