The Centre for the Promotion of Private Enterprise (CPPE) has called for a major overhaul of Nigeria's development finance framework, warning that the country's manufacturing, agriculture, agribusiness, micro, small and medium-sized enterprises (MSMEs) and export-oriented businesses are facing a financing gap of more than ₦50 trillion. In a policy brief issued on Sunday, August 2, …
Presco and Okomu Oil Palm Company delivered another strong operating performance in the first half of 2026; however, higher taxes under Nigeria's new tax regime and strategic balance sheet adjustments reduced their net profits, despite resilient margins, stronger balance sheets, and rising investor confidence. An analysis of the companies' half-year (H1) financial results shows that, …
The Central Bank of Nigeria (CBN) spent much of 2025 battling rising fraud, growing consumer complaints, weak financial institutions and regulatory breaches, even as it intensified supervision across the financial system. Pinnacle Daily analysis of the CBN 2025 Annual Report shows that while Nigeria's banking sector remained stable overall, several areas of the financial system …
The Securities and Exchange Commission (SEC) has introduced a fully electronic registration process for Capital Market Operators (CMOs). The e-registration allows designated regulatory services to be completed online as part of efforts to improve efficiency, strengthen oversight and modernise Nigeria's capital market. The Commission disclosed this in a statement on Wednesday, saying the electronic registration …
Human rights lawyer and activist, Comrade Deji Adeyanju, has raised a fresh alarm over Nigeria’s worsening housing crisis, calling on President Bola Tinubu to declare a State of Emergency on housing and urban tenancy as rising rents and excessive charges push millions of Nigerians deeper into financial hardship. In an open letter he reportedly wrote …
The National Assembly on Tuesday commended the Securities and Exchange Commission (SEC) for strengthening its revenue base and fiscal sustainability, while urging the regulator to surpass its 2026 revenue target by at least 20 per cent. The commendation came during the 2026 Revenue Monitoring Exercise with the Commission in Abuja, where the Deputy Chairman of …
Nigeria's foreign exchange market recorded its highest weekly turnover this year; however, a new analysis has warned that the milestone may reflect temporary, large transactions rather than lasting improvements in market liquidity and stability. According to an editorial released by the Alliance for Economic Research and Ethics, total spot and derivatives turnover reached $4.375 billion …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, will headline the 7th Africa Emerging Markets Forum in Abuja on July 29 and 30, 2026. The two global economic leaders will feature in a high-level fireside dialogue on how African economies …
The Centre for the Promotion of Private Enterprise (CPPE) has said the United States' decision to impose a 12.5 per cent tariff on imports from Nigeria is unlikely to have a significant impact on the country's export earnings or broader economy, as most Nigerian exports to the US are exempt from the new measures. In …
Lower electricity output dragged Transcorp Group's half-year earnings, while manufacturers such as Unilever Nigeria and Guinness Nigeria returned stronger profit growth as lower foreign exchange losses eased pressure on their bottom lines. Pinnacle Daily can report. Its analysis of the H1 2026 financial results of Transcorp Group, Transcorp Hotels, Unilever Nigeria, Guinness Nigeria, Fidson Healthcare …
