Author: user user

The Institute of Capital Market Registrars (ICMR) is set to hold its 14th Annual Conference and Investiture of the President-Elect on November 1.

A statement signed by Oluseyi Owoturo, president/chairman of council, ICMR said the conference with the theme: ‘Unlocking Global Value: The Evolving Role of Capital Market Registrars in Trust, Efficiency and Innovation,’ would feature Alake Olakunle, Vice President, Dangote Industries as a keynote speaker.

It noted that a key agenda of the annual conference would be the investiture of Catherine Nwosu, the Chief Executive Officer, Africa Prudential Plc, as the fourth President and Chairman of Council by the outgoing President and Chairman of Council, Oluseyi Owoturo, (the Chief Executive Officer, Coronation Registrars Ltd).

The institute said the event which holds in Lagos would be chaired by Abdulsamad Isyaku Rabiu, Founder and Chairman of BUA Group, while Emomotimi Agama would be the special guest of honour.

The statement further added that Toyin Sanni, founder, Emerging Africa Group would speak on the topic ‘Strategic Differentiation Through Expertise: Elevating Registrar Services in Cross-Border and Complex Transactions.’

According to the statement, other discussants at the conference include Abiodun Adebimpe of Rand Merchant Bank, Babatunde Majiyagbe of Stanbic Nominees, Fiona Ahieme of FBNQest, Haruna Jalo-Waziri of CSCS Plc and Mubo Olasoko of Meristem Nigeria.

FAW Group, through GoCab Nigeria, has launched its next-generation electric vehicles (EVs) into the Nigerian market to make sustainable mobility affordable and accessible.

According to GoCab, the introduction of these EVs marks a significant milestone in the country’s journey toward cleaner transportation, reduced carbon emissions, and alignment with global shifts toward sustainable energy.

The company stated that the EV range is designed to deliver cutting-edge technology and cost efficiency, while addressing the needs of Nigerian drivers across both urban and rural communities.

‘This is the beginning of a new era in Nigeria’s automobile sector. Our vision is to ensure that EVs are not just seen as luxury items, but as practical, affordable, and reliable solutions for Nigerians everywhere,’ Debanjan Paul, AVP Sales, GoCab Nigeria said.

It includes features such as extended battery life, fast-charging capability, smart infotainment systems, and rugged adaptability for Nigerian roads.

The company also stated that with these vehicles, it aims to empower individuals, businesses, and public institutions to embrace cleaner energy solutions without compromising on performance or affordability.

‘In addition to introducing EVs, GoCab Nigeria is committed to collaborating with stakeholders including government agencies, energy providers, and private sector partners to build the necessary infrastructure, from charging stations to after-sales service centers, ensuring that adoption is both seamless and sustainable.

‘This initiative reflects the FAW Group’s long-term vision to redefine mobility in Africa’s largest economy, creating opportunities for economic growth, environmental sustainability, and improved quality of life for millions of Nigerians,’ the company stated.

GoCab Nigeria remains committed to driving transformation by delivering world-class solutions tailored to the Nigerian market. With a mission to provide affordable, efficient, and sustainable mobility, the company aims to serve both individuals and businesses alike.

The Lagos State Government (LASG) has unveiled a perception survey for commuters’ experience on the city’s public transportation systems.

According to a statement by Lagos on its official X handle, the Lagos Bureau of Statistics, in collaboration with the Lagos Metropolitan Area Transport Authority (LAMATA) and the Lagos Ferry Services Company (LAGFERRY), convened a one-day training session that brought together coordinators, supervisors, and enumerators from across the state who will engage commuters and collect feedback on the rail, road, and water transport services

The statement noted that the survey is designed to capture how Lagosians truly experience public transportation, not just in terms of service delivery, but in terms of impact.

‘It’s a listening exercise, a mirror held up to the system, and a tool for shaping smarter and more inclusive policies. It aligns with Governor Babajide Olusola Sanwo-Olu’s THEMES Plus development agenda, which emphasises traffic management, transportation, health, education, technology, and inclusive governance,’ it stated.

