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Shop Big Deals this Black Friday on Squad Black November!

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Squad

With Black Friday finally around the corner, HabariPay is thrilled to announce that it has launched a seller community platform highlighting some of its merchants who have amazing deals for the season! Shoppers are encouraged to check out the Squad Black November sale page here to buy fashion pieces, groceries, household items, electronics, food, art, and so much more at unbeatable discounts! The sale is currently live and will run from now till 30th November 2022.

With over 60% of shoppers set to purchase Black Friday deals online this year, HabariPay launched its #SquadBlackNovember campaign to help small businesses seamlessly showcase their products and services online. The company also supported these businesses with discounted logistics, FREE advertising, and connections with millions of ready-to-buy customers to ensure they would achieve massive sales during the period.

Also, beyond the discounted prices, customers also have the opportunity to win shopping vouchers and coupons through trivia and contests on the brand’s pages. Follow and stay tuned @Officialsquadco on all platforms to be a part of this!

Thinking of treating yourself or getting some early Christmas presents? Shop the Black November sale here – https://squadco.com/black-november/!  

PS: You still have a chance to be a part of this campaign as a merchant! Follow these steps:

  • Sign up to Squad here – https://dashboard.squadco.com/sign-up and complete your KYC (if you haven’t).
  • Upload the products you have for the black Friday sale to your Squad Storefront in readiness for sale, and make sure you reflect the discounts on each product.
  • Visit the Google form here to input your details! Share your business name & category, brand logo, email, phone number, and Squad Storefront link.

For additional support or questions about participating in this campaign, please send an email to smesupport@squadco.com.

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Transcorp Hilton Abuja wins Seven Stars Luxury & Lifestyle Award for the 5th time in 7 year

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transcorp hilton

Transcorp Hilton Abuja has been named the Best Luxury Business Hotel at the 2022 Seven Stars Luxury & Lifestyle Awards. The hotel, which is the flagship property of leading hospitality brand Transcorp Hotels Plc, had earlier won the award in 2016, 2017, 2018, and 2019.

The Seven Stars Luxury Hospitality and Lifestyle Awards (SSLHLA) is the most exclusive award for the luxury Hospitality and Lifestyle industry. According to organisers, SSLHLA is designed to identify and separate the exceptional from the absolute best.

Mrs. Dupe Olusola Managing Director/CEO Transcorp Hotels Plc, while commenting on the award said, “We are honoured to be recognised as the Best Luxury Business Hotel in Nigeria for the 5th time in seven years.

“We are proud to add this award to many other prestigious awards we have won this year. This achievement is evidence of our success in consistently delivering on our customer promise, as we continue to innovate and provide our guests with unparalleled experiences at all our touch points.”

Transcorp Hilton Abuja recently won 5 major categories of the World Travel Awards, including Africa’s Leading Business Hotel. The hotel also won the World Luxury Hotel and Restaurant Awards, TripAdvisor Travellers’ Choice Award, and Booking.com Traveller Review Award, among other recognition, received this year.

With 667 rooms and suites – including 30 presidential suites – spread over 10 floors, Transcorp Hilton is the choice hotel for heads of state, captains of industries, royalties, and global celebrities. The hotel boasts a choice of 8 restaurants and bars including the 24-hour Piano Lounge, 24 meeting rooms, a Business Center, and a 1200-person capacity Congress Hall. The hotel is also constructing a world-class convention center.

Leisure facilities at the hotel include a 24-hour fitness center, a spa, an outdoor swimming pool, tennis courts, squash courts, as well as volleyball and basketball courts.

Apart from Transcorp Hilton Abuja, Transcorp Hotels Plc also owns Transcorp Hotels Calabar, and Aura by Transcorp Hotels, an online platform for booking homes, hotels, and experiences. Transcorp Hotels is also working on a new property in Lagos, as it continues to expand in line with its vision of becoming Africa’s leading hospitality brand.

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FG Receives N293bn As FAAC Allocates October Revenue

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FG Receives N293Bn, As FAAC Allocates October Revenue

The Federal Government received N293.955 billion in distributable revenue from Federation Account Revenue (FAAC) October allocation.

This was disclosed in a circular by the committee, as a total sum of N736.782 billion was shared between the Federal Government, states, and local government councils.

The circular read;

“The N736.782 billion total distributable revenue comprised distributable statutory revenue of N417.724 billion, distributable Value Added Tax (VAT) revenue of N213.283 billion, Exchange Gain revenue of N5.775 billion, and N100.000 billion Augmentation from Non-oil Revenue.

READ ALSO: FG, States, LGs Shares N954 Bn For July – FAAC

“In October 2022, the total deductions for the cost of the collection were N33.555 billion, and the total deductions for transfers, savings, and refunds were N186.749 billion.

