Cadbury Nigeria Plc has announced a profit of N5.98billion for the first quarter of 2025, following the approval of the unaudited financial statements of the Company by its Board of Directors. This represents an increase of 182 percent, reversing the loss of N7.32billion that the Company recorded for the same period in 2024. The Company also recorded 182 percent increase in profit before tax of N8.54billion in the period under review, reversing the loss of N10.45billion that it had reported for the first quarter of 2024. Cadbury Nigeria’s gross profit further improved by 143 percent from N4.99billion to N12.15billion, in…
Author: Elvis Eromosele
….Trains 300 ‘My Own Business’ (MYOWBU) Operators in Lagos Nestlé Professional has reaffirmed its commitment to accelerating youth entrepreneurship, with a workshop in Lagos to upskill over 300 operators and attendants within its My Own Business (MYOWBU) program. MYOWBU is designed to empower young people across Central and West Africa by helping them establish sustainable careers in street vending. More than a vending initiative providing affordable beverage solutions such as NESCAFÉ and MILO enjoyed by millions of Nigerians every day, it is a sustainable means of livelihood for many young people seeking dignified work, financial independence, and a chance to…
Title: Smash The Glass Ceiling: Empowering African Women to Break Barriers and Achieve their Dreams Author: Olamitayo Ebunola Irantiola Pagination: 244 pages Publisher: Peo Davies Communications Year of Publication: 2025 Reviewer: Dr Kehinde Olubanjo Smash the Glass Ceiling is a powerful manifesto for women striving to break free from deeply rooted societal, cultural, and religious barriers. In this insightful and audacious work, Olamitayo Irantiola blends personal experiences, historical references, and academic insight to confront and unravel the multifaceted forms of gender discrimination that persist across society, especially in leadership roles within African contexts. Irantiola’s message is unmistakably clear from the first page:…
Airtel Africa has staged a remarkable comeback in its financial performance, reporting a pre-tax profit of $661 million for the financial year ended March 31, 2025. This marks a significant turnaround from the $63 million pre-tax loss recorded in the previous year. Profit after tax also swung back into positive territory, rising to $328 million from a loss of $89 million in 2024. The recovery comes despite the lingering effects of currency devaluations, particularly in Nigeria, which had heavily impacted the company’s bottom line last year. The Group’s revenue reached $4.96 billion, showing a robust 21.1 per cent growth in…
By Elvis Eromosele In Nigeria, few issues stir as much raw emotion as the price and quality of electricity. Everywhere across the length and breadth of the country electricity supply is unstable. Over the years, successive governments have insisted that Nigerians are underpaying for electricity. The solution? Increase the tariff under the guise of reflective pricing. Yet, month after month, citizens grope in the dark, both literally and metaphorically. Now, the current administration is singing the same old song. And while the government tells us it is about efficiency and subsidy removal, the reality is far more sinister. The rich…
Nigeria’s digital economy is poised to contribute up to 21 per cent of the nation’s GDP, according to Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy. This milestone is part of a strategic push to leverage technology for national growth and job creation. Currently contributing between 16 per cent and 18 per cent to Nigeria’s GDP, the digital economy is on a growth trajectory supported by substantial infrastructure investments. “This means more jobs and opportunities. For the first time in our history, an administration is investing in 90,000 kilometers of fibre optic cables across the country,” Dr.…
MTN Nigeria has further cemented its leadership in the country’s telecom industry, crossing the 90 million active subscriptions milestone in March 2025, according to the latest data released by the Nigerian Communications Commission (NCC). The NCC’s industry statistics reveal that the total number of active mobile subscriptions in Nigeria rose to 172.4 million across the four major mobile network operators, marking a steady recovery following the massive subscriber loss in 2024 due to the NIN-SIM verification audit, which deactivated over 60 million lines. MTN maintained its dominant position with 90.4 million active lines, translating to a 52.48 per cent share…
Airtel Nigeria, leading telecommunications services provider, has announced plans to more than double its capital investment in the Nigerian market to over N500 billion in 2025. The move is aimed at accelerating the rollout of 5G technology, expanding network coverage, and driving inclusive connectivity across the country. This announcement follows the release of Airtel Africa’s financial results for the year ended March 2025, which revealed that Airtel Nigeria had invested $168 million (approximately N259 billion) in capital expenditure during the period. The company is now committing to a significantly larger investment to meet rising data demands and support Nigeria’s digital…
…Sustainable farming and market access at the heart of new partnership to transform agriculture In a bold step towards building a climate-resilient agricultural sector, AGRA, Nestlé Nigeria, and TechnoServe have launched the Strengthening Farmers’ and SMEs’ Resilience through Climate Smart Grain Production and Accessing the Structured Markets (StreFaS) initiative in Nigeria. StreFaS is a three-year initiative, funded by AGRA and Nestlé, that will run from June 2024 to October 2027. The program aims to support 25,000 smallholder farmers and eight aggregators across Kaduna and Nasarawa States, promoting sustainable production of maize, soybean, rice, and sorghum. It focuses on integrating regenerative…
Dr Akinwumi Adesina, President of the African Development Bank (AfDB), has warned that Nigeria is facing a deeper economic regression than many realise, stating that with a current GDP per capita of just $824, Nigerians are significantly worse off than they were at independence in 1960. Adesina made these remarks in a statement issued Thursday following his keynote address at the 20th anniversary dinner of investment firm Chapel Hill Denham in Lagos. He stressed the need for Nigeria to radically transform its economic model to become a globally competitive and industrialised nation by 2050. “Our GDP per capita in 1960…