What is being overlooked is that these enormous profits by brewers are not isolated cases. They cut across most major Nigerian companies that rely heavily on Nigerian consumers for their revenue.
MTN Nigeria, for instance, reported revenue of ₦5.20 trillion in 2025 (up 55%) and swung from a loss to a profit after tax of ₦1.11 trillion. In the first half of 2026 alone, it posted ₦2.99 trillion in revenue and ₦707.5 billion in profit after tax, a 71% jump, while declaring a substantial interim dividend. I remembered opposition using the MTN temporary to shalaye 2 years ago.
Zenith Bank delivered gross earnings of ₦4.19 trillion and profit after tax of ₦1.04 trillion in 2025.
GTCO posted a pre-tax profit of ₦1.23 trillion in the same year.
I enjoyed robust dividends fron both GTCO and Zenith in April...
These results are not outliers. Across telecoms, banking, and other consumer-facing sectors, many leading Nigerian companies have recorded strong or record revenues and profits even as elite Nigerians continue to claimed ordinary Nigerians are suffering.
The pattern is clear, the same domestic consumer base that is said to be struggling is simultaneously generating exceptional returns for large corporations.
If you’re into finance and economics, do yourself a favour: listen a lot to Tinubu’s views on finance and economy. No one comes close.
I have about 40 clips of him on finance.
He’s a genius in finance, leadership and economics.
Also, consider doing an MBA; it will help!
VIDEO BREAKING: President Trump departs Andrews Air Force Base for Ede International Airport, Osun State, to respond in person to Davido’s tweet calling for his intervention in Osun.
@woye1@ayomairoese@ARISEtv It's so terrible how some persons have reduced Journalism that use to be a vibrant and resourceful occupation to a mere tool of propagating half truth and unverified claims.
@evanahh_ What is the estimated percentage of fathers who sexually abuse their own daughters? Is there reliable data showing this occurs at a significant rate?
@vofseafood@evanahh_ What is the estimated percentage of fathers who sexually abuse their own daughters? Is there reliable data showing this occurs at a significant rate?
@evanahh_ This is textbook engagement farming at its finest.
The only other explanation is that whoever posted this video and the accompanying horror show comment has a mental hard drive that’s thoroughly corrupted and desperately needs a full factory reset.
Sir,
None of the cuts announced by Andy is taking effect immediately. Some are taking effect from Jan, 2027.
Did you expect the government that took over an economy on the verge of bankruptcy (30T printed, debt service to revenue 97%, NFR $4B etc) to announce tax cuts immediately they took office?
The new tax act provided tax relief to low income earners,small businesses,zero rated essential items and reduced FG share of VAT from 15 to 10%, increasing state and local government share from 85 to 90%. It also removed consumption tax(7.5%) collected by states.
All these took effect since January 1st this year.
By the way, I don't understand the basis of comparison between a country like Nigeria with a tax-to-GDP ratio of 13.5% to UK with a ratio of 40%. Can you explain sir?
Effectively, the percentage of distributable FAAC that goes to states and LGs is averagely 60% now.
So I will like to understand if the intervention you are referring to is as a LG Chairman, State Governor or President? Because I remember states like Lagos did not just give a tax cut on mass transit and rail, they gave a 50% cut in fares.
In conclusion Sir, your answer is still vague, as the one that knows things, could you outline specifically what you would have done differently, the way you mentioned specifics for the UK? Because you seem to have committed what the NRS chairman was accusing the opposition for.
I am not Ezemmuo, I don't know things. Hence my enquiry for clarity.
Thanks.
NNPC remittances to FAAC under:
Obasanjo: $4B
Yar’Adua: $8B
GEJ: $1B
Buhari: $0
Tinubu: $15.33B
In just 3 years, Tinubu’s NNPC has remitted more to the Federation Account than all previous administrations combined in 23 years.
That’s what reforms mean.
Well done, BAT.
Yesterday, the song was “whatever EFCC did in Osun, the President had hands in it” and when we said the President couldn’t have done such a thing, you people were sending insults and curses left and right.
