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BUA Foods seeks shareholders’ approval for ₦504 billion dividend payment

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Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of N28.00 per ordinary share, totalling about N504 billion for the 2025 financial year.

Africa’s leading food manufacturing company, BUA Foods Plc, has proposed a dividend of ₦28.00 per ordinary share, totalling about ₦504 billion for the 2025 financial year.

The company stated that the proposal is subject to shareholders’ approval at its 5th Annual General Meeting, scheduled for 15 July at the Transcorp Hilton Hotel, Abuja. At the meeting, shareholders will also consider the company’s audited financial statements for the year ended 31 December 2025, as well as other statutory and corporate governance matters.

For the 2025 financial year, BUA Foods reported revenue of ₦1.77 trillion, representing a 16 per cent increase over the previous year. The company also recorded a 95 per cent growth in profit after tax to ₦518.4 billion. In comparison,ile total assets increased by 27 per cent to ₦1.39 trillion, reflecting continued investment in manufacturing capacity and capabilities, operational excellence, and long-term value creation.

The food manufacturer noted that the meeting follows a period during which BUA Foods delivered strong financial performance, enhanced operational efficiency, and reinforced its position as one of Nigeria’s most valuable consumer goods companies.

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Meeting agenda

Commenting ahead of the meeting, the Managing Director of BUA Foods Plc, Ayodele Abioye, said the AGM would provide an opportunity to engage shareholders, review the company’s performance, and discuss its future direction. He noted that despite a challenging operating environment, the company sustained strong performance through disciplined execution and its commitment to delivering quality food products.

Mr Abioye attributed BUA Foods’ achievements to the support of customers, supply partners, its board, management, employees, and other stakeholders. He added that BUA Foods would continue to focus on creating sustainable long-term value through investments in capacity expansion and strengthening food security in support of national development.

READ ALSO: Access Holdings’ working to resume dividend payment – Chairman

“The 5th Annual General Meeting provides an important opportunity to engage with shareholders, reflect on another year of strong performance, and discuss the future direction of the business. Despite a dynamic operating environment, BUA Foods continued to demonstrate resilience through disciplined execution and an unwavering commitment to delivering quality food products to millions of consumers. Looking ahead, the focus remains on creating sustainable long-term value through continuous investments in capacity expansion, with capabilities that strengthen food security for national development,” Mr Abioye said.

The food company reaffirmed its commitment to delivering sustainable returns, strengthening stakeholder confidence, and advancing its purpose of nourishing lives every day.


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Business

Consolidated Hallmark Insurance MDCEO Wins Insurance Woman of the Year 2026

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Consolidated Hallmark Insurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc is proud to announce that its Managing Director/Chief Executive Officer, Mrs. Mary Adeyanju, has been named Insurance Woman of the Year 2026 at the Almond Insurance Industry Awards, held tonight at The Stable.

The award recognises outstanding women whose leadership, innovation and results are reshaping Nigeria’s insurance landscape. Mrs. Adeyanju’s win reflects her bold stewardship of the company, her focus on customer-centred service, and her drive to make insurance more accessible, trusted, and relevant to everyday Nigerians.

Under her leadership, Consolidated Hallmark Insurance has strengthened its market position, embraced digital transformation, and deepened its commitment to claims excellence and stakeholder value.

Accepting the award to a standing ovation, an emotional Mrs. Adeyanju dedicated the honour to the Group Chief Executive Officer, Mr. Eddie Efekoha.

“This award belongs to a man who saw potential in me long before I saw it in myself,” she said. “For over 20 years, Mr. Efekoha has inspired me, guided me and poured so much into my career. Every step I have taken, I have taken on the foundation he built. I am deeply grateful.”

Her tribute underscores a story of mentorship, trust and the power of investing in people, values that sit at the heart of the Consolidated Hallmark culture.

The recognition is a win for the entire organisation and for women in the insurance industry, proof that purposeful leadership and sustained support can open doors for the next generation.

Consolidated Hallmark Insurance Limited remains committed to delivering value, protecting livelihoods and setting new standards of excellence in the industry.

About Us:

Consolidated Hallmark Insurance Limited is one of the leading General Business and Special Risk Insurance underwriters in Nigeria.

Over the years, the company has played a leadership role in the underwriting of key transactions in Aviation, Oil & Gas, Marine Cargo and Hull Business as well as in Motor insurance business.

We have built a reputation on Professionalism, Integrity and Excellent Service Delivery. Leveraging on the capabilities and unique skills of the entire group, we provide premium risk management solutions to our clients. Our commitment to serving you better has seen us make key investments in our People, Technology and Processes.

