The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) Governor, Dr Olayemi Cardoso, to balance price stability with growth, raising concerns over the cash reserve ratio (CRR) and monetary policy rate (MPR) environment. CPPE made the call in a statement on Sunday, September 21, by its …
The possibility that the Central Bank of Nigeria (CBN) will cut the benchmark interest rate seems tempting than maintaining the status quo when its committee meet next week. Its two-day bi-monthly Monetary Policy Committee (MPC) meeting has been scheduled to be held on Monday, September 22 and Tuesday 23. CBN has held the rate unchanged …
The Nigerian stock market traded northward, gaining N822.25 billion in the just-concluded week's trading, despite investors being more cautious of major stocks, including bank shares. The resilience pushed the All-Share Index (ASI) to advance by 0.92 per cent to close at 141,845.35 points. Overall market capitalisation reflected the uptrend, rising by 0.92 per cent to …
Paradigm Initiative (PIN), a digital rights advocacy, has expressed concern about the consistent leak of Nigerians' data online, urging the government to look into the matter. The non-governmental organisation raised the issue in its latest report, highlighting the state of digital rights and inclusion in the country. According to a statement on Friday, September 19, …
United Bank for Africa (UBA) Plc has reported a growth of 6.06 per cent profit after tax to N335.53 billion for the first half of the year, relative to N316.36 billion in the same period of 2024. The bank’s financial performance was reported in its half-year financial statements released on Thursday, September 18. The financial …
The Lagos State Police Command said it has arrested a 55-year-old Samsideen Oladiti, popularly known as ‘Shamelon’, in connection with cases of murder and assault at Lagos Island. The command made this known in a statement on its X handle on Friday, September 19, signed by the State Deputy Police Public Relations Officer, Babaseyi Oluseyi. …
The Central Bank of Nigeria (CBN) has approved an operating licence for Apices Finance Company Limited to boost lending to small and medium-sized enterprises (SMEs) and deepen financial inclusion in the country. The approval was conveyed in a letter signed by the Director of Financial Policy and Regulation, Rita Sike, on Thursday, September 18. It …
Zenith Bank Plc has posted a decline in profit after tax to ₦532.18 billion for the first six months of the year, compared to ₦577.997 billion it recorded in the same period in 2024. The bank disclosed this in its 2025 interim financial statement released on Thursday, September 18. Pinnacle Daily review of the Zenith …
The federal government, states, and local government councils (LGCs) received N2.22 trillion as a federation allocation for August, increasing from N2.001 trillion in July. The Federation Account Allocation Committee (FAAC) disbursed the monthly allocation to the tiers of government for August. This was revealed in a statement on Wednesday, September 17, following the committee’s meeting …
The Chairman of United Bank for Africa (UBA), Tony Elumelu, said he was shattered by the fire outbreak that killed staff members of the bank, describing the inferno as a devastating incident. The fire incident occurred yesterday at Afriland Towers Building on Lagos Island, housing the UBA branch. Elumelu reportedly expressed his deep sorrow over …
