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Nestlé Nigeria 9-Month 2025 Results Shows Growth, Momentum, And Continued Profitability

By Winifred Bosa
Nestlé Nigeria PLC has announced strong financial results in its 9-Month report, driven by high growth.  Key highlights for January to September 2025 Results :
Revenue Growth: Nestlé Nigeria PLC saw a robust 33% increase in revenue, totaling N884.5 billion compared to 9M of 2024.
Operating Profit: The operating profit grew to N181.3 billion, a 63.6% increase from N110.8 billion in 9M of 2024.
Profit Before Tax: The profit before tax reached N127.9 billion, in contrast to the loss of – N255.4 billion in the same period of 2024.
Profit After Tax: The profit after tax amounted to N72.5 billion, compared to a loss of – N184.3 billion in 9M 2024.
Equity Position: The equity position improved by N72.5 billion.
Early payment of USD 20 million inter-group forex debt in Q3 2025
Summary of the results : Jan-Sept 2025
Jan-Sept 2025
Jan-Sept 2024
Revenue
884,536,899
665,289,761
Cost of Sales
(557,661,594)
(458,977,837)
Gross Profit
326,875,305
206,311,924
Results from operating activities
181,343,663
110,843,852
Finance income
1,785,024
2,930,478
Finance costs
(55,173,305)
(369,158,960)
Net finance costs
(53,388,282)
(366,228,482)
Profit /(loss) before income tax
127,955,382
(255,384,629)
Income tax (expense)/credit
(55,473,301)
71,113,867
Profit /(loss) for the period
72,482,081
(184,270,762)
In his remarks on the results, Mr. Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC, stated, “The results for the nine months signify the sustainability of our return to profitability since the fourth quarter of 2024. The topline growth of 33% during this period, along with a profit after tax of N72.5 billion, clearly illustrate that our dedication to operational excellence and our robust fundamentals are producing the desired outcomes.”
Looking ahead, he emphasized, “we remain focused on enhancing our margin management initiatives, accelerating transformation of our business, while investing in programs that create sustainable value for all our stakeholders, starting from our employees, consumers and extending to our communities and partners across our value chain.”
Nestlé Nigeria’s nine months 2025 results underscore the company’s resilience and operational effectiveness, positioning it for continued success in navigating challenges and seizing future opportunities.
WHO Decries Killings Of Patients , Civilians Amid Sudan’s El Fasher Violence

By Winifred Bosa

The World Health Organization (WHO) condemns the reported killing of more than 460 patients and their companions, as well as the abduction of six health workers, on 28 October from the Saudi Maternity Hospital in El Fasher.
As was contained in a press release by WHO, this latest tragedy is taking place in the rapidly worsening crisis in North Darfur’s El Fasher, where escalating violence, siege conditions and rising hunger and disease are killing civilians, including children, and collapsing an already-fragile health system.

On 26 October, Saudi Maternity Hospital, the only partially functioning hospital in El Fasher, was attacked for the fourth time in a month, killing one nurse and injuring three other health workers. On 28 October, six health workers, four doctors, a nurse and a pharmacist, were abducted. On the same day, more than 460 patients and their companions were reportedly shot and killed in the hospital.

Since the conflict began, 46 health workers have been killed in El Fasher – among them the Director of Primary Health Care in the State Ministry of Health – and another 48 injured. The status of personnel working in three nongovernmental organizations in El Fasher remains unknown. WHO condemns these horrific attacks on health care in the strongest terms and calls for the respect of the sanctity of health care as mandated under International Humanitarian Law.

More than 260 000 people remain trapped in El Fasher with almost no access to food, clean water, or medical care. Escalating violence has forced about 28 000 people to flee El Fasher Town in recent days, 26 000 of them to rural areas of El Fasher and up to 2000 to Tawila. Over 100 000 more people are expected to move to Tawila in the coming days and weeks, adding to the 575 000 already displaced from El Fasher who are sheltering there and other areas. Many of the displaced are women and unaccompanied children facing acute shortages of shelter, protection, food, water, and health care.

