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Nestle to Increase Local Sourcing Of Raw Materials: In its drive to ensure that Nigerians have wholesome nutritious meals, especially breakfast, Nestle Nigeria Plc says it will continue to leverage on its Creating Shared Value (CSV) Initiatives to further strengthen the development of local content in its products. Read more

Nigeria Emerging Africa’s Fastest-Growing Hotel Market – Report: Nigeria is fast becoming the African continent’s fastest-growing hotel market and it would take the next five years for that to happen. In a report by PricewaterhouseCoopers (PwC) captioned “Hotels Outlook: 2018-2022,” the expected opening of more hotels in the country will trigger the growth. Read more

Toyota Is Investing $500 Million In Uber At A $72 Billion Valuation As Part Of A Self-Driving Car Partnership: Toyota is going to invest $500 million into Uber at a mammoth $72 billion company valuation, according to a new report from The Wall Street Journal citing people familiar with the matter. The investment will reportedly focus on autonomous vehicle technology. Read more

Nigeria Is Home To Highest Number Of Very Poor People In The World, Says Theresa May: Speaking in Cape Town, South Africa, on Tuesday, May said Africa is home to a majority of the world’s fragile states, and a quarter of the world’s displaced people. She added that Africa has the highest number of poor people in the world, stating that 87 million Nigerians were living below the poverty line of $1 and 90 cents per day. Read more

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