All Posts in "Month: May 2026"

2027: Why Peter Obi, Kwankwaso ticket won’t win presidency – Baba Yusuf

Policy Strategist and Group CEO, Global Investment and Trade Company, Baba Yusuf, has stated why the Peter Obi and Rabi’u Kwankwaso ticket may not win the 2027 presidential election.

Speaking during an interview on Arise Television’s ‘Prime Time’ on Friday, Yusuf said they may be able to get numbers of voters but the numbers would not spread across the North and South to give them the constitutional requirement to win.

Recall that Obi and Kwankwaso dumped the African Democratic Congress, ADC, for the Nigerian Democratic Congress, NDC, last Sunday citing court cases and internal divisions as reasons for their exit.

Airing his own opinion, Yusuf said, “If you look at the spread of Peter Obi with profound respect to him and Kwankwaso, they won’t be able to win the presidency.

“They may be able to get numbers of about 70 million voters that didn’t vote in 2023 which I reckon people will come out and vote.

“But will those numbers have the spread across the North and Southern Nigeria to give them the constitutional requirement to win the election as Peter Obi and Kwankwaso? I expect a lot of consultations and negotiations that will lead to that.

“The ‘me me’ attitude will not cut it. And I expect maybe Peter Obi and Kwankwaso to sit down with an elder statesman like Atiku Abubakar to say, look, how are we going to share this power?

“It’s a negotiation, but when you come with this attitude of ‘we don’t need you’, it will not yield any positive result,” Yusuf said.

admin by — May 9, 2026 in News 0
2027 elections: Obi, Dickson meet Kwankwaso in Abuja ahead of NDC convention

Former presidential candidate, Peter Obi, alongside National Chairman of the NDC, Henry Seriake Dickson, paid a courtesy visit to Rabiu Musa Kwankwaso at his residence in Maitama, Abuja, on Friday night.

The visit was disclosed in a statement issued by Kwankwaso’s media aide, Hon. Saifullahi Hassan.

According to the statement, the political figures held discussions on political developments in the country, although details of the meeting were not made public.

Among those who received the visitors alongside Kwankwaso were former Kano State Deputy Governor, Nasiru Yusuf Gawuna; Senator representing Kano Central, Rufa’i Sani Hanga; prominent NNPP chieftain, Buba Galadima; and member of the House of Representatives representing Kura, Madobi and Garun Malam Federal Constituency, Yusuf Datti Kura.

Several other key figures within the Kwankwasiyya movement were also present during the meeting.

Although the exact issues discussed were not disclosed, the development is expected to further fuel speculation over ongoing political realignments ahead of the 2027 presidential election, especially amid reports of possible alliance talks involving Obi and Kwankwaso on a joint presidential ticket.

admin by — May 9, 2026 in News 0
Kebbi: Residents groan as blackout worsens, businesses under threat

Power outages in parts of Kebbi State have persisted for months, leaving communities in prolonged darkness, crippling businesses, worsening living conditions and deepening economic hardship across affected areas.

Residents across multiple local government areas have decried that the situation has gone beyond occasional power failure, describing it as an unending blackout that has paralyzed homes, shops, and small businesses.

DAILY POST gathered that the recurring power outage has become one of the most pressing challenges in the state, with many communities reporting little or no electricity supply for weeks.

Small business owners say the situation is severely affecting their livelihoods, particularly those who depend on electricity for cooling systems, cold storage, and daily operations.

A shop owner in Badariya, Musa Abdullahi, who sells frozen foods and beverages, said the blackout had forced him into heavy losses, adding that he has been unable to preserve perishable goods due to the prolonged lack of electricity supply.

“I cannot afford a solar system that can carry my fridge and other appliances. I am losing customers every day because I have no way to preserve my goods,” he said.

Another business owner in the Kara area of Birnin Kebbi lamented declining sales and rising operational costs.

“Business has dropped seriously. Without light, customers don’t come like before. Even buying fuel for the generator is too expensive for small traders like us,” she said.

Kaduna Electricity Distribution Company, KAEDCO, which serves as the primary electricity distribution company covering Kebbi State under its franchise area, alongside Kaduna, Sokoto, and Zamfara, has for years remained the main operator responsible for transmitting and distributing power to residents of the state.

Despite its statutory role in ensuring steady electricity supply, the company has repeatedly come under criticism over persistent load shedding, unstable distribution, and inadequate power allocation to Kebbi communities.

