Traditional Chinese medicine makers are expanding their presence in the global markets in a big way, as the government reiterated its support to further strengthen the sector. Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd, the ...
Tags: Traditional Chinese medicine, Overseas Markets, medicine
France's oil giant Total and international trading firms Trafigura and Vitol were among 21 companies handed crude oil term lifting contracts for 2016 by state oil firm Nigerian National Petroleum Corp, NNPC said Thursday. "NNPC issued ...
Tags: Crude Oil, oil trading
Confectionery company Mondelez’s Romanian arm is seeking a buyer to sell its chocolate factory in Poiana, Romania. The buildings and the 13,000sqm land area costs €2.1m, excluding taxes. The factory is located in Brasov. One ...
South African food firm Tiger Brands has withdrawn its financial support to its Nigerian arm Dangote Flour Mills (DFM), after it launched a review of its investment in the pasta and flour maker, which is struggling with losses. Tiger ...
Tags: pasta, flour, Flour Mills
Automotive giant Ford has flagged off F-650/F-750 medium-duty trucks at Ohio assembly plant in the US, which was previously manufactured in Mexico. Ford The Americas president Joe Hinrichs said: "Our investment in Ohio Assembly Plant ...
Tags: Medium-Duty Trucks, pickup truck
Global Consumer Confidence stayed relatively consistent for more than a year, declining one index point in the second quarter to a score of 96, according to global performance management company Nielsen's Consumer Confidence Index Report. ...
Tags: Consumer Confidence, economy
The Nigerian presidency has constituted a special committee to resuscitate the country’s ailing cotton and textile industry, according to newspaper reports in the country. The direction is in line with the campaign promises of ...
Tags: textile manufacture, garment, ailing cotton
Japanese automotive giant Honda Motor has initiated the output of its Accord sedan in the African nation Nigeria, the country on which the company is betting big for the expansion of automobile market in future. Honda's Nigerian unit ...
The National Union of Textiles Garment and Tailoring Workers of Nigeria (NUTGTWN) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture ( NACCIMA) have rejected the lifting of import ban on textile products ...
Tags: Textiles Garment, import ban, textiles products, textile
Small and medium enterprises (SMEs) in Nigeria, including textile and clothing firms, face several challenges—access to finance, rickety infrastructure, patchy energy supplies and security concerns, says a recent Economist ...
Nigeria’s textiles traders are a worried lot over the increasing Chinese footprint in the country. While the proliferation of Chinese-made textiles is a boon for low income consumers, traders in Kano, northern Nigeria’s biggest ...
Tags: textile market, textiles
South African food company Pioneer Foods is planning to buy more assets in African countries following the acquisition of major stake in Nigerian firm Food Concepts. The South African firm, which recently completed the $7m purchase of ...
Tags: beverages, investments, Food
Food Concepts Plc, the Nigerian parent company of Free Range Farms, Butterfield Bakery and Chicken Republic, has partnered with South Africa based Pioneer Foods. Deji Akinyanju, Food Concepts Chairman, said: "The partnership will benefit ...
Tags: Pioneer Foods, Food Concepts, Bakery
Dutch textile and design company, Vlisco Group, has signed a Memorandum of Understanding (MoU) with the Federal Government of Nigeria, to invest in the Cotton, Textiles, and Garment (CTG) sector of Nigeria, Vanguard reported. The MoU ...
Hong Kong has imposed a ban on poultry imports from some regions of Japan, Israel and Nigeria due to H5 avian influenza outbreak. The ban has been imposed on poultry, poultry products and eggs from Okayama prefecture in Japan, Haifa ...
Tags: eggs, meat, Agriculture