General
Olam Agri, Asian Research College To Improve Sustainability In Agric
In a bid to strengthen Nigeria’s agriculture sector, Olam Agri, a leading agribusiness in food, feed and fibre, has partnered with Nanyang Technological University, a leading global research college in Singapore.
The agribusiness sponsored the recently-concluded Singapore Business Case Competition X African Challenge 2023, organised by the institution to craft innovative, sustainable strategies targeted at raising the resilience level of the local food value chain.
The Singapore Business Case Competition is an innovative competition that is centred on Africa. It featured 34 teams comprising 135 undergraduates from over 11 universities which made presentations on climate-smart strategies to Olam Agri with a focus on how to improve Nigeria’s agriculture sector, tackle climate threats, and address the topographic and systemic challenges impeding the achievement of food security. The contest was launched on February 25th, 2023, and concluded with team TPG Consulting emerging as the overall winner on March 11.
The team TPG Consulting presented solutions that seek to optimise fish farming, meet rising local demands for aquatic foods, mitigate challenges in the poultry segment, reduce cattle herd migration, utilize tech to raise efficiency in handling seed-to-harvest circles in key crop areas, reduce agriculture waste, raise the employment potential of agriculture amongst others. The team won a $1,500 prize in addition to an all-expense paid trip to Nigeria to implement their solutions.
Speaking on the contest, Ashish Pande, the Country Head for Olam Agri Nigeria, said, “We are glad to have allowed the smart, young minds to come up with idea case studies that are capable of improving the resilience of our food supply chain. Especially, the ideas represent a huge lever for unlocking the potential of the aqua and poultry segments and raising protein consumption on the continent.”
“The latest investment actions are parts of our signature value chain development drive through the Seeds for the Future project. The actions demonstrate our commitment to helping Nigeria achieve its agriculture development and economic growth agenda,” he added.
Saki Kobayashi, the Co-founder of EnerScale, who served as a judge at the contest, was captivated by the impressive performance of the contestants. In her words, “The participating teams demonstrated outstanding performance during the SBCC X AC 2023. I was especially impressed to see their use of technology and creativity to solve crucial challenges in Nigeria’s agricultural sector.”
In the same vein, Amit Jain, the Director of NTU-SBF Centre for African Studies, explained, “The participants at this year’s SBCC contest had the opportunity to test their knowledge, analytical thinking, and communication skills by solving real-life business problems. The teams presented climate-smart solutions targeted at solving agricultural challenges in Nigeria.”
He thanked Olam Agri for sponsoring the competition adding, “I believe this competition will provide the participants a foretaste of the economic transformation taking place in Africa today.”
General
Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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