Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Tuesday, November 19, 2019

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

Lagos govt to upscale Imota rice milling plant from 2.5 to 16 metric tonnes per hour

As part of plans to ensure food self-sufficiency, especially through rice production, the Lagos State Government says it is up-scaling the Imota Rice Milling Plant from 2.5 metric tons to 16 metric tons.

The Commissioner for Agriculture, Toyin Suarau, who made the disclosure on Tuesday at a Ministerial Press Briefing to mark Governor Akinwumi Ambode’s second year in office, said the plant would be delivered within one year.

Mr. Suarau said that the plant would be the biggest in Nigeria when delivered and also drive the state’s major goal to scale up food sufficiency from 12 per cent to 25 per cent in three years.
“The ministry is mandated to facilitate sustainable food production, poverty reduction and job creation through several agriculture projects and programmes.

“The major goal of the ministry is to make the state food secured and scale up food self-sufficiency from the current 12 per cent to 25 per cent within the next three years.

“It is part of plans to ensure that the production of Lake Rice and to stop milling rice paddy in other states like Kebbi, Jigawa and Kano states.
“We have begun plans to up Imota rice milling plant from 2.5 metric tons per hour to 16 metric tons per hour within the next one year,” he said.

Mr. Suarau said the project was not rocket science because it took a lot of time to set up since the machines would be imported from outside the country.

The commissioner also said that since the state started sales of the Lake Rice in December 2016, 35,647 bags of 50kg, 32,539 of 25kg and 30,786 of 10kg had been sold.

He added that to boost rice production, 100 farmers through the FADAMA III additional financing programme, rice cultivation had improved from less than one ton to about three tons per hectare in the state.

Mr. Suarau noted that the state was embarking on several initiatives to boost food production in the areas of input supplies, estate initiatives, Agriculture Youth Empowerment Scheme, Rice for Jobs.
Also, Avia-Badagry Farm Service/Entrepreneurship Center and Coconut Development and Commercial Agriculture Development Project are among the initiatives.

Mr. Suarau dispelled the rumour that the sale of Lake Rice had been hijacked by money bags and compelled members of the public to come up with proof for the law to take its course. (NAN)

These are Pictures from the 2.5 million metric tonne rice mill in Imota Lagos. The silos were said to be halfway through completion. This mill will meet and exceed the demand of Lagos and the smuggling-Benin republic combined by early 2020.

See photos:

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

2.5 Million Metric Tonne Rice Mill In Imota Lagos (Photos)

Sunday, November 17, 2019

Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List

Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List

Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List

The report generated from Bloomberg showed that Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years.

Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. 

Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion.

Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world’s biggest online retailer pared the decline. 

The index, which tracks the wealth of the richest 500 people, is updated each trading day after U.S. markets close. Europe’s richest person, Bernard Arnault, is third with $102.7 billion.
Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List
Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List


Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List

Bill Gates Officially Tops Jeff Bezos As Richest Person In The World - See Full List


Thursday, November 14, 2019

Border Closure: Reduced Price Of Rice Set To Hit Market

Border Closure: Reduced Price Of Rice Set To Hit Market

Border Closure: Reduced Price Of Rice Set To Hit Market
Locally produced rice
The producing company of Ogoja Rice, Santuscom Agro-Hub Investment Nigeria Limited, has said it will crash the prices of local brands as it begins harvest at its 1,000-hectare farm in Okpoma, Yala Local Government Area of Cross River State.

FreshReporters News got informed when the Chairman and C.E.O of Santuscom, Chief Paul Santus, spoke with journalists about the farm’s effort to cushion the effect of rising prices of rice domestically as a result of the closure of the land borders.

Chief Santus said the Ogoja Rice brand would sell for N14,000 ahead of the Christmas and New Year celebrations. 

Since the recent closure of land borders by the Federal Government, prices of the commodity have risen to as much as N18,000 to N22,000, depending on which market.

Explaining further, Chief Santus said: 

“We at Santuscom Agro-hub Investment Nigeria Limited, producers of the popular Ogoja Rice brand, are concerned with the skyrocketing prices of rice after the closure of land borders by the Federal Government.

“We want Nigerians to understand the action by the government, and notwithstanding, we want to assure Nigerians that as a company, we will do everything possible before the Christmas and New Year celebrations to crash the prevailing and the current market prices of rice as we will be selling at N14,000 per 50-kg bag of rice anytime from now.

“Everything is ready for us to commence serious production of high quality and stone-free Ogoja Rice that would be very affordable and accessible by consumers in any part of Nigeria.”

