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Nestlé Boosts Supply Chain with AEO Certification

06.02.2026
Nestlé Nigeria Plc has been awarded the highest level of Authorised Economic Operator certification by the Nigeria Customs Service. The company received security and safety status under the programme, which is valid for five years and recognises compliance with trade regulations and supply chain security standards. The certification followed an evaluation process that included customs...
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Coronation Asset Management Upgraded to ‘A’ by Agusto & Co.

06.02.2026
Credit rating agency Agusto & Co. has upgraded Coronation Asset Management Limited’s rating to A from A-, citing significant improvements in risk management practices. According to the firm, the rating, which expires on 31 December 2026, reflects the firm’s enhanced operational infrastructure and strategic positioning as a top-tier institutional-grade asset manager. The upgrade follows a...
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Neimeth Posts N982m Profit, Reversing 2024 Loss

06.02.2026
Neimeth International Pharmaceuticals Plc has returned to profitability, posting a profit after tax of N982 m for the year ended 31 December 2025, reversing a loss of N885.33 m in 2024. Revenue rose to N7.37bn, up 64 per cent from N4.49bn in the previous year. Cost of sales increased to N4.02bn, resulting in a gross...
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GuarantCo supports $75m debt for new Ogun cashew plant

06.02.2026
GuarantCo, part of the Private Infrastructure Development Group, has provided a 100 per cent guarantee to support a $75m debt facility for Robust International Pte Ltd to construct a new cashew nut processing plant in Ogun State, Nigeria. This was disclosed in a statement from the British High Commission Communications Office on Thursday. Nigeria is...
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Naira Slides to ₦1,366/$ at Official FX Window

06.02.2026
The naira experienced a slight depreciation against the US dollar at the official Nigerian foreign exchange market on Thursday, domiciled on the website of the Central Bank of Nigeria, ending a brief period of consecutive daily gains. According to daily market data for February 2026, the NFEM rate depreciated from 1,358.28 naira per dollar on...
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Reps probe NBET over N4.10bn regulatory income

06.02.2026
The House of Representatives Committee on Finance, on Thursday, queried the Acting Managing Director of Nigerian Bulk Electricity Trading Plc, Mr Johnson Akinowo, over the utilisation of N4.10bn accrued from regulatory income in the 2025 fiscal year. The committee also suspended consideration of the agency’s 2026 budget proposal. The Chairman of the House Committee on...
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Why NNPC Stopped Refinery Operations: Ojulari Explains

06.02.2026
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited in April 2025, Bayo Ojulari, during a fireside chat with Arise News anchor Vimbai Mutinhiri-Ekpenyong, delves into NNPC Limited’s shifting strategy in the face of global energy transition dynamics, domestic supply constraints and reform-driven expectations. DAMILOLA AINA, who monitored the discussion, presents excerpts How...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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