Promoting responsible business
Column 1
Column 2
Column 3
Column 4
Support Us
Lead Investigation
STRUGGLING local brewer, Nigeria Breweries Plc, has acquired Distell Wines and Spirits Nigeria Limited as part of a battle to navigate through the tough business terrain of Africa’s most populous nation. Nigerian Breweries Plc incurred a loss totalling N52.089 billion in the first quarter (Q1) of 2024 as against N10.715 billion loss reported in the […]
Latest Coverage
A sharp, high-contrast reading environment for investigations, policy analysis, and live market signals.
Militants are unsettling Okomu Oil Palm Company Plc and the manufacturer is rethinking its investment in Edo State. Experts say the Nigerian security agencies must act swiftly to protect the company and its assets and people. Unknown militants killed three staff members of the palm oil producer working in plantations on Monday in an attack […]
THE dairy sector in Nigeria is about to undergo a transformative journey with the inauguration of the latest Value4Dairy Consortium project. Held at the International Institute of Tropical Agriculture (IITA) in Ibadan, Oyo State, on March 19, 2024, this event signals a significant leap forward for Nigeria’s dairy industry. Co-funded by the Bill & Melinda […]
GOVERNOR Hope Uzodimma’s administration must rethink its policies and improve Imo State’s weak fiscal outlook, moving it from a civil service state to the industrial hub of the southeastern region, economists say. In terms of debt, internally generated revenue (IGR), investments, job creation and security, Imo State scores low and struggles to compete with contingent […]
THERE is a silent revolution going on in Nigeria. It is neither a subterranean protest call nor is it an insurrection. It is rather a march towards changing the status quo in Nigeria’s sugar industry. The revolution is led by Dangote Sugar Refinery (DSR) through its backward integration programme (BIP) aimed at ensuring that Africa’s […]
THE Ministry of Industry, Trade and Investment under Mr Niyi Adebayo failed to account for some COVID-19 funds, according to the 2020 Auditor-General’s Report. The audit report alleged that N430 million was released to the ministry as COVID-19 funds in the 2020 financial year but only N146.74 million was spent. The remaining N283.86 million, being […]
THE Ministry of Industry, Trade and Investment has set aside N500 million in the 2024 budget for “investment promotion, image rebranding and roadshows.” It also earmarked N1 billion for the “survey, feasibility and development of investable assets for foreign and local investments.” Analysts consider these items as wasteful and ineffective considering that tens of road […]
AJAOKUTA Steel Complex is currently not in operation and staff members are not going to work. In spite of that, the staff will have to decide what to do with N4.296 billion personnel cost budgeted for them in the 2024 appropriation bill. The personnel cost covers their wages and salaries, travel allowances, regular allowances, welfare […]
AT Oshodi in Lagos State, a roadside leather shoes seller, Mr Samuel Oguntoye, pays 7 different taxes every week. He spends more than N6,000 each week on local government tax, land use tax, sales tax, parking permit, radio and television permits as well as market tax. He does not receive receipts for any of these […]
SOME local and foreign manufacturers are dumping Nigeria and moving operations to other parts of the world with better operating environment, Economy Post has found. Technoflex Company Limited, previously a member of the Manufacturers Association of Nigeria (MAN), was a player in the industrial plastic and foam sub-sector. However, its owner, Mr Obiora Okafor, recently shut […]