Tuesday, November 12, 2019

Dangote Industries Appoints Halima Aliko As GED Commercial Operations

Dangote Industries Appoints Halima Aliko As GED Commercial Operations



Dangote Industries Appoints Halima Aliko As GED Commercial Operations
Halima Aliko Dangote, GED Commercial Operations, Dangote Industries Limited (DIL). 


Leading African business conglomerate, Dangote Industries Limited (DIL), has appointed Halima Aliko Dangote as its Group Executive Director, Commercial Operations.

Halima Aliko Dangote returns to the Group after serving on secondment in several capacities across two of its Business Units over the last five years as well as serving as a Trustee of the Aliko Dangote Foundation, the philanthropic arm of the conglomerate, a statement from the company on Monday read.

Until this appointment, Halima has served as the Executive Director of Dangote Flour Mills where she remarkably led the turnaround of the business from loss in turnover to a profitable status – a feat derived from consistent high performance over time, it noted.

Previously, she served as Executive Director of NASCON, a manufacturer of salt, seasonings and related consumer products, which are enjoying huge patronage among consumers. She continues to serve as a Non-Executive Director of NASCON, the company stated.

“Halima is the president of the Board of The Africa Centre in New York, a uniquely focused centre providing a forward-looking gateway for engagement with Africa, while encompassing policy, business and culture. She is a Board member of Endeavour Nigeria, and is also a member of the Women Corporate Directors (WCD).

“She has over 12 years of professional experience and has held several executive management roles. “In her new role, Halima will be responsible for leading the development and implementation of the Dangote Group’s customer strategy to drive customer growth, improve customer relationship management, enhance customer experience and increase long term customer value,” the statement added.

It stated that Halima will also be responsible for the implementation of the Group’s shared services strategy with specific oversight for the following functions – Commercial, Strategic procurement, Administration and Branding & Communications.

“Halima, who has a strong passion for women empowerment, holds a Bachelors’ Degree in Marketing from the American Intercontinental University, London, United Kingdom and a Master’s Degree in Business Administration from Webster Business School, United Kingdom.

“She has attended a number of high profile leadership development programmes including: the Programme for Leadership Development (PLD) at Harvard Business School; Executive Development Programme at Kellogg School of Management; Finance and Accounting for Non-Financial Executives at Columbia Business School.

“The Dangote Group, which recently emerged as the Most Admired African Brand and the Most Valuable Brand in Nigeria for the second consecutive year (2018 – 2019) is actively involved in manufacturing cement, sugar, salt, flour, poly-products as well as logistics, oil & gas and real estate,” it further stated.

DAILYPOST reports

Saturday, November 9, 2019

Be Inspired!!! Meet 24-Year-Old Law Graduate Who Makes Millions From Aso-Ebi/ Fabrics Business (WATCH VIDEO)

Be Inspired!!! Meet 24-Year-Old Law Graduate Who Makes Millions From Aso-Ebi/ Fabrics Business (WATCH VIDEO)

Be Inspired!!! Meet 24-Year-Old Law Graduate Who Makes Millions From Aso-Ebi/ Fabrics Business (WATCH VIDEO)

This report was sourced from naijaloaded's business edition, on this edition, our presenter Dayo Awesu was at Oshodi Fabrics and Aso-Ebi market to speak with Damilola Adetunji popularly known as "Arike Alaso", NAIJALOADED reports.

Arike Alaso is a 24-year-old law graduate, she started the Aso-Ebi business and a very young age and now she is raking in millions from the business every month.

In this video, the young entrepreneur revealed how she started the business and how she is been able to use social media to modern the Aso-Ebi/Fabrics business to what it is today.
Meet 24-Year-Old Law Graduate “Arike Alaso” Who Makes Millions From Aso-Ebi/ Fabrics Business (WATCH VIDEO)

If you would like to start Aso-Ebi/Fabrics business in future or you have a big party coming up, this video is for you.

You'll definitely enjoy the interview...

Watch Video Below:

Friday, November 8, 2019

Senate To Support $10bn NLNG Investment In Gas Sector

Senate To Support $10bn NLNG Investment In Gas Sector



Senate To Support $10bn NLNG Investment In Gas Sector

The Senate is throwing its full weight behind the 10billion dollars Train seven Project investment in the nation’s gas sector, by the Nigeria Liquefied Natural Gas (NLNG).

It also urged Nigerians to actively participate in the project which would create 10,000 new jobs and expand gas production capacity by 35 per cent.

Senate commendation, followed a presentation by the Managing Director of NLNG Mr Tony Attah, to the Senate Commitee on Local Content.

