Nigeria’s capital market now faces a major shake-up following mandatory minimum capital requirements set for market entities. Not only will the move see market operators outpace their peers in other African countries, but it will also trigger survival of the fittest. On January 16, 2026, the Securities and Exchange Commission (SEC) announced new minimum capital …
The Central Bank of Nigeria (CBN) has directed that each licensed Bureau de Change (BDC) operator can access up to $150,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. The directive was issued on Tuesday in a circular signed by the CBN’s Director of Trade and Exchange Department, …
The Securities and Exchange Commission (SEC) has called on Nigerian civil servants to leverage opportunities in the capital market as a pathway to wealth creation, financial security and deeper participation in national economic growth. The Director-General of the SEC, Emomotimi Agama, made the call during a strategic engagement with the Head of Service of the …
The Central Bank of Nigeria (CBN) has outlined price stability and strengthening external reserves as the core pillars of its medium-term growth strategy, reinforcing its transition to an inflation-targeting framework and its commitment to defending the naira. Speaking at the National Economic Council Conference at the Presidential Villa in Abuja, CBN Governor Olayemi Cardoso said …
The Nigeria Revenue Service (NRS) said it collected ₦28.3 trillion in revenue by the end of December 2025, marking a significant performance milestone for the agency. The figure was disclosed on Tuesday by the Executive Director in charge of Government and Large Taxpayers, Amina Kurawa, during a staff retreat organised by the service. She said …
Fourteen years after the Central Bank of Nigeria (CBN) launched its financial inclusion strategy, an estimated 40 million Nigerian adults remain outside the formal financial system, highlighting the persistent gaps in access to banking and financial services. The figure is contained in a new report released by Enhancing Financial Innovation & Access (EFInA). Titled ‘Unlocking …
A new report by the National Bureau of Statistics (NBS) has exposed the scale of gender inequality embedded in how time is spent across Nigerian households. The report reveals that women devote five times more hours than men to unpaid domestic and care work, a burden analysts say is constraining economic growth and distorting national income …
The Corporate Accountability and Public Participation Africa (CAPPA) has praised the Federal Government for commissioning Nigeria’s first treatment facility for Polychlorinated Biphenyls (PCBs) in Abuja. CAPPA made this known in a statement on Monday. The facility was established by the Federal Ministry of Environment, in partnership with the Global Environment Facility (GEF) and the United …
Nigeria’s headline inflation is projected to rise to 16.73 per cent in January 2026, marking what analysts expect to be the highest level this year before a steady decline toward single digits. The forecast, released by United Capital Research on Monday, represents an increase from 15.15 per cent recorded in December 2025 by the National …
The 2025 financial year was marked by cautious lending across the banking sector, despite the Central Bank of Nigeria’s (CBN) decision to reduce the Loan-to-Deposit Ratio (LDR) requirement to 50 per cent. A Pinnacle Daily review of the financial results of major banks shows that while some lenders maintained loans slightly above the regulatory minimum, …
