The World Bank has raised concerns over the inefficiency and poor targeting of Nigeria’s social safety net programmes, revealing that less than half of total benefits actually reach poor households despite the majority of beneficiaries being from low-income backgrounds. In its latest report titled “The State of Social Safety Nets in Nigeria,” the global financial …
Nigeria's recent Eurobond issuance of US$2.25 billion has caught the attention of financial experts and investors alike. While the bond was oversubscribed, meaning there was strong investor demand, the coupon rate of 9.125% for the 10-year tranche and 9.625% for the 20-year tranche raises a few eyebrows. This rate appears to be on the higher …
U.S. stock index futures climbed on Monday amid signs of progress in Washington to end the record-long government shutdown that has stalled economic data releases and raised concerns about the economy. On Sunday, senators advanced a House-passed bill to fund the government until January 30. If approved by the Senate, the measure must still pass …
Thomas Wyatt Nigeria Plc and Premier Paints Plc are among the bottom 10 stocks on the Nigerian stock market struggling to maintain compliance with the post-listing requirements on the Nigerian Exchange Limited (NGX), checks by Pinnacle Daily have shown. Analysts see this non-compliance with post-listing requirements as negatively affecting companies' overall performance and eroding investors' …
A new crypto whale just bet $136 million against Bitcoin (BTC) and XRP with 20x leveraged shorts on Hyperliquid yesterday, November 6, 2025. This comes hours before President Donald Trump’s Miami crypto speech, where he’ll pitch the U.S. as the Bitcoin superpower and end crypto’s regulatory woes. With BTC at $103,000 and XRP at $2.32, …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
Bitcoin’s Shocking Plunge Below $105K: A $100 Billion Crypto Bloodbath Unfolds! It’s 9:22 AM WAT on Tuesday, November 4th, 2025, and the market is bleeding red. Bitcoin has just crashed below $105,000, the lowest since June 2025, sparking a brutal $100 billion wipeout in a mere 30 minutes overnight. With the dip still ongoing, BTC …
CZ Makes a Big Move: $2.5 Million Investment in $ASTER Token Shaking Cryptocurrency! Yesterday, Sunday, November 2nd, 2025, Changpeng Zhao, better known as CZ, the founder of Binance, announced he bought 2 million $ASTER tokens for $2.5 million on Binance’s spot market, planning to hold them long-term, much like his early BNB investment. This bold …
Nigeria’s equity market closed October with a flourish, extending a rally that has been in motion since April. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) opened the month at 142,713.1 points and ended at 154,126.4, representing an approximate 8% rise. According to reports, the index has already accumulated year-to-date returns approaching 50% for 2025. …
Nigerian airlines have spent an estimated US$5 billion (N7.5 trillion at N1500 per $) on aircraft maintenance abroad over the past five years, as they continue to ferry their fleets to other countries for major maintenance, particularly the extensive “C-checks”. The absence of a fully equipped domestic Maintenance, Repair and Overhaul (MRO) facility capable of …
