Guala Closures, a top international company known for making bottle closures for drinks and edible oil, has opened a new factory in Nigeria. The new manufacturing plant is located in …
BusinessEconomyINVESTMENTManufacturing
- CrimeEconomyGOVERNMENTSecurityTrade and Commerce
Customs Intercepts N1bn Worth of Contraband in South-East
The Nigeria Customs Service, Federal Operations Unit, Zone C, Owerri, says it has seized smuggled goods worth over N1 billion in duty-paid value between March 20, 2025, and now. The …
- BusinessEconomyFinance & ServicesMarkets
Nigerian Breweries Bounces Back, Records N44.6bn Profit in Q1 2025
Nigerian Breweries Plc has recorded a major turnaround in its business, posting a net profit of N44.6 billion in the first quarter of 2025. This marks a big comeback for …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsTechnology
Experts Applaud Nigeria’s New Investment and Securities Act as a Game-Changer for Digital Economy
Experts, investors, and government officials have thrown their weight behind the newly signed Investment and Securities Act 2025, calling it a major breakthrough for Nigeria’s digital economy. The new law, …
- BusinessDevelopmentEconomyGOVERNMENTPolicies
Nigerian Business and Government Leaders Push for Urgent Action on SDGs
Top leaders from Nigeria’s private sector, development partners, and government have come together to push for faster action to meet the Sustainable Development Goals (SDGs) before the 2030 deadline. The …
- Banking, Finance & InvestmentGOVERNMENTOil & GasPolicies
Fitch: Banks Can Withstand Windfall Tax, Despite Rising Economic Pressures
Global credit rating agency, Fitch Ratings, has expressed confidence in the resilience of Nigerian banks, stating that their strong profitability will cushion the impact of the recently imposed windfall tax …
- DevelopmentGOVERNMENTInfrastructureReal EstateTechnology
Experts Urge Lagos, Ogun Governments to Enforce Building Laws, Curb Growing Slums
Urban planning experts and real estate developers have raised serious concerns about the rapid rise of slums and the disorganised nature of urban development in Lagos and Ogun states. They …
- EconomyELECTRICITYEnergyGOVERNMENTNigeriaPolicies
Power Minister Says FG Will Pay N2tn Out of N4tn Debt to Gencos Before 2025 Ends
The Minister of Power, Adebayo Adelabu, has said the Federal Government plans to pay N2 trillion out of the N4 trillion it is owing to electricity generation companies (Gencos) before …
- BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaWestern Africa
CBN Says Strong Banks Are Key to Nigeria’s $1 Trillion Economy Target
The Central Bank of Nigeria (CBN) has said that Nigeria needs strong, stable, and resilient banks if the country wants to achieve the $1 trillion economy target by the year …
- AfricaAFRICA NEWSBusinessEnergyINVESTMENTNigeriaWestern Africa
Over $5bn Invested in Gas Sector Within One Year – NGA President
The President of the Nigerian Gas Association (NGA), Mr. Akachukwu Nwokedi, has revealed that more than $5 billion has been pumped into Nigeria’s gas sector in the last one year. …