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Anchor Insurance Holds 34th AGM in Lagos

L-R: Mr. Adebisi Ikuomola (Executive Director, Technical), Mr. Akinola Taiwo (Director), Mr. Ben Udowa (Chairman), Dr. Ebose Augustine (MD/CEO), Mr. Ime Umoh (Company Secretary/Legal Adviser) and Mr. Chris Attah (Director) at Anchor Insurance Company Limited 34th Annual General Meeting at the Company’s Head Office in Lagos.

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Chinese Dominance Worries Nigeria’s Textile Traders

Nafiu Badaru, a junior civil servant in northern Nigeria's biggest city Kano, doesn't make much money and it takes some cash to look good so he tends to buy Made-in-China fabric."A piece of high-quality brocade (cloth) costs around 10,000 naira ($50, 47 euros), which is way too expensive for me," he told AFP. "With the same amount of money, I can buy six pieces of cheap Chinese brocade which cost only 1,500 Naira a piece and still keep some change."The proliferation of Chinese-made textiles is a boon for consumers like Nafiu, with Kano and the wider North struggling with unemployment and economic constraints. Click here to make a lazy tweet.
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