Business
Glo Presents Prizes To Ofala Promo Winners

Globacom on Sunday, October 23, 2022, presented prizes to its subscribers who emerged winners in the special promotion organised by the company as part of its sponsorship of the 2022 Ofala Festival.
The winners received their prizes at Ime Obi, the palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala.
Among the lucky subscribers were Chuka Augustine Amene and Kelvin Tochukwu who drove home brand new tricycles, popularly called Keke.
It was “double blessing” for Amene whose wife was delivered of a baby girl earlier the same day.
“It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”, the 32-year-old civil servant with the Anambra State Ministry of Justice declared.
For the second tricycle winner, Tochukwu, it was a dream come true. He told the audience that he had been praying for a Keke and that he had a dream a week ago that he won the vehicle in the Glo promo. “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it,” he stated.
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Other winners went home with industrial sewing machines and grinding machines.
Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University were lucky winners of industrial sewing machine
Grinding machine winners included Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State.
She said the gift came at a very opportune moment for her as it would empower her to earn money to support herself in school. It’s a dream come true, says tricycle winner at Glo-sponsored Ofala
37-year-old Onitsha-based transporter, Kelvin Tochukwu, who won a tricycle (Keke) in the special promotion packaged by Globacom as part of its sponsorship of the 2022 Ofala Festival says it is “a dream come true”.
Tochukwu who was presented his prize by Glo officials and Palace Chiefs at Ime Obi (Obi’s Palace) in Onitsha, Anambra State, on Sunday told the audience that he had been praying to own a Keke to start his own transport business. He said that he had a dream a week ago that he won the vehicle in the Glo promo.
“I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it,” Tochukwu declared.
Chuka Augustine Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice, also won a tricycle. It was a true case of “double blessing” for him as his wife had a baby girl earlier the same day.
“It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”, he stated.
Globacom also presented other prizes such as industrial sewing machines and grinding machines to other winners in the promotion.
Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University were lucky winners of industrial sewing machine.
Grinding machine winners included Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State.
She said the gift came at a very opportune moment for her as it would empower her to earn money to support herself in school.
Excited Glo winners receive prizes in special Ofala Promo
As the 2022 Ofala Festival climaxed on Sunday in Onitsha, Anambra State, lucky winners in the special Glo customer reward promo designed for the yearly event went home with exciting prizes.
The Ime Obi, palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala was the venue of the impressive presentation ceremony.
Chuka Augustine Amene and Kelvin Tochukwu who both won tricycles, popularly called Keke, were full of gratitude to Globacom for empowering them through the promo.
Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice whose wife was delivered of a baby girl earlier the same day said, “It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”.
On his own part, the second tricycle winner, Tochukwu, explained that it was a dream come true for him as he had been praying for a Keke. He said he had a dream a week ago that he won the vehicle in the Glo promo adding, “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it.”
Winners of industrial sewing machines included Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University.
Similarly, Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State who won a grinding machine enthused that the prize would avail her the opportunity to set up a mill in support of her educational pursuit.
“It’s double blessing for me”, winner in Glo Ofala Promo says
A tricycle winner in the special customer-reward promo organized by Globacom, the main sponsor of Ofala Festival 2022, said the prize was a double blessing for him as his wife delivered a baby girl the same day of the presentation.
The Ime Obi, palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala was a beehive of activities as the winners received their prizes with glee.
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According to Chuka Augustine Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice, “It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”.
The second tricycle winner, Kevin Tochukwu, noted that the prize was a dream come true for him as he had prayed for a Keke. According to him, a dream which he had a week ago that he won a tricycle in the Glo promo propelled him to buy a new handset from Glo, “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve.”
Other lucky winners who received industrial sewing machines included Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University.
In the same vein, Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State, who received a grinding machine in the promo explained that the prize would serve as a source of sustenance for her as she continues her education in the university.
Business
French Media Giant Canal+ Takes Over S.Africa’s Multichoice

