The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria’s removal from the Financial Action Task Force (FATF) grey list will boost investors' confidence in the capital market. SEC's Director General, Emomotimi Agama, stated this on Channels Television’s Morning Brief on Monday, October 27. He described the country’s exit from the global watchlist as a …
Africa’s leading listed conglomerate, Transnational Corporation Plc, has reported a 39 per cent increase in revenue to ₦413.4 billion in the third quarter (Q3) of this year. This is contained in the Transcorp Group's unaudited Q3 2025 financial results released to the investing public on Monday, October 27. A review of the results shows that …
Gold’s rally shows no sign of slowing down as analysts predict the precious metal will hit record levels next year. Data shows 39 analysts and traders forecast an average gold price of $4,275 per ounce in 2026, the first time projections have crossed the $4,000 mark. For 2025, analysts expect prices to average $3,400 per …
The African Export-Import Bank (Afreximbank) has marked the end of the tenure of its outgoing President and Chairman of the Board of Directors, Prof. Benedict Okey Oramah, with a legacy conference. The farewell conference held in Cairo, Egypt, was attended by more than 2,000 guests, according to a statement on Sunday, October 26, by Afreximbank. …
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 …
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 …
...Kanu still insists Nigerian court lacks jurisdiction to try him The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, on Thursday announced the disengagement of his legal team led by former Attorney-General of the Federation (AGF), Chief Kanu Agabi, SAN, at the Federal High Court in Abuja. The dramatic development unfolded …
