Business

Global Cement Giant, Holcim Exits Nigeria to Focus on High-Growth Regions, Sells Stake to Chinese Firm for $1 Billion

By The Insight Team December 2, 2024 19 0

By Emmanuel Kwada In a significant move, Swiss cement and building materials manufacturer Holcim has announced its exit from Nigeria after 65 years of operation. The company has signed an agreement to sell its 83.8% stake in Lafarge Africa Plc to China’s Huaxin Cement for $1 billion. Holcim’s decision to exit Nigeria is driven by […]Continue Reading

Business News

FG partners firm on Biogas production across 774 LGAs

By The Insight Team November 14, 2024 28 0

  …Plans 33000 battery swap centres for tricycles, bikes Emmanuel Kwada The Federal Ministry of Innovation, Science, and Technology has announced a partnership with Data Analytics & Solutions International Limited to implement the Sustainable Energy Access Projects across all 774 Local Government Areas in Nigeria. The partnership further plans to establish Continue Reading

Business

Dangote Refinery: Finally, a Solution Nigeria Can’t Import!

By The Insight Team November 12, 2024 39 0

By Abiodun Alade If there’s one burning question on the minds of Nigerians these days, it’s this: why are we paying between N1,000 and N1,500 for a litre of Premium Motor Spirit (PMS)? Sadly, the very people who should be explaining this strange new reality have decided to stay tight-lipped with heads buried in the […]Continue Reading

Business Top Story

We Sold PMS in Dollars, Dangote Refutes N898/Litre Claims

By The Insight Team September 15, 2024 75 0

By Emmanuel Kwada The Dangote Group has dismissed a statement attributed to the Nigerian National Petroleum Company Limited (NNPCL) spokesperson, Olufemi Soneye, claiming that the company sells Premium Motor Spirit (PMS) to NNPCL at N898 per litre. In a press statement released on September 15, 2024, Dangote Group’s Chief Branding and Communications Officer, Anthony Continue Reading

Business Top Story

NNPCL Makes History: Dangote Refinery Begins Fuel Supply, Nigeria Inches Closer to Petroleum Self-Sufficiency

By The Insight Team September 15, 2024 83 0

By Emmanuel Kwada The Nigerian National Petroleum Company Limited (NNPCL) has commenced loading of Premium Motor Spirit (PMS) at the Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, marking a significant milestone in Nigeria’s quest for self-sufficiency in petroleum production. According to a statement released by NNPCL on Saturday, over 100 trucks were mobilized to Continue Reading

Business Top Story

Dangote Refinery: A Timely Win for Industrialisation  

By The Insight Team September 10, 2024 86 0

By Abiodun Alade Nigeria, rich in resources and with a burgeoning young population, remains paradoxically stagnant due to its over-reliance on imports. This dependency, rather than being a temporary measure, has entrenched itself as a systemic barrier to long-term prosperity. With a population exceeding 200 million and a predominantly young demographic, Nigeria has become Continue Reading

Business Top Story

Nigeria’s Largest Refinery Starts Production, Meets International Standards

By The Insight Team September 3, 2024 74 0

Key points: Dangote appreciates the Government’s “Naira for crude” and “Naira for product” initiatives, which enabled the project. The Dangote Refinery produces high-quality gasoline that meets international standards, reducing engine problems. The Refinery meets Nigeria’s gasoline demand and supplies sub-Saharan Africa. The Dangote Continue Reading

Interviews Business Top Story

We’re In September; Will Local Fuel Be Available After 8 Missed Promises?

By The Insight Team September 1, 2024 126 0

Key Points: Motorists frustrated with ongoing fuel shortages, criticizing government for not restarting national refineries to address issue. Nigeria’s refineries remain inactive despite investments, causing reliance on imported fuel. Government promises to revive the Port Harcourt Refinery have been consistently broken. The refinery’s dormancy has severe Continue Reading

Business Uncategorized

Dangote Refinery: Calling on All Compatriots

By The Insight Team August 27, 2024 92 0

By Abiodun Alade Nations are forged by patriots – individuals who rise to the occasion during pivotal moments in their country’s history. Throughout history, patriots have played crucial roles in shaping nations, advocating for citizens’ rights, crafting new laws, and driving progress. Patriotism is not just a virtue; it is vital for a nation’s survival […]Continue Reading

Business Health News

Over 1,000 Cattle Lost to Haemoragic Septicemia in Taraba State, Government Launches Second Phase of Vaccination

By The Insight Team August 14, 2024 80 0

Key Points: Over 1,000 cattle have been lost to Haemoragic septicemia in Taraba State. The Taraba State Government has launched the second phase of its cattle vaccination program and warned against selling fake vaccines. Herders have thanked Governor Agbu Kefas for his swift response in addressing the outbreak. The program’s success depends on the cooperation […]Continue Reading

News Business Features Politics

Floods, Drought Threaten Livelihood In North-East

By The Insight Team August 9, 2024 96 0

Key points: Floods destroys farms and infrastructure, causing devastation. Devastating drought withers crops, threatening food security and livelihoods. Governor Bala Mohammed seeks urgent assistance from the Federal Government for affected farmers and communities. Residents of Mayo Belwa, Adamawa State, come together in interfaith prayers, seeking divine intervention to Continue Reading

Business News Top Story

NNPC Ltd Denies Allegations of Economic Sabotage

By The Insight Team August 7, 2024 85 0

By Emmanuel Kwada The Nigerian National Petroleum Company (NNPC) Limited has denied allegations of economic sabotage, stating that it has not breached any laws guiding its dealings with partners. Group Chief Executive Officer, Mr. Mele Kyari, made this statement while addressing the Senate Ad-Hoc Committee investigating alleged economic sabotage in the Nigeria Petroleum Continue Reading