French media giant Canal+ said Monday it had taken effective control of South African television and streaming company MultiChoice, creating a group present in nearly 70 countries in Africa, Europe and Asia.
The companies said in a joint statement that the combined group will have a workforce of 17,000 employees and serve more than 40 million subscribers.
The acquisition is “the largest transaction ever undertaken” by Canal+, the statement said.
READ ALSOFrench Media Giant Acquires MultiChoice In $3bn Deal, Gains Full Control Of DStv, GOtv
Canal+, which is already the sector’s leader in French-speaking African countries, now controls what it described as the leader in the continent’s English- and Portuguese-speaking regions.
“This acquisition allows us to strengthen our position as a leader in Africa, one of the most dynamic pay-TV markets in the world,” Canal+ chief executive Maxime Saada said in the statement.
The buyout was given a final green light by South Africa’s competition authority in late July, more than a year after Canal+ launched its bid.
READ ALSO:FG To Arraign MultiChoice Chairman, MD, Others For Allegedly Breaching FCCP Act
Canal+ offered 125 rand ($7.2) per share for MultiChoice when it launched its offer last year, valuing the South African firm at around $3.0 billion.
Canal+ is present in 25 African countries through 16 subsidiaries and has eight million subscribers.
MultiChoice operates in 50 countries across sub-Saharan Africa and has 14.5 million subscribers.
It includes Africa’s premier sports broadcaster, SuperSport, and the DStv satellite television service.
AFP
Business
BREAKING: Nigeria’s GDP Grows By 4.23% In Q2 2025 – NBS

Nigeria’s Gross Domestic Product grew by 4.23 per cent (year-on-year) in the second quarter of 2025, the National Bureau of Statistics revealed in its Q2 2025 GDP Report.
According to the report released on Monday on its website, the figure shows a significant improvement compared to 3.48 per cent recorded in the second quarter of 2024 and the 3.13 per cent recorded in Q1 2025.
The figures signal a strengthening economy, driven by recent rebasing, rebound in oil production and a resilient non-oil sector.
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The report said, “Following the rebasing of the Gross Domestic Product using 2019 as the base year, previous quarterly GDP estimates were benchmarked to the rebased annual estimates to align the old series with the new rebased estimates
“This procedure provided a new quarterly GDP series, which is compared to the 2025 second quarter estimates. Gross Domestic Product grew by 4.23% (year-on-year) in real terms in the second quarter of 2025.
“This growth rate is higher than the 3.48 per cent recorded in the second quarter of 2024. During the quarter under review, agriculture grew by 2.82%, an improvement from the 2.60% recorded in the corresponding quarter of 2024.
READ ALSO: BREAKING: Nigeria’s GDP Grew By 3.46% In Q4 2023 — NBS
According to NBS, “The growth of the industry sector stood at 7.45% from 3.72% recorded in the second quarter of 2024, while the Services sector recorded a growth of 3.94% from 3.83% in the same quarter of 2024.”
The report said in terms of share of the GDP, “the Industry sector contributed more to the aggregate GDP in the second quarter of 2025 at 17.31% compared to the corresponding quarter of 2024 at 16.79%.”
It added, “In the quarter under review, aggregate GDP at basic price stood at N100,730,501.10 million in nominal terms. This performance is higher when compared to the second quarter of 2024, which recorded an aggregate GDP of N84,484,878.46 million, indicating a year-on-year nominal growth of 19.23%.”
Details later…
Business
Why Nigeria’s Crude Oil Production Dropped To 1.63mbpd In August – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that unscheduled maintenance at a refinery facility made Nigeria’s crude oil production drop on a month-on-month basis in August.
This comes as Nigeria’s crude oil production dropped to 1.63 million barrels per day month-on-month in August, down from 1.71 million bopd in July.
NUPRC disclosed this in its Crude Oil and Condensate Production for August 2025, released on Saturday.
This means a 4.7 per cent drop in combined crude oil and condensate production from 1.71 million bopd in July.
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In the same vein, crude oil production itself declined by 4.8 per cent, down from 1.5 million bopd in July 2025.
“The month-on-month drop was driven by a single-day unscheduled maintenance at an oil facility.
“In the month of August, the lowest and peak combined crude and condensate production were 1.59 million bopd and 1.85 million bopd, respectively,” NUPRC said.
The data showed that while there was a decline month-on-month, the country’s crude oil production rose on a year-on-year basis by 5.5 per cent to 1.63 mbpd in August this year from 1.58 million bopd in the same period last year.
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Further analysis indicates that daily condensate production in August stood at 197,229 bpd, reflecting a decline.
Also, Nigeria’s crude oil output in August achieved 96 per cent of its OPEC quota, which is set at 1.5 million bopd.
Accordingly, in the period under review, Forcados Terminal topped the production charts, delivering a total of 8.99 million barrels, including 8.08 million barrels of crude oil and 915.2k barrels of condensates.
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