Delivering the keynote address, Olayinka Ojo, permanent secretary, Ministry of Economic Planning and Budget (MEPB), represented by Alao Akinkunmi, director economic intelligence department, commended LAMATA and Lagos Ferry Services for embracing transparency and accountability through citizen engagement.

‘This initiative shows we are learning, adapting, and evolving to meet the real needs of our citizens.

‘Field officers are the first and most critical link in the data value chain. Their accuracy and professionalism directly influence how effectively the government can plan, allocate resources, and evaluate programmes,’ Ojo said.

She also highlighted the importance of empathy and public trust in the data collection process, urging enumerators to approach their work with integrity and respect for the voices of everyday Lagosians.

‘When citizens feel heard, they are more likely to participate, and that participation strengthens our democracy,’ Ojo said.

She expressed confidence that the training would empower field officers to deliver high-quality data that would shape the future of mobility in Lagos State.

Ayodeji Adegboye, Lagos Metropolitan Area Transport Authority (LAMATA) representative, offered practical guidance to enumerators, highlighting peak operational hours (6:30 a.m. to 10 p.m.) and the importance of understanding the various transport systems from the Ikorodu-TBS BRT to standard bus routes like Abule Egba and Oshodi, and the seven-seater (FLM) buses.

He urged officers to be patient, punctual, and professional, noting that their role is vital in clarifying transport options to the public and gathering meaningful feedback.

Consolidated Hallmark Holdings Plc, a financial services group, announced the appointment of Tope Ilesanmi as the managing director/CEO of CHI Life Assurance Limited. He replaces Ose Oluyanwo who was the pioneer managing director, who has since taken on a new strategic leadership role in the Group.

In a similar vein, Patience Ugboajah has been appointed as executive director, Operations for the new Life Assurance arm of the Group.

Other new appointments to the Board are Bode Opadokun and Folashade Onanuga, as non-executive directors. All the appointments have been duly approved by the National Insurance Commission (NAICOM).

Tope Ilesanmi is an Associate member of the Chartered Insurance Institute of Nigeria (CIIN) and the National Institute of Marketing of Nigeria. He is a dynamic and seasoned insurance professional with close to three decades of experience in risk management, insurance underwriting, claims administration, reinsurance and marketing.

He holds a bachelor’s degree in finance from the University of Lagos, an MBA from Bayero University, Kano and an MSC degree from the University of Port Harcourt.

Tope served as General Manager/Divisional Director at Consolidated Hallmark Insurance before his recent appointment. In this new role, Tope is expected to build on the strong brand equity of the Consolidated Hallmark Holdings to lead the new Life Insurance arm of the Group to deliver exceptional and innovative Life Assurance solutions into the Nigerian market.

Patience Ugboajah joins the board of CHI Life Assurance Limited as the executive director, Operations. She is a seasoned insurance executive and transformation leader with over 18 years of experience spanning strategy, operations, technical functions and business development across leading Nigerian insurance institutions.

Before joining CHI Life, she was acting executive director, Technical at SUNU Assurances Nigeria and had earlier served as executive director at Zenith General Insurance. She also held senior leadership roles at Allianz Nigeria and AXA Mansard, building deep expertise across life and non-life portfolios. Patience holds a National Diploma in Insurance, a B.Sc. in Economics and an Executive MBA from Lagos Business School. She is a Fellow of the Chartered Insurance Institute of Nigeria, an Associate of NCRIB and CIoD, and was elected to the Governing Council of CIIN in 2024.

Bode Opadokun is a multi-versatile, prudent Insurance professional with over two decades of Underwriting, Marketing and Executive Managerial experience. He is the immediate past managing director of Sanlam General Insurance Nigeria and also served as Managing Director of the Nigerian Agricultural Insurance Corporation. He is a graduate of the Lagos State Polytechnic, Fellow of the Chartered Insurance Institute of Nigeria and has an MBA in Insurance from the Delta State University. His industry footprints cover General Business and Special Risks, as well as Agricultural Insurance.

Folashade Onanuga is a chartered insurance practitioner with over 30 years’ experience in pension consultancy and was, until recently, the director general of the Lagos State Pension Commission. She earlier served as general manager/CEO with Glanvill Enthoven Life and Pension Consultants and also Chief Operating Officer/Executive Director of Veritas Glanvills.

