archive2025

Revenue: Grew by 24% to ₦442.1 billion Gross Profit: Increased by 39% to ₦160.91 billion Profit After Tax: Rose by 124% to ₦125.28 billion Total Equities: Improved by 29.2% to ₦554.34 billion BUA Foods Plc has announced its unaudited financial results for the first quarter of 2025, demonstrating robust growth...

The Federal Government has declared Thursday a public holiday to mark this year’s Workers’ Day. Workers Day is celebrated every year on May 1. Announcing this in a statement on Tuesday, the Minister of Interior, Olubunmi Tunji-Ojo, commended Nigerian workers for their diligence and sacrifice. He recognised their efforts as...

Osun State has received multiple awards in recognition of its leadership in climate change action and environmental sustainability. The honours were presented at the closing of the Pre-Africa Infrastructure, Climate Change and Investment Summit (AICIS-2025) Stakeholders Engagement Workshop held at the Western Sun Hotel, Ede. The three-day workshop, which ran...

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has decried the lack of compliance with best practices, rules and regulation in Ministries, Departments and Agencies, MDAs in the country, stressing that it is one of the gateways to corruption in Nigeria. He made the...

Nestlé Nigeria PLC has reported an acceleration in profitable growth and a substantial improvement in operating and financial performance for the first quarter of 2025. The company achieved a profit before tax of N51.2 billion, a significant turn-around from a loss of -N196.1 billion in Q1 2024. Nestlé Nigeria PLC...

The Nigeria Deposit Insurance Corporation (NDIC) is proud to announce its exceptional performance at the 2025 Federal Public Service Innovation Competition, emerging as both the overall winner (1st place) and Third runner-up (3rd place) out of 155 competing entries from across Ministries, Departments, and Agencies (MDAs). This remarkable achievement was...

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has called for an urgent review of the Nigerian Communications Act 2003, citing the rapid evolution of digital technologies and the growing demands of Nigeria’s ICT ecosystem. He said this while speaking at a Colloquium on the...

The National Working Committee, NWC, of the Peoples Democratic Party, PDP, has threatened legal action against Delta State Governor Sheriff Oborevwori and other key stakeholders who recently defected from the party to the ruling All Progressives Congress, APC. After a marathon six-hour closed-door meeting at its national secretariat in Abuja...

Governor Charles Soludo has extended warm felicitations to traditional rulers in the Southeast, stressing that collaboration is vital to the region's development. The governor made this submission at a recent meeting of the South East Traditional Rulers Council, where he stated that it is necessary to foster unity and dwell...

Rite Foods Limited, the Nigerian manufacturer behind the widely celebrated Fearless Energy Drink, has raised fresh concerns over the conduct of Mamuda Beverages Limited following what appears to be a circumvention of a consent judgment previously agreed between both parties. In January 2025, Rite Foods initiated legal proceedings against Mamuda...