By Seun Ibiyemi The Federal Ministry of Health and Social Welfare has told the Federal High Court that the National Agency for Food and Drug Administration and Control (NAFDAC) is legally empowered to enforce the ban on alcoholic beverages packaged in sachets, PET bottles, and glass containers below 200 millilitres. In a counter-affidavit filed on…
By Seun Ibiyemi Seplat Energy Plc has reported a 144.2 per cent surge in revenue to $2.73 billion in 2025, up from $1.12 billion recorded in 2024, driven largely by a full-year contribution from its offshore assets. In a statement released on Thursday, the energy company also posted an 86.7 per cent increase in profit…
By Seun Ibiyemi Lafarge Africa Plc has reported a strong financial performance for the 2025 financial year, with net sales rising by 53 per cent to N1.07 trillion, up from N696.76 billion recorded in 2024. The cement manufacturer disclosed the results in its audited financial statements released to the Nigerian Exchange Limited on Thursday, attributing…
By Seun Ibiyemi Nigerian Exchange Limited and the investing public have been notified that Guaranty Trust Holding Company Plc has received regulatory approval to extend the filing deadline for its Audited Financial Statements (AFS) for the year ended December 31, 2025. The company disclosed that its Board of Directors approved the 2025 AFS on January…
By Adeyemi David The Delta State Police Command has recorded major operational breakthroughs with the arrest of suspected drug traffickers and a robbery suspect, alongside the recovery of 1,520 packets of prohibited drugs and a locally made firearm. The Commissioner of Police, Aina Adesola, disclosed that the arrests were made in separate intelligence-led operations aimed…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency NIMASA has pledged its commitment to provide the regulatory leadership, technical coordination, and stakeholder engagement required to successfully develop and implement a robust National Action Plan on maritime decarbonization in Nigeria. This was disclosed in a statement made available to BusinessPointer by the Deputy Director/Head,…
By Olakunle Oke The Ogun State Police Command has provided an update on the case involving Abigeal Nsikak, popularly known as Mirabel on TikTok, following a rape allegation she made online. According to the Command, the complainant reported at the police station where she was received and subsequently taken to a medical facility for examination…
By Seun Ibiyemi The Nigerian equities market remained in negative territory on Wednesday as investors lost N74 billion amid sustained sell pressure across major stocks. Market capitalisation on the Nigerian Exchange Limited declined from N124.827 trillion at the opening of trading to N124.753 trillion at the close, representing a drop of N75 billion or 0.06…
By Adeyemi David President Bola Tinubu on Wednesday called on the leadership of the 10th Senate to initiate constitutional amendments that would provide for the establishment of State Police. The President made the appeal during an interfaith breakfast with senators at the Presidential Villa, Abuja, according to a statement issued by his spokesperson, Bayo Onanuga.Tinubu…
By Seun Ibiyemi The Executive Chairman of the National Revenue Service (NRS), Zach Adedeji, has said the 2026 tax reforms position the agency to generate N40.7 trillion in taxes and royalties. Adedeji made this known on Wednesday at a roundtable in Abuja organised by the House of Representatives Committee on Appropriations for key stakeholders in…