She is a graduate of the University of Ife (now Obafemi Awolowo University), a Chartered Secretary of the Institute of Chartered Secretaries and Administrators and a Fellow of the Certified Pension Institute.

CHI Life Assurance Limited, a member of Consolidated Hallmark Holdings, was recently licensed by the National Insurance Commission (NAICOM) to underwrite Life Insurance business in Nigeria with a shareholders’ fund of N8 billion.

In line with the Group’s vision ‘to be the first-choice provider of Insurance and other financial services in Nigeria,’ CHI Life is strategically positioned to provide innovative, tailor-made solutions that address existing gaps in the Life Assurance market. Built on a strong legacy of professionalism, trust, and customer satisfaction, we are poised to leverage the exceptional service delivery and solid market reputation of the Group, not only to meet but also to surpass stakeholders’ expectations through prompt service to customers and exceptional returns to shareholders.

The Group Managing Director of Consolidated Hallmark Holdings Plc, who doubles as the chairman of CHI Life Assurance, congratulated Tope Ilesanmi on this new appointment. He expressed his full confidence in his ability to lead the next phase of the company’s market entry and growth. He assured him of the needed support to thrive in this new assignment, having proven himself over time as a performer. He also welcomes on board the new non-executive directors who are accomplished industry leaders.

He expressed his strong belief that their membership on the Board, working with other Board members, will help to raise the bar in delivering on the mandate of the Group.

Nigeria is positioning its agriculture sector for a decade-long transformation as it adopts the Kampala Declaration on Agriculture and Food Security (2026-2036) – a continental framework designed to drive sustainable food production, agro-industrialization, and regional trade growth.

Abubakar Kyari, minister of agriculture and food security, announced the development during the Community of Practice Summit on the Comprehensive Africa Agriculture Development Programme (CAADP), themed ‘From Kampala to Abuja: Transforming Agrifood Systems in Nigeria,’ held in Abuja on Monday.

Kyari said the declaration would strengthen Nigeria’s agrifood systems by promoting climate-smart innovations, enhancing value chains, and reducing post-harvest losses that currently cost the country over ?3.5 trillion annually.

‘We must move beyond business-as-usual approaches and embrace bold reforms that make our food systems more productive, resilient, inclusive, and sustainable,’ the minister stated.

Kyari revealed that the Federal Government has already committed $538.05 million – in partnership with private investors – to establish Special Agro-Industrial Processing Zones (SAPZs) in Kaduna, Cross River, and Ogun States, with additional zones in the pipeline.

The initiative, he said, is expected to attract up to $1 billion in additional private sector investment by 2027, while creating jobs, strengthening local manufacturing, and expanding export potential for agro-products.

‘The SAPZs will serve as industrial hubs that promote value addition, enhance productivity, and boost farmers’ income,’ Kyari explained.

He also highlighted the Nigeria Postharvest Systems Transformation Programme (NiPHaST), a multi-stakeholder initiative aimed at minimizing storage losses, improving logistics, and optimizing value chains to enhance food security and profitability.

‘Our investment drive will create a more efficient, sustainable, and equitable food system – one that contributes directly to economic growth and livelihood improvement,’ he said.

The minister emphasized the importance of collaboration between federal and state governments to maximize investment impact and ensure long-term sustainability.

‘Synergy between all tiers of government is indispensable for achieving sustainable food security and the transformation envisioned by the Kampala Declaration,’ Kyari said, urging state commissioners of agriculture and rural development to align with national priorities and CAADP frameworks.

He added that the ministry had established an Agricultural Sector Working Group to serve as a governance mechanism, bringing together research institutions, private sector players, and civil society organizations to scale up best practices, monitor progress, and ensure accountability.

Marcus Ogunbiyi, permanent secretary, to the ministry, said the CAADP framework has already delivered tangible outcomes across Africa by aligning national agricultural policies with regional priorities.

Also speaking, Karen Yansen, head of German Cooperation, described the Kampala Declaration as ‘an evidence-based and inclusive framework that strengthens governance and promotes equity across Africa’s food systems.’

