The Director-General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has lamented that the Nigerian capital market's 10-year vision has failed to achieve half of its objectives. Agama expressed the dissatisfaction in a lead paper titled 'Evaluating the Nigerian Capital Market Masterplan 2015-2025'. He presented the paper at the annual conference of the Chartered …
The Central Bank of Nigeria (CBN) has hailed the country’s removal from the list of jurisdictions under increased monitoring, known as the "grey list”, following a successful on-site evaluation of reforms implemented across the financial system. The Financial Action Task Force’s (FATF) formally announced Nigeria’s removal from its watchlist on Friday, October 24, Pinnacle Daily …
Some minority shareholders of Access Holdings Plc have demanded the removal of the Group Chairman, Aigboje Aig-Imoukhuede. The demand is based on the breaches of corporate governance and conflicts of interest following the death of the former chairman, Herbert Wigwe. In a note on its 2025 half-year financial statements released on Friday, October 23, Access …
The Financial Action Task Force (FATF) has removed Nigeria from the global money-laundering watchlist, explaining that the country has demonstrated strong political will and inter-agency collaboration in combating financial crimes over the last two years under President Bola Tinubu, since the country was placed on the grey list. Its president, Elisa de Anda Madrazo, announced …
Billionaire businessman and philanthropist Tony Elumelu has reiterated his concern about building a new African economy, driven not by aid but by private sector leadership. He expressed this in a keynote speech at the Abuja Business and Investment Summit and Expo 2025 in Abuja. The event brought together policymakers, business leaders, investors, and entrepreneurs to …
Foreign investors' transactions on the Nigerian Exchange Limited (NGX) rose to N387.62 billion, hitting a six-month high in September 2025. Pinnacle Daily's review of the latest monthly NGX Domestic and Foreign Portfolio Investment Report has shown. Analysis of the report revealed that transactions executed by foreign investors were highest at N699.89 billion in March but …
Jaiz Bank Plc has received an upgraded credit rating to A- (long-term) and A1 (short-term), both with a stable outlook. Agusto & Co. Limited, Nigeria’s foremost credit rating agency, upgraded Jaiz Bank’s rating, the bank announced in a statement seen by Pinnacle Daily on Friday, October 24. Jaiz Bank, a pioneer non-interest bank, similarly received …
Vice President Kashim Shettima said the federal government has finalised plans to invest $220 million in creating employment opportunities for young Nigerians. He hinted at this plan in Abuja on Wednesday, October 22, during the formal launch of the second phase of the Nigeria Jubilee Fellows Programme (NJFP) 2.0. The NJFP 2.0 is focused on …
The Director General of the Securities and Exchange Commission (SEC), Emomotimi Agama, has asked stockbrokers to do more to promote the Nigerian capital market's sustainability. He gave the charge at the 2025 Annual Conference of the Chartered Institute of Stockbrokers (CIS) in Abuja. He pointed out that stockbrokers and other market operators have a critical …
Financial Services Innovators (FSI), in partnership with Mentors Without Borders (MWB), has announced the launch of a six-month Tech Mentorship Programme at Thomas Adewunmi University (TAU) in Kwara State. The initiative aims to upskill 50 students in high-demand technology fields and enhance their global employability, FSI said in a statement on Wednesday, October 22. "Building …
