Author: Ifetayo Adeniyi

BUA Foods hits ₦276.1bn, posts 101% profit growth in H1 2025 BUA Foods Plc has posted a 101% year-on-year growth in profit before tax, reaching ₦276.1bn for the half-year ended June 30, 2025. According to the company’s unaudited financial results filed with the Nigerian Exchange Group on Wednesday, revenue rose by 36% to ₦912.5bn, driven by strong performance across its sugar, flour, pasta, and rice segments. The rice division in particular saw a remarkable 2923% surge in revenue, growing from ₦1.3bn in H1 2024 to ₦39.3bn in the same period this year. Gross profit increased by 55% to ₦339.3bn, with…

Super Falcons hit Lagos with WAFCON trophy Super Falcons parade streets of Lagos on Wednesday Photo Credit: Pooja Media African champions the Super Falcons parade the streets of Lagos on Wednesday for a trophy parade after winning the 2024 WAFCON in Morocco. This marked the 10th triumph of the Falcons on the continental stage after their previous triumphs in 1998, 2000, 2002, 2004, 2006, 2010, 2014, 2016 and 2018. While still basking in the euphoria of the presidential honour and cash rewards, the team arrived in Lagos on Wednesday afternoon and embarked on a trophy parade across major points on…

Northern states light rail projects to begin soon – Alkali Sen. Sa’idu Alkali Minister of Transportation, Sen. Sa’idu Alkali, says light rail projects in Northern States of the country will begin soon. Alkali disclosed this at plenary on infrastructure at the Sir Ahmadu Bello Memorial Foundation ‘s two-day interactive Session on Government-Citizens Engagement on Wednesday in Kaduna. According to him, the project, which will initially focus on Kaduna and Kano, is part of efforts to enhance public transportation and boost economic productivity and growth in the region. “The project is being supported through the Ministry of Finance Incorporated (MOFI),” he…

FG targets 4,200MW from renewable  battery energy storage system to boost National Grid FG targets 4,200MW from renewable  battery energy storage system to boost National Grid The Federal Government has initiated plans to deploy renewable energy battery storage systems to enhance the stability of the national electricity grid. The initiative aims to enable the integration of 4,200MWp of solar photovoltaic (PV) power into the national grid by 2030. Speaking at the inaugural workshop on the Nigeria Battery Energy Storage System (BESS) Feasibility Study, hosted by the Transmission Company of Nigeria (TCN) in collaboration with the African Development Bank Group and…

2Baba, Natasha Hold Private Wedding Natasha and Tubaba 2Baba, Natasha Hold Private Wedding Popular Nigerian musician, Innocent Idibia known popularly as Tubaba has married his latest lover, Natasha Osawaru in a private wedding ceremony, in Abuja. According to report, the low-key event was attended by close family members, with videos circulating online showing the couple posing with their traditional wedding cake. This development comes months after 2Face engaged the serving Edo State lawmaker in February 2025, just days after publicly announcing his separation from his wife, Annie Macaulay Idibia. The marriage has since sparked widespread conversation on social media, with…

Both NDLEA, Education Ministry On Same Page For Students Drug Test Both NDLEA, Education Ministry On Same Page For Students Drug Test The National Drug Law Enforcement Agency (NDLEA) and the Federal Ministry of Education have agreed on a compulsory drug integrity test for students of tertiary institutions and the review of current secondary school curriculum to include drug education. These were part of the agreement reached between the organisations when the NDLEA chairman/chief executive, Brig.-Gen. Mohamed Marwa (rtd) led a delegation of his management team to a meeting with the Minister of Education, Dr. Tunji Alausa in Abuja, on…

Federal Fire Service: Tinubu appoints new Controller-General Olumode Samuel Adeyemi * Outgoing CG attains the retiring age of 60. President Bola Tinubu has appointed the Deputy Controller General of the the Federal Fire Service, (FFS) Olumode Samuel Adeyemi as the new substantive Controller-General of the Service. The appointment was announced in a statement on Wednesday by the Secretary of the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB), Major Gen. Abdulmalik Jibril (rtd) on behalf of President Tinubu. The appointment of the new Controller-General is effective from August 14, 2025. The Board said the appointment followed the “imminent retirement…

FG sets standard for public sector leadership through LEAPS Lydia Jafiya The Federal Government’s effort to improve the value of leadership in public services has brought about the launch of the Leadership Excellence in Africa’s Public Service (LEAPS) Program. The programme purposefully targeted at redefining public sector leadership. The programme which is anchored by African Capacity Building Foundation, is a response to the demand for visionary, innovative, and ethical leadership in the public service in the continent. This step has made Nigeria part of Cote d’Ivoire, Ghana, Kenya, Senegal and Zimbabwe on the LEAPS programme. While inaugurating the programme, the…

AU, GIZ, Sterling One Foundation Rally for Private Sector Inclusion in Africa’s Women and Youth with launch of $100 Billion Drive L–R: Dr. Nadi Albino, Deputy Director, UNICEF; Prudence Ngwenya, Director, Women, Gender & Youth Directorate (WGYD), African Union Commission (AUC); Olapeju Ibekwe, CEO, Sterling One Foundation; and Dr. Tobias Thiel, Director, GIZ African Union Portfolio, at the recently held Private Sector Roundtable, co-convened by Sterling One Foundation and the African Union Commission, a pre-summit engagement of the fourth edition of the Africa Social Impact Summit in Lagos recently. The Women and Youth Financial and Economic Inclusion (WYFEI 2030), a…

TRANSCORP GROUP POSTS IMPRESSIVE H1 2025 RESULTS, GROWS REVENUE BY N279.7BN AND PROFIT BEFORE TAX TO N85.7B President/Group Chief Executive Officer, Owen Omogiafo, OON • Declares N4.064bn interim dividend Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Nigeria’s leading listed conglomerate, announced its H1 unaudited results, showing impressive year-on-year growth, for the period ended June 30, 2025. Transcorp Group’s H1 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to close at N85.7 billion compared to N70.9 billion recorded in H1 2024. Despite continuing economic headwinds,…