Dangote Petroleum Refinery and the Republic of the Congo's national oil company, Société Nationale des Pétroles du Congo (SNPC), have begun discussions on a strategic partnership to strengthen the supply of refined petroleum products and deepen energy cooperation across Africa. The talks took place during a visit by an SNPC delegation to the Dangote Petroleum …
The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has called for stronger collaboration between regulators and academics to strengthen the capital market. He made the call on Tuesday at the Second Biennial Conference of the Capital Market Academics of Nigeria (CMAN) in Abuja with the theme, 'The Nigerian Capital Market as a …
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says Nigeria’s negative perception of government borrowing is undermining economic growth and investment decisions. Speaking in Abuja on Tuesday at the Fellowship Award Ceremony and 2nd Biennial Conference of the Capital Market Academics of Nigeria, Oyedele said public criticism of borrowing often ignores …
After benefiting from one-off gains triggered by the naira's sharp devaluation, banks are now returning to a more sustainable growth model built on stronger lending, digital banking and fee-based businesses, Pinnacle Daily analysis shows. An analysis of the audited financial statements of Access Holdings, Zenith Bank, United Bank for Africa (UBA), GTCO and First HoldCo …
Nigeria's biggest banks are increasingly generating income from businesses that have little to do with traditional banking, Pinnacle Daily can report. From pensions and asset management to payment services, insurance brokerage and digital lending, Tier-1 banks are quietly building new revenue streams that are becoming an increasingly important part of their growth strategy. An analysis …
The Alliance for Economic Research and Ethics says Nigerian government and business delegations are losing valuable investment and trade opportunities abroad. The think tank group raised the concern in a policy document, 'The Cultural Key: Why Nigerian Businesses and Government Delegations Fail Abroad – And How to Master the Art of Cross-Cultural Commerce', issued over …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that the Senate's proposed ban on textile fabric imports could put the livelihoods of an estimated 10 million Nigerians at risk. The group stressed that the measure would disrupt Nigeria's fashion, garment and furniture industries rather than revive local textile manufacturing. In a statement …
Investors on the Nigerian Exchange Limited (NGX) lost about ₦2.42 trillion in the just concluded week as the stock market extended its losing streak despite a rebound in major banking stocks. The market capitalisation of listed equities fell by 1.60 per cent to ₦148.905 trillion for the week ended June 26, 2026, from ₦151.327 trillion …
When SpaceX debuted on the Nasdaq in June, the historic listing did more than make Elon Musk the world's first trillionaire on paper. It instantly added more than $2 trillion to the value of companies traded on the Nasdaq exchange and demonstrated how a single corporate giant can reshape a stock market. For Nigeria, the …
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has said that more than 80 per cent of financial crimes in Nigeria are perpetrated through procurement fraud and the use of registered companies. Olukoyede hinted at this while receiving the Board of the Corporate Affairs Commission (CAC), led by its Chairman, …
