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On July 29, 2025, UAC Nigeria announced that it had reached an agreement to acquire CHI Limited, the manufacturer of popular beverage and dairy brands such as Hollandia and Chivita, from The Coca-Cola Company.
UBA’s Group Managing Director/CEO, Oliver Alawuba, emphasised solid performance based on prudent management and innovation, despite ongoing macroeconomic challenges.
I am confident that very soon other public office holders will also drive Made-in-Nigeria cars in line with Nigeria’s first policy.
This factory is not just for Nigeria but for the African market—West, East, Central, and Southern Africa.
The report stated that the current production index also declined owing to the industrial disputes in the oil and gas sector, which disrupted gas supply, elevated energy cost and constrained manufacturing output.
Oyedele emphasised that the Award aims to foster constructive public discourse, counter misinformation, and promote journalism that explains reforms in a manner that citizens can trust and understand.