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Zenith Beta Life Promo Is Still On!

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Adron Homes Empowers Women And Advocates For Gender Equality On International Women’s Day 2024 [PHOTOS]

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In a grand and impactful celebration of International Women’s Day 2024, Adron Homes went above and beyond to champion the cause of women’s empowerment and advocate for gender equality. The day was marked by a series of events aimed at uplifting women and addressing pressing societal issues.

One of the highlights of the day was the comprehensive training sessions conducted for both Adron Homes’ staff and members of the general public. These sessions, designed to enhance skills and knowledge, served as a platform for fostering inclusivity and empowering individuals from all walks of life.

A highlight of the day was the heartwarming visit to Anike House, Lagos State University Teaching Hospital (LASUTH), where the team from Adron Homes took proactive steps to alleviate the burdens of patients, especially women, by settling their hospital bills. Representing the Vice Chairman of Adron Homes, Olori Aderonke Emmanuelking, was Mrs. Ajobo Adenike, the Managing Director of Adron Homes (Southern Nigeria), who led the delegation with grace and compassion.

Accompanying Mrs. Adenike were key figures from Adron Homes, including Mrs. Aminat Olaniyan-Haastrup, the Director of Customer Service, and Mrs. Ihouma Azuru, the Director General of Sales and Marketing (Southern Nigeria), along with other esteemed directors. Their presence underscored the company’s commitment to women’s empowerment and social responsibility.

The visit also served as a poignant reminder of the importance of accelerating efforts towards gender equality. In line with the global theme of the day, Adron Homes reiterated the crucial role that women play in building nations, cities, communities, and homes. The company emphasized the need for their inclusion and investment, recognizing that empowering women is not only a moral imperative but also a catalyst for societal progress.

In commemorating International Women’s Day 2024, Adron Homes showcased not only its dedication to empowering women but also its firm belief in the transformative power of collective action. As trailblazers in the real estate industry, Adron Homes continues to inspire positive change and shape a more equitable future for generations to come.

Happy International Women’s Day.

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Heirs Energies: Powering Nigeria’s Economy with Domestic Gas Supply

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  • Sole Gas Supplier to Geometric Power Plant

Heirs Energies, Africa’s leading integrated energy company, has announced a further expansion of its gas supply business, supplying the recently commissioned 188 MW power plant operated by Geometric Power Limited, located in Aba, Abia State.

Heirs Energies is a leading provider of gas to the Nigerian National Grid, and already supplies TransAfam Power Limited, with a capacity of 966MW, and First Independent Power Limited (FIPL), with a capacity of 541MW. Heirs Energies also supplies gas to local distribution companies, gas-based industries, and other industrial customers.

Founded in 2021, Heirs Energies operates OML17 and related infrastructure, with a mission to ensuring that Nigerian businesses and consumers derive direct and ongoing benefit from the country’s natural resources. All gas produced from OML 17 is supplied to the domestic gas industry.

Heirs Energies is pioneering a new era in Nigeria’s energy sector. With the operation of OML17 and its associated assets, the company has been pivotal in ensuring a reliable and sustainable gas supply, directly contributing to the nation’s industrial and economic growth.

Heirs Energies’ gas supplies to these critical power plants not only reinforce its major role in Nigeria’s energy sector, but also underscore its strategic vision in developing operational synergies throughout the energy value chain.

Creating a Nigerian champion in domestic gas supply represents a further example of Heirs Holdings role as a long-term strategic investor in the Nigerian energy sector, with interests in the recently listed Transcorp Power Limited, TransAfam, and Abuja Electricity Distribution Plc, and as an operator of oil-producing assets more than 50,000 barrels of oil equivalent per day (boe/d). With a unique vision of ensuring Africa’s natural resources serve Africa’s interests, the Heirs Group is driven by founder Tony Elumelu’s Africapitalism philosophy of ensuring businesses deliver both economic and social benefits to stakeholders.

Osa Igiehon, CEO of Heirs Energies, praised the company’s growing impact: “Our ability to supply these three major power plants demonstrates Heirs Energies’ dedication to lighting up Nigeria and supporting our country’s journey towards economic and social prosperity.   We are not just participants in the energy sector; we are facilitators of growth and development, driven by a mission to ensure that Nigeria’s natural resources benefit its people.”

Heirs Energies’ gas plant in Agbada, Rivers State, produces over 80 MMSCFD (million standard cubic feet per day) of gas. 100 percent of this gas output is channelled into the domestic market to meet local demands, supporting Nigeria’s energy needs and exemplifying Heirs Energies’ commitment to powering thousands of homes, schools, hospitals, and industries, reinforcing its role in catalysing Nigeria’s industrialisation.

Heirs Energies Limited (formerly HeirsHoldings Oil & Gas Limited) is Africa’s largest indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs whilst aligning with global sustainability goals. With a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads the evolving energy landscape and contributes to a more prosperous Africa.

For more information about Heirs Energies and our projects, please visit www.heirsenergies.com.

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BUSINESS: CBN Slashes Customs FX Duty Rate By 5.3% As Naira Stabilises

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Following the stability in the exchange rate of naira to the dollar, the Central Bank of Nigeria (CBN) has further slashed the exchange rate for computing Customs duties at the nation’s seaports by 5.3 percent.

The Customs FX duty rate was reviewed downward from N1630.159/$ to N1, 544.081/$ on Monday, March 04, 2024, according to information obtained from the official trade portal of the Nigeria Customs Service.

This represents a 5.3 percent reduction when compared to the old rate of N1630.159/$ used as of Friday, March 2, 2024, and a decrease of N86.078 on a dollar needed to clear goods from the port.

Reacting, Tony Anakebe, an industry analyst, said the CBN needs to stabilise the FX rate for Customs duty evaluation to reduce the economic impact of paying a high tariff on businesses.

According to him, there is a lull at the port as importers are no longer finding the business environment favourable due to high import duty and fluctuating FX rates for duty calculation.

It was gathered that the apex bank last week, issued a new directive to Customs to use the rate on the date of submitting Form M for calculating import duties.

With the slash, importers opening Form M today Monday, March 4, 2024, for import trade, will have a little relief in terms of the money that would be used to pay import duties compared to the importer who opened Form M last week.

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