Shares of gold mining companies rose in premarket trading on Monday after bullion prices climbed to a record high of $5,100 an ounce. The surge extends a historic rally driven by safe-haven demand amid geopolitical tensions and global market volatility. Gold gained about 64 per cent in 2025, marking its strongest annual performance since 1979. …
In Nigeria, the week of January 26–30 is relatively quiet for official data releases. Markets reopen on Monday, January 26, with attention on foreign exchange liquidity, interest rates, and oil prices. Tuesday will highlight private-sector developments, including economic outlook briefings expected from banks and businesses, as well as analyst reports. Wednesday is expected to be …
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 …
The minority caucus of the House of Representatives says it has found “illegal” changes in the published copies of the tax reform laws. In a statement on Friday, Afam Ogene, who heads a seven-member committee set up to investigate the issue, reportedly said a review of the laws showed that different versions are circulating. Ogene …
The Federal Ministry of Works will receive the largest funding for projects and operations under the 2026 Appropriation Bill. The Pinnacle Daily review of the 2026 proposed budget has shown. Others in the category are the Federal Ministry of Defence, the Ministry of Education, the Ministry of Health, and the Ministry of Agriculture and Food …
The Federal Government says Nigeria could save over ₦3 trillion annually in foreign exchange by blending bioethanol with Premium Motor Spirit (PMS). The initiative is designed to reduce the country’s reliance on imported fuel while strengthening domestic agriculture and industry. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the plan at a …
World leaders and business executives at the World Economic Forum explore new trade alliances as U.S. tariffs reshape global commerce. President Donald Trump’s aggressive use of tariffs, most recently threatening European allies over Greenland before striking a NATO framework deal, has renewed efforts to expand global trade outside the U.S. sphere. At the World Economic …
After nearly two decades of failing to deliver the second runway for the Nnamdi Azikiwe International Airport (NAIA), Abuja, the Federal Government has stunned members of the public with a fresh ₦10 million allocated to the project in the 2026 budget proposal. This, according to observers and industry stakeholders, has created more uncertainties about the …
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has urged the Nigerian government to deliberately target global investors and supply chain relocations to reduce import dependence, deepen manufacturing, and create jobs. The former Minister of Finance and Coordinating Minister of the Economy made the call on Wednesday at Nigeria House on the …
U.S. President Donald Trump has paused his threats to impose tariffs on European exports over Greenland, ruling out the use of force and suggesting a deal could resolve the dispute over the Danish territory. Speaking in Davos, Switzerland, Trump said Western Arctic allies could reach a long-term agreement that satisfies U.S. security and mineral interests …
