FoodCo Nigeria received recognition as Best Retail Organisation for Range Excellence at the Africa Retail Awards ceremony organized by Lagos Business School's African Retail Congress. The supermarket operator, which ranks among the country's top three retailers and manages the southwest region's largest chain, earned honors for maintaining diverse product selections that enhance customer access and drive market growth.
Chief executive Ade Sun-Basorun said through representative Ayodele Adio that the company bases its inventory decisions on analytics, market research and consumer feedback to ensure shoppers find needed items at appropriate price points with reliable quality. Marketing manager Solomon Huesu noted that responding to...
Port Harcourt will serve as the venue for the 9th Africa Energy Summit, an event that has gained endorsement from Secretary to the Government of the Federation George Akume, who encouraged domestic petroleum enterprises to capitalize on President Bola Tinubu's Nigeria First Policy. Solomon Ewanehi, head of Solewant Group and organizer of the continental gathering, met with Akume to discuss preparations for the conference centered on emerging technologies and sustainable energy development across the continent.
The policy mandates government agencies to prioritize purchases from local suppliers, with exceptions granted only for items genuinely unavailable domestically. Ewanehi's firm operates an industrial facility at Alode-Onne...
The Niger Delta Development Commission provided financial assistance and relief supplies to fire survivors from Ika South and Ika North-East local government districts in Delta State, as part of a ceremony held at the Vienna Arena Event Centre in Boji Boji, Agbor. Board Chairman Chiedu Ebie represented the agency at the distribution event, which was organized in conjunction with the UsFirst Charity Foundation.
Ebie emphasized the commission's people-centered approach and commitment to helping communities affected by emergencies across the Niger Delta. He described the aid as a gesture of solidarity meant to help recipients cope with their losses. The chairman said current leadership remains dedicated to serving the broader interests of...
The maker of the Cristal ballpoint pen received recognition at the Brandcom Awards ceremony held at the Landmark Centre on Victoria Island in Lagos. BIC won the Iconic Ball Point Pen of the Year category, acknowledging the company's market position and brand strength during the evaluation period spanning 2024 through 2025.
Managing Director Anthony Amahwe said the accolade arrives as the manufacturer marks three quarters of a century since the Cristal's debut in 1950. The transparent-barreled pen has become one of the planet's most distributed writing tools due to its combination of reliability, accuracy and accessible pricing. BIC has organized various programs throughout the anniversary year to support students, educators and...
Nigeria's outdoor advertising industry gains a new digital marketplace as GlobeTrotter launches operations at an event in Ikeja, Lagos, with backing from the Out of Home Advertising Association of Nigeria. The platform enables asset owners to list billboard inventory while allowing advertisers and agencies to search, compare and book advertising space through a centralized online system with transparent pricing and automated transactions.
Managing Director Ayodele Akingbade said the marketplace addresses persistent challenges such as fragmented asset information and manual processes that have limited the sector's growth potential. Charles Chijide, chairman of the association's board of trustees, urged members to register their sites on...
Nigeria is deepening its engagement with Islamic finance after lawmakers recently approved a $500 million sovereign Sukuk for the international capital market, according to organizers of the inaugural Muslim Economic Summit scheduled for the University of Lagos. The event will launch a Sustainable Waqf Fund and provide certificates to more than 1,000 young people and women completing pre-summit training in digital marketing, solar installation, mini-import operations and urban farming.
Islamic finance principles prohibit interest-based transactions and speculative dealings while promoting asset-backed investments in infrastructure such as roads, power plants and digital networks. The industry holds $3.95 trillion in global assets with...
Nigeria attracted over five and a half billion dollars in capital during the first quarter of this year, reflecting a 67 percent surge from the corresponding period in 2024 and marking continued confidence in economic reforms led by Central Bank Governor Olayemi Cardoso. Portfolio investment accounted for more than 90 percent of total inflows, with the banking and financing sectors capturing the bulk of foreign participation. The United Kingdom supplied nearly two-thirds of incoming funds.
S&P's improved outlook and progress toward clearing foreign exchange backlogs have strengthened investor sentiment and reduced borrowing costs for the government. Economists note that recent GDP rebasing exercises reveal previously uncounted sectors...
Dancehall performer Squash awaits sentencing in Florida following a guilty plea to firearm possession charges, while court documents reveal that federal agents arrested his father inside a Miami courthouse. Immigration and Customs Enforcement officers detained the elder Whittaker in the building lobby with assistance from the FBI, according to filings from defense attorney Samuel Rabin.
Aaron Whittaker had previously appeared on Jamaican media, claiming persecution drove him from the island and alleging coordinated efforts between American and Caribbean law enforcement against his family. He remains held by immigration authorities despite incomplete public records, with sources suggesting unresolved status matters. The father denied...
A police officer from the Special Operations Branch and three other people face charges after authorities discovered livestock in their vehicle during an early morning stop in Clarendon. The group reportedly consisted of the constable, a cook, and two young people.
Officers conducting patrols on Morgan Pass Main Road intercepted the suspects and recovered goats from inside their car. All four detainees were charged with weapons possession, suspected theft, and agricultural larceny following the incident.
