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My refinery will reduce fuel price in Nigeria – Dangote

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The Chairman of Dangote Group, Aliko Dangote, has said his $20 billion 650,000 barrels per day Lagos-based refinery will crash the price of fuel as it reduced the price of diesel in Nigeria.

Dangote disclosed this at a recent Afreximbank Annual Meetings and AfriCaribbean Trade & Investment Forum in Nassau, The Bahamas.

Asked to speak on whether or not his refinery would crash the pump price of petrol, which sells at an average of N700 per liter, Dangote gave no affirmative answer, explaining how the price of diesel fell from 1,700 to N1,200 when his diesel flooded the Nigerian market.

He noted that his refinery currently has 4.78 billion liters of storage capacity for refined petroleum products.

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Sage Grey Finance Appoints Akinsanya as Independent Non-Executive Director

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In a strategic move to strengthen its corporate governance, Sage Grey Finance Limited has appointed Akinsanya as its new Independent Non-Executive Director.

The appointment reflects the company’s commitment to robust leadership as it expands its footprint in lending, investments, and fund management within Nigeria’s financial sector.

Source: BusinessDay.ng

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Nigeria second only to India in number of people without electricity – REA MD

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The Managing Director and Chief Executive Officer of the Rural Electrification Agency (REA), Abba Aliyu, has said Nigeria is the second country in the world with the highest number of people living without access to electricity.

Speaking on Channels Television’s Morning Brief on Monday, Aliyu explained that only India has more people without power supply than Nigeria.

He however stressed that the current administration has put in place a structured plan to address what he called electricity poverty.

“I recently came across a post by The Economist which showed that only India has more people without electricity access than Nigeria. But unlike many other countries, Nigeria now has a well-structured plan to address this challenge,” he said.

Aliyu noted that the REA does not operate on the national grid but focuses on off-grid and underserved communities.

“If you have a problem with your Disco, that’s not within our mandate. Our focus is on communities without access to electricity,” he clarified.

Highlighting the agency’s ongoing projects, the REA boss pointed to the Distributed Access to Renewable Energy Scale (DARES) initiative, describing it as the largest public renewable energy project in the world.

According to him, the $750 million programme aims to deliver electricity to 17.5 million Nigerians who currently live without power.

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Gov Uba Sani appoints Ben Kure as MD of KSMC

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Governor of Kaduna State, Senator Uba Sani, has appointed Ben Solomon Dalhatu Kure as the Managing Director of Kaduna State Media Corporation (KSMC).

Ibraheem Musa, Chief Press Secretary to the Governor, disclosed this in a statement at the weekend.

Kure replaced Ahmed Maiyaki, who has just been appointed the Commissioner for Information.

He is expected to build on Mr. Ahmed Maiyaki’s leadership, which has repositioned the media corporation.

Before this appointment, Kure served as the Chairman of Jaba Local Government from 2016 to 2017, Executive Secretary of the Kaduna State Emergency Management Agency from 2018 to 2019, and Special Adviser (Political Matters) to the Kaduna State Governor from 2019 to 2021.

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