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MABISCO shuts down operation

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MABISCO shuts down operation

MABISCO shuts down operation

 

 

 

MABISCO– The owners of a major indigenous biscuits company in Nigeria, Mayor Biscuits Company Limited, say they will sell the multi-million-dollar biscuits plant to reinvest the proceeds into a new line of business.

 

 

 

 

 

In a statement signed by the Finance Director of the company, Segun Matthew, prior to shutting down operations in March this year, MABISCO had inaugurated over 300 established distributors nationwide in seven years.

 

 

MABISCO shuts down operation

 

 

 

“In seven years, MABISCO has accumulated five percent market share in the Nigerian biscuits market, with a sustained market presence in the North, West and East of the country,” the statement said.

 

 

 

 

 

It added that the plant was open to two sales options, including selling the plant or sale of the machines.

According to Matthew, “We want to sell MABISCO because we want to concentrate on our area of core competence of business.

 

 

 

“To achieve that, we have to divest appropriately.”

Established in 2016, MABISCO, with state-of-the-art biscuits manufacturing technologies, had a total capacity of 3.5tonnes per hour with access to Shell LNG Gas Terminal

 

 

The plant had packing machines that had the capacity to do 350 packs per minute.

MABISCO is situated in Agbara Industrial Zone, Ogun State and it has a land area of 73,732.391 Square metres (sq2m).

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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Dangote Feeds 50,000 Poor Families In Kebbi, Gombe States

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Dangote is committed to operational sustainability

Dangote Feeds 50,000 Poor Families In Kebbi, Gombe States

 
In continuation of its 2025 Annual National Food Intervention Programme, the Aliko Dangote Foundation (ADF), has distributed 50,000 bags of rice to poor and vulnerable families in Kebbi and Gombe States.
Flagging off the distribution of the intervention in Aliero Local Government Area of Kebbi State on Thursday(yesterday), the Kebbi State Commissioner for Special Duties, Alhaji Zayyanu Aliero, said the gesture was in line with the core values of the Foundation’s founder, Alhaji Aliko Dangote.
“This is commendable gesture, especially as it will improve the living conditions of the poor and most vulnerable people in the state.
“The distribution is in collaboration between the Foundation and the state government to ensure that the food reaches the most vulnerable individuals in each of the 21 LGAs of the state,” he said.
The commissioner lauded the Foundation for the kind gesture, saying it was the second edition of the foundation’s gesture to the vulnerable people in the state.
He disclosed that,”Out of the 25,000 bags of the rice allotted for the 21 LGAs of the state, 20 LGAs would get 1,000 each while Birnin Kebbi LGA, which is the highest in population, will get 3,000 bags and the other vulnerable people will get 1,000 bags of the rice.
“The distribution formula we have adopted for all the LGAs is, 150 bags for persons living with disability, 100 for deaf, 100 for blind, 20 for leper, 10 for albino people; 120 for imams, 100 for traditional rulers, divorcees 100, widows 150, Dan-Agaji group 50, and other vulnerable 100,” he noted.
Zayyanu Aliero explained that the partnership had helped the government to reach vulnerable residents efficiently, through community structures that understood local needs.
The commissioner revealed that Gov. Nasir Idris,” has introduced various initiatives to mitigate the economic challenges facing the people in recent times in the state.”
On their part, the Chairman of Aliero and Gwandu LGAs, Alhaji Abubakar Jadi, represented by his Vice Alhaji Aliyu Abubakar, and Alhaji Atiku Ahmad-Mandiya, lauded the foundation and the efforts of the state government for providing succour to the needies and the less- privileged members of the LGAs in the state.
They urged the beneficiaries to continue praying for the state and the nation, saying Gov. Nasir Idris’ administration remained committed to supporting vulnerable communities.
Speaking on behalf of the beneficiaries, Alhaji Anas Gwandu, thanked Alhaji Aliko Dangote for providing the food item, while praising him for thinking it wise to intervene in the lives of the beneficiaries.
Anas appealed to other well-to-do individuals to emulate Dangote by supporting those in need.
” As I am talking to you now, we have more than 600,000 people living with disabilities and they need special attention and assistance.
” The gesture as such will alleviate some of the challenges face by the poor, widows, divorcees, and most vulnerable people in the society, hence they need for all our wealthy individuals to emulate the foundation’s gesture, ” he urged.
 