In addition to violence, and the lack of basic essentials for life and health, cholera continues to spread rapidly in El Fasher as people lack access to safe water. Disease surveillance and response activities are reduced as a result of the deteriorating security situation. This year alone, El Fasher has reported 272 suspected cases of cholera and 32 deaths, an alarming case fatality rate of nearly 12%. Across Darfur, 18 468 cases and 662 deaths have been recorded in 40 localities.

El Fasher has been cut off from humanitarian aid since February 2025, and malnutrition is rising sharply, especially among children and pregnant women, weakening immunity and heightening vulnerability to cholera, malaria, and other infectious diseases. Many families have exhausted food stocks or lost access to markets.

Despite access restrictions to El Fasher, WHO teams are working around the clock to keep health services running where possible, particularly in areas where people displaced by insecurity arrive. Twenty metric tons of WHO medicines and emergency kits, including supplies for cholera and management of severe acute malnutrition with medical complications, are being moved from Nyala to Tawila to support medical and rapid-response teams providing care for displaced people. Health supplies handed over to partners at Abeche, Chad, are being fast-tracked for delivery to Tawila and other gathering locations.

WHO is coordinating with health partners at reception sites in Korma, located between El Fasher and Tawila, to stabilize critically ill and injured people and facilitate referrals to Tawila. WHO is also preparing to deploy rapid response teams within Tawila and surrounding localities to respond to the urgent health needs of those arriving from El Fasher. WHO trucks are on standby in Darfur to join a UN aid convoy carrying food, medicines, and lifesaving health supplies into El Fasher as soon as access opens.

WHO calls for an immediate end to hostilities in El Fasher and all of Sudan; for the protection of civilians, humanitarian workers, and health care; and safe, rapid, and unimpeded humanitarian access to deliver lifesaving aid.

