FG Plans To Ban Importation Of Vehicles...

Federal Government of Nigeria, according to the guardian news,  has revealed plans to ban importation of vehicles into the country, to encourage local production, even as revival efforts for the nation’s moribund assembly plants were yet to be visible. Sources also said that plans to create three automobile training centers and clusters at Lagos, Nnewi and Kano are on. However, FG did not state the time frame for the vehicle import ban programme.

South African Firm Gains 49 Per Cent Stake In Mr. Biggs...

UAC of Nigeria Plc (UACN), has announced acquisition of 49 per cent stake in UAC Restaurants Limited (UACR), operators of Mr Biggs, by Famous Brands Limited, an investment holding company listed on the Johannesburg Stock Exchange.   Famous Brands is currently the leading quick service and casual dining restaurant operator in Africa. 

[source:The guardian news]

Dangote And Adenuga Again Top Forbes' Ranking...

The globally renowned company, explained that the ranking was based on the value of shares held by the individuals in quoted companies, size and market share of their companies, number of companies they own and its assumed value and the impact of the companies on the Nigerian economy.

Aliko Dangote, Founder of Dangote Group, retained his ranking as the richest man in Africa and richest black man in the world, Mike Adenuga of Conoil, Equatorial Trust Bank and Globacom was ranked second richest Nigerian followed by Femi Otedola of ZENON Oil and Gas; Orji Uzor Kalu of Slok Group; Cosmos Maduka of Coscharis Group; and Jimoh Ibrahim – Nicon Insurance, Global Fleet.

   Jim Ovia of Zenith Bank and Visafone was ranked the seventh richest Nigerian, followed by Pascal Dozie of MTN Nigeria and Diamond Bank; Oba Otudeko of Honeywell Group Nigeria; Sayyu Dantata – MRS Group; Umaru Abdul Mutallab, former Chairman First Bank Plc and Chairman, Mutallab Group; Samuel Adedoyin, Doyin Group; Dele Fajemirokun, Chaiman Aiico Insurance, Xerox Nigeria, Chicken Republic, Kings Guards among others; Cletus Ibeto, Ibeto Group; Raymond Dokpesi, Daar Communication, AIT and Tony Ezenna, Orange Group.

Molade Okoya Thomas, Chairman of CFAO Nig and other six french companies was ranked the 17th richest Nigerian, followed by Ifeanyi Ubah of Capital oil and Gas; Leo Stan Ekeh, Zinox Computer; Fola Adeola –former Group Managing Director of  GTBank and Chief Ade Ojo of Elizade Motors Nigeria Limited.

[source: The Guardian News]