Backward Integration: Dangote targets 700,000MT of refined sugar in four years - ITREALMS

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…As Q1 revenue rise by 20.1% to N122.7bn

Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP).

Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this at the company's 18th Annual General Meeting (AGM) held yesterday in Lagos, just as the Nigerian Exchange released the company’s first-quarter result for 2024, indicating an increase of 20.1 per cent in its revenue to N122.7 billion.

Rivers fire disaster: FRSC blames tanker drivers jostling for space - ITREALMS

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The Federal Road Safety Corps (FRSC) has identified the cause of the weekend fire disaster along the ongoing reconstructed section of the East West Road in Rivers State, blaming tankers drivers who were jostling for space, reports ITREALMS.

The fire, ITREALMS gathered, consumed some five persons including a pregnant woman and 120 vehicles.

Tragedy in Rivers State: A missed opportunity for Akpabio - ITREALMS

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During my online vigil with a particular church, I came across a distressing video on WhatsApp. 

In the video, a young man, his voice filled with pain and desperation, called out to the Governor of the State for help as vehicles, both commercial and private, went up in flames.

The incident occurred around 8:45 pm on a Friday, leaving behind a scene of devastation – charred remains of people, vehicles, and goods. Tragically, more than five individuals, including a pregnant woman, lost their lives in the blaze. Over 100 vehicles were consumed by fire, with many others sustaining injuries and requiring hospitalization. The scale of the loss is truly staggering.

Experts: Fintech to drive economy, lifts millions out of poverty in Nigeria - ITREALMS

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Leveraging Financial Technology (Fintech) will promote financial inclusion, enhance the well-being of Nigerians and ensure sustainable economic growth, according to experts, reports ITREALMS.

These took the centre-stage at the maiden Nigeria Fintech & Financial Inclusion Roundtable 2024 organised by Business Journal Media Group in Lagos, as experts dissents the 'Role of Fintech & Financial Inclusion in Citizen Empowerment and Economic Growth' stated that proper leverage of fintech will enhance the economy of the nation and take Nigerians out of poverty.

Dangote cement export increases by 87.2% - ITREALMS

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Dangote Cement Plc has revealed that it dispatched some seven ships of clinker from Nigeria to Ghana and Cameroon within the first quarter of 2024 thereby increasing its export by 87.2 per cent at 264kt, reports ITREALMS.

A press statement from the company endorsed by Sunday Esan, informed ITREALMS that while the company commissioned 10 of the 17 Alternative Fuel Projects across the Group, the local demand for cement, in the same period under review in Nigeria increased significantly by 26.1 per cent to 4.6Mt and the overall group volume rose by 12.3 per cent to 7.0Mt, for the same quarter under view.

Qualcomm shortlists startups for Make in Africa 2024, awards 2023 Wireless fund - ITREALMS

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Qualcomm Incorporated has shortlisted startups for its Make in Africa 2024, as well as the winner of the 2023 Wireless Reach Social Impact Fund, reports ITREALMS.

The Qualcomm Africa Innovation Platform, now in its second year, aims to work with and support the development of Africa's emerging technology ecosystem by providing mentorship, education, and training programs with a focus on 5G, Edge-AI/ML, Compute, and IoT. 

African elections under rising threat from online disinformation - ITREALMS

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In an unprecedented year for elections in Africa, the increasing use of digital disinformation poses a rising threat to democracy across the continent, researchers warn today.

New evidence shows that politicians have been undertaking increasingly sophisticated digital disinformation campaigns. Designed to intentionally disseminate false information on platforms such as Facebook and X, the campaigns are increasingly using tactics such as trolls, cyborgs and bots to disrupt debate and drown-out dissent.

Paga @15, unveils new products - ITREALMS

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Foremost online payments platform, Paga has introduced three new possibilities for Nigerians to benefit from for a safer, easier and quick transactions to secure their money, reports ITREALMS.

Founding Chief Executive Officer, Paga, Tayo Ovionu, made this known in a brief interactive media session on Thursday at their Lagos headquarters during the celebrate the company 15-years of financial freedom to all Nigerians.

Airtel Nigeria leads telecom market surge - ITREALMS

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In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year.

According to the NCC data, by the end of March 2024, Airtel Nigeria has grown its market share over the last year into a remarkable 29%, solidifying its position as a leading telecom provider in the region.

The Interregnum by Tim Akano - ITREALMS

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We welcomed 2024 with dancing, high-five, kisses, hugs, and singing amidst blinking red lights everywhere, worldwide. On the left hand, the world carried a hamper of chaos into 2024 with frightening contents, while on her right hand, a briefcase of HOPE.

From the start of the year, there was a convergence of chaos in the Middle East: Hamas ‘’no gree’’ for Israel, Pakistan dared Iran, Houthis opposed America and Britain in the Red Sea, while Syria and Turkey are locking horns in a titanic battle of supremacy.