Abandoned Niger Gas Company Enugu Revived After Decades of Neglect

The Enugu State Government on Thursday unveiled the revived Niger Gas Company Limited situated at Emene in Enugu East Local Government in Enugu State, Nigeria. The company, which had lain waste for over 3 decades, is one of the many government facilities the present administration earmarked for revival in its bid to rid the state of moribund assets. Niger Gas Company Limited was established in 1962 by Dr. Michael Okpara, Premier of Eastern Nigeria, in...

Tinubu Hosts NGX Board, Securities and Exchange Commission DG In Brazil

…Lauds Nigeria Capital Market Growth President Bola Tinubu hosted the Director-General of the Securities and Exchange Commission (SEC) and the Board of Directors of Nigerian Exchange Group Plc (NGX) during his state visit to Brazil. He also hailed Nigeria’s capital market’s remarkable growth since he assumed office over two years ago. According to him, the phenomenal rise in market capitalisation and increased trading activity has broadened investment opportunities for Nigerians and international investors. In a...

Champion Breweries Acquires Bullet Brand from Distell Nigeria

Champion Breweries Plc, a subsidiary of enJOYcorp and a stalwart of Nigeria’s brewing landscape since 1974, has struck a pivotal agreement to acquire the renowned Bullet ready-to-drink (RTD) alcoholic and energy-beverage portfolio from Sun Mark International Limited. In a statement made to the Nigerian Exchange, Champion Breweries confirmed it will assume full ownership of all brand assets and intellectual property associated with Bullet. The deal will be structured through a newly formed Netherlands-based entity, in...

9mobile Relaunches as T2 to Revive Brand

Nigeria’s fourth-largest telecom operator, 9mobile, has officially rebranded to T2, marking what the company describes as the start of “a bold new chapter” in its history. The unveiling took place on Friday at the Eko Hotels and Suites, Lagos, during a corporate event tagged ‘Tech Meets Tenacity’, attended by industry leaders, government officials, and top entertainers. The transformation sees the company swap its signature green for an orange colour, signalling a fresh direction for its...

UBRBDA Boss Assures Contractors Of Due Process In Awarding Contracts

The Upper Benue River Basin Development Authority, UBRBDA, Yola, has assured contractors handling various projects of transparency and due process in awarding contracts. Dr. Mahmud Sanusi Mohammed, Managing Director, Upper Benue River Basin Development Authority, Yola, gave the assurance during the opening of Technical bidding for 2025 that covers works, supply, and goods held at the conference hall of the Authority in Yola, Monday. Represented by the Executive Director, Finance and Administration of the Authority,...

Oil Suppliers Clash With Dangote Over Plans To Bypass Traditional Fuel Distribution Network

…Seek FG Intervention Over Looming Job Loss The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has raised an alarm over Dangote Refinery’s imminent plan to distribute petroleum products directly to end users, bypassing established distribution networks. Benneth Korie, NOGASA’s President stated that the approach could hurt Nigeria’s fuel market, threaten thousands of jobs, and potentially result in long-term product scarcity if not carefully managed. Korie, while speaking at the association’s Annual General Meeting...

The Coca‑Cola Company has formally entered into an agreement to sell Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC, pending regulatory approval. CHI Limited is a prominent Nigerian food and beverage firm with a diversified portfolio of value‑added dairy products, juices, nectars, still drinks and snacks. The Hollandia brand leads the market in evaporated milk and drinking yoghurt, while Chivita dominates the fruit juice segment. The transaction aligns with Coca‑Cola’s ongoing strategy to adopt a...

Oyo Gov’t To Enforce Ban On Bola Ige International Market

Due to insecurity in the popular Gbagi Market, Ibadan, the Oyo State government has expressed its readiness to enforce a ban on Sunday trading at the Bola Ige International Business Complex. Hon. Adeniyi Adebisi, commissioner for Investment, Trade, Cooperatives and Industry, who stated this on Thursday, in his Office at the Secretariat, Ibadan, said the ban would curb rising insecurity and restore order at the market. “Criminal elements were increasingly exploiting the less crowded Sunday...

Adamawa Gov’t Approves N22.8 Billion Budget Adjustment

The Adamawa State Executive Council has approved a budget reallocation of N22.8 billion within the existing 2025 budget of N486.2 billion. Mr. Emmanuel Pridimso, Commissioner for Budget and Planning, disclosed this to newsmen after the Council meeting chaired by Governor Ahmadu Umaru Fintiri at the Government House in Yola on Wednesday. According to him, many ministries had already exhausted their operational funds due to rising costs. “We are seeing increased prices in nearly all sectors,...

Service Industry Grows GDP By 3.13% In Q1 2025

Nigeria’s Gross Domestic Product (GDP) has increased by 3.13% in real terms year-on-year in the first quarter of 2025, according to a report released on Monday by the National Bureau of Statistics (NBS). The growth is mainly driven by the service industry, the growth rate surpasses the 2.27% recorded in the first quarter of 2024. The NBS recently rebased the GDP, using 2019 as the new base year for calculations, a decision driven by the...

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