News
Dangote Salt Rewards 50 Outstanding Customers with Trucks, Cash Gifts
NASCON Allied Industries Plc, also known as Dangote Salt, has rewarded 50 outstanding customers with Trucks and cash gifts worth billions of naira, for their loyalty and commitment in selling of its various products.
The lucky Distributors and customers were honoured at the seasoning giant’s 2025 Customers Dinner and Awards Night attended by Africa’s foremost industrialist and President of Dangote Group, Aliko Dangote, and Vice President, Olakunle Alake.
NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited, is a Nigerian company and manufacturer of Refined Salt and Dangote Classic Seasonings.
Speaking at the event, Thursday in Abuja, The group President, Mr. Aliko Dangote said the Customer Awards Night publicly acknowledges the company’s core value of Customer Service and aligns with its vision of being a world-class consumer goods company.
The President also commended the company’s Board chairman, management and staff for their unwavering dedication, professionalism, and consistent contributions to the organization’s growth and sustained market leadership.
He noted that their commitment to excellence, operational efficiency, and strong work ethic has continued to strengthen the company’s reputation and drive its long-term success.
He said: “Recognizing customers is not just good relationship management – it is good business. It sends a clear message to our people that customer service is truly one of our core values. Looking ahead, we will continue to invest in brand equity, supply chain efficiency, sustainability, and digital capabilities. But these investments only create value when they are aligned with customer realities. Your continued engagement and feedback remain critical.”
In his speech, Board Chairman of NASCON Allied Industries Plc and Dangote Group’s Vice President, Olakunle Alake said: “As a quoted company, we are accountable to shareholders, regulators and the investing public. But the confidence of thmarketmarket is ultimately rooted in the market performance, and market performance depends on customers who believe in our brands. “
The Board Chairman said from the Board’s perspective, “customer service is not just a core value, it is a strategic asset.”
Mr. Alake described the Awards as a celebration of partnership, adding that success cannot be built in isolation.
The newly appointed Group Executive Director of the Dangote Refinery and Petrochemicals, Fatima Aliko Dangote, expressed her appreciation to customers for their enduring loyalty and continued trust in the brand.
She said this steadfast support has been a cornerstone of the company’s growth and success.
She said: “Each of you has demonstrated outstanding commitment to our brands, whether through sustained volume growth, market expansion, execution excellence, or long-standing loyalty. Your success is inseparable from our own.”
Speaking at the event, Mariya Aliko Dangote, recently appointed Group Executive Director, Commercial (Cement and Foods) at Dangote Industries Limited, noted that each of the award recipients has demonstrated exceptional loyalty and outstanding commitment to the company’s brands.
“I recently assumed the responsibility of our foods business in the capacity of Group Executive Director, Commercial operations, and one truth is already clear to me: our success is built with you and with your unwavering support,” she said.
She said true success is built from the market and feedback from customers.
The Managing Director of NASCON Allied Industries Plc, Aderemi Saka, stated that the central message of the awards night was to celebrate and appreciate the company’s customers, noting that the organization’s success is closely tied to the growth and prosperity of its customers.
Speaking on behalf of the awardees, Ali Balarabe, commended the Board, management, and staff of the company for their exceptional service and dedication.
Mr. Balarabe, who was rewarded with a 20-tonnage truck and cash credit expressed appreciation for the recognition, noting that it reflects the company’s commitment to excellence.
Balarabe further pledged to sustain his loyalty and continued support, promising to remain a steadfast and devoted customer in the years ahead.
Other customers who received truckload awards and cash credits include Alhaji Ibrahim Achida, Muabsa Integrated Services, Fanisau Enterprises, Idris Saleh Nigeria Limited, Sani Adamu Trader, and GIA Global Concept, among others.
News
Report: Nigeria Records N166trn Public Debt
By Yusuf Danjuma Yunusa
The Debt Management Office (DMO) says Nigeria’s total public debt rose to N166.79 trillion as of June 30, 2026.
The DMO published the latest public debt portfolio report on Friday.
The figure represents a 9.4 percent or N14.39 trillion increase from the N152.4 trillion recorded at the end of June 2025.
It also represents an increase of N7.44 trillion or 4.7 percent compared with the N159.35 trillion recorded at the end of the first quarter (Q1) of 2026.
According to the latest report, the debt stock comprises N91.59 trillion in domestic debt, which accounts for 54.91 percent of the total debt stock, and N75.2 trillion in external debt, representing 45.09 percent.
The debt office said domestic debt increased by N11.04 trillion (13.7 percent) from N80.55 trillion recorded in June 2025.
The office said external debt also rose by N3.35 trillion (4.7 percent) from N71.85 trillion in the same period.
According to the DMO, the federal government accounted for N152.77 trillion of the total debt stock, comprising N86.99 trillion in domestic debt and N65.77 trillion in external debt.
On the other hand, states and the Federal Capital Territory (FCT) accounted for the remaining N14.01 trillion — N4.59 trillion in domestic debt and N9.42 trillion in external debt.
