Escalating tensions between the United States, Israel and Iran have triggered volatility across African equity markets, as investors retreat from risk assets and reposition into safe havens. Markets from Lagos to Johannesburg have recorded sell-offs, cautious trading and sector rotations, driven by surging oil prices, currency pressure and global uncertainty. Brent crude has climbed on …
Warnings of severe flooding in 2026 are casting a spotlight on infrastructure resilience in Edo State, even as the government ramps up spending on roads, bridges and public assets aimed at stimulating economic activity. The Nigerian Meteorological Agency (NiMet) has predicted above-normal rainfall during the 2026 rainy season, identifying Edo as one of the states …
BudgIT Nigeria has raised fresh concerns over transparency and accountability in the proposed 2026 federal budget, warning that vague project descriptions and structural weaknesses could undermine legislative oversight and fiscal credibility. In a memo submitted to the National Assembly, the civic technology organisation said the lack of detailed explanations for several major budget line items …
Nigeria’s stock market delivered one of its strongest monthly performances in recent history in February 2026, with investors gaining ₦17.61 trillion in February. Energy and industrial stocks drove the broad-based rally despite intermittent profit-taking. Pinnacle Daily review of data from the Nigerian Exchange Limited (NGX) showed that the benchmark All-Share Index (ASI) advanced by 16.60 …
Nigeria’s Debt Management Office (DMO) has raised ₦524.28 billion at its February 2026 Federal Government bond auction, falling short of its ₦800 billion offer despite overwhelming investor demand. DMO revealed this in its report on the summary of FBN bond auction results for February 2026, released on Tuesday, February 24. A review of the results …
... Signs $14bn MOU with 42 companies For six years, Kebbi State counted its losses in silence. Before the festival’s suspension in 2020, the Argungu Fishing Festival drew between 30,000 and 50,000 visitors per edition. Hotels filled up weeks in advance. Traders recorded their best annual sales in four days. Transporters doubled fares and …
A new report by the National Bureau of Statistics (NBS) has exposed the scale of gender inequality embedded in how time is spent across Nigerian households. The report reveals that women devote five times more hours than men to unpaid domestic and care work, a burden analysts say is constraining economic growth and distorting national income …
Nigeria’s net foreign exchange inflow declined by 18.3 per cent year-on-year to $48.1 billion in the nine months ended September 2025, reflecting weaker capital inflows and persistent pressure on foreign exchange supply. Central Bank of Nigeria (CBN) data showed that the decline was largely driven by a sharper 15 per cent drop in total foreign …
Kaduna, Edo, Katsina, Sokoto and Lagos emerged as the five Nigerian states with the sharpest rise in public debt over the past decade, according to a review of BudgIT’s latest ‘State of States’ report. An analysis by Pinnacle Daily shows that the debt profiles of these states expanded rapidly between 2015 and 2024, reflecting widening …
Many roads across Nigeria, including federal highways, remain in poor condition despite trillions of naira allocated each year for road projects. These roads are meant to link regions, support trade, and drive economic activity, but years of neglect have made travel difficult, unsafe, and costly. In a post shared on his X handle on December …