“The balance in the Excess Crude Account (ECA) was $472,513.64.

“The communiqué confirmed that from the total distributable revenue of N736.782 billion; the Federal Government received N293.955 billion, the State Governments received N239.512 billion and the Local Government Councils received N177.086 billion. The total sum of N26.228 billion was shared with the relevant States as 13% derivation revenue.

“Gross statutory revenue of N622.270 billion was received for the month of October 2022. This was lower than the sum of N825.710 billion received in the previous month by N203.440 billion.

“From the N417.724 billion distributable statutory revenue, the Federal Government received N206.576 billion, the State Governments received N104.778 billion and the Local Government Councils received N80.779 billion. The sum of N25.591 billion was shared with the relevant States as 13% derivation revenue.

READ ALSO: FG, States, LGs Shares N954 Bn For July – FAAC

“For the month of October 2022, the gross revenue available from the Value Added Tax (VAT) was N229.041 billion. This was higher than the N203.960 billion available in the month of September 2022 by N25.081 billion.

“The Federal Government received N31.992 billion, the State Governments received N106.642 billion and the Local Government Councils received N74.649 billion from the N213.283 billion distributable Value Added Tax (VAT) revenue.

“The N5.775 billion from the Exchange Gain revenue was distributed as follows: the Federal Government received N2.707 billion, the State Governments received N1.373 billion, the Local Government Councils received N1.058 billion and the relevant States received N0.637 billion as 13% derivation revenue.

“From the N100.000 billion Augmentation, the Federal Government received N52.680 billion, the State Governments received N 26.720 billion and the Local Government Councils received N20.600 billion.”

According to the Communiqué, in the month of October 2022, Value Added Tax (VAT) and Companies’ Income Tax (CIT) increased significantly while Oil and Gas Royalties, Petroleum Profit Tax (PPT) Import Duty recorded considerable decreases. However, Excise Duty increased marginally.

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Dangote Sugar boosts its $700m investment; increases Numan sugar plantation by 179% to 24,200 hectares

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Dangote Sugar

President of the Dangote Group, Alhaji, Aliko Dangote, has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master plan (NSMP).  

Speaking at the Flag off Ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa State, Dangote said the company is making massive investments in Adamawa State through the expansion of DSR Numan sugar refining capacity from 3,000 tons of cane per day (tcd) to 6,000 tcd, 9,800 tcd and to 15,000 tcd.

Noting that increasing the sugar refining capacity will require a corresponding increase in sugarcane production capacity, he revealed that the company has concluded plans to increase its sugar plantation from the current land area under cane production of about 8,700 hectares in 2022 to about 24,200 hectares within the next 7 years. He also assured that the company will double its scholarship and empowerment schemes in its host communities. 

“We will continue to introduce more initiatives to support our host communities. Through these initiatives and our numerous Corporate Social Responsibility activities which are numerous to mention, DSR Numan will be able to touch the lives of the people, bringing social, economic, and infrastructural development to our host communities.” 

He said: “We are thus committing over $700 million to our investment in the Backward Integration Programme (BIP) to enable us to put in place needed infrastructure for the eventual commencement of full-scale production,” he said.  

Dangote further assured that Dangote Sugar will change the trajectory by making Nigeria self-sufficient in the sector.  

Already, the company noted that it has spent billions of naira in developing infrastructural facilities for host communities.   

Speaking, also at the event, the Minister of Industry, Trade, and Investment Otunba Adeniyi Adebayo described the Dangote Refinery as the biggest contributor to the sugar development stride of the Federal Government.  

The Minister also commended Aliko Dangote and the Management staff of Dangote Sugar for their massive support through the company’s corporate social responsibility scheme which he said should be highly commended.  

He said Agencies under his ministry will partner with the company to provide the technical know-how that will support the Dangote empowerment schemes in the host communities.  

In the same vein, Governor of Adamawa State, Umaru Fintiri who was represented by his Deputy Crowther Seth said he was amazed by the social-economic transformation carried out by the Dangote Group, adding that it is monumental. He assured the company of the support of the state government and enjoined other corporate bodies to imbibe Dangote’s spirit of job creation across the country. 

Speaking on behalf of the traditional rulers, Hama Bachama   Dr. Daniel Shaga Ismail described Dangote as God-sent and pledged that his people would continue to support the company.  

Aliko Dangote further announced a Free Education for all the students of Dangote Sugar Refinery High School, among other scholarship winners announced.   

The overall best Outgrower farmer, Christiana Rufus thanked the company and promised not to relent in her effort. 

Six farmers mostly women emerged as overall best farmers in the contest. 

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