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Month: January 2026

Unilever Nigeria delivers 44% revenue growth, doubles profit to N31bn

Unilever Nigeria Plc has released its interim unaudited financial results for the year ended December 31, 2025, reporting a turnover of N215 billion, representing a 44 per cent increase from the N150 billion recorded in the corresponding period of 2024. Gross profit rose by 32 per cent to N90 billion, while profit after tax doubled to…

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Nigeria records 14% rise in exports to Africa

…as fuel tops export list By Emma Ujah,  with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service,…

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Nigeria’s PAPSS cross-border payments falls 53% to N5.6bn

By Babajide Komolafe Nigeria recorded N5.6 billion in cross-border transactions under the Pan-African Payment and Settlement System (PAPSS) in the first half of 2025, H1’25, a 53 percent drop from N11.97 billion recorded in the corresponding period of 2024, H1’24. The Central Bank of Nigeria, CBN, disclosed this in its Financial Stability Report, June 30th, 2025, which…

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Dangote Refinery reaffirms market stability, assures nationwide PMS supply

By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals reaffirms its commitment to market stability and uninterrupted nationwide supply of Premium Motor Spirit (PMS). During the recent festive period, the Refinery implemented a deliberate, temporary price support intervention to cushion Nigerians amid heightened household spending. This marked the second consecutive festive season in which the Refinery…

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You didn’t register with us – ADC disputes Gada’s alleged party membership

The chairman of the African Democratic Congress (ADC), Sokoto state chapter, Alhaji Bello Isiyaku-Keegan, has denied Sen. Abubakar Gada’s membership, saying he was never their member. Isiyaku-Keegan stated this while addressing newsmen on Monday in Sokoto. He emphasised that membership of a political party was a formal  and verifiable process involving registration and documentation through…

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Six family members abducted in Adamawa

The Adamawa State Police Command confirmed on Monday night that suspected Boko Haram militants attacked Gare Village in Pallam District, Madagali Local Government Area, abducting six members of a family. The command indicated that the incident occurred in the early hours of the day. A press statement by the command’s Public Relations Officer, SP Suleiman…

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Tinubu arrives Türkiye for state visit

President Bola Tinubu has arrived in Ankara, the capital of the Republic of Turkiye, on a State visit. This was contained in a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, on Monday. Onanuga said the president’s plane touched down at precisely 9.03 pm local time. According to the statement, the president…

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Nigeria records 14% rise in exports to Africa

…As fuel tops export list By Emma Ujah, with agency reports Nigeria’s exports to Africa reached N4.82 trillion in the first half of 2025, up 14% year-on-year compared to N4.21 trillion in the first half of 2024. West Africa absorbed over 62% of Nigeria’s continental exports. Bashir Adewale Adeniyi, Comptroller General of the Nigeria Customs Service,…

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FG eyes N3trn savings as 14m farmers join cassava value chain

By Progress Godfrey  The Federal Government has initiated measures to empower 14 million smallholder farmers as key drivers of the Cassava Bio-ethanol Value Chain Development Project, aiming to reduce fuel import costs and strengthen Nigeria’s bio-economy. This was disclosed by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, in a statement signed by…

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Sokoto senator dumps ADC, returns to PDP

A leading All Democratic Congress (ADC) coalition stalwart in Sokoto state, Sen. Abubakar Gada, has returned to the Peoples Democratic Party (PDP). The former senator, who made the announcement at the end of a consultative meeting in Sokoto, said his decision was driven by the need to “reclaim and rebuild” the PDP in the state….

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