Advertise with fastmoving.co.za
 
 

NIGERIA NEWS ON FASTMOVING

Subscribe to nigeria

Shoprite Nigeria lauded for promoting cashless transactions

Shoprite Nigeria lauded for promoting cashless transactions

12/04/2019 - 09:13
In a first for the retailer, Shoprite Nigeria was among the winners at this year’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards. read more
Nigeria set to overtake SA as largest maize producer in sub-Saharan Africa

Nigeria set to overtake SA as largest maize producer in sub-Saharan Africa

07/02/2019 - 10:15
Nigeria is poised to overtake South Africa and become the largest maize producer in sub-Saharan Africa (SSA) in the 2018/19 production season, according to Wandile Sihlobo, an agricultural economist at the Agricultural Business Chamber (Agbiz) of SA. read more
Shoprite opens first of its own distribution centres in Nigeria

Shoprite opens first of its own distribution centres in Nigeria

10/12/2018 - 15:15
The Shoprite Group recently opened a new world-class distribution centre (DC) in Lagos, Nigeria. read more
Pick n Pay to enter Nigerian market

Pick n Pay to enter Nigerian market

04/05/2016 - 22:05
26 April 2016 - The lure of Nigeria’s budding consumer market has snared another South African retailer, with Pick n Pay announcing on Tuesday that it would try its luck through a joint venture with Lagos-based AG Leventis. read more
Pick n Pay plans to enter Nigeria as profits rise

Pick n Pay plans to enter Nigeria as profits rise

26/04/2016 - 12:35
Johannesburg - Pick n Pay Stores announced plans to enter Nigeria as it posted a 26% increase in full-year profit after opening 175 new stores. read more
Nigerian red tape prompts Truworths to exit - Nigeria

Nigerian red tape prompts Truworths to exit - Nigeria

19/02/2016 - 13:12
Truworths has pulled out of its Nigerian business citing import restrictions, its chief executive said on Thursday (18 Feb), a sign President Muhammadu Buhari’s attempts to boost local industry are hurting foreign investment. read more
Slowdown hits Guinness Nigeria’s sales - Nigeria

Slowdown hits Guinness Nigeria’s sales - Nigeria

02/02/2016 - 09:31
Lagos - Guinness Nigeria, the country’s second-biggest brewer, said half-year profit fell as an economic slowdown in Africa’s most populous country hurt beer consumption. read more
Tiger pulls out of costly Nigerian unit - Nigeria

Tiger pulls out of costly Nigerian unit - Nigeria

17/11/2015 - 09:50
Tiger Brands said on Monday it would cut funding to its struggling Nigerian venture after nearly R1bn in write-downs. read more
Tourvest Heinemann chooses Axle software from End2End Retail for new duty free stores - Nigeria

Tourvest Heinemann chooses Axle software from End2End Retail for new duty free stores - Nigeria

13/10/2015 - 10:23
When Tourvest Heinemann Duty Free Nigeria opened an excellent duty free store in Murtala Muhammed International Airport, Lagos, as part of its growth strategy into Africa, the company chose Axle Control retail software from End2End Retail to power its operations in the continent’s most lucrative market.  read more
Pepkor to double Nigeria stores to target middle class buyers

Pepkor to double Nigeria stores to target middle class buyers

30/04/2015 - 10:22
Johannesburg - Pepkor, the clothing retailer bought by Steinhoff International Holdings for R68.4bn ($5.7bn) in 2014, plans to double its presence in Nigeria with 10 store openings per year through 2018. read more
Nigeria leads a mobile lifestyle —here is why that matters to brands - Nigeria

Nigeria leads a mobile lifestyle —here is why that matters to brands - Nigeria

05/03/2015 - 11:40
Nigeria, with 125 million mobile subscribers, is not just Africa’s largest mobile market. It is also home to one of the most connected and engaged mobile populations on the continent.  read more
Nestle shareholders suffer 27% dividend decline - Nigeria