KAEDCO has previously attributed its poor supply to low power allocation from the national grid, transmission constraints, and revenue shortfalls, factors it says have continued to cause frequent electricity interruptions across its franchise areas, including Kebbi State.

In response to the worsening situation, the Kebbi State Governor in early April approved the constitution of a Multi-Stakeholders Committee to engage KAEDCO over the lingering electricity challenges.

The decision followed an intensive town hall meeting involving stakeholders and KAEDCO representatives, where issues of epileptic and low power supply in the state were discussed.

The committee was mandated to examine the actual quantum of electricity supplied to Kebbi State in relation to payments made and services rendered, as well as to review billing compliance issues and other operational challenges affecting distribution.

However, DAILY POST gathered that the committee is yet to submit its official report, despite being given a clear timeline by the state government.

The government had directed the committee to submit its findings within two weeks, effective from April 16, 2026.

Weeks after the deadline, there has been no public release of the report, leaving residents uncertain about any concrete solution.

Reacting to the development, the Special Adviser on Media and Publicity to the Kebbi State Governor, Yahaya Sarki, issued a strong statement, calling for urgent action from the electricity distribution company.

“KEDCO, wake up! People have been in darkness for days, this is unacceptable. Please act now. Your culture of silence is unbearable,” he was quoted as saying.

The statement has generated widespread reactions, with residents across affected communities sharing similar accounts of prolonged blackout.

In Kawara community, residents said they have been without electricity for months due to a damaged transformer, with no immediate intervention from authorities.

Many also complained that the cost of solar power systems capable of running refrigerators and other appliances is beyond their financial reach.

Findings by DAILY POST indicate that the ongoing blackout is largely attributed to neglect and poor infrastructure maintenance over time.

The power outage has also affected several parts of Birnin Kebbi, including GRA and Kara feeders, where supply remains unstable or completely absent.

Communities along the Gesse to Rugga axis also report over a month of continuous blackout, further worsening living and economic conditions.

Meanwhile, the state government had earlier suspended its monthly N150 million support to the electricity distribution company, citing poor service delivery.

Officials said the decision followed persistent complaints from residents and businesses over unreliable electricity supply across Kebbi State.

admin by — May 9, 2026 in News 0

The Nigeria Labour Congress, NLC, has called for immediate measures to address rising xenophobic attacks against African migrants in South Africa, urging the Congress of South African Trade Unions, COSATU, to launch a large-scale awareness campaign to protect migrant workers.

In a letter dated May 7, 2026, and addressed to the leadership of COSATU in Johannesburg, NLC President Joe Ajaero condemned recent incidents involving the killing of African migrants and destruction of their businesses.

Ajaero described the attacks as a consequence of worsening economic conditions and ineffective government policies, stressing that African workers should not be turned against one another.

“We cannot claim to fight for the working class while allowing a section of that class to be hunted like wild animals,” he stated.

The labour leader urged COSATU to lead extensive sensitisation efforts in communities, unions and workplaces to counter narratives blaming migrants for unemployment and poverty.

“We must break, once and for all, the racist myth that a fellow black African from across a colonial border is our enemy,” Ajaero added.

The NLC also criticised what it described as the inadequate response of South African security agencies, accusing authorities of failing to provide sufficient protection for migrants and their businesses.

Ajaero called for the full deployment of security resources to prevent further violence, while demanding the arrest and prosecution of those responsible for the attacks.

He also urged the South African government to ensure compensation for victims and families affected by the violence.

According to the NLC, xenophobia poses a major threat to workers’ solidarity across Africa, weakening labour movements and collective bargaining efforts.

“Xenophobia is not good for anybody, especially the world of work, because it fractures working-class unity and weakens our collective bargaining power against capital,” Ajaero said.

The congress further proposed an emergency meeting involving African labour organisations under the African Regional Organisation of the International Trade Union Confederation and the Organisation of African Trade Union Unity to develop coordinated strategies for protecting migrant workers across the continent.

Ajaero warned that failure to tackle xenophobic violence decisively could encourage similar incidents in other African countries.

“Xenophobia is a cancer that, if not excised in South Africa, will metastasise across the continent,” he said.

admin by — May 9, 2026 in News 0
Amnesty condemns killing of 12 in Plateau midnight attack, warns Nigerian govt

Human rights organisation, Amnesty International, has condemned the killing of 12 persons during a midnight attack on Ngbra-Zongo village in Bassa Local Government Area of Plateau State.

