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If Only Industries Could Be Provided With Power, A Lot Of People Will Enjoy — Mrs Adebisi Kuforiji

If Only Industries Could Be Provided With Power, A Lot Of People Will Enjoy — Mrs Adebisi Kuforiji

Mrs Adebisi Kuforiji is the Managing Director/Chief Executive Officer of Hindle Plastics Limited, plastics manufacturing outfit based in Lagos. In this chat with Vanguard, the Abeokuta, Ogun State-born computer scientist-turned-manufacturer, speaks on how she ventured into manufacturing, the challenges, and says getting raw materials is very difficult despite the fact that Nigeria produces oil, their […]

Kenya: Chase Bank Put Under Receivership

Kenya: Chase Bank Put Under Receivership

The Central Bank of Kenya (CBK) has put Chase Bank under receivership for 12 months due to what the regulator termed as unsafe financial conditions. The regulator said the appointment of a receiver manager has been been done in the interest of depositors, creditors and the public. “Chase Bank experienced liquidity difficulties following inaccurate social […]

Fuel scarcity paralyses Lagos, other major cities

Fuel scarcity paralyses Lagos, other major cities

The scarcity of petrol got worse in many parts of the country on Monday despite assurances by the Nigerian National Petroleum Corporation that the situation would improve. Lagos, which traditionally receives more product than other parts of the country, was virtually grounded on Monday as only few vehicles moved about, with many passengers stranded at […]

Interbank rate drops further on increased liquidity

Interbank rate drops further on increased liquidity

The nation’s overnight interbank lending rates fell further on Monday to 4.25 per cent, almost two weeks after it rose significantly to 13 per cent. The overnight placement had risen sharply to around 13 per cent about two weeks ago after the Central Bank of Nigeria withdrew about N400bn from the banking system to meet […]

Africa sugar growers are unprepared for EU import quota end – infrastructure is the killer

Africa sugar growers are unprepared for EU import quota end – infrastructure is the killer

TRADE barriers and poor infrastructure are preventing sugar producers in sub-Saharan Africa from accessing under-supplied regions on the continent as an imminent end to import quotas in the European Union compels them to find new markets. A preferential-access deal with the EU for African, Caribbean and Pacific sugar producers ends in September 2017, potentially depriving the […]

ECA Regional Integration Report Calls for Greater Focus on Human Capital, Science and Technology

ECA Regional Integration Report Calls for Greater Focus on Human Capital, Science and Technology

Addis Ababa — Most African countries agree that regional integration is a goal which they should all aspire to, in order to foster inclusive and sustainable economic growth and development. The report Assessing Regional Integration in Africa VII: Innovation, Competitiveness and Regional Integration (ARIA VII) launched on 2nd April during the African Development Week states […]

2016 Risks Becoming The Year Of All Dangers For Africa

2016 Risks Becoming The Year Of All Dangers For Africa

For the past three weeks, most of the news coming from Africa has been negative. Dramatic images of terrorist attacks in Ivory Coast and Mali played out on TV, as did national elections in Niger, Benin and Congo, held in a climate of popular resentment and very low turnout. However, this is only the tip […]

Saudis to take control of largest U.S. refinery

Saudis to take control of largest U.S. refinery

Click here for video The crown jewel among America’s oil refiners may soon be owned by Saudi Arabia. Saudi Aramco, the state oil company of OPEC’s most powerful player, recently announced plans to take full control of the sprawling Port Arthur, Texas refinery. The Gulf Coast facility is the largest refinery in the U.S. and […]

GE Brings Solar Power to Nigerian Noodle Company

GE Brings Solar Power to Nigerian Noodle Company

GE Collaborating with Tolaram Group to Provide Solar/Diesel Hybrid Power for Local Noodle Factory Project will Reduce Diesel Fuel & Emissions by 18 Percent First Installation of GE’s Solar Hybrid Technology in Africa GE (NYSE: GE)  announced it will supply Northern Noodles Ltd., a subsidiary of DUFIL and Tolaram Group, with solar technology to reduce […]

Panel On Women’s Economic Empowerment Holds First Meeting At UN

Panel On Women’s Economic Empowerment Holds First Meeting At UN

The High-Level Panel on Women’s Economic Empowerment has held its inaugural meeting at the United Nations Headquarters in New York, where the 60th session of the Commission on the Status of Women is underway this month. Addressing a room of prominent leaders from government, business, academia and civil society, Secretary-General Ban Ki-moon said the group […]