Nigeria’s economy expanded at a faster pace in the second quarter of this year, with real gross domestic product (GDP) growing by 4.43 per cent year-on-year. However, the underlying performance of the economy’s major sectors points to a slowdown in industrial activity despite stronger growth in agriculture and services. Data released on Monday by the …
PZ Cussons Nigeria Plc staged a dramatic financial recovery in the year ended May 31, 2026, returning to positive equity and a net cash position through asset sales, foreign exchange gains, a major debt waiver from its UK parent, and strong growth in its core businesses. Pinnacle Daily's analysis of the company's audited financial statements …
Former Bayelsa State Governor and ex-Minister of State for Petroleum Resources, Timipre Sylva, has resigned his membership of the All Progressives Congress (APC), accusing the party and the Bola Tinubu administration of abandoning the principles on which the party was founded. Sylva announced his resignation in a letter addressed to the APC chairman in Ward …
Terrorist faction collected 90% of ransom paid nationwide from just eight cases as 7,825 Nigerians were abducted in one year A single faction of Boko Haram collected about ₦7 billion, roughly 90 per cent of all ransom paid in Nigeria in one year, from just eight kidnapping incidents, exposing a dramatic transformation in the …
The Independent National Electoral Commission (INEC) and the Nigeria Democratic Congress (NDC) have clashed over the alleged replacement of the party’s candidates for the 2027 State House of Assembly elections, with the opposition party accusing the electoral body of uploading names it did not nominate. The NDC alleged that several names published by INEC, particularly …
The Joint Admissions and Matriculation Board (JAMB) has extended the deadline for candidates offered admission from 2021 to date to either accept or reject their outstanding admission offers. The Board moved the deadline from Monday, August 31 to Wednesday, September 30, 2026, giving affected candidates an additional month to regularise their admission status. JAMB said …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the mandatory 3% Operating Expenditure (OPEX) contribution by oil and gas companies to Host Communities Development Trusts (HCDTs) is yielding significant dividends—enhancing both peace and crude oil production across oil-producing areas. Speaking during a meeting with the leadership of the Revenue Mobilisation Allocation and Fiscal …
The Nigerian Exchange (NGX) reversed the previous week’s bearish trend, with the All-Share Index (ASI) rising 0.81 per cent to 241,298.47 points as gains in banking, oil and gas and commodity stocks lifted the market. The market capitalisation also increased by 0.84 per cent to ₦155.826 trillion during the four-day trading week ended Friday, August …
The All Progressives Congress (APC) candidate in the August 15 Osun State governorship election, Bola Oyebamiji, has finally accepted the outcome of the election two weeks after the election was held. Oyebamiji, in a statement issued on Saturday, congratulated Governor Ademola Adeleke on his victory, calling on APC members and supporters to close ranks and …
The Federal Government has ruled out negotiations with terrorists, insisting that military defeat remains the only effective response to terrorism and violent extremism. The Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, made the position known in Luanda, Angola, where she spoke with journalists on the sidelines of the 21st Extraordinary Session of the African Union …
