Business
BUA Rewards 510 Employees with ₦30bn in Historic Night of Excellence
BUA Group Honours 510 Employees with ₦30 Billion Cash Awards at its 2025 Night of Excellence
BUA Group has disbursed a total of ₦30 billion to 510 employees at its 2025 Night of Excellence and Long Service Awards, one of the most significant employee reward initiatives undertaken by a Nigerian private sector company.
The ceremony recognised long service, loyalty, and exceptional contribution by employees whose commitment spans from five years to over four decades. It reflected a belief that has guided the Group since inception: enduring businesses are built by people.
Speaking at the event, Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu CFR CON, described the evening as a moment to acknowledge loyalty, resilience, and shared ownership of the BUA journey.
He recalled that from modest beginnings 36 years ago, BUA has grown into one of Nigeria’s most valuable listed enterprises, with a combined market capitalisation now in the trillions of naira. He noted, however, that the journey was never the achievement of one man, one board, or capital alone.
According to Rabiu, “every factory built, every system strengthened, every challenge overcome, and every milestone reached carries the imprint of employees who believed in the vision long before the results were visible.”
He reaffirmed that BUA has always regarded its workforce as partners in a shared legacy rather than merely staff, adding that loyalty and professionalism are values that must be recognised in tangible ways.
As part of the 2025 awards, ₦30 billion was disbursed to 510 recipients across multiple long service and excellence categories. Due to time considerations at the event, only 41 recipients received their awards physically from the Chairman during the ceremony. These represented the highest award categories, ranging from ₦100 million to ₦1 billion.
The on stage recipients comprised sixteen recipients of ₦100 million each, nine recipients of ₦200 million each, seven recipients of ₦250 million each, three recipients of ₦500 million each, five recipients of ₦1 billion each, and one special award recipient whose cash award was not announced at the event. The special award was presented to Kabiru Rabiu in recognition of his exceptional loyalty, leadership, and long standing contribution to the growth and stability of the BUA Group.
All other awardees had received their plaques and cheques ahead of the ceremony or will receive theirs at their respective plants and operational locations across the country.
Rabiu described the cash awards as a token of appreciation, noting that no amount of money can fully account for decades of dedication, personal sacrifice, and belief in the company’s mission.
Looking ahead, he said BUA would continue to expand capacity, invest in advanced technologies, and strengthen its footprint across cement, food, sugar, and infrastructure, adding that the people who built the Group would continue to grow with it.
The BUA Night of Excellence and Long Service Awards is part of BUA Group’s cultural backbone, reflecting an organisation built on shared prosperity, long term thinking, and respect for its people. In addition to staff, partners, and customers, the event had in attendance, distinguished. captains of industry including Alhaji Aliko Dangote, friends, well-wishers, as well as the Executive Governor of Ogun State, Dapo Abiodun, Nigeria’s Minister of Finance (State), Dr Doris Uzoka-Anite, and Nigeria’s Minister of Arts, Culture, Tourism and the Creative Economy, Hannatu Musawa.
*12 Days of Christmas with 5 for 5 Rewards: Celebrating the Season the Wema Way*
December is a season built on gratitude, reflection, and giving. It is a time when small gestures carry deeper meaning and everyday moments turn into shared joy. At Wema Bank, this spirit of the season has inspired the launch of 12 Days of Christmas with 5 for 5 Rewards, a festive campaign created to celebrate customers who continue to make the Bank part of their daily lives.
Running from December 14 to December 25, 2025, the campaign is designed to reward simple, everyday banking while spreading cheer across homes and communities. For twelve days, 33 customers will be rewarded daily with five thousand naira each when they fund their accounts with five thousand naira.
The idea behind the campaign is simple in action but thoughtful in intent. It recognises that during the festive period, every extra support counts. Whether it is preparing for family gatherings, running errands, or planning end-of-year activities, Wema Bank is turning routine transactions into moments of delight.