ntel CEO Optimistic About Nigeria’s Return To Growth And Innovation Gaps

By Winifred Bosa
Mr. Soji Maurice-Diya, Chief Executive Officer of NatCom Development &
Investment Limited (trading as ntel), says the company remains bullish about its market comeback in Q1 2026,
unveiling a renewed strategy to fill what he describes as “innovation gaps” in Nigeria’s telecoms ecosystem.
According to a press release by the company, speaking during the Technology Times Thought Leadership Series, a quarterly platform powered by Digital
Transformation Media Limited (DTML), publishers of Technology Times and eGovernance Nigeria Magazine, the ntel CEO
shared his company’s renewed vision to re-enter Nigeria’s highly competitive telecoms market through an
infrastructure-light model anchored on innovation, broadband inclusion, and youth-focused digital engagement.
“We think that there’s a lot of innovation that’s yet to happen in this space,” Maurice-Diya said. “With all due respect
to our partners and competitors in the ecosystem, we don’t think there’s been nearly enough innovation in the last few years.”
According to him, ntel’s return will not seek to replicate existing market models, but to target niche segments of
Nigerian consumers through products that deliver distinctive value propositions.
“For us to go and play in the 100 million subscriber game, that’s not what we’re about,” he stated. “We’re about to
find a very small subset of subscribers, and serve them extremely well. We think the future will kind of take care of
itself if we’re able to do that very well.”
Reimagining the Role of Telecoms in Nigeria
Maurice-Diya said ntel’s return reflects a broader belief that the Nigerian telecoms industry still holds enormous
untapped potential for innovation and cross-sector value creation.
He noted that while the industry has matured over the last 25 years—becoming a key enabler of Nigeria’s
economy—fresh ideas are still required to drive its next phase of evolution.
“Most of us are aware that the telecoms industry in Nigeria, as we know it today, started almost 25 years ago,” he
said. “It has witnessed significant and impactful growth, particularly in supporting Nigeria’s broader commercial ecosystem. Over the last 25 years, one would argue that the sector has become a mature market and there’s a lot more stability .
He commended long-standing operators like MTN, Airtel, and Glo for demonstrating long-term commitment to the
market, adding that their continued investments have strengthened the industry’s contribution to Nigeria’s GDP.
However, he argued that the next chapter of the Nigerian telecoms story must see operators evolving beyond
providing connectivity, toward becoming digital platforms that enable and unlock new opportunities across other
sectors.
“Telcos have to be able to play more than just a communication or connectivity role and become a digital platform that can enable and unlock a lot of additional opportunities,” he said.
Policy Synergy and Market Evolution
On the policy front, the ntel CEO praised ongoing reforms driven by the Federal Ministry of Communications,
Innovation and Digital Economy, especially the tariff relief measures introduced between late 2024 and early 2025.
He said these interventions have created “a bit more justification for further investment in the industry.”
Maurice-Diya emphasised the need for stronger synergy between the communications and financial sectors, which
he described as critical to the long-term sustainability of Nigeria’s digital economy.
“There needs to be more synergy between the communications ecosystem and the financial sector,” he said. “To the extent possible that there is a bit more closer working relationship between both ecosystems to birth what I think is the next chapter that can help define the broader ecosystem in the next 25 years.”
He added that dynamic pricing, tax incentives, and sustainability-driven infrastructure policies will remain central to improving industry competitiveness.
“Dynamic pricing and allowing a bit more flexibility in the tariff regime might be one,” he explained. “In addition to it
there are tax incentives. Again, I think the government has played a role in creating some reduction in tax-based taxes
around withholding tax. A little bit more can be done there.”
Supporting National Connectivity Goals
The ntel CEO commended the Federal Government’s rural broadband initiatives, particularly the planned deployment of 7,000 telecom towers and 90,000 kilometres of fibre optic infrastructure over the next five years.
“I think those, while they’re not necessarily policy interventions, are welcome interventions that will help,” he said.
“We at ntel will play a role not only by supporting the ecosystem but also creating a couple of interesting products
that we think will also further broaden and deepen connectivity and improve telecommunication services across the country.”
Balancing Regulation and Innovation
Maurice-Diya called for a regulatory environment that allows innovation to flourish before being constrained by
over-regulation.
“A lot of times regulation comes on the back of innovation,” he noted. “The government should continue to allow for innovation first, and then regulate on the back-end because you can’t regulate everything. When you over-regulate, you stifle innovation.”
He cited global experiences such as cryptocurrency to illustrate how measured regulatory approaches can support innovation without compromising stability.
