Private sector business activity in Nigeria moderated as the Purchasing Managers Index (PMI) slid to 53.4 points in September despite the continued decline in inflationary pressure. The slide in business activity was captured in the Stanbic IBTC Bank's PMI report released on Thursday, October 2. The report showed that PMI dropped to 53.4 points in …
The Corporate Accountability and Public Participation Africa (CAPPA) has called on the President Bola Tinubu-led administration to ensure that Nigeria feels the gains of self-rule through programmes and policies that will lift the citizens out of poverty, hunger, and insecurity. The organisation made the call in a statement by its Media and Communication Officer, Robert …
Labour Party (LP) presidential candidate in the 2023 general elections, Peter Obi, has condemned the demolition of buildings at the Lagos Trade Fair Complex. The former Anambra State Governor criticised the action by the Lagos State authorities in a statement on Tuesday, September 30. He asserted that the demolition did not follow due process. “To …
Nigeria and three other African countries are billed to be removed from the Financial Action Task Force’s (FATF) grey list in October. Bloomberg disclosed this in a report on Tuesday, September 30, stating that the task force’s assessors, who carried out on-site visits in recent weeks, hinted at significant progress. Pinnacle Daily reports that the …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will be delivering a series of national lectures to champion next-generation leadership. The first of its kind is set to be held at the Lagos Business School on Friday, October 3, 2025, according to a statement seen by Pinnacle Daily on Tuesday, September 30. …
FCMB Group Plc has raised its market capitalisation to N446.96 billion after converting N23.11 billion loan to shares. The debt-to-equity conversion saw the Group list an additional 3.16 billion shares at 50 kobo each on the Nigerian stock market. The Nigerian Exchange (NGX) confirmed the conversion in a statement on Tuesday, September 23. It noted …
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said that the new tax law will offer investors in the Nigerian capital market a N150 million annual exemption in capital gains tax (CGT). Oyedele reportedly clarified this during a high-level stakeholders dialogue with issuers, investors, intermediaries, and regulators, convened …
As Nigeria marks 65 years of Independence on Wednesday, October 1, a renowned economist, Muda Yusuf, said there are critical areas the government must prioritise to drive economic growth that would positively impact the lives of the masses for the next decade. Yusuf, chief executive officer (CEO) of the Centre for the Promotion of Private …
The Securities and Exchange Commission (SEC) has raised the alarm over the rising wave of artificial intelligence (AI)-driven scams targeting unsuspecting investors with promises of guaranteed profits. It gave the warning in a statement on Sunday, September 28, by its head of external relations, Efe Ebelo. The SEC recalled that platforms such as CBEX, Silverkuun, …
The Federal Government has asked the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENSASSAN) to suspend its planned nationwide strike over a feud with the Dangote Refinery and Petrochemicals. The Minister of Labour and Employment, Muhammad Maigari Dingyadi, made the call in a statement on Sunday, September 28. According to Dingyadi, the ministry …