Meanwhile, in Gombe State, the donation was handed over to the state government, through Alhaji Abubakar Inuwa Kari, the Chief of Staff to Governor Muhammadu Inuwa Yahaya, to oversee its distribution to the targeted beneficiaries, which includes widows, orphans, and other disadvantaged groups.
Speaking at the flag-off ceremony, Governor Inuwa Yahaya, represented by the Chief of Staff, Government House, Alh. Abubakar Inuwa Kari, expressed profound appreciation to the Aliko Dangote Foundation and the Chairman of the Dangote Group, Alh. Aliko Dangote, for his continued generosity in assisting the needy, particularly in Gombe State.
He noted that the foundation’s intervention is in line with his administration’s commitment to supporting the poor and vulnerable, especially during the sacred month of Ramadan.
He further commended the timeliness of the Aliko Dangote Foundation’s donation, emphasising that the distribution would follow the existing framework used in previous exercises to ensure equitable reach.
“When the commodities were handed over to the state government, we already had an established distribution structure with standing committees that had successfully handled previous exercises,” he noted.
Governor Yahaya directed that the rice be distributed using the same formula, which has consistently ensured efficiency and transparency in reaching the intended beneficiaries.
He urged the committee members to ensure that this round of distribution benefits a different set of vulnerable persons from those who received aid in previous exercises.
“Let this palliative go to a different set of beneficiaries so that more people can also benefit from this gesture,” he instructed.
He further charged committee members across the LGAs and wards to uphold transparency and accountability in executing their duties, while calling on the general public to continue praying for the progress and prosperity of Gombe State and the nation.
Earlier, the Executive Secretary of the Gombe State Emergency Management Agency (SEMA), Alhaji Abdullahi Haruna, reaffirmed that all donated food items would be distributed directly to the intended beneficiaries.
Speaking on behalf of the Chairmen of the 11 Local Government Areas of the state, Chairman of Gombe Local Government, Barr. Sani Ahmad Haruna, expressed appreciation to the Aliko Dangote Foundation for the continued support
Barr. Sani Haruna assured that the successes recorded in previous Ramadan distribution exercises would be replicated, guaranteeing that the items reach those in need.
In their separate remarks, representatives of various beneficiary groups, including the Secretary of Jama’atu Nasril Islam (JNI) in Gombe State, Alhaji Saleh Damburam; Chairman of the Christian Association of Nigeria (CAN), Rev. Joseph Shinga ; the Acting Chairman of the Association of Persons with Disabilities (PWDs), Abdullahi A. Bello; and representatives of civil society organisations, lauded the Dangote Foundation for the initiative.
They appreciated the foundation for recognising the targeted groups and coming to their aids, especially at this critical time.
“We are forwarding our appreciation to the Dangote Foundation, who in their wisdom donated these rice to be distributed to the people of Gombe state, particularly those in dire need,” Alhaji Saleh Danburam, the state JNI secretary stated.
Also, Chairman of the state chapter of CAN, Joseph Shinga said, “I wish to express our deepest gratitude to the Aliko Dangote Foundation for extending this gesture to our people. On behalf of CAN, the youth wing and the ‘Zumuntan Mata we thank you all who sat down and brought out the sharing formula.”
Representative of the Gombe Network of Civil Society (GONET), Ibrahim Yusuf (3000) stated that the donation comes at a crucial time when the targeted beneficiaries are grappling with food and economic hardship.
The event featured the symbolic allocation of palliatives to six organizations, namely: JNI, CAN, FOMWAN, PWDs, CSOs, and Hisbah alongside the formal handing over to state and local government committees for onward distribution across LGAs, wards, and polling units.

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GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

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GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

GODFATHER OF BANKING, JIM OVIA, ADMITTED TO THE FREEDOM OF THE CITY OF LONDON

 

The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, has been admitted to the prestigious Freedom of the City of London in a distinguished ceremony which held at the Mansion House, City of London on Monday, April 7, 2025. This prestigious accolade is a testament to Mr. Ovia’s exceptional contributions to the global financial landscape, unwavering commitment to fostering economic development, and dedication to philanthropic endeavours that have positively impacted countless lives.

 

The Freedom of the City of London, a time-honoured tradition dating back to the 13th century, is one of the oldest surviving ceremonies in the United Kingdom. Historically, it granted freemen certain rights and privileges within the city. Today, it stands as a symbolic recognition of individuals who have made outstanding contributions to London or the wider society.  This honour places Mr. Ovia among a distinguished group of recipients, which includes notable figures from various fields such as Nelson Mandela, Bill Gates, Sir Winston Churchill, Desmond Tutu, Harry Kane, Morgan Freeman and Ian Wright.

