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FIRSTBANK DECEMBERISSAVYBE: TOP 11 EVENTS TO ROCK YOUR DECEMBER

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FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.
  • FIRSTBANK DECEMBERISSAVYBE:  TOP 11 EVENTS TO ROCK YOUR DECEMBER

Whenever the conversation is on financial inclusion in Nigeria, FirstBank leads the pack. With over 150,000 banking agents, a full digital banking centre and other innovative solutions, the nation’s premier bank is surely doing a great job connecting Nigerians with access to convenient banking products and services.

But that’s not all. FirstBank is also enabling Nigerians to have the best of the yuletide and holiday season year in year out. The bank is aiding its customers to create exciting memories and enjoy fun time with family and friends through their participation in glamorous musical shows, comedy, dance, drama and other entertainment from A-list superstars and performers.

This is being coordinated via the FirstBank DecemberIssavybe initiative as it bankrolls top entertainment events for maximum pleasure throughout the month of December.

To enjoy the premium concerts, stage plays, fashion and food events; lucky customers and followers of the Bank’s social media pages – Facebook: First Bank of Nigeria Limited, Instagram: @firstbanknigeria should look out for posts on how to participate in the ticket giveaways.

Here are top 11 events that FirstBank is powering to rock your December.

BURNA BOY LAGOS CONCERT

Nigerian Grammy Award winning superstar, Burna Boy will at the Eko Convention Centre on Monday December 27lead other top singers to thrill music fans with many monster hit songs like Kilometre, Questions, Ye, Want It All and others.

DAVIDO 10TH YEAR ANNIVERSARY CONCERT

Davido aka OBO will on Friday December 24, shut Lagos down at his 10th year anniversary concert at the glamorous Eko Convention Centre. David has been in the news for his extreme generosity which has got his fans loving up on him. The show will feature many other superstars.

MAMMA MIA, THE SMASH HIT MUSICAL

A 65 member (All Nigerian) cast and crew licensed adaptation of the global show live in Lagos showing between December 29, 2021 and Jan 2, 2022. It’s a show for the whole family; not just as the Only jukebox musical in Lagos this Christmas; it’s absolutely THE most “Ridiculously enjoyable” show to watch this holiday.

An adaptation of the original musical created in 1998 by British theatre producer Judith Cramer, who engaged British playwright Catherine Johnson, to write a story woven around the multiple hit songs of Swedish pop group ABBA, composed by Bjorn Ulvaeus and Benny Andersson. The original story was carefully and skillfully adapted with a Nigerian nuance by seasoned theatre director Najite Dede. The Nigerian production is woven with shades of cultural colours, which are visible not just in the language and gesture but also in the costume, choreography and characteristics, while the original soundtracks remains the same, this production infuses Abba’s music with local drums and percussions to deliver a distinctive Nigerian edition, resulting in an ecstatic euphoria from the Audience!

A TRUE CHRISTMAS STORY BY LIVE THEATRE

Live Theatre Lagos presents a musical stage play titled ‘A TrueChristmas Story’ which is an adaptation of the popular nativity story. This musical speculates how Joseph met Mary and the events leading to the birth of Jesus situating the story in our contemporary African milieu. The romantic comedy explores the themes of love, commitment, devotion and communality. Christmas is a globally enjoyed holiday that traverses religion, gender and age, and the play, A True Christmas Story captures the essence of the holiday which is love and sharing. This free-to- attend play provides fun for the audience and empowerment for the Cast and Crew.

#ATXS would feature brilliant thespians like Hafiz Oyetoro (Saka), Akah Nnani, NeduWazobiaFM. This epic theatre is interspersed with dance and spectacular music renditions ranging from Ballet to Soul, Acapella, Fuji, High Life, Funk, Galala, Shaku-Shaku and Hip-Hop. It held between 16th and 18th December, 2021.

