Author: Ifetayo Adeniyi

Manny Ita  – Nestlé Nigeria Nestlé Nigeria recorded a net profit of ₦105 billion in 2025, bouncing back from a post-tax loss of ₦164.6 billion in 2024, largely aided by a relatively stable dollar-to-naira exchange rate. The improvement ended two consecutive years of loss-making, during which shareholder funds had turned negative. The company’s audited accounts showed that foreign currency translation losses, which stood at ₦290.7 billion in 2024, fell to zero in the year under review, helping the manufacturer of Milo, Maggi, Golden Morn, and Nescafé reduce net finance costs by approximately 85 percent. The naira opened the year at…

Manny Ita  – A growing number of artists, entrepreneurs and young professionals in Lagos are embracing a new cultural shift dubbed the “Slow Lagos” movement, advocating intentional rest, mental well-being and a more balanced pace of life in a metropolis long defined by relentless activity and economic pressure. The emerging trend, driven largely through social media, creative communities and wellness collectives, encourages residents to disengage from the city’s nonstop grind culture in favor of mindfulness, flexible work patterns and restorative leisure. Supporters argue that the movement is a response to rising burnout, anxiety and exhaustion among urban dwellers struggling to…

President of Ghana, H.E. John Dramani Mahama (5th left) watches on as Mr. Samaila Zubairu, President & Chief Executive Officer of Africa Finance Corporation and Outgoing Chairman of AAMFI (seated, left) and H.E. Mrs. Francisca Tatchouop Belobe, Commissioner for Economic Development, Trade, Tourism, Industry and Minerals at the African Union Commission (seated, right) sign the AIFF agreement.. CREDIT: afreximbank.com African Heads of State and Government formally launched the Africa Infrastructure Financing Facility, a continent-led platform designed to accelerate the preparation and financing of priority cross-border infrastructure projects aligned with Agenda 2063. The launch took place during the Third Presidential High-Level…

File photo: TUC and NLC logos Organised labour in the federal public service has issued a Friday deadline to the Federal Government, demanding the immediate release of funds to settle three months’ outstanding wage awards and other pending allowances owed to workers across Ministries, Departments and Agencies. The leadership of the Joint National Public Service Negotiating Council (Trade Union Side) conveyed the ultimatum in a letter addressed to the Federal Ministry of Labour and Employment, warning that failure to meet the February 27, 2026, deadline would compel the eight unions in the civil service to take decisive action. The unions…

President Bola Tinubu has disclosed the number of health centres that will take advantage of the over N98 billion funds injected into the Primary Healthcare in 2025 which is expected to rise to 13,500 across the country. Tinubu, who described the health sector as fundamental to national productivity, security, economic growth and human dignity, asserted this yesterday at the All Progressives Congress (APC) National Health Convention and Roundtable 1.0 in Abuja. He was represented by the Secretary to the Government of the Federation, Senator George Akume. Noting that a country cannot be prosperous if its citizens were unhealthy, Tinubu said…

Manny Ita  – Gunmen have reportedly abducted four worshippers during a night vigil service at a church in Ondo State, triggering outrage among residents and sparking protests over what locals describe as worsening insecurity across the state. The attack occurred late at night while congregants were gathered for prayers, according to community sources, who said the assailants stormed the church premises, fired sporadically to create panic and whisked away the victims to an unknown destination. Witnesses said the operation lasted only a few minutes, leaving other worshippers traumatized. Residents reported that the attackers arrived on motorcycles and took advantage of…

Sterling Bank Limited has convened senior government officials, industry regulators, institutional investors, hospitality operators, creatives, and traditional leaders in Lagos to drive coordinated action aimed at unlocking sustainable investment and long-term growth in Nigeria’s tourism and creative economy, positioning the sector as a strategic pillar of economic diversification and job creation. The high-level stakeholder engagement brought together public and private sector leaders to examine practical pathways for translating rising global interest in Nigerian culture, entertainment, and destinations into structured, year-round economic value. Discussions focused on aligning policy direction, capital formation, infrastructure development, and enterprise support to strengthen the tourism and…

Manny Ita  – President Bola Tinubu has approved a one-year extension of the federal government’s ban on the export of raw shea nuts, pushing the restriction to remain in force until February 2027 as part of efforts to stimulate domestic processing, create jobs and strengthen Nigeria’s agro-industrial value chain. The extension, officials said, is aimed at compelling exporters to channel raw shea produce into local factories rather than shipping unprocessed nuts abroad, where most of the value addition traditionally occurs. Nigeria is one of the world’s major producers of shea nuts, but stakeholders have long lamented that the country earns…

Nigerian Breweries Plc, Nigeria’s foremost brewing company, celebrated its outstanding trade partners at the 2025 Distributor Awards held recently at Eko Hotel and Suites, Victoria Island, Lagos. Themed, “Unlocking Growth Together- aligned, Focused and Faster,” the ceremony brought together distributors, transportation partners, senior management, and key stakeholders to recognise exceptional contributions to the company’s strong business performance in 2025. Delivering the keynote address, the Managing Director of Nigerian Breweries Plc, Thibaut Boidin, emphasised that the awards reflect the company’s conviction that sustainable success is built on strong partnerships across the value chain. He said, “As one team and one family,…

Manny Ita  – President Bola Tinubu has formally appealed to the 10th Senate to initiate amendments to the 1999 Constitution to provide a clear legal framework for the establishment of State Police across the federation, stressing that the reform has become urgent in the face of “evolving security challenges” confronting the country. The President’s appeal was conveyed in a communication to the Senate leadership, where he underscored the need for structural changes in Nigeria’s policing architecture to effectively combat banditry, insurgency, kidnapping and other violent crimes that have persisted in several parts of the country. He argued that the current…