Guinness Nigeria Celebrates 75 Years: A Legacy of Heritage, Innovation, and Community Impact
Guinness Nigeria Plc is commemorating a historic milestone—75 years of operations —celebrating a legacy defined by heritage, innovation, and an enduring connection with the Nigerian people. Founded in 1950, the company established its first brewery in Lagos in 1962, marking it as the first Guinness brewery outside Ireland and the UK. Over the decades, Guinness Nigeria has evolved from a...
Sade Morgan Breaks Barriers as First African to Lead Heineken’s Corporate Affairs in AME Region
A significant milestone has been achieved in corporate leadership as Nigerian Breweries Plc announces the promotion of its Corporate Affairs Director, Sade Morgan , to lead Heineken’s Corporate Affairs for the Africa and Middle East (AME) region. Effective May 15, 2025 , Morgan succeeds David Paterson , becoming the first national from the AME region to hold such a...
Lagos or Gauteng? Africa Awaits Host City Announcement for AFRIMA 2025
Anticipation is building across Africa as the African Union Commission and the International Committee of the All Africa Music Awards (AFRIMA) gear up to announce the host city for the 2025 edition on May 13 at the AU headquarters in Addis Ababa, Ethiopia. The much-awaited decision has been narrowed down to two leading contenders: Lagos, Nigeria , and Gauteng...
Empowering Solar Entrepreneurs: ROGEAP, Ecobank Nigeria Train 50 SMEs in Lagos
The Regional Off-Grid Electricity Access Project (ROGEAP) , in collaboration with Ecobank Nigeria , is set to empower 50 small and medium enterprises (SMEs) in the solar energy sector through a three-day Entrepreneurship Business Training workshop in Lagos. According to a statement released on Monday, the training aims to equip participants with essential technical, financial, and business management skills needed...
Nigerian Stock Market Gains N228bn Amid Bullish Surge in Consumer Goods, Banking Stocks
The Nigerian stock market maintained its upward trajectory on Monday, with the market capitalization surging by N228.48 billion , buoyed by strong performances from International Breweries , Cadbury Nigeria , and other blue-chip companies. At the close of trading on the Nigerian Exchange Limited (NGX) , the market capitalization climbed to N66.7 trillion , up from N66.47 trillion in the...
Rising Inflation Threatens Hopes of Interest Rate Cut in Nigeria, OPS Warns
Members of Nigeria’s Organised Private Sector (OPS) have raised concerns that the recent rise in inflation could derail hopes for a reduction in the country’s high interest rate. According to the National Bureau of Statistics (NBS) , headline inflation climbed to 24.23% in March 2025 , up from 23.18% in February , marking the first uptick since the Consumer...
World Bank Projects 3.6% Growth for Nigeria in 2025 Amid Rising Poverty Crisis
The World Bank has projected a 3.6% economic growth rate for Nigeria in 2025, up from an estimated 3.4% in 2024, citing the positive impact of ongoing macroeconomic reforms. According to the Spring 2025 Africa’s Pulse report , Nigeria’s recovery will be fueled by stronger performance in non-oil sectors like financial services, telecommunications, and IT, alongside gradual improvements in...
Senator Jimoh Ibrahim Urges Data-Driven Solutions for Africa’s Economic Growth
Senator Jimoh Ibrahim , representing Ondo South Senatorial District and Chairman/CEO of Global Fleet Group, has emphasized the critical role of data-driven strategies in accelerating Africa’s economic growth. Speaking at the sidelines of the ongoing IMF/World Bank Spring Meetings in Washington DC, Ibrahim urged global financial institutions to leverage data for sustainable development across the continent. Highlighting data as a...
Global Trade Stability Holds in 2024, but 2025 Faces Tariff Threats: WTO Report
The World Trade Organisation (WTO) has reported sustained global trade stability in the final quarter of 2024, with early 2025 data signaling continued growth despite escalating risks from tariffs and geopolitical tensions. According to the WTO’s latest Goods Trade Barometer, the indicator rose marginally to 102.8 in early 2025 from 102.7 in December 2024, reflecting trade volumes above trend levels....
Nigerian Equity Market Sheds N207bn Amid Easter Holiday Lull
The Nigerian equity market faced a downturn in the week ending April 21, 2025, losing N207bn in market capitalization amid subdued trading due to Easter holidays. The All-Share Index (ASI) dipped 0.32% to 104,233.81 points, while market capitalization fell from N65.706tn to N65.499tn, reflecting cautious investor sentiment amid earnings season and dividend declarations. Trading activity slowed significantly as the Federal...