Nestle shareholders suffer 27% dividend decline - Nigeria

02/03/2015 - 12:36
Shareholders of Nestle Nigeria Plc will have their final dividend for the year ended December 31 2014 slashed by 27 percent if the amount being proposed by the Board of Directors is approved at the next Annual General Meeting, AGM, in three months’ time. read more
Recovery at Dangote set for delay - Nigeria

Recovery at Dangote set for delay - Nigeria

12/02/2015 - 09:26
The depreciating oil price and Nigerian naira, and postponed presidential elections in the West African country, could delay the recovery of Tiger Brands’ Nigerian business by 6-12 months, CEO Peter Matlare said in a conference call on Tuesday. read more
Tiger Brands’ business widens losses - Nigeria

Tiger Brands’ business widens losses - Nigeria

05/02/2015 - 09:11
Tiger Brands’ Nigerian flour business reported a widened loss of 2.92-billion naira (about R176m) for its first quarter ended December, as currency weakness in the local market offset a 27.5% surge in sales. read more
Drop to 4th in global sorghum market - Nigeria

Drop to 4th in global sorghum market - Nigeria

15/01/2015 - 10:21
Nigeria dropped to fourth position in global sorghum market in 2013 from number one in 2008, as local industries now operate at 40 percent capacity utilisation. Sorghum is a seed crop used in the manufacture of malt drinks, cereals, weaning formulas, biscuits, etc. read more
Tiger learns from mistakes in Nigeria

Tiger learns from mistakes in Nigeria

09/12/2014 - 09:52
Tiger Brands has not been put off buying businesses of scale and its rest-of-Africa strategy has been unaffected by its bad experience in Nigeria, CEO Peter Matlare says. read more
Cadbury Nigeria profit falls 57% - Nigeria

Cadbury Nigeria profit falls 57% - Nigeria

27/10/2014 - 11:48
Lagos - Cadbury Nigeria said on Friday its nine-month pretax profit was 2.39bn naira ($14.54m), down 57% from the same period a year ago, sending its shares tumbling. read more
Making e-commerce work in Africa

Making e-commerce work in Africa

27/10/2014 - 11:40
Payment methods and logistics challenges have made e-commerce in Sub-Saharan Africa (outside South Africa) more talked about than usual. read more
Pally Agro unveils Banga fruits extracts - Nigeria

Pally Agro unveils Banga fruits extracts - Nigeria

15/10/2014 - 10:39
The nation’s culinary market received a big boost recently as Pally Agro announced the introduction of Banga, a canned fresh palm fruit extract, into the market. read more
Consumers relish new Hollandia Yoghurt’s variants - Nigeria

Consumers relish new Hollandia Yoghurt’s variants - Nigeria

14/10/2014 - 09:36
Consumers across the country have applauded Chi Limited for its introduction of three new variants of Hollandia Yoghurt in addition to existing variants in the market. read more
SA economy set to double by 2024, says EY report

SA economy set to double by 2024, says EY report

10/10/2014 - 10:43
Despite short-term challenges, SA’s economy is on track to double in size by 2024 if the dividends offered by increased foreign investment are harnessed, says an EY report. read more
Euro Global Foods rewards outstanding distributors - Nigeria

Euro Global Foods rewards outstanding distributors - Nigeria

07/10/2014 - 09:26
Euro Global Foods and Distilleries Limited, a subsidiary of Sona Group of Companies recently honoured top performers among its distributors across Nigeria at its 2014 Annual Distributors’ Forum held in Lagos. read more
Africa’s 10 biggest economies

Africa’s 10 biggest economies

06/10/2014 - 13:05
Kenya has rebased its GDP measurement year to 2009, boosting its GDP data by 25%, and entering it into the top 10 economies on the African continent. read more
Drinks.ng records 105% growth - Nigeria

Drinks.ng records 105% growth - Nigeria

01/10/2014 - 09:46
Nigeria’s first online, one-stop shop for beverages and alcoholic drinks, www.drinks.ng, has said that it recorded a 105 percent growth within one year of operations. read more
Goldberg supports Ojude Oba Festival - Nigeria

