Champion Breweries Plc took on ₦59.03 billion in new borrowings in 2025 to finance the ₦60.3 billion acquisition of the Bullet brand assets and other capital projects. This borrowing sharply increased its debt profile and pushed its gearing ratio to 89 per cent, Pinnacle Daily analysis of the company’s audited 2025 financial statement released on …
MTN Nigeria Communications Plc grew its revenue to ₦5.20 trillion in 2025, driven largely by the 50 per cent tariff adjustment approved by the Nigerian Communications Commission (NCC), Pinnacle Daily can report. A review of MTN Nigeria’s 2025 audited financial report shows that the tariff increase implemented across its service offerings was a primary driver …
Nigeria’s stock market delivered one of its strongest monthly performances in recent history in February 2026, with investors gaining ₦17.61 trillion in February. Energy and industrial stocks drove the broad-based rally despite intermittent profit-taking. Pinnacle Daily review of data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) advanced by 16.60 …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that while the escalating conflict involving Iran, the United States and Israel could boost Nigeria’s oil revenues, it also poses serious inflation, exchange rate and capital flow risks for the economy. In a policy brief released on Sunday, March 1, the CPPE Chief Executive …
The Corporate Accountability and Public Participation Africa (CAPPA) has accused the Lagos Water Corporation (LWC) of violating transparency laws in its ongoing plan to concession mini and micro waterworks under a Public-Private Partnership (PPP) arrangement. In a statement issued on Sunday, March 1, and signed by its Media and Communications Officer, Robert Egbe, the group …
Nigerian Exchange Group Plc (NGX Group) reported a slight increase in profit after tax to N10.48 billion in 2025, up from N9.92 billion in 2024. The Group disclosed this in its audited financial statement for the year ended December 31, 2025, released on Friday, February 27. Pinnacle Daily analysis of the results shows that the …
Nigeria’s Gross Domestic Product (GDP) grew by 4.07 per cent year-on-year in real terms in the fourth quarter (Q4) of 2025. This is according to the latest data released by the National Bureau of Statistics (NBS). The growth marked an improvement from the 3.76 per cent recorded in the same period of 2024 and the …
Seplat Energy’s revenue and operations expanded sharply following its acquisition of Mobil Producing Nigeria Unlimited (MPNU), Pinnacle Daily can report. A review of the company’s audited results for the year ended December 31, 2025, shows that with the addition of the offshore assets bought from ExxonMobil, Seplat’s revenue rose by 144 per cent to $2.73 …
Lafarge Africa Plc has cleared all its debts and ended 2025 with more cash than liabilities, marking a major turnaround in its financial position. A review of the cement maker's audited financial statement for the year ended December 31, 2025, by Pinnacle Daily shows that Lafarge Africa reduced its total loans and borrowings from ₦210.7 …
The Lagos Chamber of Commerce and Industry (LCCI) has called for sustained efforts to remove impediments in Nigeria’s business environment and attract foreign direct investment (FDI) into critical sectors of the economy. The demand came following the Central Bank of Nigeria's (CBN) recent reduction of the benchmark interest rate. In a statement, the Chamber’s Director …
