The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
Thomas Wyatt Nigeria Plc and Premier Paints Plc are among the bottom 10 stocks on the Nigerian stock market struggling to maintain compliance with the post-listing requirements on the Nigerian Exchange Limited (NGX), checks by Pinnacle Daily have shown. Analysts see this non-compliance with post-listing requirements as negatively affecting companies' overall performance and eroding investors' …
With the successful subscription of the $2.35 billion Eurobond issuance, which was oversubscribed by $10.65 billion, Nigeria's public debt is expected to rise by $34.63 billion on average, Pinnacle Daily can report. The nation’s Debt Management Office (DMO) on Wednesday, November 5, disclosed that Nigeria had returned to the international capital market to raise a …
Paradigm Initiative (PIN) has expressed worries that Tanzania’s election-period internet blackout and the continued suspension of X (formerly Twitter), which have cost the East African country over $238 million, are infringements on the citizens' digital rights. The digital rights advocacy group said in a statement on Wednesday, 5 November, stating that it remained concerned about …
Nigeria's headline inflation is expected to decline further to 16.4 per cent owing to falling prices of foodstuffs and naira appreciation, according to research by United Capital. The pan-African financial services institution made the forecast in a report it released on Wednesday, November 5. "Nigeria’s headline inflation rate will drop to 16.30% in October 2025, …
Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has said that Nigeria’s non-interest capital market valuation of over ₦1.6 trillion is clear evidence of an enabling regulatory environment. Agama said this at the 7th African International Conference on Islamic Finance (AICIF) 2025 in Lagos, which was held on November 4 and 5. He …
The Federal Government has appointed John Nwabueze as Nigeria’s Tax Ombudsman. The government announced this in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, late Tuesday, November 4. It stated that the appointment was in accordance with the provisions of the Joint Revenue Board of Nigeria (Establishment) Act, …
President Bola Tinubu has asked the National Assembly to approve a fresh ₦1.15 trillion loan from the domestic debt market to finance the deficit in the 2025 budget. His request was conveyed in a letter read on the floor of the Senate during plenary on Tuesday, November 4. The proposed borrowing is intended to bridge …
Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has expressed concerns that United States President Donald Trump's threat of military action over alleged Christian genocide could have far-reaching implications for Nigeria's economy and investors' confidence. The renowned economist shared his thoughts on the matter in a statement …
The Nigerian stock market started the week on a bearish note as the All-Share Index (ASI) declined by 0.25 per cent to close at 153,739.65 amid concerns about United States President Donald Trump's threat of military action on Nigeria over alleged Christian genocide. Pinnacle Daily reported that Trump had asked the country’s Defence Department to …
