By Esther Ososanya The European Union says it could finalise a trade agreement with the United States in a matter of days, even as U.S. President Donald Trump escalates tensions with a new wave of tariff threats. On Tuesday, Trump announced a 50% tariff on imported copper and hinted at looming levies on semiconductors …
By Esther Ososanya Global markets gained on Wednesday as investors shrugged off U.S. President Donald Trump’s latest tariff threats, including a 50% levy on imported copper and potential 200% duties on pharmaceuticals. European Stocks and U.S. Futures Climb London’s FTSE 100 rose 0.2%, while the pan-European STOXX 600 gained 0.8%. Wall Street futures also …
The federal government has issued over 3.5 million passports in less than two years while saving more than ₦1 billion annually through strategic reforms in the passport issuance system. Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this on Tuesday during the commissioning of a new passport front office in Abuja. He said the reforms align …
By Esther Ososanya Nigeria’s President Bola Ahmed Tinubu has assured Nigerians that savings from the removal of fuel subsidies will be used transparently to fund infrastructure, social welfare, and economic reforms. Speaking at the 2025 National Conference on Public Accounts and Fiscal Governance in Abuja, Tinubu reaffirmed his commitment to responsible fiscal leadership. Represented by …
By Esther Ososanya U.S. President Donald J. Trump has signed a sweeping executive order extending the deadline for his proposed reciprocal tariff regime to August 1, 2025, giving over a dozen nations a narrow window to renegotiate trade deals or face tariffs ranging from 25% to 40% on select goods entering the U.S. The executive …
By Sunday Michael Ogwu Nigerians are leaving their jobs in large numbers, unable to keep up with the rising cost of getting to work, even as unemployment rates continue to soar. A recent investigation by Pinnacle Daily reveals that many Nigerians are quitting their jobs because transportation and daily expenses now swallow up most or …
By Esther Ososanya In a decisive move toward building a truly unified African financial market, the Kingdom of Morocco has joined the Pan-African Payment and Settlement System (PAPSS), becoming the 17th country to formally integrate into the pioneering platform. With Bank Al-Maghrib, the Moroccan central bank, officially signing the PAPSS membership agreement, the development marks …
– Prescribes Three-Year Cooling-Off Period for CEOs Transitioning to Chairmen The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group. In a circular to public companies and capital market operators titled “Circular to All Public Companies and Capital Market Operators on the Transmutation …
By Esther Ososanya The Central Bank of Nigeria (CBN) has clarified that Bank Verification Number (BVN) registration remains free for all Nigerians residing in the country, amid widespread concerns over alleged new charges. Reacting to viral reports suggesting a hike in BVN-related fees, the bank on Friday confirmed that the $50 charge applies only to …
By Sunday Michael Ogwu Customer complaints lodged with electricity distribution companies (DisCos) across Nigeria have fallen by 22.7% over a three-quarter period—from Q2 2024 to Q1 2025—even as persistent issues around metering, billing, and service interruptions remain dominant concerns among consumers. An analysis of official complaint data released by the Nigerian Electricity Regulatory Commission (NERC) …
