Lafarge WAPCO, the cement producer has recorded a 50 per cent rise in its first quarter profit for this year. According to a report sent to the Nigeria Stock Exchange today, Lafarge increased turnover by about N700million, to N23.3 billion. It was N22.6 billion at the same time last year. The company’s biggest performance was [...]
The displaced traders of Alakoro market, Apongbon, Lagos Island have cried out to the government to provide them an alternative place to continue their trade. No fewer than 5,000 traders at the market were displaced while goods estimated at N2 billion were destroyed when government officials led by policemen and military personnel pulled down Alakoro [...]
Traders at the new Balogun Ultra Modern Market which has been an object of litigation has appealed to the Balogun Family for more time to renegotiate their tenancy. The traders were recently sent packing from their shops following the execution of a court judgment which purportedly declared the Balogun Family as the rightful owners of [...]
An independent petroleum marketer has blamed the current kerosene scarcity in the country on the Nigerian National Petroleum Corporation (NNPC) because it is the sole importer of the product. The source, a notable independent marketer of petroleum products, told the News Agency of Nigeria (NAN) that, for now, the NNPC alone could not import kerosene [...]
Traders in Katangowa market have expressed dissatisfaction over the proposed move to relocate the market. Speaking with P.M.NEWS BusinessWeek, Chairman, Okirika Dealers Association, Odus Ikejiobi, said if the move to relocate traders from the market is implemented, it will prevent traders from recouping the huge amount of money invested in erecting shops, make-shift stalls, kiosks [...]
DINGUIRAYE, Senegal(AFP) – High walls protect a Chinese peanut warehouse in central Senegal, where the product is becoming the new “gold” for farmers bypassing local traders to sell to Asia at inflated prices. Beneath an asphalt road leading into the village of Dinguiraye in the west African nation’s “peanut basin”, the shelling factory is an [...]
The government of the western Nigerian state of Ogun has handed a final quit notice to cattle traders and other illegal dwellers at the Isheri-Karra Cattle Market on the Lagos-Ibadan Expressway. The state Commissioner for Environment, Dr Lanre Tejuoso, made this known on Friday during a visit to the market. He said that the notice [...]
