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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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Tinubu Hosts Governors, Pledges Intensified Action Against Insecurity

KEY POINTS President Tinubu pledged intensified efforts against insecurity, engaging international partners for equipment...
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Why Nigerians abroad now order clothes, shoes and food directly from Nigeria

Soaring costs of living abroad are driving Nigerians in the diaspora to order clothing, food and accessories directly from home.
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Terrorists abduct nine worshippers at Kwara church, security forces rescue three

Suspected terrorists stormed an ECWA church in Kwara State on Sunday morning, abducting nine worshippers during an ongoing service.
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Peter Obi calls El-Rufai’s detention political persecution, demands rule of law

Peter Obi has condemned the continued detention of ex-Kaduna governor Nasir El-Rufai, calling it politically motivated persecution.
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Nigeria’s power DisCos lost N2.35trn in two years as blackouts deepen across the country

Nigeria's electricity distributors have recorded N2.35 trillion in combined losses over two years, worsening a deepening national power crisis.
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Benue IDPs to federal government: ‘If you can’t take us home, say it’

Hundreds of thousands of displaced Nigerians in Benue are rejecting aid packages and demanding the right to return home safely.
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Bello Turji orders Bargaja residents to flee as army steps in to halt mass displacement

Terrorist leader Bello Turji ordered Bargaja residents to flee or face death, triggering mass panic before the army intervened.
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Ozoro Community Denies Rape Allegations, Blames Youth Misconduct for Festival Harassment

KEY POINTS Ozoro community leaders denied rape allegations at the Alue-Do festival, saying only...
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Tinubu Signals Economic Recovery, Secures £746m Lagos Port Deal to Boost Trade and Investor Confidence

KEY POINTS President Tinubu says Nigeria has moved past economic uncertainty and is on...
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Netanyahu claims Iran can no longer enrich uranium or build missiles as US-Israel strikes enter day 20

Israeli Prime Minister Benjamin Netanyahu declared Iran incapable of enriching uranium or producing ballistic missiles after 20 days of strikes.
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Nigeria’s data regulator threatens to sanction TikTok, X and Meta over street content privacy breaches

Nigeria's data protection agency ordered social media platforms to curb unauthorized filming of unsuspecting citizens or face significant regulatory sanctions.
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Borno governor warns of two more suicide bomb attacks expected during Sallah period

Borno Governor Babagana Zulum warned that two suicide bombers remain at large in Maiduguri ahead of the Sallah celebration.
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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.