Month: February 2025

Dangote Refinery Reduces Diesel Price, by N55 to N1,020 per Litre

Dangote Petroleum Refinery & Petrochemicals has reduced the cost of its diesel product to N1,020 per litre, down from N1,075 per litre at the gantry price, in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced its diesel price  more than…

Stanbic IBTC Capital Leads Presco PLC’s ₦82.9 Billion Bond Issuance To Drive West African Market Growth

Presco PLC (Presco or the “Company”), has achieved a significant milestone with the successful issuance of its ₦82,896,000,000 7-year 23.75% senior unsecured fixed rate Series I Bonds under its ₦150 billion bond issuance programme (the “Transaction”) with the Securities and Exchange Commission (“SEC”). Stanbic IBTC Capital Limited (“Stanbic IBTC Capital”) acted as the Lead Issuing House on…

FG Commences Tolling Operations on Abuja-Keffi-Akwanga-Makurdi Highway

The Federal Government has officially commenced tolling operations on the newly constructed Abuja-Keffi-Akwanga-Makurdi Highway corridor.. The commissioning of toll collection on the 227.2km road project took place on Tuesday, 4th February 2025 at the toll gate in Garaku, Nasarawa State. Speaking at the event, the Honourable Minister of Works, Sen. David Umahi,  represented by the…

Adiyan Water Works Will Supply 70m Gallons Of Water Daily – Sanwo-Olu

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday expressed satisfaction at the level of work on the Phase II of the Adiyan Water Works project. The governor, who showed his excitement after inspecting the ongoing water project said that it is expected to supply Lagos residents with 70 million gallons of water per day after…

Dangote Refinery Exports Two Cargoes Of Jet Fuel To Saudi Aramco

Dangote Petroleum Refinery recently achieved a significant milestone by successfully exporting two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a leading integrated oil and gas company globally. Saudi Aramco is the official Saudi Arabian Oil Company, which is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.  President of Dangote Group,…

Stanbic IBTC Holdings PLC Successfully Launches Its ₦148.7 Billion Rights Issue

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced the opening of its ₦148.7 billion Rights Issue. The Rights Issue, which opened on 15 January 2025, and closes on 21 February 2025, offers existing shareholders the opportunity to subscribe to 2,944,772,083 Ordinary Shares of 50 kobo each at ₦50.50 per share. The…

natnudO Foods Partners with Edo State to Launch natnuPreneur Seller Scheme Hub & Spoke Model

natnudO Foods, a division of Amo Farm Sieberer Hatchery Limited, has officially launched the natnuPreneur Seller Scheme Hub & Spoke Model in Edo State. This initiative, introduced in partnership with the Office of the Edo State First Lady and Heifer International, aims to empower agripreneurs and smallholder farmers while improving access to affordable animal protein.…

TCC is Required, WAEC Exams Still Free in Lagos, LIRS Clarifies

The Lagos State Internal Revenue Service (LIRS) has reiterated that the provision of FREE West African Examinations Council, WAEC registration for SS3 students in state-funded secondary schools is a vital policy of the Lagos State Government and that free education policy from kindergarten to SS3 is still in operation. This initiative, part of the THEMES…