According to the organisation, the victims included pregnant women and children, while at least 10 other residents are currently receiving treatment for gunshot injuries sustained during the attack.

Amnesty International described the incident as “horrific,” alleging that entire families were locked inside their homes and killed one after another by the attackers.

admin by — May 9, 2026 in News 0
Labour union denies directing pensioners to submit files to Imo SSG

The  Nigeria Labour Congress, NLC, Imo State chapter and the Nigeria Union of Pensioners, NUP, have jointly debunked information directing pensioners in the State to submit their personal documents to the office of the Secretary to the State Government for onward payment of their gratuities.

In a joint press statement signed by NLC State Chairperson, Uche Chigemezu Nwigwe and State Chairman of NUP, JB Ugochukwu, the Labour Unions described the report as fake and misleading information with the intention of defrauding unsuspecting members of the Public.

Both NLC and NUP discarded the report as unauthorized, and did not emanate from either of the two unions.

“As we are all aware, labour engagement with the State Government for the payment of the next batch of the gratuity is still on and Governor Hope Uzodinma is very much on course for the payment as he promised.

“All pensioners are hereby advised to disregard such fake news and avoid falling victim to misinformation, fraudsters, or unauthorized individuals demanding money or personal details in connection with gratuity payments,” the release added.

They advised pensioners seeking for accurate information and official updates regarding gratuity matters to contact or visit, NUP Office or NLC Secretariat.

The leadership of the organized labour reiterated its committed to protecting the interest and welfare of pensioners and workers at all times.

admin by — May 9, 2026 in News 0
FG begins power debt repayment, says Transcorp CEO

Owen OmogiafoThe President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in resolving liquidity challenges in Nigeria’s electricity sector.

Omogiafo disclosed this in an interview with journalists on the sidelines of the company’s 20th Annual General Meeting held in Abuja on Friday.

“For us in Transcorp Power and Transafam, we have actually signed our settlement reconciliation contracts. For Transafam, they started the payments. And for Transcorp Power, they will start sometime this year,” she said.

She added, “So first of all, let me start by commending the Federal Government under President Bola Tinubu. This is the greatest progress we have made as it relates to dealing with the historical debt.”

The development signals early implementation of the Federal Government’s intervention to clear legacy debts, finalised at about N3.3tn owed to generation companies and gas suppliers, a longstanding issue that has constrained liquidity across the Nigerian Electricity Supply Industry.

Omogiafo noted that despite persistent challenges in the sector, including gas supply constraints and transmission infrastructure gaps, the Group has continued to deliver strong performance.

“It’s common knowledge about the challenges the power sector is facing. We deal with the gas issues and the transmission infrastructure issues… but despite the challenges that we saw in the sector, we were able to produce the kind of results that we have produced,” she said.

She stressed that the company remains focused on managing these constraints while leveraging opportunities within the sector. “There will always be challenges. That’s just the reality. But it’s what you do with those challenges and how you create opportunities out of them,” she added.

The Transcorp CEO also expressed optimism that recent policy actions and leadership changes in the power sector would improve investor confidence. She further highlighted the Group’s diversified operations, noting that investments in power and hospitality continue to drive growth despite macroeconomic pressures.

On shareholder returns, Omogiafo said the company has recorded a significant transformation over the years, moving from kobo-denominated dividends to stronger payouts.

“Once upon a time, Transcorp was paying two kobo… today we are paying dividends in naira. We are creating sustainable value… we can’t pay less than what we’re paying today,” she said.

Financial results presented at the meeting showed that the Group recorded a 33 per cent increase in revenue to N544bn in the 2025 financial year, driven by growth in its power and hospitality businesses.

Profit before tax rose by 31 per cent to N179.5bn, while profit after tax grew by 44 per cent to N135.9bn, reflecting improved operational efficiency and stronger earnings.

Total assets increased by 33 per cent to about N1tn from N751bn in 2024, while shareholders’ funds rose by 47 per cent to N353bn, indicating stronger capitalisation and investor confidence.

The Board also proposed a total dividend of N2.00 per share for the 2025 financial year, comprising an interim dividend of 40 kobo and a final dividend of N1.60, amounting to a total payout of over N20.32bn.

Operationally, the Group’s power business recorded improvements, with Transcorp Power Plc increasing its average available capacity to 550 megawatts from 477MW in 2024, while peak capacity rose to 625MW. Average generation also increased to 391MW from 332MW.

