Nestlé Nigeria is pleased to announce the distinguished panel of judges for the 2025 Nestlé Nigeria Media Awards. This year’s panel brings together accomplished professionals in journalism, academia, nutrition, communications, and development, reinforcing Nestlé’s commitment to recognising excellence in impactful and socially relevant storytelling. The panel welcomes Dr. Yvonne Kanalio Olaloku, Nutrition Specialist with the Nestlé Nutrition Institute for Central and West Africa, whose extensive work in fortification advocacy and evidence-based nutrition brings valuable expertise to the Awards. Also joining the ranks this year is Dr. Margaret Agada-Mba, Senior Lecturer in Communication, Media and Cultural Studies at the School of Media and…
Author: Elvis Eromosele
The Nigerian National Petroleum Company Limited (NNPCL) has recorded a landmark ₦5.4 trillion profit after tax for 2024 on total revenue of ₦45.1 trillion, signalling one of the strongest financial performances since it became a fully commercialised entity. Bashir Bayo Ojulari, GCEO, announced the results during an earnings call with journalists on Monday in Abuja. According to Ojulari, revenue grew 88 per cent, profit rose 64 per cent, and earnings per share climbed to ₦27.07, driven by tighter cost controls, improved operational efficiency, and reforms in the downstream market. The company declared a ₦4.3 trillion dividend. Total crude production reached…
MTN Nigeria has announced that it has paid more than ₦6.9 trillion in taxes, levies, and duties to the Federal and State Governments, reinforcing its position as one of Nigeria’s largest corporate taxpayers. The company said the contribution reflects its long-standing fiscal partnership with the government and supports critical national priorities, especially amid ongoing economic reforms. Beyond tax remittances, MTN highlighted its role in national development. The operator is currently rehabilitating the Enugu–Onitsha Expressway under the Road Infrastructure Tax Credit (RITC) scheme, with the project now 50% complete. According to its latest financial results, MTN recorded a 57.5 per cent…
The Lagos State Government, working closely with the organised private sector, has outlined a coordinated strategy to strengthen electricity supply as Nigeria transitions to a decentralised power market under the Electricity Act. The plan was presented at the Lagos Chamber of Commerce and Industry (LCCI) Power Sector Conference, where industry leaders examined both the opportunities and persistent challenges emerging from the ongoing reforms. Speakers noted that while decentralisation gives states greater control to craft local solutions, it has also exposed long-standing weaknesses across the power value chain. Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, represented by Chief Technical…
Nigeria’s pension assets continued their upward trajectory in September 2025, rising to N26.09 trillion from N25.90 trillion in August, representing 0.75 per cent month-on-month and 23.44% year-on-year growth. New data from the National Pension Commission (PenCom) also show contributor enrollment under the Contributory Pension Scheme (CPS) increased 0.42 per cent to 10.93 million, reflecting steady onboarding despite economic headwinds. FGN Securities Still Dominate Portfolios Government instruments remained the pension industry’s largest asset class, accounting for 60.35 per cent of total assets, though performance was mixed: Declines: FGN Bonds (HTM): –3.37 per cent to N12.84 trillion Sukuk: –5.83 per cent Agency Bonds: –18.42 per…
Investor demand for Nigerian Treasury Bills (T-Bills) surged during the November 19, 2025, auction. Market participants placed bids totalling N1.23 trillion for the 364-day paper, far exceeding the N450 billion offered by the Central Bank of Nigeria (CBN). This aggressive bidding signals a clear market strategy: investors are rushing to “lock in” currently high yields before an anticipated drop in interest rates in 2026. Auction Highlights: High Demand, Stable Rates Despite the massive influx of liquidity, the CBN maintained the status quo on stop rates. While the demand was fierce, rates for the 91-day, 182-day, and 364-day tenors remained unchanged…
Nigeria has lost one of its finest wordsmiths. Dan Agbese, co-founder of Newswatch magazine, veteran editor, respected columnist, scholar, mentor, and one of the towering figures of modern Nigerian journalism, has passed on. He died on Monday morning in Lagos at the age of 81, leaving behind a legacy that will endure for generations. For more than five decades, Agbese embodied the very best of the journalistic craft. He was not merely a reporter; he was a custodian of truth, a defender of integrity, and a craftsman of language whose disciplined prose shaped national conversation. From his early days as…
Nigerian Women in PR (NWiPR), a leading professional social impact organisation, is set to host senior African women in Public Relations and Communications at the year-end Premium Members Meet webinar on Thursday, November 20, at 12:00 PM WAT as part of its commitment to supporting the continuous professional development of women in the industry. A flagship initiative of the Premium Members Club, the exclusive professional community for women with at least 10 years of experience in the communications industry, the Premium Members Meet webinar series provides an advanced learning, networking and collaboration opportunity for accomplished female professionals across the continent.…
The Lagos State Government has awarded N150 million to 33 outstanding young agripreneurs in recognition of their contributions to strengthening the state’s agricultural and food systems. Speaking at the award ceremony organised by the Ministry of Agriculture and Food Systems, Governor Babajide Sanwo-Olu, represented by the Deputy Chief of Staff, Mr. Sam Egube, reaffirmed Lagos’ role as Nigeria’s intellectual and economic engine. He noted that Lagos carries a responsibility not just to its residents, but to the entire nation as a model for innovation and progress. Sanwo-Olu said food security remains central to both national and state development goals, stressing…
LeBron James opened his 23rd NBA season on Tuesday, becoming the first player in league history to feature in 23 consecutive seasons. The 40-year-old returned from a 14-game absence caused by sciatica, logging 30 minutes in the Los Angeles Lakers’ 140–126 win over the Utah Jazz. James finished with 11 points, 12 assists, and 3 rebounds, marking a double-double in his season debut. He also knocked down two three-pointers, pushing him past Reggie Miller into 6th place on the NBA’s all-time three-pointers list. The appearance moves him ahead of Vince Carter’s 22-season streak, further extending James’ already unmatched résumé as…