The Coca-Cola Company has sold Chivita|Hollandia (CHI Ltd.) to UAC of Nigeria Plc. Head of Public Affairs and Communications, Mrs Zainab Obagun, announced this development in a statement in Lagos. NAN reports that Chivita|Hollandia is a leading food and beverage player in Nigeria with portfolios across value-added dairy products, juices, nectars, still drinks and snacks….
The Management of Dangote Cement said it will inaugurate the 3Mta grinding plant in Côte d’Ivoire by the third quarter (Q3) of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports. Chief Executive of Dangote Cement, Arvind Pathak, in a note to the Nigerian Stock Exchange…
BUA Foods Plc has reported a strong financial performance for the half year ended June 30, 2025, posting a significant boost in revenue and profitability, rising by 36 per cent to ₦912.5billion, up from ₦672.3billion reported in the corresponding period of 2024. The growth was driven by a notable increase in sales volume and a…
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has thrown its weight behind Nigeria’s recent constitutional reform that allows states to generate and distribute electricity. The Commission described the development as a major step towards improved energy access and a strategic gateway for Nigeria to attract global climate finance. Speaking at the First African Conference…
The National Agency for Science and Engineering Infrastructure (NASENI) and the Bureau of Public Procurement (BPP) has signed a Memorandum of Understanding (MoU) on the implementation of “Nigeria First” Policy on procurement, projects and other related matters. Spokesperson of NASENI and Director of Information, Olusegun Ayeoyenikan, said the Nigeria First Policy is an initiative of…
Presidential Committee on Tax Policy and Fiscal Reform has said the ongoing tax reforms go beyond revenue generation, aiming instead to reposition the country’s economic trajectory. Its Chairman, Mr Taiwo Oyedele, made this clarification in Lagos at the inaugural Annual Workshop for Attorneys-General on emerging issues in the communications sector. Oyedele noted that the reforms…
The Minister of Aviation and Aerospace Development, Festus Keyamo and the Ministry of Finance Incorporated (MOFI), led by its Managing Director, Dr. Armstrong Ume Takang , have met to explore investment opportunities within the aviation sector as part of broader efforts to reposition the industry as a cornerstone of economic transformation. Accompanied by representatives of…
Telecom giant, MTN Nigeria, has reported a 54.6 per cent growth in its service revenue posting to N2.4 trillion in the first half of this year, according to its financial results the period ended June 30, 2025. The carrier also said its subscribers increased by 6.7 per cent to hit 84.7 million, properly cementing its…
MTN Nigeria’s Chief Executive Officer, Dr. Karl Toriola, has restated the commitment of the carrier to redefining end user experience of its services to customers. He gave the assurance when he responded to live questions from customers during its inaugural Customer Engagement Day (CED) at MTN Rooftop, Ikoyi, Lagos, delivering on its promise to listen,…