The summit brought together representatives from the Ministry of Livestock Development, German Development Cooperation (GIZ), International Fund for Agricultural Development (IFAD), and State Commissioners of Agriculture, Livestock, and Fisheries to explore strategies for scaling up investments in Nigeria’s agricultural sector.

With the new commitments under the Kampala Declaration, Nigeria aims to reposition agriculture as a key driver of industrialization, job creation, and export diversification, strengthening its food system and contributing to Africa’s broader economic transformation agenda.

The Board of Trustees Edo Unity League has commended the Government of Edo State, the Federal Government and the entire facilitators of the Museum of West African Arts (MOWAA) for the vision in siting the monumental edifice in Benin City.

The Group said the monumental edifice, which in all intents and purposes, spotlights the indefatigability of the Benin cultural heritage in the comity of African cultural entities.

Akenuwa Obarogie, Professor and Coordinator General, Edo Unity League, who made the commendation in a statement, noted that the edifice confirmed that the Benin nation is the centre of a cultural microcosm in Africa, a truism that cannot be tainted.

According to Obarogie, arising from a Steering Committee meeting on the inauguration of a Cultural Renaissance Summit planning committee, the Board of Trustees of the Edo Unity League presented in an official statement of appreciation to the Government of Edo State, the Federal Government and the entire facilitators of the Museum of West African Arts, Benin City.

‘That the Benin nation is the centre of a cultural microcosm in Africa is a truism that cannot be tainted; therefore, the preservation as well as the commercial subscription to the Museum’s services is a sacred duty that the average Edo man and woman owes the world-class heritage viewing destination.

‘The recent endorsement of the Museum of West African Arts in a viral video by a worldwide Arts and Culture intellectual, High Priest Osemwengie Ebohon, is worthy of emulation, and this deserves commendation.

‘We respectfully call on all public and private tertiary institutions to make the Museum a point of reference in practicals and research explorations.

‘We also called on cultural and business entities in Nigeria and the diaspora to rally the Museum to succeed exceedingly, and to attract other multinational cultural heritage investments in our dear State,’ he declared.

Processing of cocoa into finished products for export has been described as more profitable to Nigeria’s economy than exporting raw cocoa beans.

John Alamu, founder and Group Managing Director of CapitalSage Holdings, stated this while speaking on how he started his business, which has turned into a conglomerate, with a sum of N100,000 in 2014.

He disclosed that an exporter of raw cocoa would make $8000 per tonne, but if processed to finished products like chocolate, the exporter would make 30 times of exporting it raw.

According to him, ‘export raw cocoa and you make $8,000 per tonne. Turn it into butter and you earn six times more. Make chocolate, and the value rises up to 30 times.’

This philosophy, Alamu said, has been the driving force of the Group’s evolution into a fully integrated value chain company.

Alamu, who is driving value across several sectors, has as the company’s subsidiaries, Johnvents Group, which is currently a rising global integrated value chain participant.

It has become one of the leading supply chain participants and processors of sesame, cocoa, legumes, cashew, soya, edible nuts, rice and rubber, boasting millions of dollars in annual revenue.

He disclosed that with ten factories, including Johnvents Industries and Premium Cocoa Products (Ile-Oluji), one of Nigeria’s oldest cocoa plants, the Group possesses the capacity to process up to 48,000MT of cocoa annually for export to Europe, Asia, and the US.

Johnvents Group (CapitalSage Holdings’ agribusiness group) is, through its business units, building strength across multiple agri commodities and consumer markets.

He explained that its cocoa unit anchors global exports of butter, liquor, cake, and powder, while the sesame and legumes unit sources and supplies premium-grade sesame, soya, and grains from multiple origins across Africa and beyond.

According to him, cashew and edible nuts add further diversity to the company, expanding Africa’s presence in the global nut value chain.

The edible oil, feed and water unit powers agro-industrial complexes with oils feed, and bottled water, employing hundreds of women in the process.

Alamu disclosed that the rice and rubber unit contributes to food and industrial crop security, while the FMCG division delivers household-ready products such as cocoa powder, beverages, cereals, and seasoning cubes to a growing distributor network.