The post Consolidated Hallmark Insurance MDCEO Wins Insurance Woman of the Year 2026 appeared first on Business Today NG.

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Baze University acquires two aircraft as founder expands aviation education

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Baze University, Abuja, has acquired two training aircraft from Austria as it expands its investment in aviation education.

The aircraft arrived at the Nnamdi Azikiwe International Airport, Abuja, on Friday and received a traditional water cannon salute, according to reports by Nigerian media.

The university’s founding Pro-Chancellor, Datti Baba-Ahmed, disclosed the acquisition, saying it would strengthen Nigeria’s aviation training capacity and support the development of skilled professionals.

Baze University acquires two aircraft as Baba-Ahmed expands aviation investment
Baze University acquires two aircraft as Baba-Ahmed expands aviation investment

The Vice-Chancellor, Abiodun Adeniyi, a professor, also described the development as part of a broader entrepreneurial vision to build institutions that contribute to national development.

The acquisition represents another expansion of Baze University, which has invested in higher education and healthcare before venturing into aviation training.

In a reflection shared on Facebook on Saturday, Mr Adeniyi described the development as an example of entrepreneurship driven by vision, patience, hard work and calculated risk-taking.

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He said the acquisition illustrated how businesses could grow through personal investment, borrowing, reinvestment and diversification, rather than waiting until they had accumulated all the capital needed for expansion.

“Successful entrepreneurs do not necessarily wait to become debt-free before expanding. They distinguish productive borrowing from reckless indebtedness, deploying resources into assets that create lasting economic value,” he wrote.

Mr Adeniyi said the investment went beyond private wealth creation, arguing that businesses established around education, healthcare and aviation could contribute to national development by creating jobs, building local capacity and developing human capital.

He described such investments as an expression of economic patriotism, where entrepreneurship also responds to national needs.

Expanding into aviation

The two aircraft are expected to support practical flight training at Baze Aviation School, which is being developed in Bwari, Federal Capital Territory.

The school is part of the university’s plans to combine classroom instruction with practical aviation training. Its proposed facilities include a dedicated runway, hangar, terminal building, laboratories and simulation centres.

The Coordinator of the Aviation School, Aliyu Bello, said the aircraft would enable students to gain hands-on experience alongside ground-school instruction.

Mr Baba-Ahmed said the institution planned to train at least 600 professionals in areas including air traffic control, air rescue and firefighting, subject to approval by relevant regulatory authorities.

He also disclosed plans for an aerodrome hub with a runway measuring 1,800 metres by 30 metres, with an additional 15 metres.

The National Universities Commission has approved two undergraduate programmes at the university for the 2026/2027 academic session: Aviation Management under the Faculty of Management and Social Sciences and Aerospace Engineering under the Faculty of Engineering.

Mr Adeniyi said the university would become the first private university in Africa to operate its own aviation school.

Entrepreneurship and national development

Mr Adeniyi’s remarks place the aircraft acquisition within a broader debate about the role of private investment in addressing Nigeria’s development challenges.

Nigeria’s aviation industry requires specialised human resources across several fields, including pilots, aircraft maintenance engineers, air traffic controllers and other technical professionals. Training institutions that combine academic instruction with practical facilities could help expand the pool of skilled workers available to the sector.

READ ALSO: How community-based schools could help Nigeria tackle out-of-school children crisis – dRPC

However, aviation training is capital-intensive and requires substantial investment in aircraft, infrastructure, maintenance, safety systems and regulatory compliance.

Mr Adeniyi said the development demonstrated the importance of sustaining a vision through years of uncertainty and making investments that could generate long-term economic value.

He traced Mr Baba-Ahmed’s expansion from Baze University, established largely with personal resources and subsequently supported by bank financing, to investments in healthcare through Baze Hospital, higher education through Baba-Ahmed University in Kano and now aviation training.

The professor argued that investments in such sectors could help reduce dependence on foreign expertise while creating opportunities for Nigerians to acquire technical skills and participate in productive enterprises.

He said the benefits of entrepreneurship should not be measured only by wealth accumulated by investors but also by the institutions created, jobs generated and national needs addressed.

“Perhaps the lesson is that great enterprises are built not simply with money, but through vision, sacrifice, perseverance and the capacity to transform ambition into productive institutions,” Mr Adeniyi wrote.

He added that when private enterprise responds to national development priorities, it takes on significance beyond commercial success.

The vice-chancellor congratulated Mr Baba-Ahmed on the acquisition, describing it as another expression of a sustained investment philosophy whose benefits could extend beyond the investor.


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