“You start by allowing innovation to happen, and as long as you keep your pulse on what’s going on, I think you’ll find that there are actually opportunities,” he added.
Local Content and Industry Sustainability
The ntel CEO also underscored the importance of local content development in strengthening Nigeria’s digital economy.
He said the sustainability of the telecoms industry will depend on the country’s ability to localise technology, infrastructure, and talent.
“The sustainability of the industry is predicated on the ability to localise as much as possible,” Maurice-Diya said. “In the early days it was understandable that a lot of our capacity was built from outside of the country, but over time
there’s now opportunities to start to localise those things.”
He acknowledged ongoing government efforts through initiatives like the 3 Million Technical Talent (3MTT)
programme aimed at deepening local capacity, adding that “the industry is headed in the right direction.”
“External influences can be expensive and sometimes not necessarily committed to the long-term growth of the
industry,” he warned. “The policies have to just continue to support it.”
Enabling Long-Term Investment and Growth
According to Maurice-Diya, sustaining investor confidence will require continued macroeconomic stability, particularly around foreign exchange, tax policy, and capital repatriation.
Investors are savvy and unemotional about where their investments go,” he said. “Ultimately, investors want to be able to put their capital in a place that they’re reasonably assured of their ability to take it out.”
He urged government to tie tax incentives to long-term capital commitments and ensure a fairer value-sharing
formula across interconnected industries such as financial services, education, and logistics.
“FX stability and some tax incentives… I think the government could go a bit further in protecting long-term
investments and actually tying targets or long-term investments to additional incentives,” he said.
ntel’s Comeback Strategy: A Digital Play
Reflecting on ntel’s legacy, Maurice-Diya said the company—originally Nigeria’s government-owned first national operator NITEL, which transitioned to ntel in 2015—had achieved commendable milestones before pausing
operations in recent years.
Its Q1 2026 comeback, he revealed, will leverage an infrastructure-light,
innovation-driven business model focused on digital experiences.
“In coming back, we’re exploring a very, very light digital play,” he said. “Our view is that there is still a role to be
played by the likes of ourselves to innovate, to create very niche products that meet the needs of a teeming and
young population.”
The CEO said ntel’s renewed focus will be on youth engagement and digital inclusion, reflecting Nigeria’s
demographic advantage as one of the world’s youngest populations.
“Between three and four million Nigerians turn 18 every year, and we think that’s an opportunity,” he said. “If we’re
able to tap into that, we can deepen our penetration, offer services that speak to their needs, and ultimately grow
with them.”
Defining Legacy Through Innovation
Asked about his long-term vision for ntel’s legacy, Maurice-Diya said the company’s goal is to create differentiated services that not only stand out in the marketplace but also make lasting social and economic impact.
“Our legacy is that in 10, 15, 20 years, we’ll be able to say that we’ve provided services that have truly differentiated
ourselves in the marketplace but also made an impact,” he said.
He added that ntel plans to leverage its legacy infrastructure while investing in digital innovation to empower millions of Nigerians and strengthen collaboration across the telecoms value chain.
“We’ve also played a role in being a partner to the rest of the ecosystem, supporting everybody else to make sure
that the industry continues to be sustainable,” he said.
Creating a Level Playing Field
On the broader telecoms market environment, the ntel boss stressed the importance of a fair and competitive
ecosystem that encourages participation by new entrants.
“The first thing is a fair playing ground for all players,” Maurice-Diya said. “The ecosystem has to be able to see that there aren’t any preferential treatments being handed out to different players
 The market is big enough to sustain a multiplicity of players, and we hope to be able to play in that role.”
He encouraged continued market liberalisation and pro-innovation regulation, which he believes will be critical to
maintaining Nigeria’s regional and global competitiveness over the next decade.
About Technology Times Thought Leadership Series
The Technology Times Thought Leadership Series is a platform created by Digital Transformation Media Limited
(DTML) to engage top leaders, innovators, and policymakers in insightful dialogues on the future of technology and
digital transformation in Nigeria.
Through the platform, DTML, publishers of Technology Times, Nigeria’s authoritative technology news group, and
eGovernance Nigeria Magazine, continues to showcase industry and government leaders driving digital transformation initiatives across government and enterprise sectors.
Through its platforms, DTML provides trusted journalism and thought leadership that spotlight innovation, policy, and
technology adoption shaping Nigeria’s digital future.
NGX Group Fuels Women’s Investment Drive, Engages 9,000 At FinTribe Finance Fair 2025

Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025, which convened over 9,000 women focused on wealth creation and capital market opportunities.

 

 

The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities, has become a leading platform for promoting financial literacy and building investment confidence among women. NGX RegCo’s participation, through its flagship EquipHER initiative, featured interactive sessions that demystified capital market concepts and empowered women to make informed investment decisions.

 

 

“You have what it takes to step into greater capability and control over your financial agenda,” said Olufemi Shobanjo, Chief Executive Officer, NGX RegCo. “The same mindset that drives you to start a business, buy a home, or save for your child’s education, to plan, commit, and follow through, is exactly what makes women exceptional investors.”

 

 

Commending FinTribe for its sustained commitment to financial education, Shobanjo emphasized that the Nigerian capital market offers practical frameworks for translating financial discipline into purposeful wealth-building strategies. “Financial inclusion begins with awareness,” he affirmed. “When women understand how the market works, they can own their financial futures and build sustainable wealth.”

 

 

In alignment with these educational efforts, NGX Group’s technology-driven innovations are lowering barriers to market entry. The Group’s digital investment platform, NGX Invest, enables investors to participate in public offers and rights issues directly from their smart devices, bridging awareness with active market participation.

 

 

Jennifer Awirigwe, founder of FinTribe and popularly known as Financial Jennifer, commended the collaboration for driving meaningful impact. “Our partnership with NGX RegCo through EquipHER has created a bridge between knowledge and action,” she stated. “Women are not just learning about finance, they are taking ownership of their financial journeys and inspiring others to do the same. It’s equipping her, not in words, but in action.”

 

 

During an interactive Q&A session, Shobanjo addressed questions on share ownership transfers, portfolio management, and investment process navigation, encouraging participants to engage licensed stockbrokers and financial advisers for transparency and efficiency. “It can seem overwhelming at first,” he acknowledged. “But with the right professional guidance, investors can easily navigate the process and take control of their holdings.”

 

 

Throughout the fair, the EquipHER booth became a hub of engagement, attracting participants eager to learn how to initiate or expand their investment portfolios.

 

 

This initiative complements NGX Group’s broader retail engagement strategy, aimed at deepening participation in Nigeria’s capital market. Recently, the Exchange participated in a public lecture at Godfrey Okoye University, Enugu, themed “Harnessing the Capital Market for Catalyzing Infrastructure Development and Economic Transformation in Nigeria,” reinforcing NGX’s conviction that an informed and engaged public is essential to sustainable economic growth and inclusion.

 

 

Through initiatives such as EquipHER and regional retail engagements across Nigeria, NGX Group continues to build a more inclusive, informed, and empowered investor base, reflecting its vision to deepen market participation across gender, geography, and generation.

FATF Delisting Will Boost Investor Confidence In Nigeria — SEC DG

 

 

Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has hailed Nigeria’s removal from the Financial Action Task Force grey list, describing it as a clear reflection of the country’s renewed policy direction and commitment to transparency.

 

FATF on Friday announced the delisting of Nigeria from its grey list of countries with deficiencies in anti-money laundering and counter-terrorism financing frameworks.

 

Speaking on Channels Television’s Morning Brief, Dr. Agama, said the development would significantly enhance investor confidence and attract more foreign investments.

 

“It means so much for us in the capital market; it means so much for us in the financial system. It brings about something that we have been craving for – investor confidence

 

“The release of Nigeria from the FATF grey list means that investor confidence would be boosted. Delisting from that grey list sends a very strong signal to investors and trading partners that Nigeria has made significant progress in strengthening its anti-money laundering and countering of financing of terrorism regulations,” Agama said.

 

He described the delisting as a “welcome call to new investments,” saying it would further strengthen productivity and growth in the Nigerian economy.

 

After implementing a 19-point action plan, the FATF removed Nigeria from the list more than two years later, acknowledging the country’s progress in tightening its AML/CFT framework.

 

Agama described the development as a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility and commended the Mrs. Hafsat Abubakar Bakari, Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit and her team for their diligence in implementing the country’s action plan.

 

According to him, “The NFIU was in the fore front of this initiative and we commend their commitment which has earned Nigeria global recognition for its strengthened institutional framework to tackle financial crimes”

 

He also praised the efforts of the National Security Adviser, the Secretary to the Government of the Federation, the Ministers of Aviation, Budget and Economic Planning, Defense, Foreign Affairs, Solid Minerals, and State for Finance, as well as the leadership of the National Assembly and the Judiciary.

