Friday , 28 March 2014
A recent outcry from retailers claiming the government is not utilising the full potentials of the retail sector in Nigeria. Asking for a greater regard for retail in the country’s economic policies and eliminating red-tapped challenges such as low incentives for real estate developers and alleviation of land access procedures and a greater regard for retail in the country’s economic... Read more »
Messrs Rand Merchant Bank (RMB) and Standard Bank are raising the bar in commercial and retail property development, with the launch of an $182-million office complex project in Lagos. Designed by the firm of Stauch Vorter Architects, the A-grade high-rise office towers named “Wings”, is located along the waterfront of the upscale Ozumba Mbadiwe, Victoria Island, in Lagos with estimated... Read more »
Persianas Retail have managed to secure exclusive distribution rights for Nigeria and the time has come for us to officially open our retail store at the Palms Shopping centre. It would be great if you can celebrate this iconic moment with us on this coming Wednesday, the 27th of November 2013 Read more »
Governments at federal and state levels are increasingly realising the huge potentials of tourism to galvanize economy and create new jobs. And at every opportunity, they never fail to share this ‘discovery’ with the Nigerian public. But what actions are being taken by the governments to translate this promise into reality? RECENTLY, Minister of Culture, Tourism and National Orientation, Mr.... Read more »
As part of its strategic growth plan into Nigeria, leading sports and lifestyle brand and Super Eagles technical sponsor, adidas has formally launched its operations and also celebrated its one year anniversary in Nigeria this past Saturday, minutes before the country qualified for her fifth World Cup appearance coming up in Brazil next year. Speaking at the event, Senior Business... Read more »
3INVESTONLINE – Nigeria attracted over N205.4 billion worth of fresh investments into her retail sector in the last two years, the Minister of Industry, Trade and Investment, Olusegun Aganga, has said. The minister, who was speaking at the inauguration of the Retail Council of Nigeria in Abuja, on Monday, identified the retail sector as a major driver of economic growth,... Read more »
Odu’a Investment Company Limited launches Heritage Mall and Cocoa Mall located in the Central Business District of the ancient city of Oyo State The Oyo State Governor, Senator Abiola Ajimobi, who led the representatives of other governors to the inauguration which was witnessed by politicians , captains of industry and royal fathers from Yorubaland, promised to provide conducive environment... Read more »
Actis and Duval Properties start construction of the Jabi Lake Mall this week. Jabi Lake Mall will be Abuja’s one-stop leisure, restaurant and retail destination. Offering the first destination shopping experience for both residents and visitors, it is located just ten minutes from the CBD on the shores of Jabi Lake. Opening in late 2015, the new US$100 million... Read more »
WOOLWORTHS will pull out of its three stores in Nigeria as high rental costs, duties and complex supply chain processes make trading in the West African country “highly challenging”. The company made its first Nigerian investment with two stores launched in Lagos in March 2012, followed by an additional store in Enugu, in October. Despite several attempts to improve performance,... Read more »
Access Bank Plc has earmarked N3 billion ($18.8 million) to support tourism and hospitality in Nigeria, said Obeahon Ohiwereian Executive Director with the bank, The lender joins the league of other investors who have identified tourism – described as a strong alternative to crude oil as a revenue earner – as a key sector to develop in Nigeria. Ohiwerei said... Read more »