In an economy where inflation rates and exchange rate fluctuations often cause financial turbulence, the latest federal government bonds issued by the Debt Management Office have provided an opportunity for High Net Worth Individuals (HNWIs) and corporations looking to lock in a steady, tax-exempt return on their funds. The Federal Government, through the Debt Management …
BUA Cement has restated its move to increase its total production capacity to 20 million metric tonnes per annum (mtpa). This expansion is part of the company’s strategic goal to address Nigeria's infrastructure deficit and lower the cost of cement through increased domestic supply. BUA Chairman Abdul Samad Rabiu said part of the expansion plan …
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 …
