Connect with us

Business

Apapa Gridlock: Dangote Moves Operations To PH

Published

on

A subsidiary of Dangote Industries Limited, NASCON Allied Industries Plc, said it had shifted some of its operations away from Apapa to Oregun and Port Harcourt, in response to the gridlock in Apapa.
The company is a refiner and distributor of household, food processing and industrial salt, with an installed production capacity of 567,000 metric tonnes per annum.
The Managing Director, NASCON, Paul Farrer, described the Apapa gridlock as one of the key risks in the company’s business last year.
He said the Apapa gridlock affected the movement of raw materials to Oregun , timely delivery of finished goods to customers and increased turn-around time of the company’s trucks.
“We relocated 60 per cent of our Apapa Plant production capacity to our Oregun and Port Harcourt Plants to reduce the effects of the gridlock. We also engaged third-party transporters to ensure timely delivery of our finished goods,” Farrer told shareholders at the company’s Annual General Meeting in Lagos on Thursday.
The Apapa refinery, located in the Apapa Port of Lagos, was inaugurated in 2001 with an installed capacity of 275,000MT per annum, the company said in its 2018 annual report.
The Port Harcourt refinery was inaugurated in 2003 with an installed capacity of 210,000MT per annum, while the Oregun plant was inaugurated in 2004 with an installed capacity to refine 82,000MT of salt per annum.
Farrer said the increase in global oil prices led to increased global freight prices and diesel costs, which increased the company’s cost of production.
The company’s plants are primarily powered through the national grid with generators fuelled by gas or diesel, with a combined capacity to generate 6.1 megawatts of power, according to the annual report.
“The porous borders allowed the proliferation of substandard seasoning products into the market,” Farrer added.
The company’s Chief Financial Officer, Aderemi Saka, in her review of 2018, said the 2015 foreign exchange policy of the Central Bank of Nigeria continued to stall the importation of the necessary raw materials for both tomato paste and vegetable oil.
“We continue to remain focused on sourcing both raw materials locally. Towards the end of 2018, we started acquiring crude palm oil, which will be produced and sold in 2019,” she added.
In June 2015, the CBN announced that it had excluded importers of some 41 items, including tomato paste and vegetable oil, from accessing forex at the Nigerian forex markets in order to encourage local production of the items.

Continue Reading

Business

Kenyan Runners Dominate Berlin Marathons

Published

on

Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

Continue Reading

Business

NIS Ends Decentralised Passport Production After 62 Years

Published

on

The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
Continue Reading

Business

FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

Published

on

The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
Continue Reading

Trending