The Corporate Accountability and Public Participation Africa (CAPPA) has praised the Federal Government for commissioning Nigeria’s first treatment facility for Polychlorinated Biphenyls (PCBs) in Abuja. CAPPA made this known in a statement on Monday. The facility was established by the Federal Ministry of Environment, in partnership with the Global Environment Facility (GEF) and the United …
Nigeria’s headline inflation is projected to rise to 16.73 per cent in January 2026, marking what analysts expect to be the highest level this year before a steady decline toward single digits. The forecast, released by United Capital Research on Monday, represents an increase from 15.15 per cent recorded in December 2025 by the National …
The 2025 financial year was marked by cautious lending across the banking sector, despite the Central Bank of Nigeria’s (CBN) decision to reduce the Loan-to-Deposit Ratio (LDR) requirement to 50 per cent. A Pinnacle Daily review of the financial results of major banks shows that while some lenders maintained loans slightly above the regulatory minimum, …
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned the Nigerian government against introducing compulsory value-addition policies without first ensuring adequate domestic processing capacity. CPPE raised the concern in a policy brief signed by its Chief Executive Officer, Muda Yusuf, dated February 8, 2026. It said that while domestic value addition is important …
The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said Nigeria's economic outlook shows consumer confidence is improving. This is expected to play a key role in driving the country's economic growth in 2026. He said this on Saturday at an economic discourse tagged ‘Building with Resilience in the Nigerian Economic Environment,’ organised …
Ecobank Transnational Incorporated posted a 30 per cent rise in profit before tax to ₦1.28 trillion, supported by growth in interest income, fees and customer deposits. The pan-African lender reported this in its 2025 unaudited financial statements for the year ended December 31, 2025, released on Friday. A review of the results by Pinnacle Daily …
Nigeria’s economic activity grew for the 14th straight month in January 2026, with entertainment and agriculture leading the expansion. This is contained in the latest Purchasing Managers’ Index (PMI) report released by the Central Bank of Nigeria (CBN). The report stated the composite PMI stood at 55.7 points in January. It remained well above the …
NIPCO Plc’s ownership stake in Savannah Energy Plc has increased above the key 30 per cent threshold. This follows the completion of Savannah’s on-market share buyback programme, despite NIPCO making no additional share purchases. In a statement on Thursday, Savannah Energy announced that it had repurchased 32.1 million ordinary shares at 6.8 pence per share, …
Nigeria’s leading agro-industrial companies, Presco Plc and Okomu Oil Palm Company Plc, ended the 2025 financial year with record earnings. This underscores the resilience of the oil palm sector despite a challenging operating environment. A review of the companies’ unaudited financial statements shows that both producers delivered strong revenue and profit growth in 2025, supported …
Private sector business activity in Nigeria deteriorated in January 2026, according to the latest Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank Nigeria. The report shows that the index fell sharply to 49.7 in January, down from 53.5 in December for the first time since 2014, ending a 13-month streak of expansion and signalling …
