Corporate Accountability and Public Participation Africa (CAPPA) has called for urgent intervention by the Federal and Ondo State governments over what it described as a deepening environmental and humanitarian crisis in Abereke community, Ilaje Local Government Area of Ondo State, where repeated oil spills and ocean surges have destroyed homes, livelihoods, and public infrastructure. The …
The Centre for the Promotion of Private Enterprise (CPPE) has strongly criticised the World Bank’s recommendation that Nigeria should increase the importation of petroleum products and food, warning that such a move could reverse recent economic gains and weaken the country’s push for self-sufficiency. In a statement issued on Sunday, CPPE Chief Executive Officer, Dr …
A review of Zenith Bank Plc’s 2025 audited financial statements reveals a year marked by numerous risks, pressure on profits, and new challenges in business operations. Although the bank grew in size and strengthened its financial position, from difficult accounting decisions to risks linked to climate change, the bank’s performance was influenced by five major …
A group of data protection advocates has sued the Central Bank of Nigeria (CBN) over a controversial directive restricting Nigerians to a one-time change of phone numbers linked to their Bank Verification Numbers (BVN), arguing that the policy is unconstitutional and exposes millions to fraud risks. According to a report by The Nigerian Lawyer on …
The Central Bank of Nigeria (CBN) has dismissed claims that Polaris Bank is facing liquidation, describing the circulating report as false and misleading. In a post on X on Thursday, the apex bank reassured the public that the Nigerian banking system remains stable and secure. The CBN statement followed a viral claim that Polaris Bank …
Nigeria must urgently accelerate privatisation, unlock private capital through public markets, and rethink how it finances infrastructure if it is to overcome its fiscal constraints and deliver sustainable growth. The Chief Executive Officer of Chapel Hill Denham, Bolaji Balogun, said in an interview with Proshare on the theme: ‘Infrastructure, Fiscal Space, and Capital Market Funding.’ …
Nigeria’s economic direction in April 2026 is being shaped by five major forces ranging from monetary policy shifts to global shocks, according to a new report by the Alliance for Economic Research and Ethics LTD/GTE. In its 'Weekly Intelligent Business & Ethics Report' seen by Pinnacle Daily, the group said these forces are driving both …
Nigeria stands to gain from a stronger and more stable naira, but an excessive appreciation could undermine exports, fiscal revenue, and long-term economic diversification, warns Kazeem Bello, CEO and principal partner of Afrique Capital and Equity Funds Ltd, New York. Bello, a development economist and investment banker, told Pinnacle Daily that Nigerian authorities face a …
Nigeria’s economy showed signs of improving stability in the first quarter of 2026, but rising costs, geopolitical tensions and political risks could undermine progress in the months ahead, the Centre for the Promotion of Private Enterprise (CPPE) has said. In a policy brief issued on Sunday, April 5, its Chief Executive Officer, Dr Muda Yusuf, …
Wema Bank Plc incurred a ₦32 million cybersecurity penalty and recorded ₦847.6 million in losses from fraud and forgery in 2025, Pinnacle Daily can report. An analysis of the bank’s audited financial statements for the year ended December 31, 2025, revealed this, underscoring heightened operational and compliance risks during the year. It shows that the …
