Geregu Power PLC posted revenue growth in the 2025 financial year, amid rising debt obligations, amounting to over ₦204 billion, which placed a strain on its balance sheet. This is revealed in the company’s audited financial statement for the year ending December 31, 2025, released on Monday. Pinnacle Daily analysis of the result showed that …
Barrister Njoku Jude Njoku, one of the lawyers representing Nnamdi Kanu, has described the 2023 ruling of the Supreme Court in the case of the Indigenous People of Biafra (IPOB) leader as unconstitutional and a travesty of justice. Speaking to journalists, Njoku faulted the apex court’s decision, which overturned the October 13, 2022 judgment of …
The All Progressives Congress (APC), has accused former Sokoto State Governor, Aminu Tambuwal, of being the major problem facing the opposition in Nigeria. In a statement issued on Sunday by its National Publicity Secretary, Felix Morka, the ruling party dismissed Tambuwal’s allegation that President Bola Tinubu was plotting to destabilise opposition parties. Morka said both …
The Petroleum Tanker Drivers (PTD) have dismissed the nationwide strike notice issued by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) over claims that the management of Dangote Refinery is preventing newly recruited drivers of its Compressed Natural Gas (CNG) powered trucks from joining labour unions. NUPENG had on Friday issued a statement announcing …
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has threatened to commence a nationwide strike from Monday, September 8, 2025, due to a dispute with the management of Dangote Refinery over its Compressed Natural Gas (CNG) truck distribution scheme. The Dangote nationwide fuel distribution scheme, which was billed to commence in August has …
The Lagos Chamber of Commerce and Industry (LCCI) has called on the Nigerian government to take concrete actions towards ensuring the implementation of all international partnership agreements for development of the domestic economy. The chamber made the call while reacting to recent international engagements of the Nigerian government, including the diplomatic overtures with Brazil and …
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly declared that registered firms in the United States are permitted to trade spot cryptocurrencies, signalling a regulatory breakthrough in the crypto industry. This announcement marks a new chapter in the U.S. government's approach to regulating …
Experts have called for structural reforms to improve the lives of Nigerians and also boost the growth of Micro, Small and Medium Enterprises (MSMEs). At a pre-summit dialogue on “Driving State-led Reforms for MSME Growth”, convened recently by the Nigerian Economic Summit Group (NESG), in partnership with the Federal Ministry of Budget and Economic Planning, …
Group Managing Director/Chief Executive Officer of Access Holdings Plc, Innocent Ike, has assumed office today, 29 August 2025, promising to build on the legacies of late Herbert Wigwe and acting CEO, Bolaji Agbede, in the financial institution. Access Holdings had announced Ike’s appointment on Wednesday, following regulatory approval, with effect from 29 August 2025. Ike …
Ethiopian Investment Holdings (EIH), the government’s strategic investment arm, has partnered with Dangote Group to develop a state-of-the-art urea fertiliser production complex in Gode, Ethiopia. The two companies have signed a comprehensive shareholders' agreement to build one of the world’s largest single-site urea fertiliser production plants, marking a significant step in the industrialisation of Ethiopia’s …