Goldberg supports Ojude Oba Festival - Nigeria

30/09/2014 - 10:22
The Brand Manager of Goldberg, Mr. Mfon Bassey, explained that the decision to support this year’s festival was informed by the brand’s commitment to always identifying with the cultural aspirations of its operating environments. read more
Crown Flour Mills unveils Mama Gold Whole Wheat Meal - Nigeria

Crown Flour Mills unveils Mama Gold Whole Wheat Meal - Nigeria

30/09/2014 - 10:00
In a bid to continually meet the increasing needs of its health-conscious customers, Crown Flour Mills has announced the introduction of its Mama Gold Whole Wheat Meal into the nation’s flour market, even as it rewarded its loyal customers. read more
Flour Mills of Nigeria: Breaking new frontiers in business - Nigeria

Flour Mills of Nigeria: Breaking new frontiers in business - Nigeria

23/09/2014 - 10:44
Flour Mills Nigeria (FMN) is one of very few companies that have stood the test of time since incorporation in 1960, yet competing favourably with its peers in the industry. read more
Agric transformation favours peasant farmers - Nigeria

Agric transformation favours peasant farmers - Nigeria

19/09/2014 - 10:02
The Director General of Unique Farmers Association (UFAN), Chief John Paul Adama, has said that the Agricultural Transformation Agenda (ATA) of President Goodluck Jonathan’s administration is most favourable to peasant rural farmers, as the scheme has eliminated intrigues in the country who deny them of their entitlements. read more
Unilever flags off Sunlight Community Wash campaign - Nigeria

Unilever flags off Sunlight Community Wash campaign - Nigeria

16/09/2014 - 13:13
Unilever Plc is engaging various communities across the country with the Sunlight Community Wash Campaign, promising consumers a clean and fresh wash experience with its 2-in-1 Sunlight Detergent. read more
Group calls for stricter regulation in Nigeria’s brewery industry- Nigeria

Group calls for stricter regulation in Nigeria’s brewery industry- Nigeria

02/09/2014 - 12:17
A consumer advocacy group, Consumer Rights Advocacy Network of Nigeria (CRANN) has called on relevant agencies of government to rise up to the challenge of ensuring a levelled playing field for all players in the nation’s brewery industry. read more
African farmers need support- Nigeria

African farmers need support- Nigeria

02/09/2014 - 12:06
Nigeria’s Minister for Agriculture, Dr. Adesina Akinwumi, has said that African farmers need supports just like the developed countries support their farmers with massive subsidies. read more
Sourcing raw materials locally will create market for farmers- Nigeria

Sourcing raw materials locally will create market for farmers- Nigeria

27/08/2014 - 10:57
The Federal Government has called on companies to source their raw materials locally, as this will create markets for farmers, boost their income, and increase employment. read more
Surge in Africa’s middle class

Surge in Africa’s middle class

25/08/2014 - 10:38
A new Standard Bank study finds that there are 15 million middle-class households in 11 of sub-Saharan Africa’s top economies in 2014, up 230% since 2000. read more
Kimberly Clark engages moms and unveils new products- Nigeria

Kimberly Clark engages moms and unveils new products- Nigeria

21/08/2014 - 09:53
Diaper manufacturer, Kimberly Clark has introduced Huggies Pure & Natural diaper into the Nigerian market, while also engaging mothers in sensitization activities. read more
Bacardi Breezer unveils brand ambassadors

Bacardi Breezer unveils brand ambassadors

13/08/2014 - 14:11
Three promising Nigerian artists, Yemi Alade, Sheyi Shay, and Sean Tizzle have been named brand ambassadors for the newly launched Bacardi Breezer alcoholic drinks. read more
Ceramic market projected to reach $408bn by 2018 globally

Ceramic market projected to reach $408bn by 2018 globally

12/08/2014 - 12:08
Epina Technologies Limited has disclosed that, globally, the ceramics market has been projected to reach US$408 billion by 2018, and that Nigeria currently occupies ninth position among the world’s ceramics consumers. read more
Global giants ogle the African hair-care industry