Chairman of the Committee, Sen. Teslim Folarin affirmed senate’s commitment towards ensuring that Nigerians are active participants in the gas sector.

Folarin in a statement by his Senior Legislative Aid Bamidela Ajibola on Friday said the committee was delighted at the expansion of the nation’s gas capacity from 22MTPA to 30MTPA through the train7 project.

He said the project would be constructed by the SCD consortium, comprising of Saipem, Chiyoda and Daewoo.

Folarin stressed with the foreign direct investment on the project, the gas sector and the nation, stands to witness unprecedented benefit.

He, however, said that NLNG should expect further invitations from the senate given its determination to ensure that the project complies with Local Content laws once the Final Investment Decision (FID) on the TRAIN seven project was signed.

Attah in his remark explained that NLNG was owned by four shareholders, namely the Federal Government, represented by the Nigerian National Petroleum Corporation (NNPC) with 49 per cent, stake; Shell Gas has 25.6 per cent Total Gaz Electricite with 15 per cent and Eni International with 10.4 per cent .

He said NLNG selected the SCD consortium for the Train seven project after a thorough bidding process.

According to him, the SCD consortium will collectively build the seven billion dollars Train seven LNG expansion plant.

Attah said that an additional 3billion dollars worth of investment in upstream gas development would be spent to meet the expected demands of the new capacity.

He said the investment would raise the global profile of Nigeria as the fourth largest exporter of LNG in the world.

He commended the Senate and its Committee on Local Content for the support rendered so far.
NAN

Tuesday, November 5, 2019

(Photos)Apple Officially Launches Iphone 11 In Nigeria With An Exclusive Event

(Photos)Apple Officially Launches Iphone 11 In Nigeria With An Exclusive Event



Apple Officially Launches Iphone 11 In Nigeria With An Exclusive Event
After so much anticipation, Nigeria officially welcomed the iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max into the Nigerian market amidst glitz and glamour in an exclusive event at Oriental Hotel, Victoria Island Lagos, LIB reports.

Hosted by the renowned Joe Hanson, the event witnessed an impressive attendance from iPhone enthusiasts, trade partners, and celebrities. The event opened with a brilliant acoustic performance from Ric Hassani followed by the exciting and energetic dance performance to climax in the grand unveil of the iPhone 11, iPhone 11 Pro and 11 Pro Max which was one the biggest highlights of the night.

What was an even bigger highlight was the feature by feature breakdown of the iPhone 11 family by the iPhone specialists who did an outstanding job of showing us countless reasons why we should all be buying and iPhone 11, iPhone 11 Pro or Pro Max. The Night Mode feature was revealed to guests in a special way.

During cocktails, celebrity photographer, Ayo Alasi took pictures of unsuspecting guests using the Night Mode feature. After the unveil, these images were revealed to the delight of all in attendance.

Then there was the hands-on experience of the iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max by guests. Performances from Adekunle Gold and mixes from the DJ Crowd Kontroller completed the amazing night. This event definitely took everyone to 11.

Let’s break down the magnificence of the new iPhone 11 family, Shall we? It has amazing new features such as the triple-lens camera on iPhone 11 Pro and iPhone 11 Pro Max, Super Retina XDR Displays, 4Dx Spatial Audio, iOS 13 and the A13 Bionic chip.

You can get up to N80,000 worth of value added benefits by purchasing your iPhone 11 from Apple Authorized Resellers in Nigeria. You can also join the iNigeria community and have access to services such as free insurance cover for accidental screen and liquid damage, one year extended warranty, free service by Apple certified engineers, 41 collecting points across Nigeria and many more. Visit http://www.inigeria.org/.

What are you waiting for iNigerians? Lets #TakeItTo11NG


Check out all the amazing photos from the event:









Apple Officially Launches Iphone 11 In Nigeria With An Exclusive Event

Fed. Govt To Make Rice Cheaper, Sufficient Before Christmas

Fed. Govt To Make Rice Cheaper, Sufficient Before Christmas


Fed. Govt To Make Rice Cheaper, Sufficient Before Christmas

The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity.

The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated this in an interview in Makkah, Saudi Arabia.

He stated that the Council was aware of the current high prices of rice, assuring Nigerians that rice would be made available at a cheaper rate.

According to the governor, government is also aware of the activities of some individuals and groups bent on frustrating the new rice policy.

“The good news is that there is a lot of production in the country. All the Millers in Nigeria have enough paddy and farmers are producing and the harvest is coming in strong.

