By Emmanuel Iheaka, OWERRI

The President of Dangote Group, Aliko Dangote has assured Governor Hope Uzodimma of Imo State that his group will be one of the biggest investors in the state.

Dangote gave the assurance at the opening session of the Imo Economic Summit 2025 in Owerri on Thursday.

The renowned Africa’s industrialist urged Uzodimma to indicate his preferred area of investment and forget the rest.

Dangote described the Imo governor as a personal friend of decades and commended him for providing enabling environment for investment.

“We will be one of your biggest investors in Imo. So, please tell me the area to invest and we will invest”, Dangote declared.

He called on entrepreneurs to always invest at home, adding that foreigners cannot drive the economy of any nation more than the nationals.

“What attracts foreign investors is a domestic investor. Africa has about 30 percent of the world’s minerals. We are blessed,” he submitted.

Dangote reiterated that his refinery was set to launch 1.4 million barrels per day capacity, the highest for any single refinery in the world.

A diamond-encrusted Fabergé egg that Russia‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million.

Tsar Nicholas II gifted the Winter Egg to Dowager Empress Maria Feodorovna in 1913, five years before he was murdered along with his wife and children after the Russian Revolution.

Tsar Nicholas II

Dowager Empress Maria Feodorovna

The egg went under the hammer at Londonauction house Christie’s yesterday.

An unnamed buyer stumped up £22,895,000, smashing the previous global record of £8.9million that was set in 2007 when the famous Rothschild Egg was sold.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall.

Carl Fabergé, the master jeweller whose creations bedazzled Russia, created 50 Imperial Easter Eggs for the then-ruling Romanov family over a 31-year period, making them incredibly rare and valuable.

They were commissioned as Easter gifts in a tradition started by Tsar Alexander III in the 1880s.

Nicholas II, Alexander’s son, had an annual standing order for two Easter eggs to be made for his mother and his wife, until the fall of the Romanovs in the 1917 Russian Revolution.

A diamond-encrusted Fabergé egg that Russia ‘s last emperor gave to his mother as an Easter gift has sold for nearly £23million

Today, only 43 of the Imperial Easter Eggs remain, with seven missing.

The ‘exquisite’ Winter Egg had a pre-sale estimate of more than £20million.

Christie’s Margo Oganesian said: ‘Today’s result sets a new world auction record for a work by Faberge, reaffirming the enduring significance of this masterpiece.’

She added the sale celebrated ‘the rarity and brilliance of what is widely regarded as one of Faberge’s finest creations, both technically and artistically’.

The imperial eggs have enjoyed renewed interest on the art market in recent decades, mainly among wealthy Russians keen to acquire a piece of their country’s history.

Beyond its opulence, it is the ‘technique and craftsmanship’ that makes the Winter Egg exceptional, according to Ms Oganesian.

‘The Winter Egg is truly one of the rarest items that you can find,’ she explained. ‘It’s really hard to comprehend how Faberge created it.’

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes.

Carved from delicate rock crystal, the Winter Egg is an icy-looking orb studded with around 4,500 rose-cut diamonds, and stands at only five-and-a-half inches (14 centimetres) tall. Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket

The egg and its base are sculpted from crystal featuring diamond-encrusted platinum snowflakes

Tsar Nicholas and his wife, Empress Alexandra, with their five children. They were all murdered in 1918

Inside, it contains a bouquet of flowers made of white quartz anemones held by gold wire stems, gathered in a platinum basket.

Like many other Romanov possessions, the egg bears witness to Russian history. It was transferred from Saint Petersburg to Moscow in 1920 after the revolution.

As with many other Imperial Eggs, it was sold by the Soviet government to generate foreign currency and was acquired by London jeweller Wartski between 1929 and 1933, according to Christie’s.

The Winter Egg was subsequently part of several British collections but was considered lost from 1975, the auction house said in an essay attached to the sale lot online.

‘For 20 years, experts and specialists lost sight of it until 1994, when it was rediscovered and brought to Christie’s for sale in Geneva,’ said Ms Oganesian.

Eight years later, in 2002, it was sold again for a record $9.6 million in New York.

The Anambra State Electricity Regulatory Commission (ASERC) has issued an operational license to First Power Electricity Distribution Company Limited (FPEDC) for electricity distribution in the state.

During a ceremony in Awka, Prof. Frank Okafor, Chairman/CEO of ASERC, presented an interim license to FPEDC, authorizing the company to operate for one year.

The license follows a Nigerian Electricity Regulatory Commission (NERC) order that transferred regulatory oversight of the electricity market to the state after the inauguration of five commissioners on 9 October 2025.

Prof. Okafor explained that the move aligns with Governor Charles Soludo’s administration, which is committed to upgrading the state’s electricity infrastructure and promoting industrialisation.

He noted that, under Section 33 of the Anambra State Electricity Law (2025), only licence‑holders may participate in the state’s electricity market.

Existing operators that are already serving customers must regularise their licences through a thorough process, and ASERC has therefore granted interim licences to NERC‑licensed companies already operating in Anambra.

Dr. Ernest Mupwaya of the Enugu Electricity Distribution Company (EEDC) received the certificate on behalf of FPEDC.

He praised the Electricity Act 2023 for empowering states to develop their own regulatory frameworks and highlighted Anambra’s leadership in implementing these reforms.

According to Dr. Mupwaya, the collaboration among the Anambra State Government, ASERC, and industry stakeholders has produced a “model of constructive engagement, technical depth, and transparent coordination,” paving the way for a competitive electricity market in the state.

He added that EEDC and FPEDC are fully aligned with Anambra’s development goals.

The ongoing reforms are expected to attract investment, expand the network, improve customer service, and modernise the electricity value chain. “Our growth plans for FirstPower are deliberately structured to complement the state’s industrialisation agenda, urban expansion, agricultural development and SME competitiveness,” Dr. Mupwaya said.

He expressed confidence that the company will exceed the expectations of the state government and the people of Anambra.

The interim licence will allow FPEDC to continue its operations while the commission completes the full licensing procedure.

ASERC has pledged to ensure that all licence‑holders adhere to the standards set out in the Anambra State Electricity Law, thereby safeguarding consumers and supporting the state’s broader economic objectives.

Earlier in his reaction, Managing Director Firstpower Electricity Distribution Company Okechukwu Okafor, said the licensing was to formalise the company’s presence and inform stakeholders that this is no longer EEDC in charge but an independent body saddled with the responsibility of distributing electricity in Anambra. “We are going to partner with the industrialists, the state government, and Ndi Anambra so that they will understand that our presence is geared towards a better solution to electricity. We want to change the narrative and target the customers to be happy. We need to take the message to them, provided there is goodwill. We hope that by the end of 2027, the billing rights of the customer will be metered for easy accountability.