In a recent Forbes Africa Independence Day Edition, Alamu disclosed that with N100,000 in 2014, he began offering small loans to farmers and market women in rural areas in Nigeria.

This along the line evolved into CapitalSage Holdings, a diversified conglomerate spanning agribusiness, finance, technology, healthcare, and manufacturing.

He explained that ‘We started with N100,000, today, we’re building global businesses from Africa.

‘Today, CapitalSage Holdings employs over 2,000 people directly, supports more than 10,000 farmers, operating across Africa, Asia, Europe, and the Middle East.’

Meanwhile, Kolomoni, which is the company’s fintech arm, claims thousands of point-of-sale agents, merchant and network managers, advancing financial inclusion in a country where nearly 40 percent of the population remains unbanked.

Ercas, another fintech, underpins digital transactions and back-end infrastructure for payments.

However, despite the successes recorded, Alamu said the mission is more than corporate success, but rather economic independence.

He said: ‘The next struggle, like independence, is economic freedom. ‘That requires courage, disruption, and African confidence.’

CapitalSage Holdings’ fintech arm, CapitalSage Technology, has recorded uncommon feat as it currently holds a BBB+ credit rating from all three Nigerian SEC-recognised agencies, GCR, Agusto and Co., and DataPro, which is a strong signal of governance, transparency, and fiscal discipline.

Likewise, Johnvents Group, the agribusiness and manufacturing subsidiary, maintains its own BBB+ rating, which further reinforced the Group’s credibility and performance strength in capital markets.

Recognising the contributions of Alamu to Nigeria and Africa’s economy, he recently received the Business Conglomerate Leadership Award at the Marketing Edge Awards.

This is to serve as impetus for his vision of building enduring businesses across Africa’s most critical sectors.

Nevertheless, Alamu’s giant stride shows that Africa’s economic future lies not in raw exports but in transformation, value addition, and bold leadership.

For Nigerians at home and in diaspora, rent is a big issue at the moment. Of all the countries of the world where Nigerians have taken residence, Canada seems to have the most challenging rent situation.

At a time, the country was always in the news for rent reason. Report had it then that immigrants in the country, including Nigerians, found homes in odd places.

‘Due largely to the rent crisis arising from low housing supply and affordability issues, some Nigerians who left Nigeria for Canada are now living in cemetery and streets-places that are odd and unimaginable under normal circumstances,’ the report says.

‘The streets of Canada and, in extreme cases, the cemetery has become top destinations for immigrants and refugees who run into tens of thousands; they are now pitching their tents in these places as their homes,’ the report adds.

It cites Quebec, one of the country’s largest cities, where one in two homeless people can be located in rural areas in odd places. This is explained by Julie Bourdon, the Mayor of Granby, who noted that, ‘visible homelessness did not exist three years ago in Granby,’ adding, however that ‘rents are very high now compared to two years ago.’

Another recent report, however, counters this position, saying that Nigerians do not inherently live in ‘odd places’ in Canada; that most reside in established communities in urban centers like Toronto, and many thrive in the country’s diverse society and economy.

However, recent reports do highlight an issue with some immigrants, including Nigerians, facing homelessness in places like cemeteries and streets due to Canada’s severe rent crisis and housing affordability issues, which force them to take drastic living situations.

The majority of Nigerians live in well-established communities in major cities, particularly in Ontario, such as the Greater Toronto Area.

The report points out that, in the most extreme situations, some Nigerians and other immigrants face homelessness and are forced to find shelter in places like cemeteries and streets, which are considered unusual and dire circumstances.

Like Canada, Nigeria is also facing extreme rent situation that is compelling some citizens to find homes in odd places. Unlike Canada, however, Nigerians have not taken to cemeteries and streets as homes. But some have rented shops as homes while many others have moved to impossible locations to find homes.

‘Nigerians now rent shop spaces as apartment. Many landlords increased rent by over 100 percent following the introduction of various policies by the government which affected the purchasing power of citizens,’ Kanayo Udeze, an estate manager, told our reporter.

According to him, living in a fancy-house has become a dream which, if it comes to pass, will make people give testimonies in over 100 churches, adding that the norm has worsened as landlords now increase rents almost every year, causing tenants to vacate the house for affordable apartments.