Global giants ogle the African hair-care industry

12/08/2014 - 11:41
With all the skill of a master weaver at a loom, Esther Ogble stands under a parasol in the sprawling Wuse market in Nigeria’s capital and spins synthetic fibre into women’s hair. read more
Inefficient logistics threatening West African economy

Inefficient logistics threatening West African economy

08/08/2014 - 10:03
The chairperson of Vitafoam Nigeria Plc, Dr. Dele Makanjuola, has stated that inefficient logistics management is threatening West Africa’s economic development. read more
How Chapeau and others divide wine market

How Chapeau and others divide wine market

04/08/2014 - 11:07
The Nigerian wine market, in recent times, has witnessed unprecedented competition from various entrants into the market. read more
IFAD supports cassava flour in bread project

IFAD supports cassava flour in bread project

01/08/2014 - 10:13
The International Fund for Agricultural Development (IFAD) has rolled-out a project to support the inclusion of cassava flour in bread and other confectioneries towards improving food security and the livelihoods of farmers. read more
Nigeria’s packaging industry growing at 12% yearly

Nigeria’s packaging industry growing at 12% yearly

30/07/2014 - 11:23
Nigeria’s packaging industry has accounted for 12 per cent of the $4billion recorded by Middle East and African markets in the last five years, according to a survey carried out by PCI Film Consulting. read more
Seaman’s Schnapps sponsoring Osun Osogbo festival

Seaman’s Schnapps sponsoring Osun Osogbo festival

30/07/2014 - 11:07
Seaman’s Schnapps has concluded arrangements to make this year’s celebration of Osun Osogbo festival a memorable experience for Osun indigenes and visitors.  read more
FirstBank, PayPal partner to encourage online shopping in Nigeria

FirstBank, PayPal partner to encourage online shopping in Nigeria

24/07/2014 - 09:11
FirstBank Limited and global payments provider, PayPal, have announced a partnership to encourage Nigerians to shop online. read more
Nampak looks to buy into African growth

Nampak looks to buy into African growth

14/07/2014 - 10:55
Nampak plans to expand in Nigeria through acquisitions that may exceed its largest takeover deal, as Africa’s biggest maker of beverage cans looks to counter slowing growth in its main South African market.  read more
Smugglers attack Customs officers, destroy patrol vehicle

Smugglers attack Customs officers, destroy patrol vehicle

01/07/2014 - 09:01
The Deputy Comptroller of Customs, Shallangwa Hassan Sule, the Co-ordinator, Customs headquarters Anti-smuggling Task-force, has condemned the brutal attack carried out by suspected smugglers, who also mobilised the youths from Kishi and Igbeti communities. read more
Truworths commits to remain in Nigeria

Truworths commits to remain in Nigeria

27/06/2014 - 14:57
Truworths International was committed to Nigeria and would not follow Woolworths out of the country, South Africa’s largest publicly traded clothing chain has said. read more
Dangote gets $300m facility for refinery construction

Dangote gets $300m facility for refinery construction

25/06/2014 - 11:36
Dangote Industries Limited has secured a $300 million facility from African Development Bank, AFDB, to finance the construction of its crude oil refinery and Greenfield fertilizer manufacturing plant. read more
Nigeria, Iran to establish trade centres

Nigeria, Iran to establish trade centres

24/06/2014 - 13:26
In an effort to develop trade relations between Iran and Nigeria, Iranian Minister of Iindustry, Mine and Trade, and head of Iranian delegation to Nigeria, Engr. Mohammad Nematzadeh, has called for the establishment of trade centres. read more
Inflation to hit double digit by year end

Inflation to hit double digit by year end

20/06/2014 - 12:11
Nigeria’s inflation will rise to double digit by the end of this year, 2014 said, Razia Khan, an Economist with Standard Chartered Bank. read more
Users relieve shopping experience with online shopping

Users relieve shopping experience with online shopping

20/06/2014 - 12:04
The Managing Director of TradeStable, Andrew Hall, has expressed his excitement over the huge patronage of his online shop, Tradestable.com.ng by Nigerians.  read more
American Coast Guard confirms 22 Nigerian port terminals compliant

