African central bank governors have renewed push for a unified monetary system for the continent, reaffirming plans for the eventual establishment of the African Central Bank. They made the commitment during a high-level summit in Yaoundé, where 41 central bank governors met to discuss climate-related financial risks and strengthen cooperation under the African Monetary Institute …
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled steps for participation in the 2025 Petroleum licensing round. The Commission formally launched the 2025 licensing round on Monday, December 1, 2025, with the official unveiling of its licensing portal. It says activities lined up for the licensing round will come in phases. In a video …
Dollar General (DG.N) raised its annual profit forecast after posting third-quarter earnings that beat analyst estimates, fueled by resilient demand at its discount stores and successful efforts to cut costs and manage inventory. Shares rose about 5% premarket, adding to a 45% gain so far this year, as the company also increased its full-year comparable …
A majority of economists are betting the U.S. Federal Reserve will reduce its key interest rate by a quarter percentage point at the December 9–10 policy meeting, even as divisions persist among policymakers over whether the world’s largest economy truly needs further easing. According to a Reuters poll of 108 economists conducted from November 28 …
President of Dangote Group, Alhaji Aliko Dangote, has once again restated his call on African entrepreneurs to think of bringing their investments home. Dangote, who spoke at the Imo State Economic Summit 2025 on Thursday, argued that domestic investments attract foreign investments. “One advice that I have is that most of our own entrepreneurs please …
Dangote Petroleum Refinery and major oil marketers have set new lower prices for Premium Motor Spirit (PMS), commonly known as petrol, amid rising competition in the downstream market. Pinnacle Daily’s checks showed a slight drop in petrol prices at various depots by major importers and the Dangote Refinery. The price adjustment comes after a drop …
Nigeria’s business landscape continued its remarkable recovery in November 2025, posting its 11th consecutive month of expansion and reinforcing expectations of a stronger finish to the year. The latest Business Confidence Monitor (BCM) released by the Nigerian Economic Summit Group (NESG) shows that business confidence climbed marginally to 113.3 points, up from 111.3 points in …
For many Nigerians, gold has always been a symbol of wealth, beauty and tradition. But in 2025, it is becoming much more than that; it is now rising as one of the most preferred alternative investment assets for Nigerians looking to protect their money from inflation, currency weakness and economic uncertainty. Global data from the …
Lagos State will host the inaugural Food and Culture Festival on December 16 and 17, 2025, the Minister of Art, Culture, Tourism, and Creative Economy, Hannatu Musa-Musawa, announced on Tuesday. She said the festival reflects the Federal Government’s commitment to promoting Nigeria’s cultural heritage and using art, culture, and tourism as tools for economic growth, …
U.S. online shopping surged to $44.2 billion over the five-day Thanksgiving-to-Cyber-Monday period, according to new data from Adobe Analytics. Cyber Monday alone brought in $14.25 billion, cementing its place as the biggest online shopping day of the year. Adobe said online spending during Cyber Week rose 7.7% from last year, though the growth rate was …
