Global financial markets came under renewed pressure on Tuesday as stocks fell, the U.S. dollar weakened, and Treasury yields climbed to four-month highs, following President Donald Trump’s renewed push to take control of Greenland, a move that has unsettled investors and revived geopolitical and trade concerns. Equities slid sharply after Trump threatened to impose additional …
The International Monetary Fund (IMF) has raised its global growth forecast for 2026, pointing to strong investment in artificial intelligence and growing adjustment to global trade tensions. In its latest World Economic Outlook update released on Monday, the Fund projected global GDP growth of 3.3 percent in 2026. This represents a 0.2 percentage point increase …
The average daily consumption of Premium Motor Spirit (PMS), also known as petrol, rose by 20.42 per cent month-on-month from 52.9 million litres per day in November to 63.7 million litres per day in December 2025. On a year-on-year basis, it reflected a 21.8 per cent surge from 52.3 million litres per day recorded in …
The Securities and Exchange Commission (SEC) of Nigeria has increased minimum capital requirements for all regulated capital market entities. It disclosed this in a circular released on Friday, December 16, stating the aim is to boost market stability and align capital with evolving risk profiles. “This review is informed by the need to strengthen market …
The National Economic Council (NEC) has resolved to intensify stakeholder engagement to boost Nigeria’s non-oil revenue base and reduce dependence on crude oil earnings. The decision followed deliberations at the Council’s 156th meeting, held virtually on Thursday and chaired by Vice President Kashim Shettima. Shettima urged faster movement toward a non-oil economy driven by competitive …
The Nigerian Economic Summit Group (NESG) has projected a 5.5 per cent growth in the Gross Domestic Product (GDP), declaring that the country has exited a period of “acute economic crisis”. It said Nigeria is now on the path to a stronger growth trajectory as economic reforms transition from stabilisation to consolidation. It made this …
TotalEnergies Marketing Nigeria Plc is set to face a sizeable debt repayment burden of about N65.45 billion in the first quarter of 2026, a move expected to weigh heavily on its liquidity position. Pinnacle Daily analysis of the company’s first-quarter forecast, released on Thursday, December 15, shows that the firm plans to prioritise aggressive debt …
Oil prices dropped from multi-month highs on Thursday, while gold retreated from record levels after U.S. President Donald Trump signaled a step back from potential military action against Iran, easing demand for safe-haven assets. Brent crude futures fell 3.3% to $64.32 a barrel, down from $66.82 a day earlier, as Trump said killings in Iran’s …
The Minister of Solid Minerals Development, Dr Dele Alake, says the establishment of new lithium processing and gold refining plants is positioning Nigeria as a leading minerals hub in Africa. Speaking ahead of the Future Minerals Forum in Riyadh, Alake said the projects mark a shift from exporting raw minerals to value-added processing, which will …
The Lagos State Government plans to introduce electric-powered boats into the LAGFERRY fleet before the end of the year. The move aims to lower transport fares and advance sustainable mobility across the state. The announcement was made by Hon. Abdoulbaq Ladi-Balogun, Managing Director of LAGFERRY, in a statement shared on the state government’s official X …