American Coast Guard confirms 22 Nigerian port terminals compliant

17/06/2014 - 13:48
The United States of America has confirmed that thirteen more port facilities in Nigeria are now fully compliant with the International Ships and Ports Facility Security (ISPS) Code, bringing the total number of compliant port facilities in the country to 22, up from nine since the last assessment. read more
Cost of clearing goods at ports up by 200%

Cost of clearing goods at ports up by 200%

17/06/2014 - 13:32
Clearing agents, operating in the nation’s seaports, have cried out over alleged re-introduction of the controversial benchmark for all imported consignments, saying that the introduction has hiked cost of clearing goods by 200 per cent.  read more
Nigeria & Cameroon sign MoU to remove trade barriers

Nigeria & Cameroon sign MoU to remove trade barriers

13/06/2014 - 09:16
The Standards Organisation of Nigeria (SON) and the Standards and Quality Agency of Cameroon ( ANOR) are set to remove trade barriers, between Nigeria and Cameroon, with the signing of a Memorandum of Understanding (MoU), aimed at promoting standards. read more
Honeywell plans mobile refineries in Nigeria

Honeywell plans mobile refineries in Nigeria

11/06/2014 - 11:11
Honeywell International Incorporated has announced plans to build mobile refineries that can be deployed to volatile places in Nigeria and in regions across the world. read more
UNIDO, German firms partner to reduce food losses in Nigeria

UNIDO, German firms partner to reduce food losses in Nigeria

09/06/2014 - 10:59
The United Nations Industrial Development Organisation, UNIDO, is collaborating with Food Processing and Packaging Machinery, of the German Engineering Federation (VDMA), to reduce the level of post harvest food losses in Nigeria. read more
Metso plans to help Namibia set up oil refinery

Metso plans to help Namibia set up oil refinery

05/06/2014 - 13:04
Helsinki – Finland-based mining company, Metso, has expressed interest in helping Namibia in its endeavour to set up an oil refinery plant. read more
Rand near two-month low as economy weakens

Rand near two-month low as economy weakens

03/06/2014 - 11:09
Johannesburg - The rand was still struggling against the dollar last Tuesday, after falling to two month lows overnight, with the country's weak economic fundamentals denting investor appetite. read more
Nigeria’s retail sector has bright future

Nigeria’s retail sector has bright future

02/06/2014 - 10:01
Phillips Oduoza, the Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, says that Nigeria’s retail sector holds huge potential for growth.  read more
Nigeria’s cocoa output fails to meet expectations

Nigeria’s cocoa output fails to meet expectations

29/05/2014 - 11:07
Cocoa output in Nigeria, the world’s fourth-largest producer, has failed to meet the expected yield owing to heavy rains in the southern growing belt, according to the Cocoa Association of Nigeria. read more
 Dangote group to invest $250m in proposed Sugar factory in Jigawa

Dangote group to invest $250m in proposed Sugar factory in Jigawa

26/05/2014 - 10:59
The chairman of Dangote group, Alhaji Aliko Dangote, is to invest US$250million in the proposed Sugar factory acquired by his company. It is located in Kaugama, the local government area of Jigawa state. read more
Tiger Brands wary of African assets after Nigerian misadventure

Tiger Brands wary of African assets after Nigerian misadventure

26/05/2014 - 10:26
It's investment in Nigeria had taught Tiger Brands not to be hasty when pursuing growth opportunities in Africa, group CE, Peter Matlare, said on Wednesday as the company released its interim results. read more
Manufacturers raise alarm over 2,000 containers trapped in Lagos ports

Manufacturers raise alarm over 2,000 containers trapped in Lagos ports

23/05/2014 - 10:58
Manufacturers Association of Nigeria (MAN) has raised alarm over the fate of about 2000 containers that are currently trapped in various ports in Lagos. The group attributed this development to the faulty implementation of the newly introduced Pre-Arrival Assessment Report, by the Nigeria Customs Service. read more
 Consolidated Breweries declares N1.85 dividend

