Dangote leads Nigeria dollar chase
Nigeria’s hard-currency shortage is forcing companies to get creative in their hunt for dollars. For many, including Dangote Cement Plc, that’s meant a bigger focus on exports. The continent’s largest producer of the building material has about 1,500 trucks hauling cement across the border to Benin, Ghana and Chad to access hard currency, Chief Executive…
Erisco foods boosts military morale with food items worth millions of naira
If only 10% of Nigerians are as patriotic as the military and contribute their quota to National development, we will overcome all these challenges bedeviling our nation including poverty, recession and corruption.
Anxiety over fate of tomato paste industry
With the Central Bank of Nigeria (CBN’s) reluctance to amend its foreign exchange restriction for the importation of certain commodities, value-chain operators in the tomato paste industry ...
Relocating our factory outside Nigeria has been reinforced by fire outbreak – Agbede, Erisco GM
Agbede said the Police and Lagos State Fire Service have begun investigations into the remote cause of the fire outbreak even as he did not rule out sabotage entirely.
Erisco foods decries frustrations as it relocates factory to China
The President/CEO of Erisco Foods Limited, Chief Eric Umeofia, who addressed a press conference in their factory in Lagos, said the company had concluded plans to relocate the tomato processing plant to China
Erisco Foods threatens to suspend operations
Erisco Foods Limited, an indigenous food manufacturing company in Nigeria has threatened to suspend its tomato farming and tomato paste processing operation due to what it alleged ...