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BUA Foods Posts Sharp Profit Jump as Demand Lifts Sales

BUA Foods nearly doubled profit in 2025, as demand for staples and tight cost control lifted earnings and reinforced its position in Nigeria’s food sector.
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Vitafoam Nigeria Posts Strong Start to 2026 on Demand

Vitafoam Nigeria began 2026 with higher revenue and profit, supported by domestic demand growth, lower finance costs and a stronger balance sheet despite weaker exports.

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Alakija Donates $23 Million Teaching Hospital to Osun University

Nigeria’s richest woman donates a $23 million teaching hospital to Osun State University, expanding medical training, specialist care, and healthcare infrastructure capacity
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Festive Season Pressure Sends Nigeria’s Inflation to Four-Month High

Nigeria’s November inflation climbed month-on-month as festive demand and insecurity lifted food prices, despite easing annual inflation trends.
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Dangote Lowers Petrol Prices, Fuel Importers Face Billions in Losses

Dangote’s petrol price cut has triggered a price war, cutting pump prices but causing huge losses for importers and fuel marketers.
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US Embassy Warns Nigerians of Permanent Bans Over Visa Fraud

The US Embassy in Abuja warns Nigerians that visa fraud, false claims or fake documents can result in permanent bans under US law.
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Umahi Says Southeast Integration Makes Biafra Calls Obsolete

Works Minister David Umahi says federal infrastructure investment under President Tinubu has reintegrated the Southeast, making renewed Biafra agitation unnecessary.
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Dangote Warns Oil Theft Syndicates Outgun Drug Cartels

Dangote warns that Nigeria’s oil mafia rivals drug cartels, blaming refinery losses and pipeline sabotage for undermining energy security.
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INEC Opens Online Accreditation for FCT Election Coverage

INEC has opened an online accreditation portal for journalists covering the FCT poll, signaling early preparations for structured media access during the elections.
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Supreme Court Backs Fidelity Bank in Sagecom Case

The Supreme Court ruled in favor of Fidelity Bank, resolving a two-decade dispute with Sagecom and reducing the judgment debt significantly.
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Dangote Sets N739 Petrol Pump Price

Dangote sets petrol pump price at N739 per litre, warning marketers and regulators as refinery partners begin nationwide rollout after gantry price cuts
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Presco Expands Palm Oil Footprint in Nigeria

Presco acquires 10,000 hectares in Cross River State, expanding plantations and securing palm oil supply as Nigeria seeks to reduce edible oil imports
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Abdul Samad Rabiu Shares $20.7m With Long-Serving BUA Employees

Abdul Samad Rabiu approves $20.7 million cash rewards for long-serving BUA Group employees at an awards event in Lagos.
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Bandit Leader Bello Turji Accuses Ex-Governors of Fueling Insecurity in North

Bandit leader Bello Turji accuses former governors of fueling insecurity and denies receiving ₦30 million during Zamfara peace talks.
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Business

BUA Foods Posts Sharp Profit Jump as Demand Lifts Sales

BUA Foods nearly doubled profit in 2025, as demand for staples and tight cost control lifted earnings and reinforced its position in Nigeria’s food sector.
News

Vitafoam Nigeria Posts Strong Start to 2026 on Demand

Vitafoam Nigeria began 2026 with higher revenue and profit, supported by domestic demand growth, lower finance costs and a stronger balance sheet despite weaker exports.
News

Linkage Assurance Revenue Rises 24 Percent on Performance

Linkage Assurance posted a 24 percent rise in insurance revenue in 2025, supported by underwriting growth, reinsurance optimisation and improved profitability across core operations.
Politics

Senate Sets Up Panel to Harmonise Views on Electoral Bill

Nigeria’s Senate has formed a bipartisan committee to consolidate lawmakers’ views on proposed Electoral Act amendments, with a report due within 48 hours.

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