AFRICA FASHION WEEK

Africa Fashion Week Initiative of Nigeria is a catwalk, exhibition and learning platform designed for the promotion of fresh and emerging designers. Africa Fashion Week Nigeria aims to revive the decline of local textile industries in Nigeria by the opening of the Adire Oodua Textile Hub in Ile-Ife, Osun State Nigeria.

The Adire Hub which was opened in March 2021, facilitates the production of natural dyes, locally sourced materials, old ancient methods, new technology to create Adire pieces. The Hub provides training to low-income women and youth in Ile-Ife and its environs. The Hub enables us to promote circular economies – from farm to fabric to fashion, to financing SMEs.

CULTURATI 2021 – THE AFRICA ENTERTAINMENT FESTIVAL

CULTURATI, is a high-status fusion of cultural event, exhibition and award brand – cleverly tailored toward recognizing the tireless contributions of art luminaries in different creative endeavours. The 2021 edition held on 3 December at the Balmoral Centre, Federal Palace Hotel.

 FIRST VIOLA – BLACK TIE CHRISTMAS

The Black Tie Christmas Concert is a charitable event convened to raise funds for the music education of the underprivileged children in orphanages that are of primary and secondary school age. The event was held on 19th December at the Agip Recital Hall, Muson Centre, Lagos.

THE LIVESPOT X-FESTIVAL XPERIENCE

TheLivespotX Festival is a multi-day hybrid convergence of everything X-traordinary, X-citing and X-clusive, thatcelebratesurban pop-culture.We’re bringing adynamicX-periencethat is fully compliant with the current pandemic era we live in and targeted at a diverse audience with each concert day tailor-made to suit each group of attendees.

The festival includes a string of hybrid events (physical & virtual) that feature headline acts performing live, pristine sound, world-class lighting, immersive experiences, exotic cuisine and much more. It is designed to meet and exceed the entertainment cravings of Nigerians especially during DettyDecember

MAINLAND LAUGHS

In a very crowded entertainment market, Mainland laffs offers a refreshing approach to family entertainment. With this second edition, ML is establishing its number 1 position as the only comedy show in the country that is safe for parents and their wards. Tagged Family Comedy Show, it enables the entire family will enjoy an evening of fun, laughter and entertainment with a variety of children virtuoso and comedic performances, stage plays, comic interludes and much more…. Mainland laffs is a vision of the Trevent Company, and it is one of the fastest growing family entertainment events in Nigeria. The event took place on 5 December at D’Podium International Event Centre, off Adeniyi Jones, Lagos

FUJI OPERA 

Fuji: A Opera explores the music genre and its sub-culture through archive footage, costume, memorabilia, and imagery. Fuji music takes centre stage at the maiden edition of Fuji: A Opera, which kicks off on Monday at the Alliance Francaise de Lagos/The Mike Adenuga Centre, Ikoyi, Lagos. Pioneering Fuji founders such as General Ayinla Kollington, K1 De Ultimate, King Wasiu Ayinde Marshall, and other icons add colour at the commencement of the week-long event.

KOFFI THE GURU, I STAND CORRECTED (ISC)

I Stand to Be Corrected is a stand-up comedy special targeted at the urban audience. Koffi Idowu-Nuel does a solo routine on subjects that relate on family, love, politics, education etc. The event held on the 11th of December at The Terra Kulture in Victoria Island.

Written by Bolaji Israel

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Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing

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Deadline of Compliance: Nigeria’s Urgent Call for Tax Return Filing

By George Omagbemi Sylvester | Published by SaharaWeeklyNG.com

“Shift or Structural Demand? A Declaration of Civic Duty in a Nation at a Fiscal Crossroads.”

In the unfolding narrative of national development and economic reform, few instruments are as defining as tax compliance. For Nigeria, a nation perpetually grappling with revenue shortfalls, structural dependency on a single export commodity, and entrenched informal economic behaviour, the Federal Government’s recent clarification on tax return deadlines is not mere bureaucratic noise. It is a deliberate and inescapable declaration: the social contract between citizen and state must be honoured through transparent, lawful and timely tax reporting.

