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International Breweries posts first profit in 7-yrs on booming sales
International Breweries Plc has reported its first profit in seven years in 2025, helped by a sharp rise in sales and a largely stable naira, according to the company’s audited financial results filed with the Nigerian Exchange on Friday. The AB InBev-controlled company reported a net profit of N5...
NIS suspends border commanders over alleged extortion on Lagos–Seme corridor
Kemi Nandap, Comptroller General of the Service, ordered the immediate suspension of comptrollers in charge of the affected commands. The action, according to the agency, is aimed at ensuring a transparent and unhindered probe into the allegations. The directive was disclosed in a statement issu...
Rosenior stands firm on Enzo Fernández omission for Man City clash
Chelsea manager Liam Rosenior has confirmed that Enzo Fernandez will remain sidelined for Sunday’s Premier League clash against Manchester City, despite the midfielder issuing an apology over recent comments about his future. The Argentina international, who has been linked with a move to Real Mad...
Abu Dhabi to host World Bank-IMF 2029 Annual Meetings
The 2029 Annual Meetings of the World Bank Group and International Monetary Fund will take place in Abu Dhabi, United Arab Emirates, in October 2029, as decided in a vote by the Boards of Governors of the two institutions. The last time the Annual Meetings were held in the UAE was in 2003, when they...
Int’l students in Canada no longer need separate study, work permit
International students in Canada no longer need a separate study and work permit, as the country is making it easier for international students to study and gain work experience at the same time. The change, which took effect on April 1, 2026, forms part of a broader package of reforms announced by ...
Blackout persists as Adelabu’s 6,000MW target misses three deadlines
When Adebayo Adelabu took office as Nigeria’s Minister of Power in August 2023, he promised that the country would reach 6,000 megawatts of electricity generation by the end of that year. He stated that the lights would come on. Nigerians, used to broken promises from a sector that has disappo...
Poultry farmers ditch pricey feeds for homemade blends
Nigerian poultry are increasingly opting to ditch commercial feed suppliers and switch to homemade blends, thereby cutting costs and boosting margins in a sector that has been battered by high input prices. Despite a 62.5 percent plunge in maize and soybean costs – key inputs in poultry feed formu...
Criminal cartels plunder telco towers across 14 states
Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batte...
Terrorists kill Army general, 24 others in renewed attacks on Kebbi, Borno
A wave of coordinated violence has once again swept across Nigeria’s northern landscape, claiming the life of a high-ranking military officer in Borno State and leaving a trail of carnage in a rural Kebbi community. The dual-theatre offensive underscores the persistent volatility of the security s...
US raises alarm on Nigeria, flags 23 states high risk
The security climate in Nigeria has taken a troubling turn as the United States Department of State authorised the departure of non-emergency government employees and their families from Abuja, citing an imminent and heightened risk of terrorist attacks. This move, which transitions the embassy’s ...
Nigeria’s tax overhaul tightens profit rules for insurers
Nigeria’s new tax rules are changing how insurance companies calculate their profits, closing gaps that previously reduced tax payments and raising fresh concerns about pricing, competition, and growth in an industry worth over N1.5 trillion in gross premiums. The changes, introduced under the Nig...
West Africa’s healthcare investment momentum builds as World Health Expo returns to Nigeria
Nigeria’s healthcare sector is undergoing rapid transformation, with forecasts predicting a 7.1 percent expansion and an anticipated market value of US$161.7 million by 2027. This growth is fuelled by a US$1.2 billion Federal Ministry investment in infrastructure and workforce, major oncology and ...
PowerLabs raises pre-seed funding to deploy AI energy platform across Nigeria
PowerLabs, a Nigerian energy and climate-tech startup, has raised a pre-seed round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures, to scale its AI-enabled energy orchestration platform, Pai Enterprise. The company said the funding will accelerate deplo...
Lagos drags tax defaulters to court over N1.6bn ahead of filing deadline
As the deadline for filing annual tax returns approaches, the Lagos State Government has intensified enforcement, dragging dozens of individuals and companies before the state’s Revenue Court over unpaid tax liabilities exceeding N1.6 billion. The action comes following an earlier extension grante...
Chams declares N270m in final dividend payout to shareholders
Chams Holding Company Plc has declared N270 million in final dividend to shareholders for the fiscal year ended December 31, 2025. In a corporate announcement on Thursday, the Nigerian-based technology provider disclosed that a final dividend of N0.03 for every share of 50 kobo each, subject to appr...
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