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The WalterSmith Modular Refinery has been commended by Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), for satisfying the nation's energy demands. The Ohaji/Egbema Local Government Area of Imo State's refinery, situated at Ibigwe, generates 600 million liters of various products. After touring the facility alongside Simbi Wabote, the executive secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Lokpobiri spoke to journalists and expressed his happiness with Walter Smith. Finally starting up, the Nigerian refinery produces 600 million liters of fuel and is competitive. The federal government has praised Waltersmith Petroman Oil Limited's modular refinery. The Imo State refinery contributes to the resolution of Nigeria's energy problems. The Walter Smith Modular Refinery is already satisfying the nation's energy demands, generating over 600 million liters of different products and sending out 20 trucks every day, according to Heineken Lokpobiri, the Minister of State for Petroleum Resources…
Davido has become one of the biggest Afrobeat titans of our time as his impact on the music business has grown over time. It's not surprising that major companies like Pepsi have knocked on his door given his talent and notoriety. Davido was contacted by Pepsi on April 2, 2016, and he accepted their alluring offer without hesitation. He was given an incredible $100 million on a two-year deal by the beverage industry, and he has kept coming back to Pepsi ever since. It is understandable why Pepsi could be keen to work with Davido. The "30 Billion Gang," his devoted and devoted followers, are always ready to lend their support to their hero. But it's not just about business; Davido has shown genuine compassion and dedication to his partnership with Pepsi. He regularly appears in their advertisements, bringing his unique style and energy to the brand. This has translated…
EBONYI RICE MILLERS TO SELL A BAG OF RICE AT N32,000.00
Kayode Olorundare Wednesday, 15 November 2023 13:07
Christmas: Ebonyi rice millers announce that there is excess rice, with a 50 kg bag costing N32,000. We are having a bountiful crop. Therefore, the rice miller organization stated, "We anticipate more rice to be available to consumers this season." Nigerian News Agency • November 9, 2023 Rice bags that were utilized as tale illustrations The Abakaliki Rice Mill Owners Association reports that because of the bountiful harvests, there would be plenty of rice available for Christmas. The association's head, Linus Nkwuda, declared on Thursday in Abakaliki that rice yields for 2023 were plentiful. We are having a bountiful crop. Thus, we anticipate that customers will find more rice on the market this season, Mr. Nkwuda said. November 10, 2023, Friday Christmas menu: a 50 kg bag of rice for N32,000; Ebonyi rice millers announce that there is more rice. We are having a bountiful crop. Therefore, the rice miller…
The shortage of vessels resulting from the limitations at the Panama Canal, according to a recent statement from Nigeria Liquefied Natural Gas (NLNG) Limited, is one of the factors driving up the price of liquefied petroleum gas (LPG), commonly referred to as cooking gas. The corporation added that the foreign exchange crisis and oil prices are further issues. NLNG claims that the lack of vessels as a result of the Panama Canal crisis has raised transportation prices, which are then passed along to final consumers. There are now signs that things will worsen, which would make Nigerians' soaring LPG bills even more excruciating. Remember that the NLNG can only provide 40% of Nigeria's needs, meaning that 60% of the country still depends on LPG imports. Perspectives on Panama Canal Limitations An unusual drought that may be made worse by El Nino and climate change is plaguing the Panama Canal.…
It issued a warning after claiming that the business is under investigation for possible money laundering and illicit foreign exchange transactions. The accusation was called "spurious and a rehash of a similar report peddled out of malice by a competitor masquerading as a concerned Nigerian in 2016," according to a statement from DIL. The declaration, which was signed by DIL management, reiterated that foreign exchange for all of its many projects was only obtained through the Interbank Foreign Exchange Market in accordance with CBN authorization. For example, DIL clarified that "Letters of Credit" were established in all of its transactions for the building of the different operating facilities and the acquisition of heavy machinery and supplies necessary for the Dangote Cement plants to begin operations. The Letters of Credit instruments had explicit terms and conditions for payments related to the transactions, which aligned with the International Chamber of…
Flights to the US, the UK, and other countries are approved by United Nigeria. One of the top airlines in the nation, United Nigeria Airlines, has been given permission to operate foreign flights. The airline would conduct international flights to the United States of America, United Kingdom, Netherlands, Italy, Ireland, and the United Arab Emirates (UAE) with the approval of the Federal Ministry of Aviation and Aerospace Development. The approval was given in accordance with the current Bilateral Air Services Agreement (BASA) between Nigeria and each of the countries, according to a letter from the Ministry of Aviation and Aerospace Development dated September 8, 2023, signed by the Director, Air Transport Management, Mr. H.T. Ejiburu, on behalf of the Minister of Aviation and Aerospace Development, Mr. Festus Keyamo. "I am directed to acknowledge receipt of your letter dated August 2, 2023, on the above subject and convey the Honourable Minister's…
In addition to having roughly 15 planes delayed abroad, Air Peace's chairman, Barr. Allen Onyema, said Wednesday that the airline had about $14 million stuck in the Central Bank of Nigeria (CBN). Onyema lamented the ease of doing business in Nigeria in a speech he gave at the Nigerian Bar Association (NBA) Annual Conference, stating local investors encounter several legislative impediments that limit their progress. How can your economy expand while domestic investments are overtaxed? People in the community can find employment thanks to these investments. How do you develop your economy when those in authority view you as an adversary or a competition because they are blinded by their beliefs, which makes doing business challenging?The Central Bank of Nigeria is holding roughly 14 million USD that belong to Air Peace. It is not obscured. About 15 of our planes are also stuck abroad. People would then claim that Nigerian…
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