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Brewery sector rebounds with N1.9tn revenue

20.05.2025
Nigeria’s brewery industry witnessed a turnaround in 2024, recording a 71.8 per cent year-on-year surge in revenue to N1.9tn, surpassing Afrinvest West Africa’s earlier growth projection of 39.2 per cent. This was revealed in Afrinvest’s latest sector update report titled “Brewing Back to Profitability”, released in May 2025. The report attributed the revenue performance to...
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FG completes governance framework for African Energy Bank

20.05.2025
The Federal Government has concluded key legal and governance frameworks required for the operational rollout of the African Energy Bank as preparations for its official launch enter the final phase. This was disclosed during a high-level review meeting held in Abuja and hosted by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, with...
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NNPCL officials visit Kaduna, Port Harcourt refineries

20.05.2025
The leadership of the Nigerian National Petroleum Company Limited embarked on an inspection visit to the Kaduna Refining and Petrochemical Company and the Port Harcourt Refining Company, as part of efforts to ascertain the level of work done and ensure operational effectiveness of its refineries. The NNPCL Executive Vice President, Downstream, Mr Mumuni Dagazau, and...
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Alternative Bank rewards customers

20.05.2025
The Alternative Bank says it is set to redefine the rewards space in Nigerian banking as it launched a new campaign that allows users to earn real gold simply by transacting through its innovative digital banking platform, Altbank. In a statement on Sunday, it was said that the campaign, tagged Altbank Gold Rewards, will run...
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May & Baker urges govt to pay drug manufacturers

20.05.2025
May & Baker Nigeria Plc has urged the Federal Government to demonstrate consistency in its pooled procurement initiative by promptly paying local drug manufacturers to avoid pharmaceutical company losses and business collapse. Managing Director and Chief Executive Officer Patrick Ajah appealed on Friday during the company’s 2025 Walk for Life in Lagos to mark World...
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FG’s electricity debt balloons by N800bn – Senate

20.05.2025
The Senate Committee on Power has raised concerns over the liquidity crisis bedeviling the power sector, lamenting that the tariff shortfalls in the industry have indicated that the government owes about N200bn to electricity generating companies every month. The committee disclosed that since this year, the government has not paid the power producers, and that...
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CBN slashes FG loans by over N4tn

20.05.2025
The Central Bank of Nigeria recorded a significant decline of N4.145tn in net loans and receivables in 2024, driven primarily by a reduction in its overdraft exposure to the Federal Government and changes across other loan categories. According to the apex bank’s audited financial statements, net loans and receivables at the bank level dropped from...
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Tantalizers acquires Grand Media entertainment firm

20.05.2025
Tantalizers Plc has announced its acquisition of Grand Media Projects Limited, a media and entertainment company co-founded by veteran filmmaker Tade Ogidan and actor Richard Mofe-Damijo, marking a shift by the food services firm into Nigeria’s entertainment and creative industry. The move was disclosed in a corporate notice filed with the Nigerian Exchange Limited and...
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Equity market gains N614bn in one week

20.05.2025
The Nigerian equities market recorded a positive performance last week as investors gained N614bn, with the Nigerian Exchange All-Share Index rising by 0.90 per cent to close at 109,710.37 basis points, while the market capitalisation settled at N68.953tn. This marks a rebound from the previous week’s negative sentiment, as improved investor confidence and renewed interest...
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NITP inaugurates committee to implement laws

19.05.2025
The National President of the Nigerian Institute of Town Planners, Dr Chime Ogbonna, has inaugurated a colloquium committee on the implementation of the 1992 URP Law (CAP 138, Laws of the FRN, 2004). In a statement, it was noted that the colloquium aims to bring together a gathering of stakeholders to talk about the Nigerian...
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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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