Business

Governor Abiodun Welcomes Qatar’s Baladna multi-million dollar dairy factory in Ogun

“If you could meet 35% of Qatar’s milk demand in one month and achieve self-sufficiency in six, I have no doubt you can do the same in Nigeria. Your operations here will be a walk in the park—no deserts,”

Published

1 year ago

June 25, 2025

OCHEFA

589 Views

Qatari dairy giant Baladna is set to establish a multi-million-dollar food production facility in Ogun State, Nigeria

The investment is expected to boost local dairy production and food security significantly.

Baladna, which supplies over 95% of Qatar’s fresh dairy products, disclosed its plans during a courtesy visit to Governor Dapo Abiodun in Abeokuta.

The delegation was led by Baladna’s Head of Products and Solutions Architecture, Mr. Aidan Thomas Iynan, and accompanied by the Executive Secretary of the Nigeria Investment Promotion Commission (NIPC), Aisha Rimi.

Mr. Iynan revealed that Baladna’s integrated dairy model, backed by Qatari government investment, now operates the world’s largest single-site dairy farm.

He expressed confidence that Nigeria—and Ogun State in particular—could replicate similar success, citing a partnership with Algeria that is expected to deliver 1.7 billion litres of milk annually, meeting 50% of Algerian dairy demand.

He highlighted the impact of climate change on global agriculture, stressing the urgency for Nigeria to attain dairy self-sufficiency.

“We can build farms that are highly efficient with world-class yields—not just in dairy and meat, but crop production too,” Iynan said.

Governor Abiodun welcomed the investment, describing Baladna as the type of partner needed to realise the Renewed Hope Agenda in agriculture.

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

10 hours ago

June 30, 2026

Charles Flames

26 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

14 hours ago

June 30, 2026

OCHEFA

20 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”