Consolidated Breweries declares N1.85 dividend

22/05/2014 - 10:48
Shareholders of consolidated Breweries Plc have unanimously approved and applauded management’s recommendation of a total dividend of N917.73 million. This represents N1.85 per 50k share to those who are on the register of members as of April 17, 2014. read more
Nigeria is 4th leading purchasing economy, of luxury goods, in the world

Nigeria is 4th leading purchasing economy, of luxury goods, in the world

14/05/2014 - 11:37
Nigeria has been ranked as the world's 4th leading economy in purchasing of luxury goods, Executive Director of Polo Limited, Ms Jennifer Obayuwana, has disclosed. read more
Nigerian Firm Acquires Ghana’s Brands and Products Ltd

Nigerian Firm Acquires Ghana’s Brands and Products Ltd

08/05/2014 - 11:49
Brands and Products Limited, a marketing communications company, established in Ghana in 2009, has been acquired by Verdant Zeal Marketing Communications, Nigeria. read more
 MasterCard seeks extension of agency banking to rural areas

MasterCard seeks extension of agency banking to rural areas

08/05/2014 - 11:03
Extending agency banking to rural areas of the country has been identified as a critical condition for attracting the informal sector into the banking system. read more
Why we repackaged Trophy —International Breweries

Why we repackaged Trophy —International Breweries

06/05/2014 - 11:35
International Breweries Trophy has undergone a re-packaging campaign in order to keep the brand fresh and appealing to its consumers. read more
 Megacare offers Nigeria’s first online pharmacy

Megacare offers Nigeria’s first online pharmacy

05/05/2014 - 13:18
Taping into the Information and Computer Technology (ICT) that has dragged the world into a global village, the management of Megacare Pharmacy has launched Nigeria’s first online pharmacy and health mart to provide a healthier you, and also bring shopping of its products to your doorstep. read more
Digital divide stalling growth in emerging markets

Digital divide stalling growth in emerging markets

29/04/2014 - 10:51
The World Economic Forum has declared that the increasing digital divide between the connected and the under connected nations across the globe is stalling the progress of emerging and developing nations. read more
Nigerian consumers have appetite for unique, quality products, research

Nigerian consumers have appetite for unique, quality products, research

11/04/2014 - 09:00
Consumer behaviour in Nigeria has revealed some interesting unique traits about the most lucrative market in Africa, a research by Nielsen, world’s leading market research company, has shown.  read more
Shoprite opens in Kano, northern Nigeria

Shoprite opens in Kano, northern Nigeria

11/04/2014 - 08:39
KANO (AFP) – South African retailer Shoprite on Thursday opened its first outlet in northern Nigeria, as part of an aggressive expansion drive and defying wider concerns about security in the region.  read more
Shoprite opens in northern Nigeria

Shoprite opens in northern Nigeria

25/03/2014 - 10:24
Shoprite opened its first outlet in northern Nigeria on Thursday, as part of an aggressive expansion drive and defying wider concerns about security in the region. read more
Nampak opens new plastic closures line in Lagos, Nigeria

Nampak opens new plastic closures line in Lagos, Nigeria

21/02/2014 - 10:00
Nampak has commissioned a new plastic closures line in Lagos, Nigeria. Nampak South Africa has a long-standing strategic partnership with Bericap, Germany who agreed to extend the manufacturing licence to include Nampak Nigeria. The initial product will be closures for still water and will be followed by carbonated soft drink closures. read more
Lenovo eyes West African phone sales

Lenovo eyes West African phone sales

12/02/2014 - 07:34
Lenovo, the largest maker of personal computers (PCs), plans to expand its smartphone business in three West African countries this year as it builds on a surge in demand in Nigeria.  read more
Dangote decries low investment flow to Africa

Dangote decries low investment flow to Africa

04/02/2014 - 09:21
President and Chief Executive of Dangote Group, Aliko Dangote, has decried the negative perception of socio-political situation in African countries, saying it was responsible for the low level of inflow of investment into the continent. He said recently at the World Economic Forum in Davos, Switzerland.  read more
Apapa Mall, Lagos, to be ready in first quater of 2014

