Cocoa Processors Groan Under N50bn Debt, Huge Losses Cocoa processors are currently regretting sinking billions of naira into the cocoa value addition business with little or nothing to show for it even as they face constant harassment from creditors, ANNA OKON writes Cocoa processors in Nigeria...

Stanbic IBTC, Dangote Cement Partners On N50b Commercial Paper Issuance   Stanbic IBTC Capital, and Stanbic IBTC Bank, subsidiaies of Stanbic IBTC Holdings Plc, have partnered with Dangote Cement Plc, Africa’s largest cement producer, to announce the issuance of a N50billion Series 1 and 2 Notes,...

GTBank, Unilever, Stanbic IBTC Drive stocks’ Rebound   The Nigerian equities market returned to a N50bn gain on Thursday, spurred by upticks in Guaranty Trust Bank Plc, Unilever Nigeria Plc and Stanbic IBTC Holdings Plc’s shares. The Nigerian Stock Exchange All-Share Index closed 0.33 per cent higher...

Buhari To Inaugurate N50bn Sugar Mill In Niger State   The Flour Mills of Nigeria Plc said that arrangements were in top gear for the inauguration of its sugar mill, the Sunti Golden Sugar Estate, in Mokwa, Niger state. The mill which is expected to produce 100,000...

BoI Earmarks N50bn For Food Processing Firms The Bank of Industry has announced that it has set aside about N50bn for genuine food processing companies in the country to save the huge foreign exchange being spent yearly on food imports. The Managing Director, BoI, Olukayode Pitan,...