Author: Newsjaunts

Rite Foods Limited, Nigeria’s leading food and beverage company, has reaffirmed its commitment to building a sustainable food system as it commemorates World Food Day 2025, themed “Hand in Hand for Better Food and a Better Future.” For Rite Foods, ensuring food security begins with responsible and sustainable production. The company’s state-of-the-art, fully automated factory operates on 92% natural gas and 8% shared between solar energy and diesel hybrid energy systems, a conscious shift toward cleaner, more efficient energy use. This innovation significantly reduces the company’s carbon footprint while improving operational efficiency and product safety, reinforcing its long-term vision for sustainable…

LAGOS, NIGERIA – 17th October 2025 – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces completion of its second tranche of N50billion capital raise.• N50billion Special placement subscribed by 100%• Total Qualifying Capital now N264billion; above N200bn threshold• Bank further surpasses regulatory requirements for Commercial Bank with National Authorization Lagos, Nigeria – October 15, 2025 — Wema Bank Plc is pleased to announce that it has received all requisite regulatory approvals for its ₦50 billion Private Placement capital raise. This is in addition to the earlier ₦150bn Rights Issue that was successfully completed in September 2025. The…

The Lagos State House of Assembly has said it is considering a Railway Corporation bill for a body that would oversee the daily running of the train and related infrastructure in the state. The Speaker of the Assembly, Mudashiru Obasa, the Majority Leader of the House, Noheem Adams and the chairman of the transport committee of the House, Adewale Temitope, made the position known on Wednesday at a stakeholders’ meeting. According to them, the bill aims to strengthen the state’s transport infrastructure and improve the efficiency in the transportation sector. In his remarks, Obasa, who was represented by the Deputy…

Abuja, Oct.15, 2025 (NAN) A Senior Advocate of Nigeria, Mohamed Ndarani, SAN has called for the investigation of all retired Chief Executive Officers and Directors in MDAs as well as public office holders ahead of the 2027 general elections. Ndarani who made the call at a news briefing on Wednesday in Abuja said the call was necessary as another set of elections and the accompanying electioneering campaigning are practically around already. He suggested that retired civil servants should be barred from contesting for any elective positions for at least one year to give the anti-corruption agencies the opportunity to investigate…

As the race for Oyo 2027 gathers momentum, the air is thick with familiar tunes of ambition — Ibadan’s seasoned gladiators sharpening their rhetoric, Ogbomosho’s strategists whispering alliances, and Oke Ogun, once again, standing at a historic crossroads. For decades, the region has served as Oyo’s loyal powerhouse — delivering votes, producing food, and upholding peace — yet still waiting patiently for its turn to lead. This time, the call is louder, the mood is clearer, and the resolve is firmer. Oke Ogun must rise, and in its rising, it must rally behind one of its own — Amofin Beulah Adeoye…

Globacom, through its social investment vehicle, Glo Foundation, on Friday hosted hundreds of girls from various secondary schools across the country to a symbolic walk and movie outing as part of activities mapped out to celebrate this year’s International Day of the Girl Child. One hundred girls selected from five secondary schools across Lagos were received at the corporate head office of Globacom, Mike Adenuga Towers, Victoria Island, where they received encouraging words from senior female executives of Globacom. The girls were drawn from Queens College, Sabo Yaba; Vivian Fowler Memorial College, Oregun, Ikeja; Herbert Macaulay Girls Senior High School,…

Pernod Ricard Nigeria, through its flagship brand Jameson Irish Whiskey, has announced its support for Afrobeat Rebellion — an immersive cultural and musical exhibition dedicated to celebrating the life and legacy of Afrobeat pioneer, Fela Anikulapo-Kuti. The 12-week-long exhibition will run from October 12 to December 28, 2025, at the Ecobank Pan African Center, Victoria Island, Lagos, featuring concerts, live performances, exhibitions, book readings, film screenings, and children’s programme. Speaking on the partnership, Evane Chenuet, Marketing Director, Pernod Ricard Nigeria, said: “Jameson has always been deeply connected to culture and creativity. Supporting Afrobeat Rebellion is a natural extension of our…

Abuja, Nigeria – October 14, 2025 – Interswitch TechConnect 5.0 train successfully made its latest stop in Abuja, following an impactful kickoff in Enugu, as the series continues to advance conversations around innovation, collaboration, and compliance across Nigeria’s digital payments landscape. Organised by Interswitch, one of Africa’s leading integrated payments and digital commerce companies, the event convened financial institutions, regulators, fintech innovators, and ecosystem players to explore emerging opportunities within the evolving digital payments ecosystem. Held at The Wells Carlton, Asokoro, and themed “United Frontiers: Growth Powered by Innovation, Collaboration and Compliance,” the Abuja edition featured thought-provoking discussions on how technology and regulation are jointly shaping…

The Nigerian Consumer Credit Corporation (CREDICORP) has been named Consumer Credit Access Company of the Year at the 13th BusinessDay Banks and Other Financial Institutions (BAFI) Awards, held in Lagos on Saturday. The prestigious event is organized annually by BusinessDay, Nigeria’s foremost private-sector newspaper, renowned for its authoritative analysis and independent reporting. The awards convene leading players across banking, fintech, and financial services. Other notable winners at the event included: CREDICORP — a Federal Government institution that has existed for barely 18 months — emerged alongside such established private-sector brands. The BusinessDay’s selection cites the Corporation’s speed of results, innovative products, and “ecosystem-first model” as key factors…

Fidelity Bank’s market leadership has been affirmed once again as the tier-one lender bagged double honours at the BusinessDay Bank and Other Financial Institutions’(BAFI) Awards 2025. At the awards ceremony, which was held at the Lagos Continental Hotel, Victoria Island, Lagos on Saturday, 11 October 2025, Fidelity Bank was presented with the awards for the “Best Bank for Export & Trade Finance” and “Most Innovative Bank of the Year”. Dedicating the Export and Trade Finance Award to its customers, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe,OON, who was represented by the Executive Director/Chief Operations and Information…