Commissioner Mefor Urges Anambra Communities To Embrace Obosi’s “One Household, Two Skills” Initiative

The Anambra State Commissioner for Information, Dr Law Mefor, has commended the unique youth empowerment programme of the Obosi Community in Idemili North, tagged “One Household, Two Skills”, and agreed that the government’s “1 Youth, 2 Skills” needs to target families as well.
Dr Mefor called on the rest of Anambra’s 178 communities to replicate Obosi’s empowerment to complement government efforts in job creation.
The initiative was showcased during the Obosi Innovation Skills and Empowerment Programme (OBISEP), held at the Obosi Town Hall, this October.
Representing the Governor of Anambra State, Prof. Chukwuma Charles Soludo, CFR, the Commissioner for Information, Dr Law Mefor, lauded the Obosi community for its distinctive approach to empowerment that centres on families.
“Obosi has shown another example. Communities in Anambra are doing empowerment, but there is something different about the Obosi empowerment. This initiative is titled ‘One Household, Two Skills’. It is reminiscent of the Igba Boi business startup system, which has ensured a break in generational poverty transfer in Igbo land, not just in Anambra State,” Mefor said.
He explained the potential impact of the programme on poverty and insecurity: “If every community in Anambra State produces skilled individuals – say 100 trained persons per community – then with 179 communities in the state, we could generate 179,000 skilled job opportunities in one year, and if sustained, in a few years, poverty will be eradicated in our state.
“Obosi has already trained 350 people. If other communities adopt the model and train 100 persons each year for the next five years, the multiplier effect could drastically reduce, if not eliminate, poverty.”
The commissioner emphasised that the initiative’s distinctive feature is its household-focused approach. “This is not a broad, general empowerment programme; it targets families. If sustained, Obosi may have introduced a formula to eradicate poverty within all households, and if the same model is replicated across Anambra, the positive impact could be felt in the coming years. There is a correlation between poverty and crime; address poverty, and crime is addressed also.”
The convener of the programme, Hon. Chisom Onugha, expressed gratitude to all participants and supporters and urged graduates to mentor younger generations as they enter the workforce with high expectations and the capacity to transfer skills to the next generation. He also credited Governor Soludo for introducing the “One Youth, Two Skills” platform, which Obosi embraced to establish the project.
Other distinguished attendees at the event included Igwe Chinedum Ezeiweka III of Obosi (represented); Bar. Chimezue Obi, President General of Obosi; Mrs Augusta Obaliem, Woman Leader, Obosi Progressive Union; Lady Ijeoma Anyalebechi, Adult and Non-Formal Education Unit Head; and Lady Ebere Ononihu, Director, Adult and Non-Formal Education, among others.
The programme underscores a strategic shift in youth empowerment in Anambra, focusing on family-based skill development as a means of reducing poverty and, by extension, insecurity across the state.
Seplat Energy Advocates Entrepreneurship For Media Professionals, Urges Preparedness For Retirement

Seplat Energy Plc, leading Nigerian independent energy company, has held the 2025 Annual Media Training Programme in Abuja, in line with the company’s commitment to media excellence, entrepreneurship and economic well-being.

The training programme which had in attendance 50 journalists, brought together media professionals in the Capital City for a two-day hands-on learning, expert-led sessions, and transformative insights into the evolving media landscape and entrepreneurship opportunities open to media practitioners.

Journalists, in attendance, were exposed to various business opportunities they can venture into so as to create more value and broaden their horizons whilst working to be entrepreneurs.

Delivering a session on “Can Managers or Professionals (such as Journalists) make good Entrepreneurs?”, Nigerian professor of political economy and management expert, Professor Pat Utomi, examined the difference between the entrepreneurial and the managerial mindset trends, talent and opportunities spectrum. He identified entrepreneurship as quantum leap in value creation.

A former Director of the Lagos Business School, Dr. Solomon Avbioroko, who spoke on “Ego States Profile and Impact on Transactional Analysis” noted that Ego states are the foundational elements of Transactional Analysis, influencing how we communicate, interact, and understand ourselves and others.

Avbioroko also anchored the session on “Second Phase of Life: Overcoming the Phobia”, observing that retirement is not an end but a beginning, an opportunity to experiment and explore, to engage in valued pursuits and to reinvent our legacy.

