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The Centre for the Promotion of Private Enterprise (CPPE) has called for a major overhaul of Nigeria's development finance framework, warning that the country's manufacturing, agriculture, agribusiness, micro, small and medium-sized enterprises (MSMEs) and export-oriented businesses are facing a financing gap of more than ₦50 trillion. In a policy brief issued on Sunday, August 2, …

Muda Yusuf, CPPE chief executive officer

The Federal Government has officially unveiled Miss Nigeria, Tamunosoye Karibi-George, as Nigeria's representative to the 2026 Miss World Pageant scheduled to hold in Vietnam. Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, announced this during a press briefing in Abuja on Thursday, describing the pageant as a global platform for leadership, culture, social impact …

The Authority says System malfunction caused smoke scare at the facility on Sunday morning   The Federal Airports Authority of Nigeria (FAAN) has issued a clarification regarding the incident at Terminal 2 of the Murtala Muhammed International Airport, Lagos, stating that contrary to earlier reports, there was no fire at the facility. In a press statement released …

FAAN Backtracks, says no Fire Incident at Lagos Airport

The Independent National Electoral Commission (INEC) has commenced the public display of the personal particulars and academic credentials submitted by presidential candidates for the 2027 general elections, in line with the provisions of the Electoral Act, 2026. The exercise, which began on Saturday, features documents submitted by President Bola Tinubu of the All Progressives Congress …

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the West Africa Regulators Forum (WARF) have intensified calls for the establishment of an African regional fuel pricing benchmark, arguing that the continent must end its over-reliance on foreign pricing indices that do not reflect local market realities. The call was made during a press …

NMDPRA, WARF Push for African Fuel Price Benchmark

Revenue rises by 12 per cent to N650.8 billion as the foods and beverage company sustains profitability for the seventh consecutive quarter   Nestlé Nigeria PLC has reported strong financial results for the first half of 2026 (H1 2026), characterized by double-digit top-line revenue expansion, improved profitability, and a strengthened equity base. According to the …

Nestle Nigeria Records 33% Revenue Growth in Nine Months

Former President Olusegun Obasanjo has described his decision to choose former Vice President Atiku Abubakar as his running mate in the 1999 presidential election as the biggest mistake he made while serving in office. Obasanjo made the remark on Friday during a fireside chat with veteran entertainer and activist Charles Oputa, popularly known as Charly …

The Nigerian National Petroleum Company Limited (NNPC) reported a profit after tax of ₦535 billion for June 2026, a 15.8% increase from May's ₦462 billion. This figure is contained in the NNPC monthly financial and operations report for the month of June 2026. The figure marks the company's highest monthly profit in 10 months, driven …

NNPC Profit Rises 102.94% to ₦276bn as Oil, Gas output Increase in March

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