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MAN lauds media collaboration on manufacturing advocacy

…As 2025 Media Personality winners emerge The President of the Manufacturers Association of Nigeria (MAN), Chief Francis Meshioye, has expressed appreciation for the constant support of the media in its advocacy for the manufacturing sector in the country. Meshioye gave the commendation last week in Lagos at the 10th edition of the MAN Media Personality of […]

FG set to sanitise cosmetics industry

The federal government has reaffirmed its commitment to protecting public health by eliminating substandard cosmetics and ensuring that products used in Nigeria meet approved safety standards. Permanent Secretary, Federal Ministry of Health and Social Welfare, Daju Kachollom, stated this at the inauguration of the National Policy on Cosmetics Safety and Health in Abuja. She said the […]

Coca Cola to invest additional $1bn in Nigeria

The Coca-Cola Company is set to invest an additional $1 billion in its Nigerian operations, further deepening its footprint in the country and reinforcing long-standing US–Nigeria trade relations. The United States Embassy in Nigeria disclosed this in a social media post highlighting the role of American companies in driving bilateral trade and economic growth between both […]

NEF ignorance and gold refinery

By Dele Sobowale The Northern Elders Forum, NEF, has embarked on the wrong battle based on absolute ignorance. For weeks, since it was announced that a gold refinery will soon start operating in Lagos State, while a lithium processing plant would be established in Nasarawa State, the NEF has been at war with the Federal Government, […]

NECA berates NAFDAC for defying FG’s directive on sachet alcohol ban

The Nigeria Employers’ Consultative Association, NECA, has raised alarm over the renewed enforcement by the National Agency for Food and Drug Administration and Control, NAFDAC, of a ban on the production and sale of alcoholic beverages in sachets and small PET bottles, describing the move as a serious regulatory misstep with far-reaching economic and governance consequences. […]

Dangote, NNPC seal strategic gas agreements

By Udeme Akpan Towards meeting the energy demands of their ongoing expansion projects, three subsidiaries of Dangote Industries Limited, Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc have scaled up their Gas Sales and Purchase Agreements (GSPA) with subsidiaries of the Nigerian National Petroleum Company Limited (NNPC Ltd): Nigerian Gas Marketing Limited and NNPC […]

Businesses buckle under debt as defaults push bad loans to N21.2trn

High interest rates, FX shocks, end of COVID forbearance trigger spike in corporate loan failures By Babajide Komolafe, Economy Editor At the backdrop of economic pressures on households and businesses, banks are now struggling with a rising loan defaults by businesses,  leading to a significant increase in bad loans portfolio of banks to N21.2 trillion. Financial Vanguard’s […]

Stock market gains N6.7trn in January amid oil price surge 

By Peter Egwuatu  The Nigerian stock market, last weekend, closed the first month of the year, 2026, with over N6.7 trillion capital gains, just as oil prices witnessed a surge last week to about  $71.01 per barrel. Analysts noted that the surge in crude price last week, if sustained, would be favourable to Nigeria, adding that […]

On Nigeria’s plan to supply electricity to more neighbouring countries

Following a recent proposal by the Federal  to expand the exportation of electricity to neighbouring countries, a familiar national debate may be in the offing. Should Nigeria sell power to neighbouring countries when millions of its citizens live in darkness?  While the policy may appear like an economic opportunity and regional leadership benefit, underneath lies […]

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