The Nigerian Government has signalled a strategic shift from heavy borrowing as it seeks to reduce debt-related risks and reassure investors amid tightening global financial conditions. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hinted at the policy direction during an interview with Bloomberg at the ongoing 56th World Economic Forum (WEF) …
Nigeria’s banking system recorded a broad-based rise in loan defaults in the final quarter of 2025. This is according to the Central Bank of Nigeria's (CBN) Fourth Quarter 2025 Credit Condition Survey Report, released recently. The report indicated that default balances increased across all major lending categories, underscoring growing repayment stress among households and businesses …
Geregu Power PLC posted revenue growth in the 2025 financial year, amid rising debt obligations, amounting to over ₦204 billion, which placed a strain on its balance sheet. This is revealed in the company’s audited financial statement for the year ending December 31, 2025, released on Monday. Pinnacle Daily analysis of the result showed that …
With effect from January 21, 2026, citizens of 75 countries will no longer be able to process visa applications to the United States (US), which may jeopardise its economy and have immediate consequences on the upcoming 2026 FIFA World Cup. President Donald Trump recently announced an indefinite suspension to strengthen his administration’s protectionist agenda with …
The bustling Lagos International Trade Fair Complex, spanning 300 hectares along the Lagos-Badagry expressway and home to numerous traders, remains a wrecked site after a demolition by the Lagos State Government in September 2025. The sections of the market, including the New Mandela and ASPAMDA, are left with ruinous foundations, beams, walls, and roofs. A …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the credibility of recent changes to Nigeria’s Consumer Price Index (CPI) computation, warning that adjustments to the methodology may be weakening confidence in official inflation data. The Centre made this known in its policy brief on Nigeria’s December 2025 inflation released on …
Nigeria’s economy will be affected this week by global meetings, inflation data, and policy changes. Investors and policymakers are watching these events to understand the risks facing emerging markets like Nigeria. Traders in the Nigerian Exchange and the foreign exchange market are reacting to the latest inflation figures and explanations on how the data was …
Nigeria’s economic outlook for 2026 will be shaped by a mix of global and domestic pressures, according to the Managing Director of Cowry Asset Management Limited, Johnson Chukwu. Chukwu spoke at the Cowry Quarterly Economic Discourse (QED), which was held virtually on Thursday, December 15. Delivering a keynote presentation titled “Nigeria in 2026: Will Politics …
The Securities and Exchange Commission (SEC) of Nigeria has increased minimum capital requirements for all regulated capital market entities. It disclosed this in a circular released on Friday, December 16, stating the aim is to boost market stability and align capital with evolving risk profiles. “This review is informed by the need to strengthen market …
Nigeria’s struggle with high initial public offering (IPO) and listing costs has become a quiet but persistent barrier to deepening its capital market. For many companies, especially small and mid-sized firms, the expense of going public often outweighs the benefits, keeping them locked out of the formal market and limiting the pool of investable assets. …
