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Erisco Foods Shuts Down Nigeria’s Factory, Relocates To China

Erisco Foods Limited has announced the shutdown of its tomato manufacturing business in Nigeria citing an unfavourable operating climate which has escalated operational costs in recent months. President/CEO of Erisco Foods Limited, Chief Eric Umeofia, who addressed a press conference in Lagos on Tuesday said the company had concluded plans to relocate the manufacturing aspect of the business to China from where finished products would be imported and sold to consumers in Nigeria and other parts of the world.  According to him, the decision to shut down the Nigerian manufacturing plant was taken after the expiration of a 30-day ultimatum given by the management of the company to the Federal Government to compel the CBN to make available enough foreign exchange (forex) to assist in the imports of raw materials as well as the requisite equipment needed to keep the manufacturing plants running and also profitable.  The company had also demanded that the Federal Government compe...

[PHOTO] 17 Year-Old Nigerian Girl Breaks Sports Record In Her First Month In A University In India

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A Nigerian, Esther Ruby Daniel studying Amity University, Haryana, India has broken a sports record in the University. The 17-year-old who is a 200 level student in the institution in her first month in the School won a silver medal during All Indian student University games this year. Esther who is from Akwa Ibom state has also won a gold medal in 200 meters and silver medal in long jump on 5th and 6th October respectively. On 14th October, she won another Gold in 100 meters race and a golden cup in her final game. She also won a bronze medal for the university during the 100 meters race with other universities. According to her father, Rev Daniel Thomas, who issued a statement he said his daughter is now a pride to Amity University, Nigeria and Africa. Esther currently has a total of 5 medals and a golden cup to her name. Share on Facebook Share on Twitter

[PHOTOS] Meet The Nigerian Surgeon Who Removed Baby From Mother’s Womb, Operated On Her Tumor & Returned Her Back

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Dr. Olutoye is  the Co-Director of the Texas Children’s Fetal Center and fetal surgery team member, as well as a general pediatric surgeon. Dr. Olutoye received his medical degree from Obafemi Awolowo University in Ile-Ife, Nigeria, in 1988 and his PhD in anatomy from Virginia Commonwealth University in Richmond, VA, in 1996. He and his surgeon partner, Dr. Darrell Cass of Texas Children’s Hospital operated on a 23-week-old baby Little Lynlee Hope suffered from a tumour known as Sacrococcygeal Teratoma and had to be removed from her mother’s womb, operated on and returned back. She healed and continued to grow until she was born again at 36 weeks. He completed his residency in general surgery at the Medical College of Virginia Hospitals, Virginia Commonwealth University, and his fellowship in pediatric surgery at The Children’s Hospital of Philadelphia and the University of Pennsylvania School of Medicine in Philadelphia, Pa. Dr. Olutoye is a...

Solar-Powered Keke In FUTO For His School Project

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custom toolbar custom toolbar A young man from Akwa Ibom state, Ekomobong Finbarr, constructed and defended this solar powered tricycle (Keke) as his first degree project in Electrical Engineering, Federal University of Technology, (FUTO), Owerri. According to reports, the tricycle has no engine, just battery and the solar system and can go 11km without blinking. custom toolbar His Head of Department, Mr. Damian Dike with his colleague Dr. Mrs. Achumba enjoyed the first cruise of the Keke. 4 Likes  2 Shares

Banks’ Profits Rise Despite Recession

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Banks have defied the recession as they continued to post huge profits in their third quarter results. Ten out of 15 quoted banks on the Nigerian Stock Exchange have submitted their unaudited results as of September 2016 where five out of them recorded increases in both their profit before tax and after tax. Within the last quarter under review, the National Bureau of Statistics (NBS) had declared that the Nigerian economy had entered into recession. However some banks have gained huge profits following a major boost from the foreign exchange (FX) revaluation gains. Five out of the 10 banks that declared results so far reported significant gains while the remaining five recorded decline in profits. Collectively, the 10 banks recorded N488.96 billion pre-tax profit as of September 30, from N433.7 billion within the same period in 2015. This shows a N55.26 billion increase. The after tax profit recorded within the period was N484.13bn compared to N357.59bn same period in 2015,...

Meet The Most Powerful Black Man In Britain who is a NIgerian (Tom Ilube)

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custom toolbar custom toolbar custom toolbar TOM ILUBE, founder of the trailblazing African Science Academy, has today (Oct 25) been named the country’s most influential black person on the UK. The British Nigerian topped Powerlist 2017, the annual list of the 100 most powerful people of African and African Caribbean heritage in Britain. Ilube claimed the number one spot for his outstanding work in education where he has demonstrably impacted thousands of lives and for his success in launching several successful technology companies. The philanthropist set up the charity, African Gifted Foundation, to help transform the lives of hundreds of children on the continent. This year, he opened the African Science Academy (ASA), Africa’s first girls-only science and technology school, based in Ghana with young women scientists attending from six countries: Ghana, Nigeria, Ethiopia, Cameroon, Sierra Leone and Uganda. The academy is driving Africa's develop...

Here are 37 reasons why some pageants, beauty queens are less regarded by people in Nigeria (Must Read)

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custom toolbar custom toolbar The need to sanitise the industry is not only important but totally necessary as new owners and some existing brands downplay the pride, integrity and perception of a beauty queen or queens directly or indirectly. History of pageantry in Nigeria dates back to over 50 years ago when commitment, passion, discipline, determination and hardwork are the bedrock of any pageant owner or beauty queens vision. Here are some proven reasons pageantry and beauty queens are less regarded. custom toolbar Read below carefully; 1: Some pageant organisers do not know the core value of a crown as such can no impact on the winners 2: Some pageant Organisers venture into pageantry for gains and business neglecting the fundamental essence of the contest. 3: Some pageant directors flag-Off pageants without considering ge‎tting the prizes or potential leadway to the winners entitlements or attract credible sponsor for that. 4: Some Beauty Q...