As BUA Foods posts N518.4 PAT By Emma Ujah, Abuja Bureau Chief The Chairman of BUA Foods Plc, Alh. Abdul Samad Rabiu, has identified heavy investments in agriculture by both the government and private sector operators as a key factor necessary to tackle hunger in the country. He spoke at the 5th Annual General Meeting of […]

By Gabriel Ewepu ABUJA — As flooding continues to affect parts of the country, the Nigeria Hydrological Services Agency (NiHSA) on Wednesday warned that 14 states face a medium flood risk between July 14 and 20, 2026. The warning was contained in a flood advisory issued by the Director-General of NiHSA, Arc. Umar Mohammed, who […]

By Obas Esiedesa, Abuja Global oil prices eased by 0.82 per cent to $84.24 per barrel on Wednesday as investors took profits after the previous day’s sharp rally, although renewed military confrontation and escalating rhetoric between the United States and Iran continued to underpin fears of disruptions to global crude supplies. Brent crude, the international benchmark, […]

The 25 percent tariff is set to take effect on July 22, as the Trump administration seeks to rebuild its tariff agenda following legal setbacks.

By Elizabeth Adegbesan The National Bureau of Statistics, NBS, yesterday said headline inflation rate slowed Month-on-Month (MoM) by 0.02 percentage point to 15.91 percent in June 2026 from 15.93 percent in May. The decline is coming after a three consecutive months rise in headline inflation rate since March 2026. However, despite the moderation in inflation rate, […]

By Yinka Kolawole Nigeria entered the second half of 2026 with its strongest macroeconomic fundamentals in several years, but the gains have yet to translate into broad-based improvements in the real economy, according to the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf. Reviewing economic performance in the […]

According to the organisers, recipients over the years have included governors, ministers, lawmakers, diplomats, traditional rulers, corporate executives, entrepreneurs, professionals and humanitarian figures.

The state chairmen of Accord Party in Nigeria have adjourned their National Executive Committee meeting indefinitely. At a meeting on Thursday in Abuja, the chairmen of Accord Party in 27 states of the federation said the NEC meeting, which was supposed to hold today, would now be held at a later date. In a communique […]

By Yinka Kolawole The Federal Government has positioned Micro, Small and Medium Enterprises (MSMEs) as the biggest beneficiaries of the Nigeria Industrial Policy (NIP) 2025, with a package of low-cost financing, preferential government procurement, industrial clusters and digital transformation initiatives aimed at accelerating industrial growth and reducing the country’s dependence on imports. The policy, unveiled […]

By Yinka Kolawole Manufacturers in Nigeria are increasingly selling products below production cost in a desperate bid to clear nearly N2 trillion worth of unsold inventory, underscoring the severe cost pressures and weak consumer demand confronting the country’s industrial sector. Findings by the Manufacturers Association of Nigeria (MAN) show that while manufacturers have recorded modest improvements […]