Though Golden Sugar Company, a division of Flour Mills of Nigeria plc, commenced operations barely 16 months ago, it has demonstrated resolve to rival other competitors in the industry. Currently, analysts rate its refinery as one of the most advanced in the world, while its Golden Penny Sugar cubes remain among the best in Africa, in terms of adherence to the stipulations of both local and international health institutions such as the Standards Organisation of Nigeria (SON), the National Agency for Food and Drug Administration and Control (NAFDAC), and the World Health Organisation (WHO).
Updated 5 Years ago

Nigeria’s rebased Gross Domestic Product (GDP) which currently stands at $509.9 billion will significantly rise in the future when operators in the retail, insurance and health industry leverage on the full potentials available in their sectors, analysts have said. Speaking at the TBWA Magna Carta symposium recently held in Lagos, the analysts say while opportunities abound in the economy, brands should desist from seeing the opportunities from the huge population’s perspective insisting that consumers are not just about numbers but about the ability of brands to offer products and services that create values to consumers.
Updated 5 Years ago

A report has predicted that the contributory pension fund will rise to N6.9 trillion before the end of 2015. It also said that the number of savers on the contributory pension scheme would increase by 9.8 per cent to about 6.5 million by the end of 2014. In addition, the report projected a growth of 9.9 per cent to 7.14 million pension savers by the end of 2015.
Updated 5 Years ago

The Central Bank of Nigeria (CBN) has restated its commitment towards building a resilient financial sector. The CBN Governor, Mr. Godwin Emefiele, made this known during the 14th annual Risk Managers Association of Nigeria (RIMAN) national conference themed: “Risk Regulation and Financial Sector Stability in Nigeria,” in Lagos at the weekend.
Updated 5 Years ago

FirstBank of Nigeria Limited has successful issued a $450 million tier-2 Eurobond, THISDAY learnt at the weekend. The debt instrument with a seven-year tenor has a call option after five years. According to a reliable industry source, the Eurobond also has a coupon of eight per cent and 8.25 per cent yield to maturity.
Updated 5 Years ago

Worried about their safety and the determination to ensure that they do not back down on the impeachment plot against the Nasarawa State Governor, Alhaji Tanko Al-Makura, by the state House of Assembly, THISDAY gathered that some presidency and Peoples Democratic Party (PDP) officials have facilitated the relocation of the state deputy governor, Damishi Luka Barau, the Speaker and 20 members of the Assembly to a private home in Abuja.
Updated 5 Years ago

As the National Conference awaits its August 4 resumption date to consolidate and reconcile its report, there are alleged clandestine moves by some northern delegates to stall the report of the conference when it is eventually submitted to the National Assembly. The conference was abruptly adjourned till August 4 due to the inability of the delegates to reach a consensus on resource control, stabilisation fund for the development of solid minerals and rehabilitation of places experiencing violence, especially in the North-east region.
Updated 5 Years ago

The Conference of Nigerian Political Parties (CNPP) has asked President Goodluck Jonathan to use his good offices to stop the ongoing medical doctors’ strike which started on July 1. A statement issued by its National Publicity Secretary, Mr. Osita Okechukwu, urged the president to save lives and stop the Nigeria Medical Association’s (NMA’s) strike by adequately funding the medical sector, and correcting the imbalance therein.
Updated 5 Years ago

In his new book, Smart People Should Build Things (HarperBusiness, 2014), the "recovering lawyer" and founder ofVenture for America Andrew Yang offers up his opinion on how our country can rectify our current economic problems – have smart people build things. His book delves into an innovative model on how entrepreneurs and our youth can launch small businesses and revolutionize industries. Yang also touches on what policy makers and individuals looking for jobs should do to ensure entrepreneurship is both attainable and realistic.
Updated 5 Years ago

Getting rich and becoming a millionaire is a taboo topic. Saying it can be done by the age of 30 seems like a fantasy. It shouldn’t be taboo and it is possible. At the age of 21, I got out of college, broke and in debt, and by the time I was 30, I was a millionaire.
Updated 5 Years ago