The session on “Understanding Digital Marketing: With a focus on Customer Journey Mapping” by Abiola Adedeji, a seasoned trainer, espoused the importance, benefits and components of digital marketing, as well as Digital customer journey mapping as a tool for creating communication strategy that builds a conversation with customers.

Uloma Okoro, a lawyer and serial entrepreneur delivered a session on “Developing A Business Model and Writing a Winning Business Plan”. She advised participants that, as professionals, the business world is a different and new environment, hence, the need to test the waters first before diving straight in. She further advised on the need to learn, unlearn and re-learn, as mistakes are all part of the learning process.

In his sessions, seasoned Chemical engineer and trainer, Olu Onakoya spoke on “The Socio-Economic Environment and Challenge of Entrepreneurial Ventures: Entrepreneurial Leadership & Venture Financing” as well as “Financial Intelligence – Key Enabler of Prudent Investment: Lecture and Experience Sharing.

In a session on “Media Technology: Trends, Importance & Adaptability – Lecture, Exercises & Class Discussion”, Nnamdi Uwaemelulam, a video editor and multimedia producer, emphasised the need for media professionals to embrace evolving technologies. He discussed innovative content formats, cross-platform media habits, and the critical role of personalisation and algorithms.

Earlier in his remark, Stanley Opara, Manager Corporate communications, Seplat Energy Plc, who represented Chioma Afe, Director, External Affairs & Social Performance, highlighted Seplat Energy’s commitment to developing capacity of its media stakeholders, fostering increased professionalism, and driving career sustainability. He commended the media representatives for their quest for knowledge and assured them of Seplat Energy’s commitment in consolidating on the company’s existing partnership with the media, going forward.

The 2-day event was an impactful blend of thought leadership, skill-building workshops, and interactive sessions. It also featured brain teasers and fostered a dynamic learning environment tailored to media professionals aspiring to venture into entrepreneurship, be it in the media or other fields..

MAN Pushes for Urgent Reforms as Q3 2025 Confidence Index Signals Fragile Manufacturing Recovery

Q3: Manufacturers CEO's confidence index up by 0.4% – MAN President -  Realnews Magazine

By Fidelia Okafor 
 
The Manufacturers Association of Nigeria (MAN) has released the findings of its third-quarter 2025 Manufacturers CEO’s Confidence Index (MCCI) and the highlights of the 2025 MAN High-Level Think Tank Report, emphasizing the need for sustained government reforms to ensure the continued recovery and growth of the nation’s manufacturing sector.
Speaking at the official presentation of the reports in Lagos, the President of MAN, Otunba Francis Meshioye, OFR, noted that the performance of Nigeria’s manufacturing sector has remained fluctuating over the years due to persistent structural challenges.
He stressed that MAN has continued to engage government and international partners to promote industrialization and sustainable growth.
Citing key publications such as the MAN Blueprint 2.0, the Bi-Annual Economic Review, and the MCCI as tools that guide policy formulation, Meshioye said,   “Through evidence-based advocacy and strategic partnerships, MAN has contributed significantly to the evolution of pro-manufacturing policies,.”
He added that while successive governments have implemented some of MAN’s policy recommendations, others were still awaiting attention.
The annual press briefing, he explained, serves as a strategic platform to urge government to revisit critical recommendations and fast-track interventions that will guarantee the survival and competitiveness of Nigerian industries.
The MAN Think Tank, according to him, is designed to deepen consultation and technical input into policy advocacy, engaging participants from academia, professional institutions, and relevant ministries.
Also speaking, the Director General of MAN, Mr. Segun Ajayi-Kadir, mni, described the MCCI as a quarterly barometer of the perceptions and expectations of manufacturing CEOs on the economy.
He disclosed that the Aggregate Index rose modestly by 0.4 points from 50.3 in the second quarter to 50.7 in the third quarter of 2025, signaling a cautiously improving confidence level among manufacturers.
MAN DG attributed this improvement to easing inflationary pressures, a more stable exchange rate, and recent government policy adjustments.
Ajayi-Kadir, cautioned that all current indices remained below the 50-point benchmark, indicating continued fragility in the sector.
He identified high inflation, volatile exchange rates, and elevated interest rates as key drags on production performance.
MAN DG added that while current production conditions declined slightly due to energy supply disruptions, projections for the next quarter were positive, buoyed by policy incentives such as reduced interest rates, suspension of the 4% Free-on-Board levy, and tax reliefs for local raw material sourcing.
The MAN President reaffirmed that the sector was gradually inching toward full recovery, as evidenced by the consistent rise in the confidence index.
He urged the Federal Government to critically review and implement the recommendations contained in both the MCCI and Think Tank reports to consolidate gains and address lingering constraints.
“A nation that neglects manufacturing may grow in numbers but not in wealth. Real growth begins only when raw potential is refined into productive capacity,” Ajayi-Kadir remarked.
*NAICOM, FRSC Inaugurate Joint Committee On  Enforcement Of Compulsory Third-party Motor Insurance 