Udeze noted that rent has risen so high that even individuals with just one room apartment can hardly pay their rent, leading them to cut costs by renting shops as apartments. Some even had to send their families to their village while they remained in town to manage this uncomfortable shop apartment.

Despite efforts by most states in the country to create a conducive plan which allows tenants to escape huge rent burden, many individuals are on the brink of being evicted due to their inability to meet up with rent increase.

In most locations in Nigeria, rent has risen by well over 100 percent and this is no respecter of location or size of apartment. The situation seems to be worse in low-income neighbourhoods.

The federal government said it would soon introduce a Guaranteed Minimum Price for agricultural produce for farmers and undertake large-scale offtake of farm harvests.

Abubakar Kyari, minister of agriculture and food security, who announced this on Tuesday at a breakout session on ‘catalysing Agricultural Transformation: Capital, Innovation and Growth’ at the ongoing Nigeria Economic Summit said the measure aims to protect farmers and consumers amid price volatility.

‘We’re looking at how to balance the citizens’ welfare, and also the farmers welfare’, he said.

The minister explained that the move followed lessons from last year’s food price volatility and hoarding by commodity dealers, which worsened inflation and triggered widespread hunger protests in August. ‘There was a massive hoarding aspect. There was a farmee who said he will not sell his maize until price g gets to N150,000, but today, he’s begging to sell at 30,000″, Kyari said.

He also cited last year’s paddy rice market as an example, when farmers sold at N350,000 per tonne while market prices climbed to N800,000, highlighting inefficiencies between production costs and retail prices. ‘There was clearly a dislocation somewhere,’ he said.

The minister said government interventions also includes a 150-day window to release stored commodities, were among the measures introduced to ease supply shortages.

Kyari also said the government was revamping financing mechanisms for smallholder farmers, who form the bulk of Nigeria’s producers but lack access to capital and modern equipment. He disclosed that President Bola Tinubu had approved the recapitalisation of the Bank of Agriculture, with ?250 million already released to improve access to credit for smallholders.

He said government intends to support smallholder farmers to become largeholder farmers, and is currently developing a national register of smallholder farmers.

The minister added that soil mapping was underway in partnership with private firms to improve fertiliser formulation and crop yields, while decrying the rising cost of fertiliser from about ?35,000 to as high as ?60,000blaming it on supply bottlenecks and limited port capacity.

He also disclosed that the government was collaborating with the Renewable Infrastructure Fund to address logistics constraints and exploring the use of local potash deposits to reduce import dependence.

The minister acknowledged that insecurity, inadequate infrastructure and limited financing remain key barriers to productivity but expressed optimism that the ongoing reforms and investments would strengthen Nigeria’s food system. He informed that Preliminary findings from the 2025 National Agricultural Development (NAD)indicates that the country recorded a higher harvest this year than in 2024 suggesting that Nigeria is on the right trajectory despite ongoing challenges.

At the session, Segun Adaju, an entrepreneur, decried that worsening insecurity has forced many farmers like himself to abandon their farmlands. ‘Bandits are the problem we are tired of paying ransom’, he said.

For Okeke Chukwujekwu, co-founder ocattu Nigeria, noted that infrastructure remains a major problem.He said the lack of access roads to farms is also discouraging young people from engaging in agriculture, and urged greater collaboration among all tiers of government to address the problem.

Aisha Bashir, MD/CEO, Cam diary foods Ltd, lamented the lack of access to finance, including loans from banks which she said has severely affected the survival of her business.

Olapeju Ibekwe, chief executive kfficer of Sterling One Foundation, acknowledged that while insecurity continues to hamper productivity, Nigeria still has enormous potential to expand output. He pointed out that the country has between 35 and 37 million hectares of arable land, compared to the Netherlands’ two million hectares, yet the latter maintains a thriving agricultural industry.

‘As we deal with insecurity, the places we can secure can help quadrupple production’, he said.

Ibekwe further called for the regulation of intermediaries in the commodity market to curb distortions and improve transparency. He warned that without oversight of large-scale buyers, the government would remain reactive, intervening only after market disruptions occur.