At its core, the government’s pronouncement is stark in its simplicity and radical in its implications. Federal authorities, speaking through the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, have made it unequivocally clear that every Nigerian, whether employer or individual taxpayer, must file annual tax returns under the law. This encompasses self-assessment filings by individuals that too many assumed ended once employers deducted pay-as-you-earn taxes from their salaries.

This is not an optional civic suggestion, it is mandatory, backed by statute, and tied to a broader vision of national fiscal responsibility. Citizens can no longer hide behind ignorance, apathy, or false assumptions. “Many people assume that if their employer deducts tax from their salaries, their obligations end there. That is wrong,” Oyedele warned, emphasizing that the obligation to file remains with the individual under both existing and newly reformed tax laws.

The Deadlines and the Reality They Reveal.
Across the federation, state and federal revenue authorities have reaffirmed statutory deadlines in pursuit of compliance. The Lagos State Internal Revenue Service, for instance, moved to extend its filing date for employer returns by a narrow window, reflecting the reality that compliance often lags behind legal timelines. The extension was intended not as leniency, but as a pragmatic effort to allow accurate and complete submissions, underscoring that true compliance rises above mere mechanical ticking of a box.

At the federal level, Oyedele’s intervention was even more fundamental. He reminded Nigerians that annual tax returns for the preceding year must be filed in good faith, with integrity and in respect of the law. This applies regardless of income level including low-income earners who have historically believed that they are outside the tax net. “All of us must file our returns, including those earning low income,” he stated.

Herein lies one of the most challenging truths of contemporary Nigerian governance: widespread tax non-compliance is not just a technical breach of law, it is a deep cultural and structural issue that reflects decades of mistrust between citizens and the state.

The Root of the Problem: Non-Compliance as a Symptom.
Nigeria’s tax culture has long been under scrutiny. Public discourse and economic analysis consistently show that a significant majority of eligible taxpayers do not file annual returns. Oyedele highlighted that even in states widely regarded as tax administration leaders, compliance remains strikingly low, often below five percent.

This widespread non-compliance stems from multiple sources:

A long history of weak tax administration systems, where enforcement was inconsistent and penalties were rarely applied.

A perception that public services do not reflect the taxes collected, eroding the citizenry’s belief in reciprocity.

An informal economy where income often goes unrecorded, making filing seem irrelevant or impossible to many.

Lack of awareness, with many Nigerians genuinely believing that tax liability ends with employer deductions.

The government’s renewed push for compliance directly challenges these perceptions. It signals a shift from voluntary or lax compliance to structured accountability, a stance that aligns with best practices in modern public finance.

Why This Matters: Beyond Deadlines.
At its most profound level, the insistence on tax return filings is about nation-building and shared responsibility.

Scholars of public finance universally agree that a robust tax system is the backbone of sustainable development. As the eminent economist Dr. Joseph E. Stiglitz has observed, “A society that cannot mobilize its own resources through fair taxation undermines both its government’s legitimacy and its capacity to provide for its people.” Filing tax returns is not a mere administrative task, it is a declaration of participation in the collective project of national advancement.

In Nigeria’s context, this declaration carries weight. With the enactment of comprehensive tax reforms in recent years (including unified frameworks for tax administration and enforcement) authorities now possess broader statutory tools to ensure compliance and accountability. These measures, which include electronic filing platforms and stronger enforcement powers, have been framed as fair and equitable, targeting efficiency rather than arbitrariness.

Yet the success of these reforms depends heavily on citizens embracing their civic duties with sincerity. And this depends on mutual trust, the belief that paying taxes yields tangible benefits in infrastructure, education, healthcare, security and social services.

Voices From Experts: Fiscal Responsibility as a Public Ethic.
Tax law experts and economists, reflecting on the compliance push, have underscored a universal theme: taxation without transparency is inequity, but taxation with accountability is empowerment. When managed with fairness, a functional tax system can reduce dependency on volatile revenue sources, stabilise national budgets, and support long-term investment in human capital.