Similarly, Transafam Power Limited increased its available capacity to 348MW from 250MW and improved average generation to 102MW, reflecting ongoing asset optimisation and improved gas supply.

In the hospitality segment, Transcorp Hotels Plc delivered a strong performance, supported by increased demand and the addition of a 5,000-seat event centre in Abuja, which has strengthened its position in Nigeria’s meetings and conferences market.

Earlier, the Chairman of the Board of Directors, Tony Elumelu, attributed the Group’s performance to improved operating conditions, effective management, and sustained shareholder support. “I think the operating environment is gradually also improving. All of these culminated in the increase in performance that you have seen,” he said.

He added that the company’s profit grew by over 30 per cent during the year, while shareholders are now earning N2 per share in dividends, compared to kobo payouts in previous years. “More importantly, to our shareholders who have told us that they are tired of kobo kobo dividend, they are now happy to be receiving two naira per share. That is fantastic,” Elumelu said.

He reiterated that the Group’s investments in electricity, hospitality, and energy are aimed at driving economic development and improving living standards.

admin by — May 9, 2026 in Business 0
NMDPRA boss targets energy reform, improved fuel supply

WhatsApp Image 2026-05-08 at 10.40.27 AMThe Senate has confirmed Rabiu Umar as Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority following his screening on May 5, 2026.

A statement from Umar’s media team on Thursday said lawmakers commended his professionalism, industry knowledge and strategic vision for Nigeria’s petroleum sector during the screening session. Umar also pledged to strengthen national energy security, eliminate supply bottlenecks and ensure stable fuel availability nationwide.

President Bola Tinubu had nominated Umar on April 29, 2026, as part of efforts to strengthen regulatory effectiveness and accelerate reforms under the Petroleum Industry Act.

During the screening, Umar outlined an agenda focused on supply resilience, regulatory efficiency, investor confidence and nationwide product accessibility. He also said global disruptions, including tensions around strategic shipping corridors such as the Strait of Hormuz, would continue to influence fuel prices globally.

“Global events may affect prices, but they should not define Nigeria’s stability. Our task is to build a petroleum system strong enough to absorb shocks, protect supply, and keep homes, industries and transport moving in every season,” he said.

Umar, who has over two decades of experience across downstream petroleum, logistics and manufacturing, previously held senior roles at Oando Plc, led a turnaround at Ashaka Cement Plc, and served as Group Chief Commercial Officer at Dangote Group, which he left eight months ago.

He said immediate priorities include strengthening the operational readiness of Nigeria’s 22 depots, ensuring stock buffers nationwide and working with relevant agencies to guarantee product availability.

“Energy security is not measured only by volumes in storage. It is measured by whether fuel is available when Nigerians need it, where Nigerians need it. We will build a supply architecture that is visible, reliable and national in reach,” he said.

Before his confirmation, Umar’s nomination received endorsements from industry groups. The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlets Owners Association of Nigeria (PETROAN) described the nomination as well received, expressing confidence in his capacity to address sector challenges.

Stakeholders within the Major Energy Marketers Association of Nigeria also welcomed the nomination, describing it as a positive signal for stability, professionalism and continued reform.

Umar pledged to reposition the authority as an efficient regulator and a catalyst for investment, growth and market confidence by removing administrative bottlenecks and improving service delivery.

“The NMDPRA under my leadership will be firm in regulation, fair in conduct and fast in execution. We will protect standards, unlock investment, remove avoidable bottlenecks and make this Authority a model of professionalism and economic value creation,” he said.

Industry observers said his presentation before the Senate reflected a practical understanding of the relationship between regulation, energy security and market stability as Nigeria’s petroleum sector continues reforms under the Petroleum Industry Act.

admin by — May 9, 2026 in Business 0
First HoldCo’s Earnings Hit N3.4 Trillion Record Level

First HoldCo Plc. has announced its audited results for the financial year ended December 31, 2025, with gross earnings grew by 6.9% to ₦3.4 trillion, underpinned by strong net interest income growth of 36.8% and continued momentum in its digital and transactional franchises.

The Group Managing Director

of the holding company, Wale Oyedeji, while commenting on the results stated that:  “2025 was a defining year for FirstHoldCo, characterised by disciplined execution, resilient core earnings and a comprehensive reset of our balance sheet for sustainable performance and high-quality growth.

