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 …
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 …
The Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has directed lawyers and court officials to stop using the title "Barrister" before their names in all official engagements with the Supreme Court. The directive, which takes immediate effect, was conveyed in a memorandum dated July 13, 2026, and signed by the Chief Registrar of the …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a Gas Swap Framework in a bid to close Nigeria’s domestic gas supply gap. This comes as Nigeria's average Domestic Gas Delivery Obligation (DGDO) performance has risen to 2.05 billion cubic feet (Bcf) daily, year-to-date ending June 2026. The Commission Chief Executive of the Nigerian Upstream Petroleum …
The energy company plans to use proceeds for debt settlement and to pay shareholder dividends Seplat Energy has agreed to sell a 10% working interest in its joint venture assets with the Nigeria National Petroleum Company (NNPC) Limited for approximately $281.6 million. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd …
The faction of the Peoples Democratic Party (PDP) led by Kabiru Turaki says it has submitted the name of former President Goodluck Jonathan to the Independent National Electoral Commission (INEC) as its presidential candidate for the 2027 general election. The group's spokesperson, Ini Ememobong, disclosed this in Abuja on Thursday, saying the submission was made …
The South African Government says about 80 suspected members of vigilante groups linked to xenophobic attacks and other crimes against migrants have been arrested across several provinces. South Africa's Consul-General to Nigeria, Prof. Bobby Moroe, disclosed this on Wednesday at the Nigeria-South Africa Chamber of Commerce Breakfast Forum in Lagos, where participants discussed the future …
President Bola Tinubu has approved the immediate dissolution of the Presidential Implementation Committee (PIC) on the Alienation of Federal Government Properties. The decision was announced in a statement signed by the President's Special Adviser on Information and Strategy, Bayo Onanuga. AGF Takes Over Committee's Responsibilities According to the statement, all matters relating to the activities …
The African Democratic Congress (ADC) has accused the Federal Government of allowing key institutions, including the Independent National Electoral Commission (INEC) and the Nigeria Police Force, to become entangled in partisan politics ahead of the 2027 general elections. The party raised the concerns in a statement issued on Thursday by its National Publicity Secretary, Bolaji …