Ibekwe further called for the regulation of intermediaries in the commodity market to curb distortions and improve transparency. She warned that without oversight of large-scale buyers, the government would remain reactive, intervening only after market disruptions occur.

‘That area is completely unregulated, and it’s huge area of the ecosystem, otherwise the government will continue to scamper, looking for warehouses to break in’, he said.

The Nigerian beer industry is growing faster in valuation this year after the sector rebounded from the crushing blow of the foreign exchange crisis that hammered earnings and spooked investors’ sentiments.

All the beer manufacturers listed on the Nigerian Exchange (NGX) maintained profitability in the first six months of 2025, with some achieving a record-setting period due to rising demand, aggressive pricing and stable macroeconomic conditions.

Analysts say the recovery of the sector from huge FX losses is restoring confidence of investors, which in turn led to a growing market sentiment with Nigerian Breweries leading the pack with a valuation of N2.35 trillion.

How the beer makers feared YtD (data as of 3rd Oct. 2025)

Nigerian Breweries – N2.35 trillion

Nigerian Breweries has had a great run this year after it rebounded from losses in 2024. Net profit at the Lagos-based brewer rose to N88.4 billion in the first half of 2025, reversing a N85.2 billion loss a year earlier, as the country’s largest brewer rode a sharp jump in sales and slashed finance costs after retiring its foreign currency debt.

Nigerian Breweries is currently the 12th most valuable stock on the NGX with a market valuation of N2.35 trillion, which makes about 2.58 percent of the country’s equity market.

Shares of Nigerian Breweries closed on Friday, October 3, 2025, at N76.00 per share, recording a 2.4 percent gain over its previous closing price of N74.25. The stock has more than doubled in value within nine months, gaining 138 percent in terms of year-to-date performance.

‘Shareholders can be optimistic about NB, knowing the stock has accrued 15 percent over the past four-week period-21st best on NGX,’ according to African Exchange.

International Breweries – N2.27 trillion

International Breweries, a subsidiary of Anheuser-Busch InBev, is currently the 13th most valuable stock on the NGX with a market capitalisation of N2.27 trillion, which is about 2.49 percent of the Nigerian equity market.

The brewer, which had had its earnings crushed by foreign exchange pressures for the past seven years, began its profitability run this year with half-year profit surging to N41.29 billion, compared to a significant loss of N107.71 billion in the prior period.

That profit run has seen the stock accrue 21 percent over the past four-week period alone, making it the 15th best on the local bourse.

Shares of International Breweries have risen 143 percent since January to close trading on Friday, October 3, 2025, at N13.50. In terms of year-to-date performance, it is ranked 31st on the Exchange.

Guinness Nigeria – N402 billion

Guinness Nigeria has seen a total turnaround in profitability after Tolaram’s acquisition, as the beverage company posted a net profit of N16.2 billion for the financial year ended June 30, 2025, compared to a N54.8 billion loss reported in the previous year, a 130 percent swing that highlights the recent strategic shifts.

The company’s earnings performance saw the shares of the company, which began the year at N70.25, rise to N183.75 in nine months, gaining 162 percent on that price valuation.

The stock is ranked 25th on the NGX in terms of year-to-date performance, as the market cap stood at N402 billion.

For investors, it must be noted that Guinness has accrued 41 percent over the past four-week period alone on growing confidence in the company’s strategic positioning.

Champion Breweries – N142 billion

Champion Breweries’ turnaround story is by far the most impressive. The Uyo-based brewer is the smallest among the big four beer makers, yet it grew its profit by 692 percent in the first six months of 2025 to record N2.3 billion, reversing a N386 million loss in the previous period last year.

The company announced a deal to acquire Bullet, the ready-to-drink brand, where it’s seeking to raise N58 billion in equity and debt financing to finance the acquisition.

That deal will expand Champion Breweries’ market coverage, including export sales, as Bullet makers, EnJoycorp, already has footprints in 14 African countries. Management sees the acquisition growing revenue by fivefold.

In terms of stock performance, Champion Breweries leads as its shares have gained 316 percent since January, closing its last trading day at N15.85, a 5 percent gain over its previous closing price of N15.10.