Professor Aisha Bello, a respected authority in fiscal policy, notes that “Tax compliance is not a burden; it is the foundation upon which social contracts are built. A citizen who honours tax obligations affirms the legitimacy of governance and demands better performance in return.”

Similarly, a leading tax scholar, Dr. Emeka Okon, argues that “The era when Nigerians could evade broader tax responsibilities simply because automatic deductions occur at source must end. For a modern economy, every eligible citizen must be part of the formal tax fold not as victims, but as stakeholders.”

These authoritative voices point to an unassailable truth: filing tax returns is both a legal requirement and a moral responsibility, an expression of citizenship in its fullest sense.

Challenges on the Ground: Compliance and Capacity.
While the rhetoric of compliance is compelling, the reality on the ground demands nuanced understanding. Many taxpayers (especially in the informal sector) lack meaningful access to digital platforms and resources for filing returns. For others, the fear of bureaucratic complexity and perceived punitive enforcement deters participation.

The government, for its part, has responded by promoting online systems and pledging greater taxpayer support. Tax authorities are increasingly engaging stakeholders to demystify filing processes, explain requirements and offer assistance. This mix of enforcement and facilitation is essential. As one seasoned revenue specialist observed: “The state cannot compel compliance through force alone; it must earn it through education, simplicity and fairness.”

The Broader Implication: A New Social Compact.
Ultimately, Nigeria’s renewed emphasis on tax return filing transcends administrative deadlines. It is an unequivocal declaration that national development is a shared responsibility, that citizens and state must engage in a transparent, accountable, and reciprocal relationship.

Tax compliance, therefore, becomes far more than a legal act; it becomes a moral claim on the nation’s future.

When citizens file their returns honestly, they affirm their stake in the nation’s destiny. When the government collects taxes transparently and deploys them effectively, it strengthens not only public services but civic trust itself.

In this sense, the deadlines proclaimed by Nigeria’s fiscal authorities mark not an end but a beginning; the beginning of a civic epoch in which accountability replaces apathy, participation replaces indifference and national purpose triumphs over fragmentation.

The road ahead will not be easy. But in demanding compliance, Nigeria is demanding more than tax returns. It is demanding commitment and that, ultimately, is the foundation on which nations are built.

 

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BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

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BUA FOODS PLC RECORDS 101% PROFIT GROWTH IN H1 2025, CONSOLIDATES LEADERSHIP IN NIGERIA’S FOOD SECTOR …Revenue Rises to ₦912.5 Billion; PBT Hits ₦276.1 Billion

BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale

BUA Foods Plc has delivered one of the most impressive financial performances in Nigeria’s fast-moving consumer goods (FMCG) sector, recording a 91 per cent increase in Profit After Tax (PAT) for the 2025 financial year.
According to the company’s unaudited financial results for the year ended December 31, 2025, Profit After Tax rose sharply to ₦508 billion, compared with ₦266 billion recorded in 2024, underscoring strong operational efficiency, improved cost management, and resilience despite a challenging macroeconomic environment.
The near-doubling of profit reflects BUA Foods’ ability to navigate rising input costs, foreign exchange volatility, and inflationary pressures that weighed heavily on manufacturers throughout the year. Analysts note that the performance places the company among the strongest earnings growers on the Nigerian Exchange in 2025.
The company’s Q4 2025 performance further highlights this momentum. Group turnover stood at ₦383.4 billion, while gross profit came in at ₦151.5 billion, demonstrating sustained demand across its core product lines including sugar, flour, pasta, and rice.
Despite a year marked by higher operating costs across the industry, BUA Foods maintained disciplined spending. Administrative and selling expenses were kept under control relative to revenue, helping to protect margins.
Operating profit for Q4 2025 stood at ₦126.9 billion, reinforcing the company’s strong core earnings capacity. Although finance costs and foreign exchange losses remained a factor, reflecting the broader economic realities, BUA Foods still closed the period with a Net Profit Before Tax of ₦102.3 billion for the quarter.
Earnings Per Share Rise Sharply
Shareholders were among the biggest beneficiaries of the strong performance. Earnings Per Share (EPS) rose significantly, reflecting the substantial growth in net income and strengthening the company’s investment appeal.
Market watchers say the improved earnings profile could support sustained investor confidence, especially as the company continues to consolidate its leadership position in Nigeria’s food manufacturing space.
BUA Foods Records 91% Surge in Profit After Tax, Hits ₦508bn in 2025

