Why your favourite beer could get costlier in Nigeria
Nigerian Breweries Plc, Guinness Nigeria Plc and International Breweries Plc paid N112.87 billion in taxes in the first half of 2026, up 58% from N71.39 billion a year earlier.
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NESG: Industrial Policy Alone Not Enough to Achieve Industrialisation
over the past several decades, Nigeria has pursued industrialisation as a central pillar of its economic transformation agenda as successive governments have introduced numerous industrial strategies to diversify the economy, expand domestic production..
Naira Exchange Rates •Commodity Prices Tuesday, August 25
BLACK MARKET RATES US Dollar (USD) Buy ₦1,400 Sell ₦1,405 Great British Pound(GBP) Buy ₦1,900 Sell: ₦1,920 EURO (EUR) Buy ₦1,590 Sell ₦1,610 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana CEDI (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 CBN Exchange Rates US Dollar (USD) ₦1,346.98 Great British Pound (GBP) ₦1,837 54 EURO (EUR) ₦1,571.52 Swiss Franc (CHF) ₦1,678.89 Chinese Yuan (CNY) ₦200.37 Japanese Yen (Yen) ₦8.46 West African CFA (XOF) ₦2. 40 West African Unit Account (WAUA) ₦1,849. 43 Saudi Riyal (SAR) ₦358.73 South African Rand (ZAR) ₦84.11 COMMODITIES Commodity Price (US$) Chg % Soybeans 1219.96 3.96 0.33% Wheat 686.75 5 0.73% Palm Oil 4946.00 72.00 -1.43% Coffee 341.82 0.170 .05% Cotton 87.865 0.965 -1.09% Cocoa 5945.00 89.00 -1.48% Sugar 17.65 0.04 0.23%
NAFDAC Compels Alcoholic Beverages Manufacturers To Pay For Reopening of Sealed Factories
The agency’s Director – General, Prof Mojisola Christianah Adeyeye, also directed the Distillers and Blenders Association of Nigeria (DIBAN), the Association of Food, Beverage and Tobacco Employers (AFBTE), and their member companies who have not complied with the ban on alcoholic beverages packaged in sachets and PET (plastic) bottles below 200ml to do so.
After PFIPC, ICPC Discovers Another Fake Agency in SGF Office
The fake agency identified as National Brands Development and Made in Nigeria Special Project Office, is promoted by Geroge Buchi Nwabueze.
RMRDC, Illaj Sugar Move to Deepen Local Sugar Production in Kaduna
“The visit focused on assessing the company’s processing operations and identifying areas where research, technical expertise and local technology could be deployed to improve sugarcane production and processing.”
FG, PSML Sign New MoU for Delta Steel revival
The government said the latest agreement must translate into actual mine development, plant rehabilitation, commercial steel production and sustainable jobs within the agreed 18–24-month timeline.
Naira Exchange Rates •Commodity Prices Friday, August 21
Commodity Price (US$)
Soybeans 1216.40
Wheat 677.22
Palm Oil 5018.00
Sugar 17.38
Cocoa 5975.81
NordVPN Warns Cybercriminals Mimicking Global Brands To Steal Information
NordVPN said the attacks typically begin with social engineering, where criminals send convincing messages through SMS, WhatsApp or social media.
Cement price jumps to N16,000 per bag
Granite has risen from N530,000 to N780,000 per 30 tonnes. Reinforcing steel now costs N1.15 million per tonne, up from N850,000.