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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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Plateau launches roadmap to end farmer-herder conflict as fresh attack kills two in Riyom

Plateau launches conflict resolution roadmap as gunmen kill two in Riyom, underscoring persistent farmer-herder violence and insecurity challenges
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Niger Delta chamber targets $5bn investment drive, 500,000 jobs ahead of Port Harcourt summit

Niger Delta chamber targets $5bn investments and 500,000 jobs as region prepares for major economic summit in Port Harcourt
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Nigeria’s Top Manufacturing Body Pushes Africa to Add Value to Raw Materials, Not Just Export Them

Nigeria's Manufacturers Association calls on Africa to build industrial capacity through value addition rather than exporting unprocessed raw materials.
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Eight Feared Dead After Terrorists Bomb Bridge in Niger State

KEY POINTS Eight people feared dead after a vehicle hit an IED planted by...
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Ganduje’s Ex-aide Salihu Yakasai Defects from APC to ADC

KEY POINTS Salihu Yakasai, former aide to Abdullahi Ganduje, has defected from APC to...
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IED Explosion Kills Several Passengers Near Woro Community in Kwara

KEY POINTS Several people were killed after a vehicle drove over an IED in...
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Dangote warns Middle East war could push Africa into work-from-home crisis

Aliko Dangote says an unresolved Middle East crisis could force African countries back into COVID-era work-from-home arrangements.
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Court Sentences ex-Acting AGF Nwabuoku to 72 Years in Jail Over N868m Fraud

KEY POINTS Federal High Court in Abuja sentenced former Acting AGF Nwabuoku to 72...
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Bandits storm Kwara church, abduct worshippers during Sunday service

Armed bandits raided a church in Omugo, Kwara State, abducting worshippers and leaving the rural community paralyzed by fear.
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Security Group Warns of Planned Terrorist Attacks in Three Kwara LGAs

KEY POINTS A security group warned of suspected coordinated terrorist attacks targeting Ifelodun, Irepodun...
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African Democratic Congress Kicks Off Sale of Nomination Forms Ahead of National Convention

KEY POINTS The African Democratic Congress has begun selling nomination and expression of interest...
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Veteran Actor Abiodun Ayoyinka Rebrands as Bondu Alaska

KEY POINTS Abiodun Ayoyinka has rebranded from “Papa Ajasco” to “Bondu Alaska” due to...
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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.
News

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.