Business

Lingzhi Global Champions Coffee Culture at Jos Awareness Campaign

Published

1 month ago

July 24, 2026

Preport

Lingzhi Global, with the slogan “For Africa, By Africa,” has launched a coffee awareness campaign in Jos, Plateau State, aimed at promoting coffee consumption while highlighting the economic, agricultural and health opportunities the coffee industry offers to individuals and the nation.

The event brought together captains of industry, political leaders, celebrities, entrepreneurs and members of the public for a celebration of coffee and its growing potential as a driver of economic development.

Speaking at the event, the organisers said the campaign goes beyond promoting Lingzhi Global’s coffee products. It seeks to educate Nigerians on the importance of coffee as one of the world’s most consumed beverages and how a thriving coffee industry can create jobs, improve livelihoods and strengthen local economies.

According to the organisers, increased coffee consumption will stimulate demand, encourage more people to invest in coffee farming and processing, and ultimately build a sustainable coffee value chain across Nigeria.

The campaign also encouraged participants to explore opportunities within the coffee industry, including coffee cultivation, roasting, processing, packaging, distribution and retail, positioning coffee as a viable source of entrepreneurship and employment.

As part of the exhibition, Lingzhi Global showcased a wide range of its products, including:

Lingzhi Green Tea
Lingzhi Black Coffee
Lingzhi Premium Café Au Lait
Lingzhi Premium Ginseng LG Boost
Lingzhi Chocolate
Lingzhi Coffee Beans
Lingzhi Artisan Roastery
Lingzhi Espresso

The event was organised by the Chief Executive Officer of Lingzhi Global, Blessing Nenman, who reaffirmed the company’s commitment to promoting coffee culture across Africa under its vision of “For Africa, By Africa.”

One of the highlights of the festival was the free coffee tasting session, where guests sampled different coffee varieties and experienced the unique flavours and benefits of Lingzhi Global’s products.

Organisers expressed optimism that the awareness campaign would inspire more Nigerians to embrace coffee—not only as a healthy beverage but also as a catalyst for economic empowerment, agricultural development and sustainable wealth creation.

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IPMAN Urges FG to Intervene in Dangote Refinery Pricing to Reduce Petrol Cost

Published

4 hours ago

September 3, 2026

Preport

Dangote Refinery News Central TV 1024x683 1.jpg

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Federal Government to intervene in the commercial operations and pricing of the Dangote Petroleum Refinery in a bid to reduce the rising cost of petrol across the country.

The appeal followed a fresh increase in petrol pump prices, with the product now selling between ₦1,310 and ₦1,345 per litre in Abuja and neighbouring areas.

IPMAN National President, Abubakar Maigandi, made the call while reacting to the recent surge in petrol prices, which he attributed to upward adjustments in gantry and ex-depot prices by the Dangote Refinery and private depot operators.

Maigandi urged the Federal Government to engage domestic refiners and broker an agreement that would help bring down the cost of petrol for consumers.

He stressed that such government intervention should not be regarded as a return to the former fuel subsidy regime, but rather as a targeted measure to cushion the impact of rising energy costs.

“We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices.

“The government should intervene with Nigerian refiners, and this will lead to a reduction in fuel prices. It is different from fuel subsidy. In a situation where there is difficulty, the government should step in,” Maigandi said.

According to IPMAN, strategic government engagement with domestic refiners could help stabilise petrol prices, reduce the impact of fluctuations in international crude oil prices and ease the burden of rising energy costs on households and businesses.

The association maintained that ensuring affordable and stable petrol prices remains critical to reducing transportation and operating costs across the country.

Business

Dangote Cement sets date for London capital markets day ahead of LSE listing

Published

6 hours ago

September 3, 2026

Preport

Dangote Cement Plc will hold a high-level engagement with investors and other capital market players in London next month to bring the foreign investing community up to speed with key corporate goals and direction in the lead-up to its secondary listing in the city.

Sub-Saharan Africa’s biggest cement manufacturer told the Nigerian Exchange, where it already has a primary listing, on Wednesday, that its shareholders have assented to the proposal to host “a Capital Markets Day (CMD) in London on 21 September 2026.”

“The CMD will provide investors and other stakeholders with an update on the Company’s strategy, operations and business priorities, as well as an opportunity to engage with the Company’s senior management,” it added.

The move is the next phase of Dangote Cement’s bid to secure a quicker pathway to international capital and foreign investors than what a local listing in Lagos affords, using London as a window to the world.

Other objectives include a wider shareholder base, which a listing on a bourse of LSE’s repute promises, and the potential to consolidate its status as a leading pan-African corporation.

The company highlighted those aims when it first announced the decision in May.

Nigeria’s new frontier market status could boost trade

The step to hold the capital markets day on 21 September will receive timely support from FTSE Russell’s upgrade of Nigeria from “unclassified” to a frontier market, taking effect the same day next month.

Nigeria lost its place among frontier market economies in 2023 after an enduring FX crisis, dating back to the global oil price crash resulting from pandemic lockdowns in 2020, forced the Central Bank of Nigeria to ration dollars to conserve its direly low reserves.

The currency squeeze led several potential foreign investors to look elsewhere for a haven after the investments of existing foreign portfolio investors were trapped in the web of the crunch.

Foreign participation in Nigeria’s equity market, which dominated trade in the years before 2020, is yet to regain its pre-pandemic levels.

According to Nigeria Exchange’s latest data, foreign participation in equity trading stood at 5.6 per cent in July, while domestic participation accounted for the rest.

That compares to September 2019, three months before COVID-19 broke out, when foreign trading in equities was as high as 66.8 per cent.

The improved visibility for foreign investors that an FTSE Russell upgrade offers to Nigerian stocks could attract large inflows into transactions in Dangote Cement’s shares, both locally and on the LSE.

If plans work out, the company will be quoted under the international commercial companies secondary listing framework, it said in May.

Dangote Cement promised to provide the agenda and presentation documents for the London event in September, along with other relevant information, at an appropriate time.