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Business News

Export of non-oil products to begin from Edo Dry Port

The promoters of the Edo Dry Port have revealed that the export of non-oil products will soon commence.

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The promoters of the Edo Dry Port, Atlantique Marine Engineering Services disclosed that it is working with various stakeholders including the Manufacturers Association of Nigeria and various Chambers of Commerce to begin the exportation of non-oil products from the dry port.

This was disclosed by Dr Charles Akhigbe, MD/CEO AMES-Edo Inland Container in an interview with NAN on Thursday.

READ: Kaduna Inland Dry Port woos more partners with better service delivery ahead of 2021

What Mr. Akhigbe is saying

“We are entering into contracts with Chambers of Commerce, Manufacturers Associations as well as individuals to start exportation of non-oil products from Edo via the inland dry port.

“Exporters of Agricultural products within the Edo region do not need to go to Lagos anymore because everything about exportation can be done at the dry port.

“The DEW initiative being driven by the Nigerian Export Promotion Council will ensure that exporters operate under one roof to get certification for their products.

“Once the product meets the necessary export standards, it will be packaged and loaded into a container and conveyed straight to the nominated shipping line,” he said.

READ: DisCos record N273.42 billion shortfall in 2020, receive N542.73 billion from customers

In case you missed it 

  • Recall that Nairametrics reported last month that the Managing Director, Kano Dala Inland Dry Port, Alhaji Ahmed Rabiu, disclosed that the inland port will cost $27 million and would be completed fully in December.
  • “When completed, the cost of transportation will drastically reduce because while it costs about N1.2 million to take containers from Lagos to Kano by road, it will cost not more than N200,000 by rail.
  • “Containers berthed at the Lagos ports will be transported on the old rail lines to Kano in 24 hours, just as the project will enhance the reactivation of trans-Sahara commercial activities,’’ he said.

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Business

Just-in: President Buhari restores ownership of OML 123, 124, 126 and 137 to NNPC

The President has ordered the restoration of ownership of OML 123, others to NNPC.

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Buhari sacks DG National Directorate of Employment, Nasiru Argungu

President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC) which is in production sharing contract with Chinese government-0wned, Addax Petroleum.

President Muhammadu has approved the return of ownership of leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation (NNPC).

This announcement was made known by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu via a social media statement.

“In line with the current administration’s commitment to the rule of law, fairness & enabling a stable business climate for investment, President @MBuhari has approved the restoration of the leases on OMLs 123, 124, 126 & 137 to @NNPCgroup which is in production sharing contract with Addax Petroleum, a company wholly owned by Government of the People’s Republic of China on the blocks. The leases belonging to the Federation were revoked on March 30, 2021,” Shehu tweeted.

More details soon…

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Corporate Press Releases

GAGE Awards 2021 takes centre stage as Bisola hosts virtual edition

The virtual edition will be hosted by Ex–BBNaija star Bisola Aiyeola alongside a stellar cast of entertainers billed to perform on the night.

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After what has been an interesting year for so many reasons, the GAGE Awards is finally taking centre stage on 24th April, 2021.This year’s edition is fully virtual, leveraging the best of technology to broadcast proceedings at the event.

The event is beach-themed, which is meant to help set viewers in a relaxed mode after such a tough past year. Digital came through for us and it’s time to gather virtually to celebrate the stars that made our lives simpler and better especially in the thick of the pandemic.

The virtual edition will be hosted by Ex – BBNaija star Bisola Aiyeola alongside a stellar cast of entertainers billed to perform on the night. It will be interesting to see the winner of some of the categories such as the Online news platform of the Year, Data Service provider of the Year, Webseries of the Year, Content Creator of the Year etc.

The Influencer of the Year category which got the internet in frenzy with over 20 million engagements on the GAGE Awards website will definitely be one of the most anticipated categories on the night. In that category are online powerhouses such as BBNAIJA revelations Erica Nlewedim and Nengi Hampson. Also in that category are Twitter top influencers Pamilerin Adegoke, Aisha Yesuf and Instagram top brand Influencer, Tomike Adeoye. Another big category to watch out for is the Online Comedian of the Year. Top contenders in that category are; Mr Macaroni, MCLively, Sydney Talker, Taaooma and Lasisi Elenu. Taaooma took home this category last year and it will be interesting to see if she can retain her crown as king of Online Comedy. The Banking app of the Year is another huge category to look for.Top contenders for the crown are GTBank, VBank, Zenith Bank, Access Bank and Alat by Wema.

To attend the GAGE Awards virtual edition, registration is via this link, https://gageawards.com/register/.

It will be recalled that GAGE Awards seeks to celebrate and spotlight the best individuals, brands or groups who have enriched lives in 2020 by leveraging on the power of digital to simplify our everyday lives. The award recognizes, celebrates, rewards, and amplifies the eventual winners’ outstanding activities and contributions to the digital ecosystem yearly.

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