Bluebird, a renowned name in its industry, has marked its 30th anniversary with a celebration highlighting three decades of growth, innovation, and contributions to its field. The milestone event, held at the company’s headquarters, brought together staff, industry partners, loyal customers, and stakeholders to honor the journey from a small start-up to a leading player in its market. Speaking at the anniversary ceremony, Bluebird’s Chief Executive Officer, Helen Marshall, reflected on the company’s humble beginnings and the values that have guided its success over the years. She credited the firm’s resilience, commitment to quality, and customer-focused approach as the pillars…
Author: Temitope N.
The Federal Government has issued a stern warning to relevant agencies responsible for the country’s economic data collation and dissemination, stressing the need to ensure that future Gross Domestic Product (GDP) reports are released promptly. This directive follows concerns raised over the negative impact of delays in the publication of such critical economic indicators on policy planning, investor confidence, and market performance. Speaking at a press briefing in Abuja, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said timely GDP reporting is a vital component of effective economic governance. He emphasized that GDP figures are not just…
The Federal Inland Revenue Service (FIRS) has marked a new milestone in its operational history with the celebration of its first-ever Research Day, an event aimed at promoting evidence-based decision-making and strengthening Nigeria’s tax administration through data-driven innovations. The occasion, held at the FIRS headquarters in Abuja, also featured the official launch of advanced tax data tools designed to improve transparency, compliance, and efficiency in the nation’s revenue collection system. Speaking at the event, FIRS Executive Chairman, Zacch Adedeji, described the Research Day as a landmark initiative that underscores the agency’s commitment to transforming Nigeria’s tax sector into a modern,…
Nigeria’s telecommunications industry has witnessed a major shift as 9mobile officially announced its rebranding to T2, marking a new chapter in the company’s operations and market positioning. The move, according to the firm’s management, is part of a broader strategy aimed at revitalising its brand identity, expanding digital services, and strengthening its competitive edge in the dynamic telecom sector. The announcement was made during a high-profile event in Lagos, where company executives, industry stakeholders, and brand ambassadors unveiled the new name, logo, and corporate vision. T2’s leadership explained that the rebranding represents more than just a change of name—it signals…
Nigeria’s foreign direct investment (FDI) inflows have plunged sharply, falling by 70% within just three months, raising concerns over investor confidence and the nation’s economic climate. The steep decline, as reported by the National Bureau of Statistics (NBS), underscores the urgent need for policy reforms and improved business conditions to attract and retain foreign capital. According to the NBS capital importation report for the second quarter of 2025, total FDI stood at a fraction of the figure recorded in the previous quarter, reflecting a significant withdrawal of interest from international investors. The downturn cuts across key sectors that traditionally attract…
President Bola Ahmed Tinubu has approved sweeping pension reforms aimed at improving the welfare of Defined Benefit Scheme (DBS) retirees, marking a significant milestone in the administration’s Renewed Hope Agenda. The reforms, which were announced on Friday, are designed to address longstanding complaints of delayed payments, inadequate benefits, and bureaucratic bottlenecks that have affected thousands of pensioners across Nigeria. According to a statement from the Presidency, the new measures will streamline pension disbursement processes, ensure more accurate computation of entitlements, and clear outstanding arrears owed to eligible retirees. The reforms are expected to impact former public servants, including civil service…
The Nigerian Communications Commission (NCC) and IHS Towers have initiated joint efforts to settle an ongoing disagreement over diesel supply, a dispute that has raised concerns about potential disruptions in the country’s telecommunications infrastructure. Both parties confirmed over the weekend that constructive discussions are underway to address the issues and ensure continuity in network operations across the nation. The dispute reportedly centres on contractual and operational differences related to the provision and pricing of diesel used to power telecom base stations. With Nigeria’s telecom infrastructure heavily dependent on diesel generators due to unreliable grid electricity, any prolonged disagreement could impact…
Dangote Petroleum Refinery has dismissed widespread rumours suggesting it has halted operations, insisting that its facility remains fully functional and continues to produce and supply petroleum products at full capacity. In a statement issued on Saturday, the refinery management described the shutdown claims as “baseless and misleading,” assuring stakeholders and the public that the refinery is operating smoothly and consistently delivering products to the Nigerian market. According to the company, the refinery is currently producing and supplying an average of 40 million litres of refined petroleum products daily, meeting a substantial portion of the nation’s fuel demand. Management stressed that…
Land prices in Nigeria’s capital city, Abuja, have recorded a significant surge, driven by rapid infrastructure development and increased investor interest in the Federal Capital Territory (FCT). Real estate experts and market analysts say the upward trend in property values is being fuelled by ongoing government-led and private-sector projects that are transforming the city’s landscape and expanding its urban boundaries. In recent months, several key infrastructure projects have gained momentum across Abuja, including new road networks, flyovers, expanded transportation corridors, and utility upgrades. These developments have opened up previously underdeveloped districts, making them more accessible and attractive to both investors…
Dangote Cement Plc has been crowned Cement Company of the Year, reaffirming its dominance in Africa’s cement manufacturing industry and further solidifying its reputation as a key player in the continent’s infrastructural development. The recognition was announced during a prestigious industry awards ceremony attended by leading figures from the construction, manufacturing, and business sectors. The award celebrates excellence, innovation, and sustainability in the building materials industry and was presented to Dangote Cement in recognition of its consistent market leadership, operational efficiency, and commitment to delivering quality products. Organisers of the event praised Dangote Cement for setting benchmarks in production quality,…
Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced that members of its board of directors have collectively purchased shares worth N341.6 million, signalling strong confidence in the company’s long-term growth potential. The disclosure, made through a corporate filing to the Nigerian Exchange Limited (NGX), confirmed that the transactions were executed in accordance with insider dealing regulations and transparency requirements. The company revealed that the share purchases were carried out over several trading sessions in the first week of August 2025. The filing detailed the names of the directors involved, the number of ordinary shares acquired, and the amounts paid…
Champion Breweries Plc has posted a profit after tax of N2.29 billion for the first half of 2025, marking a significant rebound from the loss recorded in the same period last year. The turnaround reflects improved operational efficiency, higher sales volumes, and better cost management, according to the company’s latest financial statement filed with the Nigerian Exchange Limited (NGX). The brewer, a key player in Nigeria’s beverage industry, reported that revenue for the period rose substantially, driven by increased consumer demand, enhanced distribution channels, and targeted marketing campaigns. The company attributed the growth in sales to a combination of stronger…
The Lagos State Government has moved to calm fears among residents over the recent incidence of flash floods in parts of the state, assuring that adequate infrastructure is in place to manage and mitigate flooding. The government stated that its agencies are on high alert to respond swiftly to any emergencies as the rainy season progresses. In a statement issued on Thursday, the Commissioner for the Environment and Water Resources, Tokunbo Wahab, said the government has invested heavily in drainage infrastructure, dredging of canals, and clearing of blocked waterways to ensure water flows freely during heavy rainfall. According to him,…
The Lagos State Government has announced that all hotels, nightclubs, event centres, and other hospitality and entertainment venues in the state must now secure official approvals from the Lagos State Traffic Management Authority (LASTMA) and the Lagos State Parking Authority (LASPA) before hosting large gatherings or events. Authorities say the move is aimed at curbing traffic congestion, preventing illegal parking, and enhancing safety around event venues. In an official statement, the government explained that the measure is part of a broader strategy to ensure smoother traffic flow, safeguard road infrastructure, and protect both motorists and pedestrians. Event organisers will be…
The European Union (EU) has announced an additional contribution of €250,000 to provide urgent humanitarian assistance to internally displaced persons (IDPs) in Benue and Plateau states. The new funding aims to address the worsening humanitarian conditions faced by thousands of people who have been forced from their homes due to recurring violence and insecurity in the region. In a statement issued yesterday, the EU said the funds will be directed towards delivering essential relief materials, including food, shelter, clean water, and medical care. It explained that the support will be channelled through its humanitarian aid partners already operating in the…
The Corporate Affairs Commission (CAC) has explained that recent failures in the payment of stamp duties on its platform are due to technical incompatibility between its online portal and the systems of some partner government agencies. The Commission disclosed this in a statement yesterday, following complaints from users who have experienced repeated disruptions when attempting to complete stamp duties payments required for company registration and related services. The CAC said the issue has particularly affected transactions that involve integration with partner agencies responsible for processing and confirming payments. According to the statement, the incompatibility stems from ongoing upgrades to the…
Foreign portfolio investment (FPI) in the Nigerian capital market rose sharply in the first half of 2025, with total transactions from foreign investors hitting ₦1.14 trillion, representing a 113 percent increase compared to the same period in 2024. Data from the Nigerian Exchange Limited (NGX) showed that the surge was driven by renewed investor confidence, improved foreign exchange market reforms, and a more stable macroeconomic environment. The increase marks one of the strongest half-year performances for foreign inflows into Nigerian equities in recent years. According to the NGX’s Domestic and Foreign Portfolio Investment Report, foreign investors accounted for a significant…
The Federal Government has approved a package of tax incentives for manufacturers who utilise locally sourced raw materials in their production processes. The policy, announced on Thursday, is part of efforts to stimulate domestic industrial growth, reduce dependence on imports, and promote value addition within Nigeria’s economy. Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, disclosed the development after a meeting of the Federal Executive Council (FEC) presided over by President Bola Tinubu in Abuja. She explained that the incentives are designed to encourage manufacturers to take advantage of Nigeria’s abundant natural resources and agricultural produce, thereby fostering job…
President Bola Tinubu has directed the National Pension Commission (PenCom) to commence the implementation of increases in pensions for retirees under the Contributory Pension Scheme (CPS), marking a significant policy step aimed at improving the welfare of senior citizens. The directive, announced on Thursday, is in line with the provisions of the Pension Reform Act 2014, which mandates periodic reviews of pensions to reflect prevailing economic realities. According to the Presidency, the decision was taken after extensive consultations with relevant stakeholders, including the Ministry of Finance, PenCom, and representatives of pensioners. The move is designed to ensure that retirees receive…
The management of Egbin Power Plc, Ikeja Electric Plc, and First Independent Power Limited has firmly denied reports claiming that the companies have been placed under receivership, describing the allegations as false, misleading, and damaging to public confidence in the nation’s power sector. In a joint statement issued on Thursday, the three firms stated that their operations remain fully functional and unaffected by any takeover process, urging the public to disregard the rumours. They maintained that they had not received any formal notice, court order, or regulatory directive indicating that a receiver manager had been appointed over their affairs. According…