The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to deepen financial and technical cooperation. The agreement was signed on Thursday, October 16, on the sidelines of the ongoing IMF/World Bank annual meeting in Washington, DC, United States. It was endorsed by the Governor of the …
To address funding gaps for the over 40 million small businesses, the Securities and Exchange Commission (SEC) said it has signed a Memorandum of Understanding (MoU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to improve access to long-term financing for small and medium enterprises (SMEs) through the Nigerian capital market. The …
The Central Bank of Nigeria (CBN) stated that the country's monthly foreign exchange (FX) turnover increased to an average of $8.6 billion in 2025, attributing this to reforms surrounding remittance and other issues. The Deputy Governor for Economic Policy, Mohammed Sani Abdullahi, hinted at this on Wednesday, October 15, during an investors forum on the …
A renowned economist, Muda Yusuf, has said that Nigeria could sustain the declining inflation rate to make a positive impact on the masses. Yusuf, who is the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), shared his view in a statement on Wednesday, October 15, following the release of the …
Nigeria will officially take over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24) from Argentina on November 1, 2025. The Central Bank of Nigeria (CBN) hinted at this on Wednesday, October 15. This comes after the federal government, in 2024, called for increased investments and trading partnerships from member countries of the G-24. READ …
Nigeria’s headline inflation rate eased further to 18.02 per cent in September. The National Bureau of Statistics (NBS) announced this in its latest monthly Consumer Price Index (CPI) report released on Wednesday, October 15. The CPI report shows that headline inflation dropped to 18.02 per cent year-on-year in September from 20.12 per cent in August. …
A former governor of Ogun State, Chief Olusegun Osoba, has said that journalism will retain its shine despite the changing landscape of media practice. He said in his opening address at the launch of Pinnacle Daily in Abuja, on October 15. Osoba, who was the chairman of the occasion and represented by Chief Eric Teniola, …
The Chairman of Pinnacle Digital Resources Limited, Abimbola Adeseyoju, on the unveiling of the flagship service “Pinnacle Daily”, paid a special tribute to the late DIG Ibrahim Lamorde, the pioneer director of Pinnacle. The unveiling took place on Wednesday, October 15, in Abuja, Nigeria. According to Adeseyoju, Pinnacle Daily is an idea that started about …
The number of litigations claimed in monetary terms against Zenith Bank and six other lenders increased to over N4 trillion in the first half (H1) of this year, posing a significant threat to their balance sheets. The other six banks are Sterling Financial Holdings Company, Wema Bank, FCMB Group, Guarantee Trust Holding Company (GTCO), Stanbic …
A pinnacle Daily data analysis has revealed that out of the approximately 147 companies listed on the Nigerian Exchange Limited (NGX), 10 dominant firms are responsible for more than 60 per cent of the NGX's total market capitalization, exerting a significant influence on the exchange's overall performance BUA Foods now leads the top 10 most …
