News
Fashola to Commission Candel’s Agrochemicals Manufacturing Plant

The Candel Company Limited, Nigeria’s leading agricultural inputs development and Distribution Company has announced that its integrated manufacturing facility for crop protection chemicals and foliar fertilizers at the Lekki Free Zone, Lagos is set for commissioning by Mr. Babatunde Fashola, executive governor of Lagos State.
The event which holds on Tuesday, May 26th means the Multi-Billion Naira project which is only in its first phase when completed will deliver a facility with a capacity for 80 million liters of formulated products per annum.
It will enable Candel to deliver solutions most suited to Nigeria’s tropical climate and peculiar farming systems.
There is currently no local production of crop protection agrochemicals in Nigeria with over $400 million in foreign exchange expended annually to import them.
Crop protection chemicals protect crops from weeds, pests and diseases when in the field, during transportation and in the store and are helping the quest for increased crop yields and better preservation by Nigerian farmers.
Candel’s factory is configured to produce products specially targeted at small scale farmers as well as customized formulations with different surfactant levels for large scale farmers.
The facility has five process plants for Soluble Liquids (SL), Emulsifiable Concentrates (EC) and Suspension Concentrates (SC) of products from diverse chemical families.
It has sufficient capacity to supply Candel’s own distribution network in Nigeria and Ghana with enough spare capacity for third parties in Nigeria and overseas. The target of the international market influenced its location at the Lekki Free Zone.
Construction of the production facility began in early 2014 after an extensive Environmental Impact Assessment (EIA) exercise under the full supervision and guidance of the Federal and Lagos State Ministries of Environment.
Charles Anudu, chairman of The Candel Company underlined the company’s innovative and entrepreneurial spirit as well as the many years of experience in the field of crop protection and nutrition thus: “Our company has a reputation for being at the leading edge of innovation and entrepreneurship that have helped to frame our industry in the context of the local realities. Our world class factory is geared towards tailor-made solutions that address the peculiarities of our farming systems thereby improving the industry economics and competitiveness of West Africa’s crop farmers”.
On his part, Mr. Emmanuel Kattie, managing director of Candel said, “We are determined to restore the quality standard that has since declined in our industry by ensuring that every product that is made in our facility meets the highest international standard for such a product. Nigerian farmers will get peace of mind when they buy any of the products made in this factory.
“We are very pleased that Candel chose the Lekki Free Zone to site its pioneering project and happy with the rapid progress and quality of construction so far. Projects of this nature create highly skilled and entry-level job opportunities for our local communities which is a major benefit of a Free Zone like ours. We will continue to ensure that the framework conditions are attractive for serious investors like Candel, especially with our state-of- the-art infrastructure” enthused Mr. Yonghua Ding, the Managing Director of the Lekki Free Zone Development Company (LFZDC)”.
The Candel Company Limited is one of West Africa’s leading companies offering an outstanding range of products including high value seeds, innovative crop protection solutions and market access support services that improve the industry economics of West Africa’s farmers.
With an extensive footprint in Nigeria and Ghana, and a major agrochemical production facility at the Lekki Free Zone, Lagos, Nigeria, Candel is playing a major role in addressing the peculiar farming systems of West Africa’s farmers, improving the quality of products offered to them as well as reduce the pressure on foreign exchange to import these products, which are often of questionable quality.
News
SEC Probes Ponzi Scheme Linked to FF Tiffany

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
News
US Launches ‘Window on America’ @ Ogun Tech Hub

The Ogun Tech Hub in Abeokuta, Nigeria received a significant step towards increasing digital access and empowering young people as US Embassy in Nigeria launched the ‘Window on America’ facility.
The newly opened centre will offer free high-speed internet, computer access, and targeted programs to help young Nigerians build essential skills in technology, entrepreneurship, and leadership.
In a post on X (previously Twitter), the US Embassy described the hub as a modern ICT and resource centre meant to promote digital inclusion and provide youths with skills.
“Hello Abeokuta! We’re thrilled to announce the opening of the Ogun Tech Hub Window on America. This dynamic space offers free high-speed internet, computers, and programs to help young people gain tech, leadership, and entrepreneurial skills,” the Embassy wrote.
The facility was established in collaboration with the Ogun State and GFA Technologies, a software solutions provider for startups and SMEs.
The Embassy said the facility is part of its wider network of 29 American hubs across Nigeria, designed to empower youth and broaden access to global knowledge and opportunities.
Speaking during the launch, Ogun State governor Dapo Abiodun urged young people to use the ICT industry for self-sufficiency and competitiveness globally.
He lauded the program as a public-private cooperation that connects Nigerian youngsters with global innovations.
The governor said: “The Ogun Tech Hub serves as a collaborative space for technologists, startups, and social entrepreneurs to develop tech-driven solutions for societal challenges. The partnership is aimed at positioning Ogun State as a leading tech hub in Africa, supporting creative problem-solving and commercial innovation.”
With the ‘Window on America’ program fully operational, Ogun State is well-positioned to boost youth empowerment and digital literacy.
News
TikTok Removes Over 3.6m Videos in Nigeria, Citing Safety Priorities


- Broadcasting2 days ago
Nigeria Week Ahead: Inflation, Oil and Naira in focus
- News2 days ago
EFCC: Accusations Against Our Chairman Are Baseless and Misleading
- Telecom1 day ago
MTN Nigeria Targets $1Bn Cloud Market with Largest Modular Data Centre
- Telecom1 day ago
NCC Introduces N10m Licence Fee for Bulk SMS Service
- E-Business1 day ago
Firm Highlights Top Risks of Quantum Computing
- General News1 day ago
Woodhall Capital and Partners Launch ₦1.5Bn Fund
- General News1 day ago
Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud
- General News1 day ago
AM Best Reaffirms Stable Outlook for Cyber Insurance Market