Fresh concerns over insecurity have emerged in Lagos after a motorist alleged that a gang of suspected kidnappers operating along the Apapa-Oshodi Motorway attempted to abduct him on Sunday morning. The motorist, Fatai (other names withheld for security purposes), told Pinnacle Daily on Sunday, June 14, that he narrowly escaped what he described as a …
Nigeria and the United Kingdom have deepened their economic partnership by launching a £15 million growth programme. The programme is aimed at supporting Nigeria's economic reforms, unlocking investment and accelerating growth over the next three years. The initiative was announced during a high-level meeting on Thursday between the minister of finance and coordinating minister of …
The Alliance for Economic Research and Ethics has urged the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, and heads of courts across the country to take urgent steps to prevent conflicting court judgments on electoral matters. In a statement titled “When the Ground Shakes Beneath the Throne, the Market Runs for the Door,” dated June 9, …
The Alliance for Economic Research and Ethics has called on President Bola Tinubu to withhold assent to the recently passed Factoring, Assignments and Receivables Financing Bill, 2026. In a statement on Thursday, June 11, the group warned that the legislation could create regulatory confusion, increase compliance costs and complicate financing arrangements already covered by existing laws. …
When Nigeria returned to democratic rule in 1999, ushering in the Fourth Republic, the average citizen earned far less than today but could afford much more with those earnings. At the time, the gross domestic product (GDP) per capita was estimated at $450, the naira exchanged at around ₦92 to the dollar, petrol sold for …
Twenty-six years after Nigeria returned to democratic rule, the country’s manufacturing sector remains trapped in low growth, with its contribution to Gross Domestic Product (GDP) largely stagnating at between 9 and 10 per cent. The Centre for the Promotion of Private Enterprise (CPPE) raised the concern in a statement issued on Thursday by its Chief …
Mortgage and financial stocks led gains on the Nigerian Exchange (NGX) in the week ended June 11, 2026. The performance helped to lift market capitalisation to nearly ₦157 trillion despite losses in several heavyweight consumer and industrial stocks. As a result, the NGX All-Share Index (ASI) rose by 0.88 per cent to close at 244,738.74 …
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Musa Adamu Aliyu, has called for wildlife trafficking to be treated as a form of organised financial crime, arguing that corruption remains the main force enabling the illegal trade to thrive. Aliyu made the call while speaking at the 35th Session of …
As Nigerians mark the 33rd anniversary of the June 12, 1993 election and 27 years of uninterrupted civilian rule, Corporate Accountability and Public Participation Africa (CAPPA) has warned that worsening insecurity poses a serious threat to Nigeria’s democracy, rule of law and the credibility of the 2027 general elections. In a statement issued on Thursday …
The Nigeria Revenue Service (NRS) has launched a new digital tax administration platform, Rev360, as part of efforts to identify tax evaders. It is also to enable it to strengthen compliance and modernise revenue collection across the country. Speaking at the unveiling in Abuja on Wednesday, the Executive Chairman of the NRS, Zacch Adedeji, described …
