Nigeria’s leading breweries faced a staggering combined loss of N169.7 billion in the first quarter of 2024, as reported by BusinessDay’s comprehensive analysis of their financial statements. Rising interest rates and the ongoing devaluation of the naira inflicted significant financial strain on Champion Breweries Plc, Nigerian Breweries Plc, International Breweries[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]