 The National Insurance Commission (NAICOM) and the Federal Road Safety Corps (FRSC) have inaugurated a Joint Committee on the Enforcement of Compulsory Third-Party Motor Insurance.
The event, held at NAICOM’s Headquarters in Abuja, marks a major step in the implementation of the provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 and reinforces both institutions’ shared commitment to strengthening road safety, promoting insurance compliance, and ensuring prompt compensation for accident victims.
Speaking during the inauguration, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, commended the FRSC for its leadership and partnership in driving this initiative. He noted that the collaboration would deliver concrete benefits to Nigerians through:
• Effective enforcement of compulsory Third-Party Motor Insurance;
• Integration of insurance and vehicle registration databases;
• Enhanced protection and compensation for road accident victims; and
• Increased public education on insurance obligations and consumer rights.
Mr. Omosehin emphasized that the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at reforming key sectors for inclusive national development.
In his remarks, the Corps Marshal of the FRSC, Shehu Mohammed, mni, noted that the partnership would significantly improve enforcement of compulsory motor insurance nationwide and enhance the welfare of road users. The Corps Marshal reaffirmed FRSC’s readiness to support this initiative through technology integration, data sharing, and field enforcement.
He described the partnership as a model of inter-agency synergy that would not only reduce road accidents but also enhance the government’s capacity to provide prompt financial and medical support to victims. He further emphasized that collaboration among public institutions is crucial for achieving national development goals and assured that FRSC remains fully committed to ensuring the sustainability of this initiative.
In presenting the Joint Committee’s Terms of Reference (ToR), the Deputy Commissioner for Insurance, Mr. Ekerete Ola Gam-Ikon, highlighted the Committee’s primary responsibilities, among which are:
1. Enforce compulsory Third-Party Motor Insurance nationwide.
2. Reduce the number of uninsured vehicles in Nigeria.
3. Ensure prompt compensation and medical support for accident victims.
4. Promote awareness of the benefits and obligations of insurance.
5. Enable real-time verification of insurance status through digital integration.
6. Support microinsurance development for commercial drivers and passengers.
7. Strengthen emergency response coordination during the “golden hour.”
Co-chaired by senior officials from both agencies, with NAICOM serving as Secretariat, the Committee will coordinate joint field operations, public sensitization campaigns, and continuous policy evaluation to improve compliance and consumer confidence.
In his closing remarks, the Commissioner for Insurance reiterated NAICOM’s commitment to sustained collaboration, stating:
“This partnership is not a one-off event. We are open to continuous feedback, regular evaluation, and the integration of new ideas as we move forward. Fewer road accidents, more insured motorists, and stronger public confidence in insurance will be among the key outcomes.”
The inauguration concluded with a joint declaration by the Honourable Commissioner for Insurance and the Corps Marshal, formally launching the NAICOM-FRSC Joint Committee, accompanied by a commemorative group photograph with senior executives and committee members.