Now the President has come out to say he didn’t know anything about it and directed EFCC to reverse its decision in the interest of democracy and public. Guess the new anthem: the President cannot give directive to EFCC and EFCC is supposed to be independent. Democracy will be in danger if the President can just issue directive to EFCC.
What exactly do people want?
One of the deepest reasons I cannot leave Nigeria is my family; and I do not mean my wives and children. I mean my parents and my siblings.
I do not imagine a life so far away that I cannot wake up one morning and simply decide, “Today I will go and see my parents.” That freedom, that nearness, that quiet possibility of presence, is not something I am willing to trade for any opportunity abroad.
I have had friends who told me: Adam, Nigeria is not for you. You can make a lot more money and achieve a lot more professionally, outside Nigeria. To me, that’s not the kind of life or career fulfilment I want. As one of my mentors always tells me: you can achieve bigger things even from small places. This has made me more resolute in achieving it all in Nigeria, with my family around me, in the shortest possible distance.
There is a particular comfort in knowing that the people who knew you before the world knew your name are still within reach. The ones who watched you crawl, who corrected you when you went astray, who celebrated every small victory long before the certificates and the titles arrived. To be hours, not continents, away from them is a form of wealth that money cannot buy and distance steadily erodes.
I have seen too many people return home only for funerals. I have watched the slow regret that settles when parents grow older and the visits become fewer, shorter, and more formal. I do not want that story for myself. I want to still be able to walk into their house without announcement, to sit and talk without the pressure of limited days, to share ordinary moments that only proximity makes possible.
My siblings are part of that same circle. We are not just relatives; we are the living archive of one another’s childhood. The jokes that need no explanation, the shared memories that still make us laugh, the quiet understanding that comes from having been raised under the same roof and the same values. Distance does not destroy love, but it changes the texture of it. I prefer the texture that remains close.
This is not sentimentality. It is a deliberate choice about the kind of life I want to live. Success that requires permanent separation from the people who formed me feels incomplete. I can travel. I can explore. I can even work across borders when necessary. But the centre of my life remains here, Nigeria, within reach of the people who matter most in the deepest, oldest sense.
Some will call it limitation. I call it rootedness and I am content with that.
1955, Jonesborough, Tennessee.
Emory Harrison, his wife Thelma, and their 12 sons , every single one a boy, lined up smallest to tallest in overalls. Officially the largest all-male family in the United States.
No luxury. Just hard work, a full house, and each other.
Seventy years later, this photo still stops you. ❤️🇺🇸
Even Though I Said I Believed Peter Obi Won the 2023 Elections, It Is Past Tense, and We Couldn’t Prove It - Balami
What do you expect someone who was the deputy campaign manager of Peter Obi’s party to say? I gave my all to the party.
Isaac Balami, APC Stalwart
"Our matters are solved. Timelines have been agreed, and the person who invited us has never failed resident doctors," says the President of the Nigerian Association of Resident Doctors (NARD), Dr. Muhammad Usman Suleiman, following a high-level meeting with the Federal Government led by the Chief of Staff to the President, @FemiGbaja to address outstanding issues affecting resident doctors.
Key highlights include:
- Government and NARD agreed on one-week timelines for the implementation of salary adjustments, promotions, and other outstanding welfare issues.
- A standing directive has been issued to ensure house officers receive their salaries before the 10th of every month, ending delays in salary payments.
- Government reaffirmed its commitment to clearing outstanding promotion arrears and resolving the 19-month professional allowance backlog, with implementation timelines to be communicated.
- The Ministry of Labour and the Ministry of Health have been directed to fast-track the Collective Bargaining Agreement (CBA) process to enable budgetary provisions and implementation in the next fiscal year.
- The Federal Government will strengthen security in public hospitals, issue directives to create safer working environments for healthcare workers, and intensify public awareness against assaults on medical personnel.
- The Chief of Staff to the President also pledged to support legislation that would classify assaults on health workers as aggravated offences, providing stronger legal protection for medical professionals.
- NARD acknowledged the positive outcome of the meeting, expressing confidence that the agreed resolutions have substantially addressed its concerns, while noting that its National Executive Council will review the agreements before taking a final decision on the ongoing industrial action.