Champion Breweries profit jumps 119% to ₦1.79bn
Champion Breweries Plc has reported a strong financial performance for 2025, posting a 119 per cent rise in profit after tax to ₦1.79 billion. Chairman of the company, Imo-Abasi Jacob, disclosed the results at the firm’s 50th Annual General Meeting in Lagos, describing the year as a turning point from recovery to sustained growth. Revenue climbed by 43 per cent to...
Stock market slides ahead of Eid, investors lose ₦888bn
Nigeria’s equities market reversed its recent gains on Tuesday, shedding about ₦888 billion in market value as investors took profits ahead of the Eid-el-Kabir holiday. Market capitalisation declined by 0.55 per cent to close at ₦160.094 trillion, down from ₦160.982 trillion recorded in the previous session. The Nigerian Exchange All-Share Index also dropped by 1,386.18 points to settle at 249,738.84. The...
Navy supports orphans in Makurdi with bursaries, relief items
The Nigerian Navy has distributed bursary awards, food items, books, and sanitary materials to children at Tivid Orphanage and School in Makurdi, Benue State, as part of activities marking its 70th anniversary. The Flag Officer Commanding, Special Operations Command, Makurdi, Olusegun Soyemi, said the outreach was directed by the Chief of Naval Staff and aligned with the Navy’s commitment to...
Okomu Oil records N172.6bn revenue from palm products as profit hits N123.3bn
Okomu Oil Palm Company Plc says its total revenue from palm products rose to N172.6 billion in 2025, representing a 60.5 per cent increase compared to 2024. The company also disclosed that cost of sales for the year under review stood at N112.339 billion, representing a 175.3 per cent increase over the previous year. The Chairman of Okomu Oil Palm Company,...
Nigeria on high alert as Ebola spreads in East, Central Africa
As fresh Ebola outbreaks spread across parts of Central and East Africa, Nigerian health authorities are intensifying surveillance and emergency preparedness measures to prevent the deadly virus from entering the country. Although no confirmed case has been recorded in Nigeria, the Nigeria Centre for Disease Control and Prevention (NCDC) said the country is on high alert. It added that vigilance, early...
Court orders transfer of ex-power minister Saleh Mamman to Kuje prison
Justice James Omotosho of the Federal High Court, Abuja, has ordered the transfer of former Minister of Power, Saleh Mamman, to the Kuje Correctional Centre to begin serving his 75-year prison sentence for corruption. The directive followed his presentation in court on Tuesday by the Economic and Financial Crimes Commission (EFCC), which also filed an application seeking the forfeiture of...
EFCC arraigns fake presidential adviser over ₦25m fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned Igoin Tokoni Peter before the Federal High Court in Abuja for allegedly impersonating a presidential aide and defrauding victims of about ₦25 million. Peter was brought before Justice Obiora Egwuatu on a four-count charge bordering on impersonation and obtaining money under false pretence. According to the prosecution, the defendant falsely presented himself...
Tinubu urges unity, sacrifice in Eid-el-Kabir message
President Bola Ahmed Tinubu has called on Nigerians to embrace unity, sacrifice, and compassion as Muslims across the country celebrate Eid al-Adha. In his 2026 Eid-el-Kabir message, the President congratulated Muslim faithful in Nigeria and around the world, urging them to reflect on the values of faith, obedience, and selflessness exemplified by Prophet Ibrahim. Tinubu said the festival serves as a...
Police confirm thug attack at PDP event in Bauchi
The Bauchi State Police Command has confirmed that suspected political thugs attacked vehicles during a governorship candidate affirmation event of the Peoples Democratic Party (PDP) in the state. Police spokesperson Nafiu Habib said the incident occurred as officers were managing crowd control at the venue. According to him, the attackers arrived on motorcycles, vandalised several vehicles parked outside, and fled...
Wike to commission 20 projects for Tinubu’s third anniversary in Abuja
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has disclosed that not fewer than 20 projects would be ready for inauguration ahead of President Bola Tinubu’s third year anniversary celebration in Abuja. Wike added that the figure could rise as some projects were still being finalised. The minister made this known after inspecting six out of the projects in...