Importantly, we comprehensively de-risked the Group’s balance sheet by adequately providing for systemic impaired and non-performing exposures. This decisive action, aligned with the post-forbearance landscape, enhances transparency and positions the Group on a far stronger foundation for future growth, improved asset quality and higher-quality earnings.

We also strengthened our capital position through focused capital-raising initiatives to ensure FirstBank meets minimum regulatory capital requirements of N500 billion. Additionally, and under our ₦350 billion capital raise programme, we have successfully secured ₦128.7 billion to date. We remain firmly on track and continue to engage proactively with regulators and the market to deliver a further enhanced well-capitalised platform that can enhance growth and increase value creation.

The Group continues to demonstrate steadfast leadership in the industry-wide resolution of legacy delinquent borrower exposures. We have recorded notable progress in recoveries, particularly from upstream borrowers with significant oil reserve-backed collateral, reinforcing our commitment to disciplined risk management and balance sheet strength.

Alongside these actions, we continued to invest in governance, technology and inclusion—deepening customer engagement, expanding access, and strengthening execution across the Group.

Looking ahead, our priorities are unequivocal: improve earnings quality, drive efficiency, strengthen asset quality & Capital and scale our non-banking businesses—underpinned by rigorous risk and capital discipline. With a cleaner balance sheet and a defined capital pathway, FirstHoldCo is positioned to accelerate sustainable growth and translate performance into consistent shareholder returns. This is an enduring franchise, of scale, trust and systemic relevance, and we are firmly committed to compounding value and returning more to shareholders.”

Group financial review

In 2025, the Group demonstrated robust top-line performance, achieving a 6.9% year-on-year increase in gross earnings to ₦3.4 trillion. This growth was driven by strong core banking activities and a well-diversified income base.

Interest income increased by 24.9% to ₦3.0 trillion, attributable to proactive asset repricing and enhanced yields. Net interest income experienced substantial growth of 36.8%, reaching ₦1.9 trillion and resulting in a net interest margin of 11.1%. Non-interest income remained strong, with net fees and commission income rising by 20.2% to ₦294.5 billion, supported by greater digital transaction volumes, transfer and intermediation fees, and letter of credit commissions and fees. The Group’s earnings profile is sustained by a diversified and resilient income-generating model.

Operating expenses rose by 32.1% to ₦1.2 trillion, primarily due to inflationary trends and foreign exchange pressures. The increase was largely attributable to higher personnel costs, elevated regulatory fees, enhanced advertising and corporate promotion initiatives designed to drive business growth, strengthen global and enterprise-wide brand visibility, and boost customer engagement, along with greater administrative and miscellaneous charges. Consequently, the cost-to-income ratio climbed to 53.8%.

Profit before tax decreased by 70.5% to ₦235.0 billion, primarily as a result of a 93.8% rise in impairment charges and the normalisation of foreign exchange gains recorded in prior years. Despite these challenges, the Group demonstrated robust underlying performance, with normalised pre-provision profit rising by 36.6% to ₦1.07 trillion. This improvement underscores the Group’s fundamental earning strength and resilience.

Total assets grew 2.7% y-o-y to ₦27.3 trillion (Dec 2024: ₦26.5 trillion). This demonstrates an expansion in the asset position and interest earning asset as cash and balances with central Banks, loans to banks & customers and investment securities now constituting 89.8% of total assets versus 86.8% in the prior year.

Asset quality continues to be a primary area of focus for the Group. The non-performing loan (NPL) ratio rose to 12.0% (2024: 10.2%) due to a notable increase in impairment charges, largely attributable to significant industry-wide exposure within the oil and gas sector, consistent with similar treatments by other major syndicate banks. Notably, the underlying collateral values remain more than adequate to cover exposures, offering robust downside protection, while anticipated customer repayments are expected to contribute positively to profit recovery. The coverage ratio improved significantly to 98.7% (2024: 54.8%), reflecting enhanced balance sheet resilience. Overall, the Group is further reinforcing its credit risk management framework, intensifying recovery initiatives, and strategically repositioning the loan portfolio toward greater sustainability and resilience.

The Group upheld a solid and highly liquid balance sheet, as evidenced by a 10.0% rise in customer deposits to ₦18.9 trillion. This growth was bolstered by a high-quality CASA mix of 93.1%11, signalling ongoing customer trust and a stable funding platform. Meanwhile, loans and advances experienced a modest 2.3% increase, reaching ₦9.0 trillion, consistent with the Group’s prudent and disciplined approach to risk.

