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MAN Diesel & Turbo opens new office in Nigeria

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MAN Diesel & Turbo has opened a new sales office in Nigeria. The company’s new representation is located in the country’s main business location, Lagos. “We have been doing business in Nigeria for a long time. Now we are resident in one of Africa’s most economically powerful cities,” says Dr. Uwe Lauber, CEO of MAN Diesel & Turbo. “By deepening our local footprint we hope to further grow our business affiliations and strengthen our partnership with this country.”

New Managing Director for Nigeria is Adedayo Olowoniyi (35), who will be leading the Lagos office. Before taking on this new role, Olowoniyi was MAN’s Chief Financial Officer for the Sub-Saharan region.

“We see tremendous market potential in Nigeria,” says Olowoniyi. “The privatization of the local power market is driving investment and with only about 5.5 gigawatts installed today, there is a substantial need for additional decentralized generation capacity. The country’s overall economy is growing substantially and our products can help companies secure their energy supply without having to depend on the public grid.” With the new office, he considers MAN Diesel & Turbo to be well positioned for future endeavors in Nigeria and beyond. “Lagos is the country’s commercial capital, which is why we have chosen it as our first and main office.”

The German Consul General, Ingo Herbert, congratulated MAN Diesel & Turbo on the occasion of the foundation and opening of the company’s new Lagos subsidy: “Out of the approximately 50.000 German companies, that are active on a global level, only about 1.000 are present in Africa so far. MAN Diesel & Turbo is one of them. While MAN’s world famous trucks have been a familiar sight for many years, I am very pleased that people and companies in Nigeria now also have direct nationwide access to this company’s great high technology solutions in the field of energy generation. The Government and society of Nigeria are determined to tackle the current challenges in electricity supply and I am confident that MAN Nigeria Ltd. will make an important contribution here.”

 

MAN Diesel & Turbo is one of the world’s leading providers of large-bore diesel, gas and dual-fuel engines with a power output ranging from 450 kW to 87 MW. The company also designs and manufactures gas turbines, steam turbines and compressors and offers complete power plant solutions.

MAN Diesel & Turbo has been doing business in Africa for over fifty years. During that time, over 3.2 gigawatts of generation capacity have been installed in 37 African countries. “Our African history reaches back as far as 1951, when our first engines were installed in Mali and Senegal,” explains Uwe Lauber. “Today we operate from offices and service workshops in South-Africa, Senegal, Kenya, Angola and Namibia with a team of over 300 employees.”

“There are strong dynamics in many African markets,” says Martin Kalter, Senior Vice President at MAN Diesel & Turbo and Head of the company’s African power plants business. “We are currently building plants in Senegal, Niger and Burkina-Faso. In late 2013, we handed over the first gas-fired power plant that we ever built on the continent, in Gabon, to the client. 2014 saw another African premiere, when we commissioned an engine-combined cycle plant in Kenya,” explains Kalter. He also points out that the company’s African story is ongoing. “Like in the rest of the world, use of natural gas is increasing. Our gas engines, dual-fuel engines and gas turbines are an excellent fit for gas-rich regions, where distribution infrastructure is already in place or developing, such as in parts of Nigeria, for example. In more remote areas and for industrial and mining companies, our diesel engines are the right choice.”

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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