Unilever Nigeria’s 2025 profit after tax hit N30.7bn
Unilever Nigeria Plc has reported a 99 per cent increase in profit after tax to N30.7 billion for the financial year ended…
Business
Nigeria eyes Africa’s second-largest cloves production with 74,000 farmers
Nigeria is poised to become Africa’s second-largest commercial producer of cloves, with 74,000 farmers gearing up to participate in the country’s first-ever…
LIRS begins enforcement of substitution powers for tax recovery
The Lagos State Internal Revenue Service has announced plans to enforce its statutory power of substitution under the Nigeria Tax Administration Act…
External reserves hits $46bn, highest in nearly eght years
Nigeria’s external reserves have surpassed the $46 billion milestone for the first time in nearly eight years, reflecting consistent growth in reserve…
UK sets £40bn target for education exports by 2030
The United Kingdom government aims to boost British education abroad, setting a new target of £40 billion in annual education exports by…
Cashew industry generates over $400m from export – FACAN
Nigeria’s cashew industry has generated more than $400 million in export earnings, bolstering the country’s non-oil revenue. However, industry leaders believe the…
Tinubu approves incentives to fast-track Shell’s $5bn Bonga S’west project
President Bola Tinubu has approved targeted incentives to accelerate Shell’s long-delayed $5 billion Bonga South-West deepwater oil project. He also instructed his…
Nestlé ‘recovers all plastic’ placed on Nigerian market
Nestlé Nigeria says it has reached 100 per cent plastic neutrality, recovering every tonne of plastic it placed on the market. The…
Tinubu approves commercial oil exploration at Tongeji Island, Ogun
President Bola Tinubu has given approval for the start of commercial oil exploration at Tongeji Island in Ipokia Local Government Area of…
Seplat Energy appoints Tony Elumelu as non-executive director
Seplat Energy Plc has named Mr. Tony O. Elumelu as a Non-Executive Director, following the resignation of Mr. Olivier Cleret De Langavant,…
Dangote, Indorama projects to position Nigeria as fertiliser export hub
The Nigerian Midstream and Downstream Petroleum Regulatory Authority says ongoing expansions at Indorama, Dangote Fertilizer and other plants are expected to position…
US ambassador Richard Mills exits Nigeria amid global envoy recall
Richard Mills has ended his tenure as United States ambassador to Nigeria following a recall of envoys from numerous US missions worldwide…