The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately target global investors and supply chain relocations to reduce import dependence, deepen manufacturing, and create jobs. The former Minister of Finance and Coordinating Minister of the Economy made the call on Wednesday at Nigeria House on the …
The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said Nigeria could unlock billions of naira in additional revenue by integrating the country’s vast faith-based economy into a more formal and transparent tax framework under the new tax regime. He believes that the Nigeria Tax Act (NTA) and the Nigeria …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over renewed calls for a special tax on sugar-sweetened non-alcoholic drinks in Nigeria, warning that such a move could harm the manufacturing sector and worsen economic pressures. CPPE said in a statement issued by its Chief Executive Officer, Muda Yusuf, on Monday, January …
President Donald Trump has said the United States (US) is seeking to take control of Greenland because of its critical strategic importance to American and global security. He argued that neither Denmark nor the North Atlantic Treaty Organisation (NATO) is capable of defending the vast Arctic territory against emerging global threats. He said this during …
Access ARM Pensions said it has surpassed the ₦4 trillion mark in assets under management (AUM). The company, a subsidiary of Access Holdings, revealed this in a statement on Wednesday. The milestone highlights its strong growth momentum following the October 2024 merger of Access Pensions and ARM Pensions. The combined entity’s AUM surged by over …
Nigeria’s cocoa sector recorded a remarkable 62.25 per cent increase in export earnings during the first three quarters of 2025, underscoring the crop’s pivotal role in the nation’s agricultural trade and highlighting its resilience amid evolving global market conditions. A review by Pinnacle Daily of the National Bureau of Statistics’ ‘Foreign Trade in Goods Statistics’ …
The Debt Management Office (DMO) has revealed plans to raise ₦900 billion through the reopening of three Federal Government of Nigeria (FGN) bonds at its January 2026 bond auction. The auction is scheduled for January 26, 2026, with settlement expected on January 28, 2026, DMO stated in a circular released on Monday. The offer spans …
The Nigerian Government has signalled a strategic shift from heavy borrowing as it seeks to reduce debt-related risks and reassure investors amid tightening global financial conditions. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, hinted at the policy direction during an interview with Bloomberg at the ongoing 56th World Economic Forum (WEF) …
Nigeria’s banking system recorded a broad-based rise in loan defaults in the final quarter of 2025. This is according to the Central Bank of Nigeria's (CBN) Fourth Quarter 2025 Credit Condition Survey Report, released recently. The report indicated that default balances increased across all major lending categories, underscoring growing repayment stress among households and businesses …
Geregu Power PLC posted revenue growth in the 2025 financial year, amid rising debt obligations, amounting to over ₦204 billion, which placed a strain on its balance sheet. This is revealed in the company’s audited financial statement for the year ending December 31, 2025, released on Monday. Pinnacle Daily analysis of the result showed that …
