The current economic recession has generated diverse interest and comments from the clergy, economists, business circle, lawmakers, and even from common men on the streets. Some comments are patriotic and genuine, while some are not rational. To the clergy, the dwindling church collections –...

A leading indigenous local tomato paste manufacturer, Erisco Foods Limited, has made good its threat of shutting down the $150bn plant and relocating its manufacturing base to a location outside Nigeria. The Chief Executive Officer, Erisco Foods Limited, Chief Eric Umeofia, announced that the company...

…May sack 1,500 workers About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to lose their jobs as the firm has shut down its $150m plant in Lagos. The Chief Executive Officer of Erisco Foods Limited, Chief Eric Umeofia, disclosed this...