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Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
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NECA queries NNPC-China refinery deal, cites $25bn spend

NECA Director-General Adewale-Smatt Oyerinde questioned NNPC's new MOU with Chinese firms, demanding accountability for the $25 billion already spent on failed refinery rehabilitations.

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UNILAG Rejects ASUU Strike, Says Exams Will Hold

UNILAG management rejected ASUU's strike action Wednesday and vowed semester exams would proceed despite lecturers walking out over unpaid salary components.
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Nigeria Suspends $300 Helicopter Fee for Oil Firms

Nigeria suspended its $300 helicopter landing fee on oil and gas operators for two months after industry stakeholders raised disruption concerns.
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Court Adjourns Trial of Former AGF Abubakar Malami to April 15

KEY POINTS A Federal High Court in Abuja adjourned the trial of former AGF...
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Rivers Senator Ipalibo Banigo Defects to APC, Blames PDP’s Internal Crisis

KEY POINTS Rivers West Senator Ipalibo Banigo has defected from the PDP to the...
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Controversy as Senator Natasha Akpoti-Uduaghan is Omitted from Nigeria’s Delegation to UN Women Conference

KEY POINTS Senator Natasha Akpoti-Uduaghan was omitted from Nigeria’s Senate delegation to the 2026...
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NSDC, BOI Launch N10bn Nigeria Sugar Fund

NSDC and Bank of Industry launched a N10 billion Sugar Project Acceleration Fund to back viable greenfield sugar projects nationwide.
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Tinubu Orders 100,000 CNG Kits to Fight Fuel Crisis

President Tinubu ordered 100,000 CNG conversion kits deployed nationwide as the Middle East war pushes petrol prices higher across Nigeria.
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Ghana Arrests 93 Nigerians in Cybercrime, Human Trafficking Crackdown, Rescues 73 Victims

Ghana arrests 93 Nigerians in Accra cybercrime crackdown, rescues 73 trafficking victims and seizes laptops, phones, fake dollars.
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Drug-Influenced Driving Fuels Rise in Lagos Road Crashes, Authorities Launch Safety Measures

Substance abuse among commercial drivers fuels rising road crashes in Lagos, prompting safety interventions and renewed enforcement by authorities.
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Money and Political Might Will Decide 2027 Presidential Election, Afenifere Research Director Says

Afenifere research director says money and political power may determine the outcome of Nigeria’s 2027 presidential election.
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Protests Erupt in Ondo, Oyo as Youths Block Highways Over Killings, Kidnappings

Residents in Ondo and Oyo block highways in protest after killings and kidnappings, demanding urgent government action to restore security.
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Lagos Govt Probes Collapse of School Building in Ogba as Injured Students Receive Treatment

KEY POINTS No deaths recorded after a four-storey building housing a private school collapsed...
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Business

Nigerian brewers post 117 percent profit jump in 2025

Nigeria's top four brewers grew combined profit 117 percent to N317.2 billion in 2025 on N2.8 trillion in revenue, driven by aggressive product re-pricing.
News

NECA queries NNPC-China refinery deal, cites $25bn spend

NECA Director-General Adewale-Smatt Oyerinde questioned NNPC's new MOU with Chinese firms, demanding accountability for the $25 billion already spent on failed refinery rehabilitations.
News

Nigeria FMCG firms carry N1.96trn debt, Dangote Sugar leads

Nigeria's top 10 FMCG companies carried a combined N1.96 trillion in debt in 2025, with Dangote Sugar leading the pile at N725.31 billion.
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Audu orders 2-day clean-up of Lagos port corridors

PEBEC will launch a two-day clean-up of the Apapa and Tin Can port corridors on May 14 and 15 to ease cargo flow.