Apapa Mall, Lagos, to be ready in first quater of 2014

04/02/2014 - 08:05
Shoppers in Apapa area of Lagos and its environs will soon have their shopping experiences enhanced as Apapa Shopping Mall, being built by Wemabod Estate, a subsidiary of the Odu’a Group of Companies, will be ready for use by the end of the first quarter of the year. read more
SABMiller's $110m expansion in Nigeria

SABMiller's $110m expansion in Nigeria

24/01/2014 - 10:13
Cape Town - SABMiller's Nigerian subsidiary, Intafact Beverages, announced the expansion of its brewery in Onitsha, South Eastern Nigeria, the company said in a statement. read more
Nigeria looks to increase domestic fish production

Nigeria looks to increase domestic fish production

14/01/2014 - 07:37
Minister of Agriculture, Dr Akinwumi Adesina, has said the Federal Government is putting in place policies and programmes to stimulate and stabilise fish production in the country, saying spending huge resources on fish importation is unacceptable to a country with potential and resources capable of producing fish that could feed the world. read more
Nigerian perishable cargo revenue to surpass oil revenue in 10 years

Nigerian perishable cargo revenue to surpass oil revenue in 10 years

07/01/2014 - 10:13
The Minister of Aviation, Stella Adaeze Oduah, has projected that revenue that will accrue from the export of farm produce by Nigerian farmers through the perishable cargo programme would surpass oil revenue in the next 10 years.  read more
Cocoa, Heritage malls to boost shopping tourism in Nigeria

Cocoa, Heritage malls to boost shopping tourism in Nigeria

07/01/2014 - 08:51
The building of shopping malls by the Odu’a Investment Company is geared by the passion to revive, enliven and revitalise the shopping delight and needs of shoppers. The ancient city of Ibadan has joined emerging shopping hubs in Nigeria. read more
Woolworths always listens, says chief

Woolworths always listens, says chief

27/11/2013 - 12:22
According to Woolworths chief executive Ian Moir, the company always listens to what its shareholders say about executive remuneration, “especially those who have issues” with the subject. read more
African business boosts Shoprite sales

African business boosts Shoprite sales

05/11/2013 - 08:42
Johannesburg -Shoprite [JSE:SHP] reported a 10% rise in July-September sales on Monday, helped by a strong showing at its sub-Saharan stores outside its struggling home market. read more
Nigeria inflation hits new five-year low

Nigeria inflation hits new five-year low

20/09/2013 - 09:07
Abuja - Nigeria's year-on-year consumer inflation fell to 8.2% in August, lower than July's 8.7% figure, the statistics bureau said on Tuesday, and touching a new 5-year low. read more
Look & Listen to re-launch digital music store

Look & Listen to re-launch digital music store

09/07/2013 - 08:28
SA music retailer Look & Listen is set to re-launch its digital music store, five months after it halted online purchases on the platform. read more
Foreign investment in SA drops

Foreign investment in SA drops

27/06/2013 - 11:04
Johannesburg - Foreign direct investment (FDI) flows into South Africa decreased by 24% between 2011 and 2012, according to the United Nations Conference on Trade and Development (Unctad). read more
Carrefour teams up with CFAO for African expansion

Carrefour teams up with CFAO for African expansion

03/06/2013 - 09:48
French retail giant Carrefour SA said Wednesday it has teamed up with African distribution company CFAO to expand its presence in Africa, as the grocer seeks to reinforce the global footprint of its name. read more
Imperial takes African logistics leap with acquisition of Nigeria’s MDS

Imperial takes African logistics leap with acquisition of Nigeria’s MDS

14/05/2013 - 08:18
Imperial Holdings has gained a foothold in Nigeria’s fast-growing logistics market with the acquisition of a 49 percent stake in leading Nigerian provider MDS for $26 million (R237m) in cash. read more
Heineken aims to grow African market

Heineken aims to grow African market

14/05/2013 - 08:05
Johannesburg - A thirst for beer among Africa's middle classes is driving the world's biggest brewers to invest on the continent, but getting women to drink the beverage is another matter. read more
SABMiller’s Africa Volume Surges 6% On Additional Capacity

