HBM Nigeria Sets ₦250m Working Capital Bar For New Cement Distributors

Huaxin Building Materials Nigeria Plc(HBM), formerly Lafarge Africa, has launched a nationwide recruitment drive for cement distributors which requires prospective dealers to have at least ₦250 million in working capital, This new dealership requirement comes at a time when the company is ramping up production while pushing for a stronger foothold against Dangote Cement and BUA Cement. Beyond the capital requirement, the company is asking applicants to provide a warehouse of at least 500 square metres and access…

Quoted Consumer Brands Manufacturers Pay N70.1b To Multinational Partners In H1 2026

Consumer goods manufacturers including Nestlé Nigeria, Nigerian Breweries, International Breweries, Guinness Nigeria, BUA Foods, Unilever Nigeria, Cadbury Nigeria and NASCON Allied Industries paid a combined N70.1 billion in royalties, technical fees, licence fees and management charges to their multinational partners in the first half of 2026 (H1 2026), according to their financial statements. The figure was slightly higher than the N69.7 billion recorded in H1 2025, up about N333 million. The payments…

UAC Nigeria To Sell 43% Stake In DP World Logistics To TGI Group

UAC of Nigeria Plc has revealed plans to sell its 43 percent shareholding in DP World Logistics Limited (formerly known as MDS Logistics Limited) to 22 Plus Invest Limited, a member of the Tropical General Investments (TGI) Group. The proposed transaction, which remains subject to regulatory approvals, was disclosed in a corporate filing dated September 24, 2026, and signed by Ayomipo Wey, Company Secretary and Group General Counsel of UAC Nigeria. If completed, the deal will make TGI Group a key shareholder…

Airtel Africa Repurchases Shares, Pushes Total Buyback Past 19.9 Million

Airtel Africa Plc has bought back another 798,919 of its own shares. This brings the total number of shares it has repurchased under its ongoing buyback programme to 19,907,874 since the exercise began in May 2026. The telecoms giant disclosed the latest purchase in a transaction notification dated September 22, 2026, showing that the shares were bought at a volume-weighted average price (VWAP) of 322.59 pence per share. A VWAP is simply the average price paid for a batch of shares, weighted by how many shares…

NIMN Announces November 4 Induction Ceremony In Abuja, Opens Fast-Track Membership Programme

The National Institute of Marketing of Nigeria (NIMN) has announced plans to induct a new crop of marketing professionals into the Institute at a ceremony scheduled for November 4, 2026, in Abuja, Nigeria. The Institute recently announced the plan on its social media platforms, describing the event as an opportunity to welcome professionals into a new chapter of professional growth and development. In its announcement, NIMN stated, “Welcoming Excellence, Celebrating Professionalism. A New Chapter in…

Elizade JAC Motors Partners SMEDAN, Targets SMEs, Small Businesses With New Truck Financing Offer

Elizade JAC Motors has unveiled a mobility and finacing solution targeted at small and medium-sized businesses, offering access to light-duty trucks as part of efforts to help SMEs reduce logistics costs and build sustainable business assets. The company, through its SME-focused offering, is targeting businesses that rely heavily on hired vehicles, transporters or used trucks to move goods and supplies. The initiative provides access to JAC trucks ranging from 1.6-tonne to 10-tonne capacities, with options including…

Publicis Media Leads Global Ad Agency Rankings In H1 2026

Publicis Media topped the rankings for advertising business in the first half of 2026, pulling in $3.24 billion in billings worldwide, according to a new report from agency research firm COMvergence. The figure covers wins, losses, and client retentions on a net basis. Key account wins for the group included Adidas in China, HP, Microsoft, and Prada. Omnicom Media came in second with $3.15 billion, boosted by new business from Delta, IBM, and Subway. WPP rounded out the top three at $2.98 billion, helped by…

PepsiCo Pulls Off Name-Change Gimmick, Reveals Real Twist – House Of Brands Campaign

PepsiCo has just pulled off a name-tease hat trick, after spending nearly a week making the internet believe it was about to drop its own name, only to reveal that nothing of the sort was happening. The stunt began with a vague teaser posted on PepsiCo's official social media accounts, captioned "PepsiCo brands are up to something, stay tuned," giving no further details. Days of content followed, all built around a single running joke: what if PepsiCo's own brands got to choose the company's name? A video…

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Publicis Media Leads Global Ad Agency Rankings In H1 2026

Publicis Media topped the rankings for advertising business in the first half of 2026, pulling in $3.24…
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People

Reckitt Appoints Ujunwa Chukwumah As General Manager, West Africa

Reckitt, a global leader in health and hygiene, has announced the appointment of Ujunwa Chukwumah as…
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Spotlight

From Detty December To AFRIMA: How Lagos Is Redefining Destination Branding With…

From Afrobeats to festivals, sports to December revelry, Lagos is showing African cities how to turn…
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Cover Story

I Want To Be Remembered As Someone Who Served With Unwavering Dedication -Steve…

If there is anything Steve Babaeko loathes with great passion, it is self-glorification. When he was…
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