Shareholders of CWG Plc have approved a final dividend of 70 kobo per share for the 2025 financial year, marking a 79 per cent increase from the 39 kobo paid in 2024. The approval was granted at the company’s 21st Annual General Meeting in Lagos, where investors welcomed the strong financial performance and endorsed management’s long-term growth strategy. Phillip Obioha, Chairman, said the higher payout reflects both improved earnings and confidence in the company’s future trajectory. “This recommendation underscores our commitment to delivering consistent and growing returns to shareholders, backed by a sustainable earnings outlook,” he said. CWG reported a…
Author: Elvis Eromosele
Thibaut Boidin, Chief Executive Officer of Nigerian Breweries Plc, has warned that the Federal Government’s proposed tax stamp policy could wipe out profits across Nigeria’s brewing industry and destabilise the sector. Speaking at the company’s 80th pre-Annual General Meeting (AGM) media briefing in Lagos, Boidin said the measure could lead to a 100 per cent erosion of industry profits if implemented. He stressed that while government efforts to boost revenue are understandable, policy consistency and fiscal stability are critical for manufacturers operating in an already challenging environment. A tax stamp is a regulatory system that requires excisable goods such as…
Brother Harrison and I joined the SSV group on the same day and time and were active shortly before Pst Gold took over the group and revolutionized the group. We were actually planning to leave the unit before the visionary disposition of Pst Gold literally transformed the unit and changed our lives simultaneously. Bro Harrison and I shared so many interests. We read the same course, attended the same university, had the same fellowship and the same unit in the fellowship, attended the same local church, and graduated on the same day! Most of my picture gallery during our undergraduate…
It’s lazy reporting that headlines with “₦34.5 trillion was missing from the Federation account between 2023 and 2025.” Reality is that it did not simply “go missing.” Nigeria did not wake up and find that money had vanished into thin air. What the World Bank stated is more disturbing. We earned huge revenues, but before that money could be shared through the Federation Account, massive deductions of more than N34 trillion were taken out first. That’s crazy! The real issue is not the disappearance of our money. The real issue is a system that allows enormous sums to be removed…
By Elvis Eromosele By the time hotels in the United States begin slashing room rates in the middle of what should be a peak summer season, something far deeper than ordinary seasonal fluctuation is clearly at play. The recent reports of American hotels cutting prices because of weaker-than-expected demand linked to the upcoming FIFA World Cup offer a sobering window into shifting global travel patterns, fragile consumer confidence, and the limits of event-driven economic optimism. At first glance, the pricing correction looks straightforward: anticipated demand simply failed to materialise. But beneath that surface lies a more complex web of macroeconomic…
By Olutayo Irantiola The fight against malaria in Nigeria over the years has been defined by a “presumptive” approach, rather than from an ascertained standpoint. Unfortunately, it has done more harm than good with this method of considering every fever as malaria, often without laboratory tests. This approach is no longer sustainable. It wastes resources, fuels drug resistance, and masks other life-threatening illnesses. This year, 2026, the World Health Organization’s theme for the 2026 World Malaria Day is “Driven to End Malaria: Now We Can. Now We Must.” The theme is an urgent global clarion call to make a rallying cry…
Skyway Aviation Handling Company (SAHCO) Plc has expanded its operational footprint, emerging as the sole ground handling service provider at the newly commissioned Gateway International Airport in Iperu, Ogun State. The airport was officially inaugurated by Bola Ahmed Tinubu, marking a major milestone in Nigeria’s aviation infrastructure development and positioning Ogun State as an emerging hub for passenger and cargo traffic. SAHCO’s appointment as the exclusive ground handler highlights its strong industry reputation for operational efficiency, safety, and service delivery. The company played a central role during the commissioning, providing end-to-end ground handling services, including ramp operations, passenger facilitation, cargo…
The Lagos State Government has formally handed over Obalende Park to MTN Nigeria for redevelopment and beautification, as part of its ongoing commitment to transforming underutilised public spaces into safe, functional, and environmentally sustainable infrastructure for residents. Speaking on the development, Tokunbo Wahab, the Honourable Commissioner for the Environment and Water Resources, noted that the initiative aligns with the State Government’s broader vision of urban renewal and environmental sustainability. Under its Corporate Social Responsibility (CSR) initiative, MTN Nigeria has adopted the Obalende Park space and will redesign it into a modern, world-class facility. The redevelopment will include an organised motor…
Seplat Energy Plc has made history on the Nigerian Exchange Limited (NGX), becoming the first listed company to cross the N10,000 per share mark. The stock closed at N10,450 on Tuesday, April 14, 2026, after gaining N900 in a single trading session, an increase of 9.42 per cent. This milestone underscores strong investor confidence and highlights shifting dynamics within Nigeria’s energy sector. On a year-to-date basis, Seplat’s share price has surged by 79.9 per cent, positioning it among the top-performing stocks on the exchange. The rally comes amid renewed global interest in Nigerian equities following FTSE Russell’s decision to reclassify…
The Central Bank of Nigeria has withdrawn N4.48 trillion from the financial system within six days, executing one of its most aggressive liquidity tightening moves in recent months. The funds were mopped up through two major Open Market Operations (OMO) auctions conducted on April 9 and April 14, as the apex bank intensified efforts to curb excess liquidity and stabilise the economy. Financial system data shows the scale of intervention: N2.31 trillion absorbed on April 9 N2.17 trillion absorbed on April 14 This pushed banks’ opening balances down sharply to N99.05 billion on April 15, from N135.76 billion a day…