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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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APC Aspirant Ajose Accuses Hamzat of Avoiding Primaries, Rejects Consensus Push

KEY POINTS Ajose rejects the APC’s consensus plan, insisting all aspirants must agree before...
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ISWAP Claims Deadly Attack on Adamawa Community That Killed Dozens

KEY POINTS ISWAP claimed responsibility for an attack in Adamawa that killed at least...
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Nigerian Tech Firm Launches Drones to Boost Fight Against Insurgency

KEY POINTS Terra Industries unveiled drones, mine-clearing vehicles, and intelligence software to support Nigeria’s...
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Court Stops MTN and Airtel from Blocking Airtime Loan Services

KEY POINTS MTN and Airtel have been restrained from suspending airtime lending services pending...
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“6 in 10 Nigerian University Students Linked to Cybercrime — EFCC Raises Alarm

KEY POINTS EFCC reports that 60% of Nigerian university students may be involved in...
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Sanwo-Olu Backs Deputy Hamzat for Lagos Governor in 2027

KEY POINTS Governor Sanwo-Olu has endorsed his deputy, Obafemi Hamzat, for the 2027 Lagos...
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Anthony Joshua Targets Comeback Fight After Tragic Accident

KEY POINTS Anthony Joshua will return to boxing on July 25 against Kristian Prenga...
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Malami Challenges EFCC in Court, Insists Seized Assets Are Legitimate

KEY POINTS Abubakar Malami is challenging the EFCC’s seizure of his assets, insisting they...
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“They Said It Was a Mistake” — Father of Slain NYSC Member Speaks After Soldier Shooting

KEY POINTS A serving NYSC member was shot dead by soldiers in Abuja. The...
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Gunmen Attack Adamawa Community, Kill 29 Residents

KEY POINTS Suspected terrorists attacked Guyaku community in Adamawa, killing at least 29 people. ...
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Two Nigerians Killed in South Africa as Xenophobic Violence Escalates

KEY POINTS Two Nigerians were killed amid rising xenophobic attacks in South Africa. The...
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Gunmen Kidnap 23 Pupils in Kogi Orphanage Facility

KEY POINTS Gunmen abducted 23 pupils and a proprietor’s wife from an unregistered school...
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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.