Sugar tax’ll worsen manufacturers’ plight — CPPE

The Centre for the Promotion of Private Enterprise (CPPE) has warned that renewed calls for a sugar tax on non-alcoholic beverages could hurt Nigeria’s manufacturing sector, threaten jobs and slow the country’s fragile economic recovery. In a statement, CEO, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing […]
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13% Derivation: FG plots coordinates for new, disputed oil fields

By Obas Esiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (FMAFC) have begun plotting coordinates for disputed and newly drilled oil and gas fields located on the boundaries of oil producing states. The fields involve Edo and Delta states, Ondo and Delta, Anambra and Delta, Anambra and Imo, Rivers and Imo, Rivers and Bayelsa, Rivers […]

Unilever Nigeria delivers 44% revenue growth, doubles profit to N31bn

Unilever Nigeria Plc has released its interim unaudited financial results for the year ended December 31, 2025, reporting a turnover of N215 billion, representing a 44 per cent increase from the N150 billion recorded in the corresponding period of 2024. Gross profit rose by 32 per cent to N90 billion, while profit after tax doubled to […]

Nigeria records 14% rise in exports to Africa

…as fuel tops export list By Emma Ujah,  with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, […]

Nigeria’s PAPSS cross-border payments falls 53% to N5.6bn

By Babajide Komolafe Nigeria recorded N5.6 billion in cross-border transactions under the Pan-African Payment and Settlement System (PAPSS) in the first half of 2025, H1’25, a 53 percent drop from N11.97 billion recorded in the corresponding period of 2024, H1’24. The Central Bank of Nigeria, CBN, disclosed this in its Financial Stability Report, June 30th, 2025, which […]

Coup: 16 indicted officers to face court-martial — DHQ

‘’The findings have identified a number of officers with allegations of plotting to overthrow the government which is inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria”

CBN upgrades Opay, Moniepoint, Palmpay, others to national licenses

The Central Bank of Nigeria (CBN) has upgraded the licenses of major FinTech companies and Microfinance Banks, including Opay and Moniepoint, to national status, allowing them to operate across the country following compliance with regulatory requirements.

Inbound Tourism: Nigeria’s pathway to global visibility, national unity – Tourism Minister

By Josephine Agbonkhese The Honourable Minister of Art, Culture, Tourism and Creative Economy, Barr. Hannatu Musa Musawa, has reaffirmed Nigeria’s commitment to leveraging inbound tourism and international visibility as strategic tools for national unity, economic inclusion and global repositioning. The Minister made this known during a strategic meeting with the Director General of the Nigerian […]

Police arrest man that sent bomb threat messages to Lagos schools

By Efe Onodjae, Precious Enaike & Florencemary Nwabueze LAGOS—The Lagos State Police Command has arrested one Kosiso Chukwem-Nenyem, alleged to have sent bomb threat messages to two schools in the Ikeja Government Reserved Area (GRA), Lagos, last week. This came as the command said it dismantled a notorious “one-chance” syndicate operating across the state, arresting […]

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