The Group enhanced its capital base, with share premium increasing significantly to ₦458.4 billion following a successful capital raise. Total shareholders’ funds also rose from ₦2.8 trillion to ₦3.3 trillion. Overall, the Group is making strong progress in rebuilding its capital, supported by sustained revenue growth, disciplined earnings retention, decisive capital raising efforts, and ongoing loan recoveries.

Business Groups:

Commercial Banking

Gross earnings of ₦3,355.4 billion up 8.1% y-o-y (Dec 2024: ₦3,104.5 billion)

Net interest income of ₦1,887.2 billion, up 36.1% y-o-y (Dec 2024: ₦1,386.6billion)

Non-interest income of ₦348.0 billion, down 49.0% y-o-y (Dec 2024: ₦682.7 billion)

Operating expenses of ₦1,205.6 billion, up 32.7% y-o-y (Dec 2024: ₦908.7 billion)

Profit before tax of ₦201.2 billion, down 72.1% y-o-y (Dec 2024: ₦720.8 billion)

Profit after tax of ₦129.3 billion, down 78.4% y-o-y (Dec 2024: ₦599.3 billion)

Total assets of ₦26.7 trillion, up 4.8% y-o-y (Dec 2024: ₦25.5 trillion)

Customers’ loans and advances (net) of ₦9.0 trillion, up 2.3% y-o-y (Dec 2024: ₦8.8 trillion)

Customers’ deposits of ₦18.9 trillion, up 10.0% y-o-y (Dec 2024: ₦17.2 trillion)

Investment Banking & Asset Management (IBAM)

Gross earnings of ₦72.8 billion, down 30.1% y-o-y (Dec 2024: ₦104.2 billion)

Profit before tax of ₦31.9 billion, down 43.6% y-o-y (Dec 2024: ₦56.5 billion)

Total assets of ₦535.3 billion, up 4.0% y-o-y (Dec 2024: ₦514.9 billion)

 

admin by — May 9, 2026 in Business 0
11 Plc Eyes Growth In Alternative Fuels To Drive Downstream Business

11 Plc is positioning itself for growth in alternative fuels, particularly compressed natural gas (CNG), as the downstream sector undergoes significant transformation.

It is also strengthening partnerships with domestic refiners and expanding its footprint in alternative fuels to drive sustainable growth

Chairman 11Plc , formerly  Mobil Oil Nigeria Plc, Ramesh Kansagra, disclosed this in his address to shareholders at the 47th Annual General Meeting, chaired on his behalf by Non-Executive Director, Alhaji Abdulkadir Aminu..

He hinted that the emergence of domestic refining capacity presents opportunities for efficiency and challenges associated with price volatility and margin compression.

He expressed the company’s  commitment to constructive engagement with the Dangote Refinery with a view to fostering a mutually beneficial and symbiotic relationship.

The  company’s priorities, he said,  include expanding its white oil station network, enhancing operational efficiency, and diversifying revenue streams.

“We are confident that these strategic pillars will enable us to navigate uncertainties while positioning the company for sustainable growth and long-term value creation,” he added.

He also revealed that 11 Plc is focusing on optimizing asset utilization and maintaining strong corporate governance and financial discipline expressing  optimistic about the long-term prospects of the industry, with the increasing availability of locally refined products expected to enhance supply security and reduce systemic inefficiencies.

” The company’s commitment to alternative fuels is driven by its vision to become a leading player in the energy sector. 11 Plc is leveraging its strong brand reputation and distribution network to drive growth in Compressed Natural Gas and other alternative fuels ” he asserted

He also highlighted the import of collaboration in driving growth in the energy sector. stressing  “We are committed to working with our partners and stakeholders to create a conducive business environment and drive sustainable growth,” .

He expressed optimism that the  company’s focus on alternative fuels is expected to contribute significantly to its growth in the coming years,  adding that 11 Plc is well-positioned to capitalize on the opportunities presented by the evolving downstream sector.

He noted:” The company’s strategic initiatives are designed to drive sustainable growth and long-term value creation. 11 Plc is confident that its focus on alternative fuels, operational efficiency, and customer satisfaction will enable it to navigate uncertainties and achieve its goals.”

He averred that 11 Plc’s focus on alternative fuels is a key component of its growth strategy  which  is expected to yield positive results in the coming years.

 

admin by — May 9, 2026 in Business 0