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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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Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...
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Kano Set to Swear In New Deputy Governor Garo

KEY POINTS Murtala Sule Garo has been confirmed and is set to be sworn...
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Ogun Pilgrims Arrive Saudi Arabia as Gateway Airport Records First International Flight

KEY POINTS Gateway International Airport recorded its first international flight, transporting Ogun pilgrims for...
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Lagos Seals Malls, Hotels Over Unsafe Elevators

KEY POINTS Lagos authorities shut down multiple buildings for failing to meet elevator safety...
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Nurses Raise Alarm Over Alleged Intimidation at FMC Abeokuta

KEY POINTS Nurses’ group accuses FMC Abeokuta management of intimidation and rights suppression. Assault...
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Rights Group Raises Alarm Over Detention of Nigerians in Uganda

KEY PONTS Rights group condemns alleged unlawful detention of 62 Nigerians in Uganda. Calls...
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Calabar Boils as Students Protest Death of Colleagues

KEY PONTS Three students and a driver died after an accident, with colleagues blaming...
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Coup plotters admit planning to overthrow Tinubu in court

Two of the defendants in the alleged plot to overthrow President Tinubu admitted to knowing about the coup in video evidence played in court.
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Navy seizes militant boats, engines in Cross River Sweep

Nigerian Navy troops have seized 10 outboard engines, two fibre boats and a 200-horsepower engine during a sustained crackdown on militants in the Calabar waterways.
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FG disburses N11.8bn loans to 6,842 tertiary staff

The Federal Government has handed out 11.8 billion naira in zero-interest loans to 6,842 academic and non-academic workers across 141 tertiary institutions nationwide.
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SSANU, NASU strike paralyzes universities as talks deadlock

SSANU and NASU's nationwide strike has shut down Nigerian public universities as talks between the Federal Government and the unions deadlocked Monday.
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Dangote dismisses ‘false’ Elumelu rift claims and refinery financing rumors

Aliko Dangote's group has dismissed as false claims of a rift between him and Tony Elumelu, plus reports that personal borrowing financed the refinery.
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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.