Congratulations to Global Icon Davido on signing a 500 million deal with CIG Motors. He is now officially the brand Ambassador. His fans all over the world, immediate family and his lovely uncle celebrate with him
Gabon President Invites Dangote To Invest In Cement, Fertiliser Production The Chairman Dangote Industries Limited, Aliko Dangote has been invited by President Brice Oligui Nguema of Gabon to invest in cement and fertiliser production in the country, media office of Dangote Group said on Tuesday. The richest Africa man was invited to explore investment opportunities in cement and fertiliser (urea and phosphate). Parts of the statement read: “President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. “The President urged…
𝐅𝐨𝐨𝐝 𝐈𝐧𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲: 𝐑𝐭 𝐇𝐨𝐧 𝐁𝐞𝐧𝐣𝐚𝐦𝐢𝐧 𝐊𝐚𝐥𝐮 𝐈𝐧𝐚𝐮𝐠𝐮𝐫𝐚𝐭𝐞𝐬 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞, As National Assembly Moves To Provide Sucure For Nigerians Food insecurity is a pressing issue that affects millions of people around the world, including in Nigeria. In an effort to address this challenge and prioritize agriculture, the deputy speaker of the House of Representatives, Rt Hon Benjamin Okezie Kalu, recently inaugurated the National Legislative Network on Nutrition and Food Security in Abuja. This committee has been tasked with the responsibility of initiating strategic legislative processes and actions to tackle food and nutritional challenges in the country. During the inauguration ceremony, Rt Hon…
A Decent and Sustainable Palliative to Support Nano and Micro Businesses to Propel the Economy of the State. Governor Alex Otti's Policies and Programs are deliberate and intentional. It is a Revolving Loan Scheme. If you are not a beneficiary this time, you must certainly benefit in the next rounds. Abia money is for Abia People. The number of beneficiaries has just been upgraded to 10,000. Governor Otti will officially launch the Scheme on Thursday, 11th July 2024.
FG Removes Tariffs On Rice Importation, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation The President Bola Tinubu-led Nigerian government has announced measures to tackle the skyrocketing food prices nationwide. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the measures would be implemented over the next 180 days. “A 150-Day Duty-Free Import Window for food commodities which includes; suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.” The commodities the government is prioritising to benefit from this include: Maize, Husked Brown Rice, Wheat…
Dangote Refinery On Track For July Petrol Supply – Official The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has reiterated that the Dangote oil refinery will supply petrol in July as promised. Edwin said this when he took officials of the S&P Global on a tour of the facility over the weekend. According to Edwin, the company aims to catalyse a virtuous cycle of industrial development, job creation, and economic prosperity by harnessing Africa’s abundant crude oil resources to produce refined products locally. He also revealed that “as earlier promised, the company will start the…
Lamentations As DisCos Further Jerk Up Tariff For Band A Customers Electricity Customers have expressed frustration following announcements by Distribution Companies on a further increase in the price of tariff for Band A customers. Trouble started after public notices obtained from some of the utility firms on Wednesday, revealed that the tariff has been increased from ₦206.80 to ₦209.50kW/h. The Eko Electricity Distribution Company (EKEDC) in a notice on its official X handle, @EKEDP seen by Channels Television, said the new tariff takes effect from July 1, 2024. “Dear Valued Customer, Kindly be informed that there has been an upward…
NNPCL Declares State Of Emergency On Crude Oil Production .The Nigerian National Petroleum Company Limited (NNPCL) has declared a state of emergency on crude oil production. According to NNPCL, it is a move towards increasing Nigeria’s crude oil production and growing its reserves. This was contained in a statement by the Chief Corporate Communications Officer of NNPCL, Olufemi O. Soneye, on Tuesday, July 2. The statement reads: “In a move towards increasing Nigeria’s crude oil production and growing its reserves, NNPC Ltd has declared a state of emergency on production in Nigeria’s oil and gas industry. “Group Chief Executive Officer…
Nigerian Man Who Returns $14,000 Sent To Him As Giveaway Rakes In Million A Nigerian youth, Anjola Femi, who returned a sum of $14, 000 (over 21 million) mistakenly credited to his account by a foreign crypto trader has been gifted with financial rewards from the crypto community. As of the time of filing this report, Anjola has been rewarded with over N7.5 million by netizens who were thrilled by his gesture of returning the $14k mistakenly credited to his account. The excited chemical engineering graduate flaunted his crypto wallet, on Tuesday, showing the influx of credit alerts into his…
Shareholders Funds Wiped Out As PZ Cussons Reports N96.4 Billion Net Loss Consumer goods company PZ Cussons has reported a net loss of N96.4 billion for the fiscal year ending May 31, 2024. According to its latest unaudited financial statements, the losses resulted in the company posting a negative equity of N47.2 billion by the end of the fiscal year. PZ Cussons has been grappling with significant macroeconomic challenges that adversely affect its profit margins. Among the key issues cited are high interest rates, exchange rate depreciation, and escalating inflation. These factors have combined to create a tough operating environment…
