Several overlooked stocks emerged as major drivers of Nigeria’s stock market in 2025, delivering unexpectedly strong performances. The forces behind their gains may shape future investment decisions and signal patterns investors should watch. Pinnacle Daily reported that the stock market delivered a robust 51.19 per cent year-to-date return and a ₦36.62 trillion gain for investors. …
The Federal Ministry of Works will receive the largest funding for projects and operations under the 2026 Appropriation Bill. The Pinnacle Daily review of the 2026 proposed budget has shown. Others in the category are the Federal Ministry of Defence, the Ministry of Education, the Ministry of Health, and the Ministry of Agriculture and Food …
The African Export-Import Bank (Afreximbank) has announced the termination of its credit rating relationship with Fitch Ratings, following an internal review of the engagement. The bank made the decision public on Friday, January 23. It explained that the move was informed by concerns that the credit rating exercise no longer reflects an adequate understanding of …
A fatal multiple-vehicle accident involving articulated trucks at Otedola Bridge, inward Secretariat, along the Lagos–Ibadan Expressway, has claimed the life of a trailer driver. The incident occurred in the early hours of Friday, December 23. The Director of Public Affairs and Enlightenment Department of the Lagos State Traffic Management Authority (LASTMA), Adebayo Taofiq, confirmed the …
Vice President Kashim Shettima has said Nigeria now views food security as a fundamental macroeconomic, security, and governance issue, not merely an agricultural concern. He made the remarks at a high-level panel on ‘When Food Becomes Security’ during the 56th World Economic Forum (WEF) in Davos, Switzerland. According to a statement on Thursday by his …
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately target global investors and supply chain relocations to reduce import dependence, deepen manufacturing, and create jobs. The former Minister of Finance and Coordinating Minister of the Economy made the call on Wednesday at Nigeria House on the …
The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said Nigeria could unlock billions of naira in additional revenue by integrating the country’s vast faith-based economy into a more formal and transparent tax framework under the new tax regime. He believes that the Nigeria Tax Act (NTA) and the Nigeria …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over renewed calls for a special tax on sugar-sweetened non-alcoholic drinks in Nigeria, warning that such a move could harm the manufacturing sector and worsen economic pressures. CPPE said in a statement issued by its Chief Executive Officer, Muda Yusuf, on Monday, January …
President Donald Trump has said the United States (US) is seeking to take control of Greenland because of its critical strategic importance to American and global security. He argued that neither Denmark nor the North Atlantic Treaty Organisation (NATO) is capable of defending the vast Arctic territory against emerging global threats. He said this during …
Access ARM Pensions said it has surpassed the ₦4 trillion mark in assets under management (AUM). The company, a subsidiary of Access Holdings, revealed this in a statement on Wednesday. The milestone highlights its strong growth momentum following the October 2024 merger of Access Pensions and ARM Pensions. The combined entity’s AUM surged by over …
