Business

New Chairman, Aduwawa Livestock Market Promises All Inclusive Administration

Published

5 years ago

January 10, 2021

The newly elected chairman, Aduwawa livestock market, Alhaji Muhammadu Buhari, has promised to run an all inclusive administration without discriminating or treating one person above the other.

He made the promise on Saturday at the swearing in of new executives that will pilot the affairs of the market for the next few years.

According to him, being a Muslim, Almight Allah forbid treating one person above other, adding that great judgement awaits anyone that does that.

He said he will do everything within his power to make sure his people, that is the northerners, that are into livestock business, cohabit with the indigenes peacefully without any crisis.

Cara market (livestock market), Aduwawa

“In this my new position, I want to work hand-to-hand with everybody. I will treat everyone as equal without preference.

“Being Muslim, I know the implication of preferring someone to another, and doing that, God will judge me in the last day, so I will not try that,” he said.

Speaking on some persons who claimed they are landlords of Aduwawa and wanted to demolish their mosque, the new chiarman said if not for the prompt intervention of the Hohen of Aduwawa it would have turned to a full blown crisis.

While thanking the Oba of Benin, and the Hohen for their prompt intervention, Alhaji Muhammadu urged the Hausa community and the indigenes to live as one, stressing that religion crisis will not do the country any good.

The said mosque.

On his part, chairman, Mosque Committee, Alhaji Abdullahi Ibrahim, also promised to make sure peace rain between his people and the host indigenes.

He said his committee is making sure bad persons do not sneak in to cause trouble in the area, adding that to this effect, ID card has been provided for everybody for easy Identification.

He added that there is special ID card for those who sell in the market, and there is another separate one for those who travel to the north to purchase goods and transport them to Benin.

Business

NNPCL Announces Restoration Of Escravos-Lagos Pipeline

Published

5 hours ago

December 30, 2025

Editor

The Nigerian National Petroleum Company Limited (NNPCL) has announced the complete restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State, following the recent explosion on the asset.

The chief corporate communications officer (CCCO) of the nation’s oil company, Andy Odeh, in a statement, said that the pipeline is fully operational, reiterating the company’s resilience and commitment to energy security.

“NNPC Limited is pleased to announce the successful restoration of the Escravos-Lagos Pipeline System (ELPS) in Warri, Delta State.

“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.

“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security. This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.

“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.

“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” the statement read.

Business

Dangote Unveils 10-day Credit Facility For Petrol Station Owners

Published

7 hours ago

December 30, 2025

Editor

The Dangote Group has announced a 10-day credit facility backed by a bank guarantee for petrol station owners and dealers, alongside free direct delivery and other incentives, as part of a new supply arrangement.

The company disclosed this in a statement posted on its official X handle on Tuesday, inviting petrol station operators across the country to register to benefit from the offer.

According to the statement, participating dealers will enjoy “a 10-day credit facility backed by a bank guarantee,” with a minimum order requirement of 5,000 litres.

“Our free direct delivery service will commence soon,” the group said, adding that the offer is open to “all petrol station owners and dealers.”

The Dangote Group further called on operators to register their stations to access the supply arrangement.

“Register your petrol stations today to benefit from our competitive gantry price,” the statement read.

The company also disclosed that petrol supplied under the arrangement will be sold at a gantry price of ₦699 per litre.

For enquiries, the group provided the following contact numbers: 0802-347-0470, 0809-324-7070, 0809-324-7071 and 0203.

The announcement follows a recent petrol price adjustment by the Dangote Petroleum Refinery.

The PUNCH earlier reported that the refinery reduced its ex-depot petrol price from ₦828 to ₦699 per litre, representing a ₦129 cut or a 15.58 per cent reduction.

An official of the refinery, who spoke to PUNCH Online on condition of anonymity, confirmed the adjustment, saying, “The refinery has reduced petrol gantry price to ₦699 per litre.”

The new price reportedly took effect on December 11, 2025, marking the 20th petrol price adjustment announced by the refinery this year.

Business

JUST IN: Otedola Sells Shares In Geregu Power For N1trn

Published

1 day ago

December 29, 2025

Editor

Billionaire businessman, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc.

The Nigerian Exchange, NGX, made this announcement on Monday.

Otedola’s Amperion Power Distribution Company Ltd reportedly held nearly 80 percent of the power generating company.

With this new development, Otedola, Chairman of First Holdco Ltd, parent company of First Bank of Nigeria Plc, will reportedly now concentrate on expanding his interest in the Nigerian banking sector, although he still retains some shares in Geregu.

Otedola is said to currently own 17.01 percent of First Bank — its single largest shareholder since the bank was established in 1894.