News
$19bn petrochemicals plant earn Aliko Dangote, award from Afreximbank
President of Dangote Group, Aliko Dangote was on Monday night recognized and given the “Founder of the Year 2023” award by the African Export-Import Bank (Afreximbank) at an award ceremony held by the bank in in Accra, Ghana.
The award was given to Dangote because of his newly opened $19bn petrochemicals plant, which is now the Africa’s largest refinery.
Group Managing Director, Dangote Industries Limited, Olakunle Alake, was in Ghana to receive the award on behalf of Aliko Dangote.
A statement issued by the organisers of the award stated that: “The Pan-African Business and Development Awards were designed to celebrate and recognise the excellence of outstanding organisations and individuals within the African business and finance sectors.
“The evening recognised some leaders in African business, and Aliko Dangote (GCON) won the Afreximbank Founder of the Year in recognition of his extraordinary achievements building one of Africa’s leading industrial groups with a truly pan-African footprint. This comes on the back of the recent official opening of his $19bn petrochemicals plant and Africa’s largest refinery, which received substantial support from Afreximbank.
“Two other greats of industry, the Zimbabwean Strive Masiyiwa and the Togolese Koffi Gervais Djondo were also recognised for their outstanding contributions to African business and industry. Masiyiwa is the founder of Liquid Intelligent Technologies, which has the largest network of fibre optic cables on the continent, Cassava Technologies, and Econet, the largest telecoms and mobile payment operator in Zimbabwe. Djondo helped found Ecobank, the leading African group in terms of footprint, as well as regional airline Asky.
The statement further revealed that telecoms operator MTN and Egyptian business ElSewedy were also given Special Recognitions awards. MTN was recognised for transforming the Africa telecoms sector and ElSewedy for its role in the Africa infrastructure sector. ElSewedy and Afreximbank have built a strong relationship that has seen its group become a true continental champion and part of a consortium of African banks and private sector companies that are building the multi-billion dollar Julius Nyerere Hydropower Project in Tanzania.
Three banks were recognised in the Financial Institutions of the Year category. National Bank of Egypt, First Bank of Nigeria and Coris Bank, an important regional player in West Africa that started off in Burkina Faso, were chosen based on their volume of trade finance facilities they have utilised.
News
Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
Ten people have been confirmed dead in a stampede at the Holy Trinity Catholic Church, Maitama, on Saturday, 21st December 2024, during the distribution of food items to vulnerable and elderly individuals.
The unfortunate incident, which occurred around 6:30 am, resulted in the loss of ten lives, including four children, and left eight others injured with varying degrees of severity. Four of the injured have been treated and discharged, while the remaining victims are still receiving medical attention.
The FCT Police Command, in a statement issued by its spokesperson, SP Josephine Adeh, confirmed the tragedy, extended condolences to the families of the deceased, and wished the injured a swift recovery.
News
Port-Harcourt Refinery Fully Operational- Says NNPC
The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd) has been drawn to reports in a section of the media alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down.
We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC.
Preparation for the day’s loading operation is currently ongoing.
Members of the public are advised to discountenance such reports as they are the figments of the imagination of those who want to create artificial scarcity and rip-off Nigerians.
News
Port Harcourt Refinery Halts Production Less Than a Month After Resumption
Less than a month after the porthacourt appeared to have resumed production, the facility has stopped working.
It was gathered that the lifting of petrol actually stopped last Friday, December 13, as the 18-arm loading bay of the new Port Harcourt refinery was empty.
While about 18 trucks littered the stretch of the busy road leading to the refinery itself, nine trucks were spotted inside the parking yard, while the loading bay was empty.
Journalists who visited the refinery on Thursday, December 19, 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped completely.
The depot, which is usually a beehive of activities where tankers scramble for space at the parking yard, was a shadow of itself with literally no vehicular or human activity relating to operations.
This was after $1.5bn was approved in March 2021 and spent on the rehabilitation of the facility.
The inauguration of the 60,000 barrel per day production capacity plant by the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, on Tuesday, November 26, 2024, was met with celebration and fanfare.
During the re-opening of the facility, there was lifting of petrol to the excitement of the cheering crowd.
However, less than 10 trucks of petrol were lifted that day as against widespread claims that about 200 trucks carried petrol out of the bay.
Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
Port-Harcourt Refinery Fully Operational- Says NNPC
Port Harcourt Refinery Halts Production Less Than a Month After Resumption
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Stampede at Catholic Church in Maitama Claims Ten Lives During Food Distribution
Port-Harcourt Refinery Fully Operational- Says NNPC
Port Harcourt Refinery Halts Production Less Than a Month After Resumption
FG Allocate ₦27bn For Obasanjo, Gowon, Buhari, Others In 2025
Court Renews Order of Arrest Against Mr. Bright Echefu for Allegedly Defrauding BCGNEEDS Company of $651,280.00 USD
Ambition or Betrayal? Senator Barau Jibrin’s Role in Tax Reform Bill
Open Letter To His Excellency The Executive Governor Of Kano State:Need For A Balanced Composition Of Kano State Executive Council
Minimum Wage: Kano Water Board Staff Embark on Indefinite Strike
ASUU Declares Indefinite Strike
NLC Declares One Week Strike
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