SABMiller’s Africa Volume Surges 6% On Additional Capacity

09/05/2013 - 10:21
VENTURES AFRICA – SABMiller reported in April this year that full year lager volumes in Africa surged 6 percent on the back of additional capacity coming on stream and enhanced availability. read more
Nigeria: ‘Retail Sector Has Witnessed Tremendous Growth’

Nigeria: ‘Retail Sector Has Witnessed Tremendous Growth’

07/05/2013 - 09:40
For the President of DMSRetail West Africa, Joseph Ebata, the retail sector in Nigeria has witnessed a huge growth, despite the challenges bedeviling it. read more
Microsoft pushes for SA mobile growth

Microsoft pushes for SA mobile growth

07/05/2013 - 08:52
London - Microsoft, trying to find growth markets for its mobile products, is projecting that rising demand in South Africa will help it pass BlackBerry and Android and pave the way for further gains on the continent. read more
Nigeria: Fashion outfit, Mr Price, berths in Ibadan

Nigeria: Fashion outfit, Mr Price, berths in Ibadan

06/05/2013 - 10:40
Residents of Ibadan metropolis trooped out enmasse on Wednesday, to have a glimpse of a wear outfit located at the newly opened Odu’a Shopping Mall, along J Allen area, Ibadan, the Oyo State capital. read more
SA, Nigeria set to rev up trade

SA, Nigeria set to rev up trade

06/05/2013 - 07:47
Johannesburg - Nigerian President Goodluck Jonathan and his South African counterpart Jacob Zuma will discuss ways to boost trade between Africa's two biggest economies during talks in Cape Town next week. read more
SABMiller aims for nine-percent rise in African beer sales

SABMiller aims for nine-percent rise in African beer sales

11/04/2013 - 10:28
SABMiller planned to boost beer volume sales in Africa by between 7 percent and 9 percent a year by slashing prices, using more local grains and cheaper packaging, and negotiating better tax terms with governments, the company said yesterday. read more
Nigeria Generates $32 billion From 2012 Tax

Nigeria Generates $32 billion From 2012 Tax

29/01/2013 - 08:18
Nigerian tax administrator, the Federal Inland Revenue Service (FIRS) said during the weekend that it generated 5.007 trillion naira ($32 billion) for the Federal Government in the 2012 fiscal year. read more
Nigeria May Emerge World’s 13th Leading Economy By 2050 – PwC

Nigeria May Emerge World’s 13th Leading Economy By 2050 – PwC

22/01/2013 - 08:42
Nigeria may occupy the 13th position as one of the leading G20 economies in the World by 2050, a report released by international accounting firm, PricewaterhouseCoopers (PwC) has revealed. read more
UAE retailer, Max Fashion eyes growth in Sub-Saharan Africa

UAE retailer, Max Fashion eyes growth in Sub-Saharan Africa

18/01/2013 - 08:56
With about 225 stores in 15 countries, Max Fashion, a premium clothing chain in the United Arab Emirate (UAE) is set to undergo a major expansion spree this year in Africa among other regions. It is particularly shifting its attention to sub-Saharan Africa among other regions in the world. read more
Nigeria inflation hits 4-month high

Nigeria inflation hits 4-month high

18/12/2012 - 07:35
Abuja - Nigeria's consumer inflation rose to its highest in four months in November as the impact of the country's worst flooding in 50 years pushed up the cost of food, data showed on Monday. read more
iStore Opens In Nigeria, Offers Training On Apple Products

iStore Opens In Nigeria, Offers Training On Apple Products

05/12/2012 - 09:47
With the launch of its business in the Nigerian market last week, authorised Apple reseller in Nigeria, iStore has revealed plans to offer free training to customers on Apple hardware and software. read more
 GSK to spend $1bn to lift stakes

GSK to spend $1bn to lift stakes

27/11/2012 - 08:16
GlaxoSmithKline Plc plans to spend more than $1 billion to raise stakes in its Indian and Nigerian consumer healthcare arms, as Britain's biggest drugmaker deepens its emerging markets and non-prescription consumer health footprint.  read more