In dollar terms, the agency said Nigeria’s total public debt stood at $120.93 billion as of June 30, 2026 — up from $99.66 billion recorded in June 2025.
The DMO said the Central Bank of Nigeria (CBN) official exchange rate of N1,379 per dollar as of June 30 was used to convert the external debt to naira.
News
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
The Nigerian National Petroleum Company Limited (NNPC Ltd) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector.
The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak. The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum to 30 Mtpa.
The FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs. Ima is the fourth major gas project to reach FID under President Bola Ahmed Tinubu, after Iseni, Ubeta and HI.
Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari described it as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.
NNPC Ltd. also commends the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying the model of indigenous operator, international partner and domestic capital is a template for future developments.
In a statement signed by Andy Odeh Chief corporate communications officer of NNPC Ltd. reaffirms its commitment to work with government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.
News
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) thronged the Dangote Group’s pavilion at the exhibition to seek information and clarification on the ongoing Public Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals (DPRP).
The three-day Annual General Meeting (AGM) of the Kano-Jigawa Branch of the Manufacturers Association of Nigeria (MAN), the 54th in the series, ended on Thursday, with the Dangote Group’s representative hosting participants and engaging manufacturers who expressed keen interest in the ongoing Initial Public Offering (IPO) of the Dangote Refinery.
The Dangote Refinery Peoples’ IPO offers Nigerians and other eligible investors an opportunity to buy shares in the Dangote Petroleum Refinery and Petrochemicals, thereby becoming part-owners of one of Africa’s largest industrial projects and participating in its future growth.
The Dangote Refinery IPO runs from 14 September to 13 October 2026.
Dangote Industries Limited is one of the sponsors of the 54th MAN AGM.
Earlier, in his opening remarks, the Chairman of the Manufacturers Association of Nigeria (MAN), Sharada/Challawa Branch, Alhaji Nura S. Madugu, highlighted the mounting burden of multiple taxes, levies and charges on manufacturers, warning that the situation is increasing the cost of doing business and undermining the competitiveness of local industries.
Madugu urged the Kano State and Federal Governments to ease the tax burden on manufacturers and accelerate efforts to harmonise taxes and levies imposed on businesses.
He particularly decried the practice of double and multiple taxation, which he said continued to place additional financial pressure on manufacturers already grappling with high energy costs, inadequate infrastructure, expensive financing, insecurity, foreign exchange challenges and unfair competition from imported goods.
“We are especially concerned about instances of double and even multiple taxation, where the three tiers of government impose what is essentially the same levy under different names and different guises. This practice places our products at a serious disadvantage in their constant competition with imported goods, a disadvantage made worse by the high cost of alternative power supply and the volatility of the foreign exchange rate.
Madugu reminded the meeting of MAN’s enormous contribution to the society and provide employment to thousands of Nigerians, as well as participating actively in tax revenue generation for the country.
“We provide employment to thousands of Nigerians. We participate actively in tax revenue generation for the states and the federation through the deduction of Value Added Tax on our products, the remittance of Pay-As-You-Earn on behalf of our staff, and the payment of Withholding Tax, Education Tax, Tertiary Education Tax, Company Income Tax, and a whole host of other levies too numerous to mention individually. Beyond taxation, we also discharge our Corporate Social Responsibility diligently to the communities in which we operate.
“Even though what we receive in return remains modest, we continue, in strength and in good faith, to serve this nation and to hold up its economy. We do this because we believe in Nigeria and in Kano State. But it must be said plainly,” Madugu added.
In his remarks also, MAN Chairman, Bompai/Jigawa Branch, Mohammed Bello I. Umar, appreciated the association’s members for their resilience, commitment and continued investment in the Nigerian economy despite the difficult operating environment.
He pointed out that the meeting provides the members of the association with an opportunity to reflect on its activities, review the challenges confronting their businesses, acknowledge the progress they have made, and chart a stronger course for the future of manufacturing in the country.
However, he said, the members must acknowledge that manufacturing remains under serious pressure.
He highlighted that the high cost of energy, multiple taxes and levies, inadequate infrastructure, high financing costs, insecurity, foreign exchange challenges and unfair competition from imported goods continue to affect our competitiveness.
“One issue that requires our collective attention is the importation of contraband and substandard goods. These products undermine local manufacturers who invest heavily
“Reliable and affordable electricity remains one of the most important requirements for industrial development.
He however welcomed the ongoing electricity reforms and efforts by the Kano State Government and the State House of Assembly towards establishing a more effective electricity framework for the State.
He called for the swift implementation of reforms that will create a more reliable, competitive and affordable electricity market for industries.
He noted that manufacturers continue to provide employment, generate wealth, support local communities and contribute significantly to government revenue in production, employ Nigerians and comply with government regulations.
“We must therefore stand together and call for stronger enforcement at our borders and markets.
He urged the relevant government agencies to intensify the fight against smuggling, counterfeiting and the importation of goods that compete unfairly with locally
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
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