Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the same period of 2024. According to the provisional result, net profit for the second quarter of 2025 stood at […]
Category: Industry
Industry
UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola
UAC of Nigeria Plc has announced it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies, from The Coca-Cola Company. The proposed transaction, subject to regulatory approvals, marks a major milestone in UAC’s strategic growth agenda within […]
Nestlé Nigeria Empowers Rural Women in Ogun State
Nestlé Nigeria Plc has announced the expansion of its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State. Aimed at strengthening small businesses and enhancing livelihoods within rural communities, this program has welcomed 49 new female retailers. The Nestlé Empowering Rural Women in Nigeria […]
Dangote Sugar Posts N430.21bn Revenue in 2025 Half Year
Dangote Sugar Refinery Plc has reported a revenue of N430.21 billion in the six months ended June 30, 2025, which in contrast to N295.62 billion earned in the same period in 2024 represents a 45.53 percent increase. According to financial reports posted on the portals of the Nigerian […]
LCCI Urges Economic Action as Nigeria’s Q1 GDP Grows 3.13% …Calls for Strategic Reforms Amid Rising Inflation, Weak Naira
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Nigerian government to shift focus from statistical optimism to real economic reform, following the release of rebased GDP data and the 3.13% real growth recorded in the first quarter of 2025. While acknowledging that the rebasing exercise—updating […]
Nestlé Nigeria Trains 100 Plastics Waste Workers
Nestlé Nigeria Plc has launched a comprehensive Safety, Health, and Environment (SHE) Training Program, empowering 100 plastic waste workers across Lagos and Abuja. This initiative aims to enhance the safety and wellbeing of these invaluable workers while empowering them and promoting their dignity within the plastics recycling […]
NIMASA Shuts ShellPlux, TMDK Terminals Over ISPS Code Violations
The Nigerian Maritime Administration and Safety Agency (NIMASA) has sealed off two petroleum storage terminals—ShellPlux and TMDK—located in the Ijegun-Egba area of Lagos, citing persistent violations of the International Ship and Port Facility Security (ISPS) Code. According to a notice issued on Thursday by the agency’s Head of […]
Plural Health Emerges to Tackle Africa’s Fragmented Healthcare Systems
As African countries push for universal health coverage, a persistent challenge continues to undermine progress: fragmentation. From disconnected hospital systems to slow insurance processing and inaccessible patient records, the lack of coordinated digital infrastructure remains a major barrier to effective healthcare delivery on the continent. Plural Health, a Nigerian health […]
Notore Chemical Completes Plans To Delist From NGX
Notore Chemical Industries Plc has officially concluded arrangements to delist its shares from the Nigerian Exchange Limited (NGX), following the implementation of a court-approved Scheme of Arrangement involving the company and its minority shareholders. In a notice issued to the NGX and made available to the investing public […]
PZ Cussons Exits Palm Oil JV as Wilmar Buys 50% Stake for $70m
PZ Cussons plc and Wilmar International Limited jointly announce Wednesday (Today) that the two parties have agreed definitive terms for Wilmar to purchase the 50 per cent equity stake in PZ Wilmar Limited held by PZ Cussons plc, for cash consideration of $70m. According the transactional document, completion of […]