To take part in the 12 Days of Christmas with 5 for 5 Rewards, customers only need to fund their accounts with five thousand naira through any of the following channels:
ALAT app
*945#
Debit cards
Once the account is funded with five thousand naira, they get an additional five thousand naira as a reward.
Beyond the rewards, the 12 Days of Christmas with 5 for 5 Rewards reflects Wema Bank’s broader commitment to customer-centric banking. It reinforces the Bank’s focus on creating experiences that go beyond transactions, especially during moments that matter most to customers.
As the year draws to a close, Wema Bank is inviting customers to enjoy the festive season knowing that their loyalty is valued and celebrated. With every transaction, the Bank continues to find new ways to connect, appreciate, and give back during a season defined by generosity.
NMDPRA Releases November 2025 Midstream & Downstream Performance Report
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released its State of the Midstream and Downstream Fact Sheet for November 2025, showing steady gains in product availability, stock levels, and domestic refining capacity.
According to the report, Premium Motor Spirit (PMS) supply averaged 71.5 million litres per day, raising national sufficiency to 16.65 days, while daily consumption stood at 52.9 million litres.
The diesel (AGO) market also recorded improvement, with 20.4 million litres supplied daily against a consumption rate of 15.4 million litres.
For Liquefied Petroleum Gas (LPG), supply reached 4,958 metric tonnes per day, surpassing national demand.
The Authority further disclosed that one refinery establishment licence and one construction licence were issued during the period, as the Waltersmith Refinery Train 2 (5,000 bpsd) continues its commissioning phase.
In the gas sector, Nigeria delivered 4.684 billion standard cubic feet per day for power generation, industrial use, and export obligations—an indicator of strengthening domestic gas performance.
Overall, the NMDPRA report highlights ongoing progress in stabilising fuel supply, expanding local production, and advancing Nigeria’s long-term energy security agenda.
Nigeria is steadily securing a brighter energy future.
FirstBank Elephant Girls Crowned Zone 3 Champions, Qualify for WBLA Final Round
Lagos, 5 December 2025 — FirstBank Basketball Club of Nigeria, famously known as the “Elephant Girls”, have clinched the FIBA Africa Zone 3 title and secured qualification for the final round of the Women’s Basketball League Africa (WBLA), slated for 5–14 December 2025 in Cairo, Egypt.
The Elephant Girls delivered a dominant display at the Zone 3 Qualifiers in Abidjan, Côte d’Ivoire, winning all three of their games. Nigeria’s sole representative at the tournament, the team outclassed tough opponents from Côte d’Ivoire, Liberia, Benin Republic, Ghana, and Togo.
Their flawless run featured a decisive 66–55 victory over home favourites CSA of Côte d’Ivoire and a thrilling 63–59 comeback triumph over FBA of Côte d’Ivoire, after recovering from a 20-point deficit in the second quarter.
This exceptional performance—driven by grit, discipline, teamwork, and mental fortitude—marks the Elephant Girls’ triumphant return to continental basketball after a six-year break. As Zone 3 champions and the only English-speaking team to advance, the squad has once again demonstrated FirstBank’s enduring commitment to elevating women’s sports in Nigeria and beyond.
Reacting to the qualification, FirstBank’s Group Head, Human Capital Management & Development and Chairman of the Sports Council, Olumuyiwa Olulaja, said:
“We are incredibly proud of the Elephant Girls for their outstanding performance. They have once again shown the world the strength, resilience, and excellence that define FirstBank.
“At FirstBank, we remain committed to supporting sports in Nigeria and Africa, and this victory is another major milestone in our mission to promote excellence at continental and global levels.”
The Elephant Girls earned the right to represent Nigeria at the WBLA Qualifiers after securing a Silver Medal at the Zenith Nigeria Basketball Federation (NBBF) Women’s Premier League.
With their place in Cairo confirmed, the Elephant Girls are set to display their talent on the continental stage once more—flying the flag for Nigeria and the FirstBank brand as they chase history in the final round of the Women’s Basketball League Africa.
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