June 2024

RAAMP Critical To Achieve Food Security – Coordinator

The National Coordinator of the Rural Access and Agricultural Marketing Project (RAAMP), Engr Aminu Bodinga Mohammed has identified the critical role of rural access roads in accelerating the achievement of food security. Mohammed made the statement during the project’s 7th Joint World Bank and French Development Agency Implementation Support Mission in Abuja. He highlighted the …

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2,659 Youth Corps Members Compete For NNPC Foundation Business Pitch

A total of 2,659 members of the National Youth Service Corps (NYSC) across Nigeria have been pre-qualified for the final phase of the NNPC Foundation Business Pitching Exercise. Billed to hold from July 2nd to 10th, 2024, the exercise is an integral part of the NNPC Foundation’s Financial Literacy Program for Nigerian youths that witnessed …

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NMDPRA Backs Marketers, Denies Importing Substandard Products

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has backed petroleum marketers, denying claims that they are importing substandard fuel into the country. The regulatory body has also asked Nigerians not to panic over the “dirty fuel” allegations made by the Dangote Refinery. This is as fuel marketers under the auspices of the Depot …

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AMCON Rakes In N108bn Profit In 2023

Despite challenging macroeconomic conditions coupled with economic headwinds, Asset Management Corporation of Nigeria (AMCON) said it achieved a triple-digit growth of 212 per cent in its profit from N34.730 billion in 2022 to N108.433 billion in 2023. AMCON in a statement disclosed that fair valuation gains on Eligible Bank Assets (EBAs) increased to N40.9 billion …

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‘Dangote Refinery Fire Contained, Operations Ongoing’

The management of Dangote refinery has confirmed a minor fire incident in the effluent treatment plant of the facility. Our Correspondent reports that a fire broke out yesterday’s afternoon at a section of the refinery located near Lekki, Lagos. Emergency services responded swiftly to contain the incident, and according to initial reports, no injuries have …

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‘Imported Goods Account For Over 80% Of Substandard Goods In Nigeria’

The Standards Organisation of Nigeria (SON), on Wednesday, said imported goods account for over 80 per cent of substandard goods in the country. This was disclosed by the director general of the organisation, Dr Ifeanyi Okeke, while responding to questions from participants at a general sensitisation on PAM scheme in Lagos. Okeke who was represented …

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Dangote Sugar Registers N200bn Multi-instrument Issuance Programme With SEC

Dangote Sugar Refinery Plc said it has registered its N200 billion multi-instrument issuance programme with the Securities and Exchange Commission (SEC). The company made this known through a statement signed by its company secretary/legal adviser, Temitope Hassan released on the Nigerian Exchange. The statement said the registration of the multi-instrument issuance programme represents a significant …

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