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Stakeholders in the Nigerian manufacturing sector have expressed concern about the move by the Senate Committee on Finance to amend the Customs and Excise Act to increase excise duty on non-alcoholic beverages. The Centre for the Promotion of Private Enterprise (CPPE) said the move is economically disruptive and inconsistent with Nigeria’s broader development and industrial policy …

CPPE

Abia State Governor Alex Otti says the controversy surrounding the conviction and push for the release of Indigenous People of Biafra (IPOB) leader, Mazi Nnamdi Kanu, will be settled through administrative processes. Otti gave the assurance after visiting Kanu at the Sokoto Correctional Centre over the weekend. The governor said engagements he initiated shortly after …

nnamdi kanu and Gov. alex otti

Former presidential aide Reno Omokri says President Bola Tinubu’s nomination of him as an ambassador-designate has deepened his appreciation of forgiveness and national service. In a statement issued on Sunday, Omokri thanked God, his family and President Tinubu, describing the nomination as an act that reflects the administration’s focus on national healing. Omokri said the …

The Nigerian National Petroleum Company (NNPC) Limited has reported a revenue of N5.078 trillion and a profit after tax of N447 billion in October 2025. This was revealed in NNPC Limited’s Monthly Report Summary for October 2025, released on Saturday. The total revenue for October reveals an 18.92 per cent increase from 4.27 trillion recorded …

NNPC, Dangote Sign two-year Crude Supply Deal

Nigeria’s daily petrol consumption rose to an average of 56.74 million litres in October 2025, according to a report released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This reflects a 19.4 per cent year-on-year increase compared with the average daily consumption of 47.5 million litres in October 2024. The NMDPRA Fact Sheet, …

Experts, Marketers Differ on 15% Fuel Import Duty Suspension

The Central Bank of Nigeria (CBN) has reported that seven subsectors recorded mild contractions in economic activities in November. It revealed this in its Purchasing Managers’ Index (PMI) report for November. It stated that the composite PMI expanded to 56.4 index points in November, compared to 55.4 index points in October. A reading of the …

Nigeria’s Reforms Yielding Results, Investor Confidence Returning – Cardoso

President Bola Tinubu has submitted the names of 32 ambassadorial nominees to the Senate for confirmation, following the submission of the first batch of three names. Among them are the former chairman of the Independent National Electoral Commission, Mahmud Yakubu, an aide to former President Goodluck Jonathan, Reno Omokri (Delta), and former Enugu State Governor, …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has identified 50 oil blocks that will be offered to interested investors during the 2025 petroleum licensing round. The Commission had earlier announced that the 2025 petroleum licensing round would take effect from December 1, 2025. It also clarified that the exercise, which is being conducted …

NUPRC Offers 50 Oil Blocks to Investors in December Licensing Round

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