 

Commenting on his new status as a Freeman of the City of London, the distinguished honoree, Jim Ovia, CFR said “It is indeed a great honour to be admitted to the prestigious Freedom of the City of London. This is not just a recognition of my personal achievements, but also a testament to the tireless efforts of the entire Zenith team who have worked diligently to establish our institution as a leading force in global finance. I am proud to be part of a legacy that celebrates innovation, excellence and the spirit of entrepreneurship. I dedicate this to the people of Nigeria and Africa who continue to inspire me with their resilience and determination. I look forward to continuing to play a role in shaping the economic landscape of our great continent and beyond.”

 

Joining the nation in congratulating Mr. Ovia, President Bola Tinubu, through a press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, commended Mr. Ovia for being a distinguished ambassador of the nation’s private sector. He described the honour as a fitting recognition of his exceptional contributions to business, innovation, and technology, as well as for his role in shaping Nigeria’s financial landscape and strengthening economic ties between Africa and the rest of the world.  According to him, “This honour is a testament to your unwavering commitment to excellence, your pioneering role in the growth of the financial services sector in Nigeria, and your visionary leadership that continues to inspire generations. As an accomplished entrepreneur and advocate of innovation-driven development, your recognition in the City of London affirms the global relevance of Nigerian excellence and enterprise”.

 

Dignitaries at the ceremony include Former President of Nigeria, Chief Olusegun Obasanjo, GCFR; Governor of Lagos State, Mr. Babajide Sanwo-olu; Governor of Delta State, Rt.Hon. (Elder) Sherrif Oborevwori; Governor of Enugu State, Dr. Peter Mbah; President of Dangote Group, Alhaji Aliko Dangote, GCON; Minister of State for Finance, Dr. Doris Uzoka-Anite; Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, MFR; Minister of State for Foreign Affairs, Bianca Odumegwu-Ojukwu; Oba of Oniru, Oba Abdulwasiu Lawal; Group Managing Director, TGI Group of Companies, Rahul Savara; Obi of Onitsha, Igwe Nnaemeka Alfred Achebe, CFR, and His Eminence John Cardinal Onaiyekan, who joined Zenith Bank Executives in celebrating this significant milestone.

 

This well-deserved recognition rides on the back of many other prestigious awards that Mr. Ovia has received for his outstanding contributions to banking, education and philanthropy including conferment of Commander of the Federal Republic (CFR) & National Productivity Order of Merit (NPOM) Award in 2022 by the Federal Government of Nigeria. He was also named the Banker of the Year in 2007 and Titan of the year in 2024 by ThisDay Newspaper, and received the African Business Leader Award from the Africa-America Institute. He received honorary degrees from the University of Lagos as well as from the University of Nigeria, Nsukka and was recognized by Forbes Africa as one of the most influential figures in banking.

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Travel update: No More Manual Bag Searches at Lagos Airport – FAAN

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Federal Government Moves to Slash Sky-High Airfares as Minister Keyamo Exposes Airline Tactics

#TravelUpdate | No More Manual Bag Searches at Lagos Airport – FAAN

Last year, I sat down with HM Festus Keyamo, Minister of Aviation and he set out a number of grand plans. I remember telling him Nigerians will hold him to account in those promises and true to his words, he has delivered on most. (Watch full interview in link below)

Now, as part of efforts to improve Aviation Security at our airports, FAAN has phased out physical luggage checks at the Murtala Mohammed International Airport (international terminals) in a major upgrade to Nigeria’s aviation experience and the experience of travellers at the airport.

The Koko of This Matter:
With the deployment of cutting-edge Orion 928DX scanners, passengers will now enjoy faster, smarter, and more secure screening.

These AI-powered machines can detect:
•Narcotics
•Undeclared currency
•Explosives
•Organic and agricultural products

All flagged items will trigger automated secondary screening, eliminating delays and reducing human interference.

2. FAAN is also deploying e-gates, dismantling old search tables, and installing central surveillance across agencies — Customs, Immigration, NDLEA, and more — to ensure accountability and transparency.

Nigeria’s airports are entering a new era on the back of reforms in the aviation sector. Welcome to modern travel.

Well done, @FAAN_Official @fkeyamo @officialABAT

#TheTiger

https://x.com/otegaogra/status/1910031691684684085?s=46&t=8F-ucXA74YZTtncamgUBZQ

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