Author: ODUNLAMI SEUN ORIYOMI
A Federal High Court in Ikoyi, Lagos, has thrown out a motion by Lafarge Africa Plc challenging the court’s jurisdiction to hear a suit against its planned sale of the company to a Chinese investor. A Nigerian company and Shareholder in Lafarge Africa, Strategic Consultancy Limited, had taken the cement company to court over its planned divestment of 83.8 percent majority shares held by its parent company in the Nigerian cement industry. Lafarge, which is listed on the Nigerian exchange, acquired 83 percent of the total shares of three federal government-owned cement companies during the privatisation exercises of 2001 and…
The Secretariat of the Nigeria Union of Journalists (NUJ), Ogun state council, popularly known as Iwe Iroyin situated along Oke Ilewo road in Abeokuta marks its first ever 24hours uninterrupted power supply. The power supply is courtesy of a 12KW 48V/200A Solar Power System, and Street Lights was Donated by Senator Shuaib Afolabi Salisu, the Senator Representing Ogun Central Senatorial District. The formal test run, presiding it’s official commissioning slated for the 16th May, 2025 was held on Wednesday till Thursday, without any blinks to the power supply. The elated members of the council, overjoyed with the latest development lauds…
Nestlé Professional has reaffirmed its commitment toaccelerating youth entrepreneurship, with a workshop in Lagos to upskill over 300 operators and attendants within its My Own Business (MYOWBU) program. MYOWBU is designed to empower young people across Central and West Africa by helping them establish sustainable careers in street vending. More than a vending initiative providing affordable beverage solutions such as NESCAFÉ and MILO enjoyed by millions of Nigerians every day, it is a sustainable means of livelihood for many young people seeking dignified work, financial independence, and a chance to build a better future. “We are excited to host this MYOWBU workshop in Lagos, bringing together hundreds of committed operators and attendants,” said Mrs. Funmi Osineye, Business Manager for Nestlé Professional. “At the…
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has described the Federal Inland Revenue Service (FIRS) as the cash cow responsible for the fiscal sustainability of the three tiers of government. RMAFC member, Bimbo Kolade, who doubles as the commission’s Inland Revenue Monitoring Committee (IRMC), said this in Abuja on Thursday during the inauguration of a joint FIRS-RMAFC Technical Committee at the FIRS headquarters. A statement by Sikiru Akinola, Technical Assistant on Media to the FIRS chairman said the federal, quoted Kolade as stating that federal, state and local governments are able to make projections and execute projects because of…
By Michael-Azeez Ogunsiji 24 hours to the National Sports Festival, Nigeria’s finest Athletes set to shine in Abeokuta. The National Sports Festival is a premier multi-sport event in Nigeria that brings together athletes from across the country to compete in various disciplines. This year’s edition, hosted by Ogun State, is expected to showcase the state’s hospitality and economic potentials. Beyond the sporting spectacle, the festival is anticipated to have a significant impact on Ogun state’s economy. Nearly two decades after making history in 2006, Ogun State is once again taking center stage. Back then, the Gateway Games left a lasting…
Lagos, Nigeria – May 1, 2025 – Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. Growth in interest income was primarily led…
As part of efforts to bolster foreign investment under the Nigeria-China Strategic Partnership (NCSP), Director-General Joseph Tegbe recently hosted Ms. Aisha Rimi, the Executive Secretary and Chief Executive Officer of the Nigerian Investment Promotion Commission (NIPC). This meeting underscored the ongoing collaboration between the NCSP and the NIPC, particularly in facilitating the seamless entry and establishment of Chinese businesses in Nigeria. Over recent months, both entities have worked together to create a more investor-friendly environment for Chinese enterprises. The partnership seeks to deepen economic ties between Nigeria and China, leveraging Chinese investment to support Nigeria’s economic diversification efforts—especially in key…
Lagos, Nigeria – May 8, 2025 — Airtel Nigeria, a leading telecommunications service provider and subsidiary of Airtel Africa, has announced that it is doubling its capital investment commitment to the Nigerian market, reinforcing its unwavering dedication to delivering superior service and driving digital inclusion. This unprecedented investment surge covers critical infrastructure upgrades, rural coverage expansion, advanced data solutions, customer experience enhancements, and community-driven initiatives. The move also underlines Airtel Nigeria’s continued role as a pivotal force in the nation’s digital transformation and economic progress. Network Expansion & Enhanced Service Quality At the heart of Airtel’s investment strategy is the expansion and fortification of its network infrastructure, aimed at significantly elevating connectivity and customer experience across…
The Ogun State Government said that the Gateway International Airport has the most advanced technology. It said that the airport, located at Ilishan/Iperu axis of the state, would stand the test of time with the modern facilities and state-of-the-art aviation technology. The Managing Director of the Airport, Captain Dapo Olumide, stated this when he conducted a group of journalists who were on a 3-day training tour of Ogun State around the airport. He emphasized that as an international airport, it is imperative that it be provided with the latest trends in the aviation industry. He said: “Everything about electronics in…
A Federal High Court in Abuja has ruled that the Federal Competition and Consumer Protection Commission (FCCPC) does not have the legal authority to regulate or question how companies determine the prices of their products or services in Nigeria’s free market economy. The ruling, delivered by Justice James Omotosho, came in a suit filed by Multichoice Nigeria—operators of DStv and GOtv—challenging the FCCPC’s interference in its pricing structure. The company also sought protection from an earlier legal challenge filed by lawyer Festus Onifade, which sought to restrain Multichoice from increasing subscription prices on its pay-TV platforms. Although Justice Omotosho dismissed…