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...

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...

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,...

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...

The National Orientation Agency (NOA) has said that funds saved from the removal of petrol subsidy are being reinvested into key sectors such as social welfare, infrastructure, education, security, and economic empowerment. Director-General of the Agency, Lanre Issa-Onilu, disclosed this in the agency’s weekly publication, where he noted that the reforms introduced since President Bola Ahmed Tinubu assumed office in May 2023 are aimed at stabilising the economy and correcting what he described as “decades...

The World Bank has named Mathew Verghis as its new Country Director for Nigeria. Verghis, an Indian economist with over two decades of global development experience, officially resumed the role on 1st July, taking over from Ndiame Diop, who has moved on to a new assignment within the organisation. In a statement issued on Friday, the World Bank described Verghis as a seasoned expert in economic policy, with a long track record of leadership across...

9mobile is set to resume widespread service across the country by the end of July following a national roaming agreement with MTN Nigeria. The agreement, which has received the approval of the Nigerian Communications Commission (NCC), was formally announced on Wednesday in Lagos. Under the three-year agreement, 9mobile subscribers will be able to access MTN’s extensive radio access network across Nigeria, effectively extending 9mobile’s coverage to areas previously underserved. The arrangement is expected to take...

Two Nigerian commercial banks—United Bank for Africa (UBA) and Wema Bank—have announced the resumption of international transactions on their naira debit cards. In separate statements issued to their customers, both banks confirmed that their naira cards can now be used for payments on international platforms, including for online purchases, point of sale (POS), and Automated Teller Machine (ATM) transactions. UBA, in its announcement, noted that the development aligns with its commitment to improving the banking...