September 30, 2016/NSE Today, we announce the completion of the divestment of the GlaxoSmithKline Consumer Nigeria plc Drinks bottling and distribution business to Suntory Beverage & Food Nigeria Limited (SBFN). This follows the recent approvals obtained from the shareholders and the Nigeria Securities & Exchange Commission ( ›EC). Following this […]
Business News
UPDATE 1-Gas shortages turn Nigeria’s Dangote to coal to make cement
September 30, 2016/Reuters (Adds detail on how coal is used in cement production and BUA Group comment on its cement plants) Nigeria’s Dangote Cement has turned to locally-mined coal to fire its cement plants because of gas shortages due to militant attacks on Nigerian facilities and to lower its production […]
New Study shows how TIR, the World’s only Universal Customs Transit System, can Radically reduce Trade Costs in Africa
September 29, 2016/International Road Transport Organisation The International Road Transport Organisation (IRU) (https://www.IRU.org) report, “Transit costs in East and Southern Africa” clearly demonstrates how African countries implementing the TIR Convention can reduce the costs of trade in southern and eastern Africa thus saving billions of dollars and increasing GDP in African […]
