Nigeria has taken a significant step in protecting innovation and strengthening the intellectual property ecosystem with the official launch of the World Intellectual Property Organisation (WIPO) Office in Abuja. The WIPO office, which is the first to be established in Sub-Saharan Africa, was officially opened on Monday, June 1, 2026. According to a statement issued …
Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
The Federal Government may lose close to $1 million in customs duties and taxes if the planned disposal of more than 2,500 empty shipping containers by Grimaldi Nigeria proceeds without compliance with existing customs regulations, a maritime industry expert has warned. Speaking during an interactive session with members of the Shipping Correspondents Association of Nigeria …
A new report by the Alliance for Economic Research and Ethics (AERE) has revealed that Nigerian banks are allocating just one per cent of total credit to small and medium enterprises (SMEs). This is despite the sector contributing 50 per cent of the country’s Gross Domestic Product (GDP) and employing 80 per cent of the …
The Nigerian stock market extended its bullish run in May 2026, with investors gaining approximately ₦4.52 trillion as strong performances in industrial, insurance, and banking stocks lifted key market indicators despite weakening market breadth. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) rose by 3.35 per cent during the month, climbing …
The Nigerian National Petroleum Company Limited (NNPC) recorded an upsurge in revenue in April 2026 just as it witnessed a significant recovery in upstream production. The NNPC monthly report for April 2026, released on Saturday, indicates that its revenue rose by 79 per cent to ₦4.971 trillion in April from ₦2.774 trillion recorded in March. …
The Nigerian Economic Summit Group (NESG) has appointed investment and entrepreneurship expert, Surayyah Ahmad, to its board as part of efforts to strengthen private sector leadership and drive sustainable economic growth in Nigeria. The appointment was approved during the organisation’s second-quarter board meeting held on May 12, according to a statement issued by NESG Chief …
A recent Supreme Court ruling on the powers of the National Inland Waterways Authority (NIWA) could significantly alter Nigeria’s investment landscape for waterfront developments by ending years of overlapping regulatory demands on land adjoining waterways, according to an analysis by the Chairman of Alliance for Economic Research and Ethics LTD/GTE, Dele Oye. In his analysis, …
The Nigeria Deposit Insurance Corporation (NDIC) has restated its commitment to talent development and stronger collaboration between academia and industry through a structured leadership exposure programme aimed at preparing future business leaders for real-world corporate challenges. The initiative, known as the Executive Industry Immersion Challenge (EIIC), was organised in partnership with the Nile Business School, …
Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who confirmed this on Wednesday, May 20, said investor demand has reached $2 billion for the planned private placement, reflecting massive market …