“We believe in addition to market forces, there are some people bent on manipulating the situation in order to exploit bigger revenue, bigger profits and some may even be doing so for the wrong reason.

”They want to truncate policy which is helping the Nigerian economy; which is helping Nigerian millers; which is helping the Nigerian farmers and the Nigerian population.

“We are taking steps to ensure that more rice is taken to markets where shortages can easily be created.

“There is enough production in the country and the National Food Security Council is focused on how to ensure that availability is restored all across the country so that prices will come down reflective of the cost of production,’’ he said.

On the reported loss of about N1 billion by Onion farmers in Kebbi State, Bagudu said government would always respond to farmers’ predicaments promptly.

The governor, however, said that the assessment of the total loss by the farmers had not been completed by relevant agencies.

He disclosed that the federal government had approved N23billion for distribution to States affected by flood disaster this year.

“We have always responded to farmers’ issues or any trade group that has a misfortune, both the State and the Federal Government has been very active in helping.

“You may recall that recently, Mr President approved about N23 billion for states affected by flood which Kebbi is one of them, and this is in addition to our own resources that we mobilise to support our farmers.

“This year’s rainy season is unusual, as of last week there was rain and it’s unusual.

”For the onion farmers they have calculated that the rain will stop by September because when onion is growing there is a point at which it does not desire rainfall, now we have rainfall.

“I’m not sure of the N1 billion lost in terms of quantum because we have not done the assessment but we are always willing and ready to support all our producers especially when they are faced with unforeseen circumstances like this,’’ he said.

It was further noted that Bagudu was on the entourage of Buhari’s official visit to Saudi Arabia which ended on Saturday.

Others governors on the president’s entourage included Prof. Babagana Zulum of Borno and Aminu Masari of Katsina.

Monday, November 4, 2019

$50bn Illicit Outflow Remains Africa’s Big Challenge Says Kenya VP

$50bn Illicit Outflow Remains Africa’s Big Challenge Says Kenya VP


$50bn Illicit Outflow Remains Africa’s Big Challenge Says Kenya VP

Vice President of Kenya, Dr. William Ruto has said the estimated $50 billion annual capital flight from Africa remained a big challenge to the continent.

Ruto who spoke at the Africa Economic Congress in Abuja on Monday said corruption was a major threat to the continent’s economic growth aspirations.

“May I note some of the key hindrances or challenges that threaten our journey to ‘Building the Africa We Want’ Corruption: This is a common challenge among Africa countries.

“It is estimated that Africa loses about $50 billion every year to illicit financial flows out of Africa.”

The Kenyan leader equally identified unemployment and poor and inadequate infrastructure as other factors mitigating against Africa.

He expressed worry that with the youth constituting about 75 per cent of the labour force in most African countries, “tackling unemployment should, therefore, be on top of the agenda of every African country.”

 [SEE REASONS] Federal Government Pledges To Support Dangote Refinery

[SEE REASONS] Federal Government Pledges To Support Dangote Refinery



Mr. Timipre Sylva, the minister of State for Petroleum Resources, has said governments across the world will support a project with the likes of Dangote Petroleum Refinery.
 [SEE REASONS] Federal Government Pledges To Support Dangote Refinery

FreshReporters News gathered that the refinery is set to save the nation $9.9 billion yearly on fuel imports.
Sylva spoke yesterday at the tour of Dangote Petroleum Refinery and Fertiliser plant in Lagos.

The minister said the government was prepared to assist the group to underscore the importance government attached to manufacturing and the need to create an enabling environment for businesses to grow.

He said the Dangote Group is not only a pride for the country, being the second largest refinery in the world, but also for its high-revenue yielding capacity and job creation.

Sylva urged indigenous manufacturers to invest locally to encourage Foreign Direct Investment (FDI) to make Nigeria become an investment destination.

Dangote Group’s Executive Director for Strategy, Capital Projects and Portfolio Development Edwin Devakumar through THENATION said the refinery would not only serve local demands, which stand at 53 million litres per day, but would also export to Europe and other parts of the world, S

He said gas would be utilised for electricity, a sore point for manufacturers, besides other by-products of the refinery used in the petrochemical industry to drive industrialisation.

The director noted that the complexity of the refinery would ensure surplus revenue generation for the country as the company is worth over $12 billion.

Edwin said over 800 engineers had been trained in India and employed by the company.

President of Dangote Group, Alhaji Aliko Dangote, urged the government to provide an enabling environment for the group and similar organisations to thrive.

He said the refinery would produce gasoline, diesel, kerosene and aviation jet that would be surplus for export.