Yildiz Holding, CEEMEA's largest food company, has brought together its core biscuit, chocolate, and confectionery businesses United Biscuits, Godiva Chocolatier, Ulker and DeMet's Candy Company, to form a new global company, 'Pladis'.
The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe Kachikwu, has said that the NNPC is to be unbundled into 30 profit-making companies with separate Managing Directors.
The oil price has now fallen by more than half since June of last year when the price stood at $110 per barrel. Less than a week into the New Year, it traded at below $50 a barrel, the first time it will be dropping so low since April 2009.
President, Dangote Group, Alhaji Aliko Dangote, has said in a statement, that Nigeri is still ripe with business opportunities, regardless of political uprising, economic downturn and the high cost of prices.
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