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SON Moves to Address Egg Glut



  • SON Moves to Address Egg Glut

The Standards Organisation of Nigeria has initiated moves to address egg glut in the country through the production of egg powder.

The Director-General of SON, Osita Aboloma, stated in Kaduna at a training programme organised by the organisation for poultry farmers, urging them to invest in the production of egg powder.

Aboloma, who was represented at the event by the Kaduna State Coordinator for SON, Mr. Dalami Datti, said that the workshop was aimed at assisting stakeholders to achieve best practices in the sector, including value addition, which also had a way of impacting on demand.

He was quoted as saying that semi-processing egg into powder would help to reduce glut and price competition in the system.

He said it would also create more jobs and more industries, adding that SON was ready to assist farmers in this regard.

On the training, Aboloma said the objective was to ensure that farmers adhered to the basic standards in poultry farming, especially with particular reference to production, grading and storage.

He said, “We want farmers to know that there are standard rules to adhere to and best practices that can help advance the sector. It is in the interest of both the farmers and consumers of the product.”

The DG also charged farmers on the need to ensure the packaging and grading of eggs for sale, adding, “Sorting makes possible eggs of the same size are packaged in the same place. This will bring order and help consumers have value for their money.”

He stressed that SON was more than ready to support farmers as well as the Small and Medium Enterprises to improve standards, build their capacity and to sell, so that the job creation aspiration of the current administration would be achieved.

The Chairman, Poultry Farmers Association of Nigeria, Kaduna State chapter, Ishaku Dogo, was quoted as saying that the training had exposed members of the association to pertinent standardisation issues concerning their sector.

He said they had come to realise that standards had a role to play in their success in poultry business.

He implored SON to replicate the training in other states of the federation so that more farmers would be better informed.

The agency had in recent times intensified efforts towards supporting various sectors of the economy and enhancing their potential, through the deployment of relevant standards.

According to Aboloma, once standards were improved and adopted across various sectors, it would lead to increased demand for Nigerian products at both local and international markets.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


MTN Nigeria, Gameloft Partner to Increase Access to Variety of Exciting Games




MTN Nigeria announced it has partnered with Gameloft, a leader in the development and publishing of games, to increase access to a variety of fun and exciting games online.

The telecommunications giant in collaboration with its new partner, Gameloft announced the launch of MTN Gameworld, a new gaming platform for its subscribers.

According to MTN, the new platform will allow the Nigerian growing gaming community access to a lot of unique games online through an extensive premium catalogue from Gameloft and other renowned publishers.

Commenting on the partnership, Srinivas Rao, the Chief Digital Officer, MTN Nigeria, said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.”

MTN Gameworld will allow subscribed customers access to a variety of games, which they can play at subsidised data rates through the MTN Gameworld app. Android, iOS and Windows phone users can subscribe via SMS, app, web, USSD menu (*447#), 131 USSD menu and any other MTN customer channel.

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President Buhari Commissions 5,000bpd Modular Refinery Built in Imo State



President Buhari

President Muhammadu Buhari on Tuesday commissioned the 5,000 barrels per day modular refinery built by Waltersmith Group in Imo State.

President Buhari, who commissioned the new modular refinery virtually, said the refinery will enable Nigeria to export petroleum products to neighbouring countries and other markets.

The 5,000 barrels per day Waltersmith Modular Refinery is the first phase of 50,000 barrels per day combined capacity plant planned for Imo State, according to the Group.

Buhari commended Waltersmith Group, an indigenous oil firm, and the Nigerian Content Development and Monitoring Board for the collaboration that led to the actualisation of the modular refinery.

President Buhari, therefore, directed the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation, the Department of Petroleum Resources and all other relevant government agencies to provide Waltersmith all the necessary support in terms of access to crude oil and condensate feedstock.

Buhari said, “We rolled out our refining roadmap in 2018, to address challenges in the downstream sector. After many years of government giving out modular refining licences without any coming on-stream, we are today seeing a commissioning within two years.

“The plan to commence the expansion of this refinery to 50,000bpd capacity, to refine crude oil and condensate, is a demonstration of the economic reform Nigeria is undergoing.

“The realisation of the refinery roadmap will ultimately lead us to becoming a net exporter of petroleum products, not only to our neighbouring countries but to other wide markets,” he said.

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Elon Musk Net Worth Jumps by $100 Billion this Year to Topple Bill Gates, Mark Zuckerberg, Others 



Tesla earnings

Elon Musk, the Chief Executive Officer and founder of Tesla, is now the world’s second-richest person following another surge in the price of Tesla share.

Musk total net worth jumped by $7.6 billion to $110 billion between November 16 and 17 to dethrone Facebook founder, Mark Zuckerberg, from the third position.

Since then, Tesla stock has been on a bullish run and in the last 24 hours added $7.24 billion to Elon Musk’s total net worth, according to Bloomberg Billionaire Index. Bringing the billionaire’s total net worth to $128 billion.

Elon Musk’s net worth rose from just $28 billion in January 2020 to $128 billion on November 24, 2020, representing an increase of $100 billion, the highest by any billionaire.

Musk has finally toppled Bill Gates as the second richest person and for the first time, Bill Gates is the third richest man in the world. This is the first time in almost 40 years that Gates will be in the third position.

Billionaires listed on Bloomberg Index have collectively gained $1.3 trillion this year.

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