By femi Oyewale
Industry Leadership Amid Economic Headwinds
BUA Foods’ 2025 results stand out against a backdrop of currency depreciation, energy cost spikes, and logistics challenges that constrained many manufacturers. The company’s scale, backward integration strategy, and local sourcing advantages are widely seen as key contributors to its resilience.
Outlook
With a 91% year-on-year growth in PAT, BUA Foods enters 2026 on a strong footing. Analysts expect the company to remain a major driver of growth in the consumer goods sector, provided macroeconomic stability improves and cost pressures ease.
For now, the 2025 numbers send a clear signal: BUA Foods is not only growing—it is accelerating.
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Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

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Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

In celebration of the season of love, Adron Homes and Properties has announced the launch of its special Valentine campaign, “Love for Love” Promo, a customer-centric initiative designed to reward Nigerians who choose to express love through smart, lasting real estate investments.

The Love for Love Promo offers clients attractive discounts, flexible payment options, and an array of exclusive gift items, reinforcing Adron Homes’ commitment to making property ownership both rewarding and accessible. The campaign runs throughout the Valentine season and applies to the company’s wide portfolio of estates and housing projects strategically located across Nigeria.

 

Adron Homes Unveils “Love for Love” Valentine Promo with Exciting Discounts, Luxury Gifts, and Travel Rewards

Speaking on the promo, the company’s Managing Director, Mrs Adenike Ajobo, stated that the initiative is aimed at encouraging individuals and families to move beyond conventional Valentine gifts by investing in assets that secure their future. According to the company, love is best demonstrated through stability, legacy, and long-term value—principles that real estate ownership represents.

Under the promo structure, clients who make a payment of ₦100,000 receive cake, chocolates, and a bottle of wine, while those who pay ₦200,000 are rewarded with a Love Hamper. Payments of ₦500,000 attract a Love Hamper plus cake, and clients who pay ₦1,000,000 enjoy a choice of a Samsung phone or a Love Hamper with cake.

The rewards become increasingly premium as commitment grows. Clients who pay ₦5,000,000 receive either an iPad or an all-expenses-paid romantic getaway for a couple at one of Nigeria’s finest hotels, which includes two nights’ accommodation, special treats, and a Love Hamper. A payment of ₦10,000,000 comes with a choice of a Samsung Z Fold 7, three nights at a top-tier resort in Nigeria, or a full solar power installation.

For high-value investors, the Love for Love Promo delivers exceptional lifestyle experiences. Clients who pay ₦30,000,000 on land are rewarded with a three-night couple’s trip to Doha, Qatar, or South Africa, while purchasers of any Adron Homes house valued at ₦50,000,000 receive a double-door refrigerator.

The promo covers Adron Homes’ estates located in Lagos, Shimawa, Sagamu, Atan–Ota, Papalanto, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, and Niger States, offering clients the opportunity to invest in fast-growing, strategically positioned communities nationwide.

Adron Homes reiterated that beyond the incentives, the campaign underscores the company’s strong reputation for secure land titles, affordable pricing, strategic locations, and a proven legacy in real estate development.

As Valentine’s Day approaches, Adron Homes encourages Nigerians at home and in the diaspora to take advantage of the Love for Love Promo to enjoy exceptional value, exclusive rewards, and the opportunity to build a future rooted in love, security, and prosperity.

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