Author: Ifetayo Adeniyi

As New CKD Plant Opens In Lagos, Dangote Sinotruk Targets 60% Local Content The President of the Dangote Group, Alhaji Aliko Dangote, has reaffirmed the readiness of one of his companies, Dangote Sinotruk West Africa Ltd (DSWAL), to further raise the level of local content in its vehicles to up to 60 per cent when Ajaokuta Steel Company comes on stream. Alhaji Dangote spoke during the recent commissioning of DSWAL’s completely knocked down (CKD) plant in Lagos. Welcoming the Senate President, Godswill Akpabio, Gov. Babajide Sanwo-Olu of Lagos, the Deputy Senate President, Jibril Barao, Senators and other guests to the…

As NERC accepts 450MW deal to avert Zungeru plant shutdown The Nigerian Electricity Regulatory Commission has approved a deal for the procurement of 450 megawatts of electricity from Zungeru Hydro Electricity Generation Company Limited. The directive, said to have been issued further to the Commission’s Order No. NERC/2024/044 on the “Transmission System Dispatch Operation, Cross- Border Supply and Related Matters” and in the overriding public interest of ensuring continuous improvement in the supply of electricity to Nigerians, was to ensure grid stability and to prevent shutdown of the newly completed Zungeru hydropower plant pending when it gets off-takers. The NERC,…

Life, times and legacies of veteran music promoter Femi Esho Chief Femi Esho, a legendary music promoter and Chairman of Evergreen Musical Company, has died on Monday in Lagos at the age of 77 after a brief illness. His daughter, Bimbo Esho, confirmed his passing, stating, “We announce the passing unto glory of our patriarch, Mr. Samuel Babafemi Esho, popularly known as ‘Baba Esho’ and ‘Baba Musician.’ Baba Esho departed to greater glory on Monday, June 17, 2024, after a brief illness at the age of 77.” Born on October 29, 1946, in Ilesa, Osun State, Femi Esho’s contributions to…

See how Western multinationals fleeing Nigeria are being replaced by Asian and Turkish firms Last week, London-based Diageo Plc sold its controlling stake in Guinness Nigeria Plc to Singapore’s Tolaram Group Inc. The Fouani Group, a local firm, operates a diaper and sanitary pad plant in a complex where Cincinnati-based Procter & Gamble Co. shuttered a $300 million facility making the same products. As US and Europe-based multinationals exit Nigeria, Asian and local companies are stepping in to fill the void. According to Bloomberg, Lagos-based Fidson Healthcare Plc is expanding its manufacturing range after the UK’s GSK Plc closed its…

Osimhen visits his primary school in Lagos with CAF award Nigerian striker, Victor Osimhen, recently visited his alma mater, Olusosun Primary School, in the Oregun area of Lagos State, taking his CAF award with him. Osimhen, in December 2023, won the CAF 2023 Men’s Player of the Year award, becoming the first Nigerian to win the award since Nwankwo Kanu in 1999. His recent visit to the school was disclosed on X.com by a photojournalist, Sulaiman Adebayo, popularly called Pooja. The caption read, “Victor Osimhen takes his CAF Award to Olusosun Primary School, Ojota, where it all started with street…

Lionel Messi reveals player who made him ‘most angry’ Messi recently revealed that Inter Miami will be his last club, even though he is not ready to retire. Argentina legend Lionel Messi has revealed that Sergio Ramos was the rival that made him “most angry” in his career. Messi faced Ramos several times when both players were at Barcelona and Real Madrid respectively. The 36-year-old has now told Abitare about facing the Spanish defender, who eventually became a team-mate at Paris Saint-Germain. “We had many clashes with Sergio Ramos: how many times did I argue…He is the player who made…

Home cooking marathon: Peter Obi celebrates Chef Grace’s new Guinness World Record Obi attended the event on Tuesday morning to celebrate Chef Grace’s achievement. Former presidential candidate, Peter Obi, showed support to Nigerien Chef, Grace Nwaokobia, for breaking the Guinness World Record for the longest home kitchen cooking marathon. The marathon, which began on Friday, saw Chef Grace cook for an impressive 86 hours, surpassing the previous record of 68 hours and 30 minutes. The cooked meals were largely donated to charity, including The Little Saints Orphanage in Ilupeju. Obi praised Chef Grace’s accomplishment on X.com, emphasising the need for…

It’s Not Deep! How deep are the oceans of a deceitful heart? It’s not deep, I was told while in a fix And I drank my cold into six. Honesty, yes honesty clearly speaks in the several voices of a liar. While the truth, yes the truth is a heartburn, a turn off. Run as far as you can! And dip not into the deep simply because many say swim. But, there we go for the bait like fishes do, That sumptuous meal in every dish. #GodsonOsarenren #NaijaPoetryFest #NaijaPoetryFestCommunity #PoetryPicturePrompt #Poetry

How Dangote Is Pioneering Africa’s Energy Transition – Grema Sulaiman As Africa continues to transition towards a more diversified and sustainable economic model, Grema Sulaiman believes as Director General of the Centre for Energy Investment and Innovation (CEII) Aliko Dangote and the Dangote Group role remains pivotal and holds immense potential for continued innovation and growth in Africa. Not only are they reshaping the energy landscape for a just transition in Africa, but they are also inspiring a new generation of African entrepreneurs to think big and act boldly, driven by leaders like Aliko Dangote (GCON) who is committed to…

TotalEnergies Shareholders Reap Rewards: N8.49bn Dividend Approved Amidst Challenging Year L-R: Managing Director,TotalEnergies Marketing Nigeria Plc,Dr. Samba Seye; Chairman, TotalEnergies Marketing Nigeria Plc, Mr Jean-Philippe Torres; Company Secretary/Legal Adviser, Mr Mark Mannola; and Executive Director (Human Resources and Corporate Services), Mrs Olubunmi Popoola-Mordi , during the 46th Annual General Meeting of TotalEnergies Marketing Nigeria Plc held in Lagos . In a resounding show of confidence, TotalEnergies Marketing Nigeria Plc’s shareholders unanimously approved a N8.49 billion final dividend for the 2023 financial year, despite a challenging operating environment. The approved dividend represents N25.00 per share, a testament to the company’s commitment…