The Alliance for Economic Research and Ethics Ltd/Gte has faulted the Federal Government’s ₦1 billion Micro, Small, and Medium Enterprises (MSME) awards scheme, describing it as a “lottery dressed as policy” that will do little to solve the real problems facing small businesses in Nigeria. In a statement released on Monday, April 27, the group …
The Federal Government has unveiled a set of financing and procurement reforms aimed at breaking long-standing barriers limiting the growth of women-owned businesses in Nigeria, particularly access to credit, markets, and long-term capital. Speaking at the grand finale of the “Give to Gain” Summit in Abuja to mark the 2026 International Women’s Month, the Minister …
Efforts by Nigeria’s opposition bloc to rally behind a single presidential candidate for the 2027 elections seem to be suffering setbacks, following emerging divisions after the Ibadan summit. Analysts say the developments may favour the ruling All Progressives Congress (APC). While leaders at the meeting signalled a shared resolve to challenge President Bola Ahmed Tinubu, cracks …
The Kogi State Government has confirmed the abduction of 24 children from an orphanage, raising fresh concerns over security in the state. The incident, which occurred in the early hours of Sunday, April 26, 2026, saw armed men storm the facility and take the children to an unknown destination. Confirming the development, the State Commissioner …
The Kano State House of Assembly has confirmed Murtala Sule Garo as the new Deputy Governor of the state. His confirmation followed a screening exercise conducted during plenary presided over by Speaker Jibril Isma’il Falgore. Presenting the committee’s report, Deputy Speaker Muhammad Bello, who chaired the ad hoc panel, said the nomination came after the …
The United States Mission in Nigeria has warned Nigerian travellers against visa overstays and fraudulent practices, noting that such actions could have far-reaching consequences for future applicants. In a statement shared via its X handle on Monday, April 27, the mission stressed that strict compliance with U.S. immigration rules is essential to maintaining fair and …
For the proposed State Police system to function effectively, a constitutionally backed funding structure with guaranteed contributions from both federal and state governments is essential. This formed part of key recommendations by the Prof. Olu Ogunsakin-led Steering Committee on State Police, inaugurated recently by the Inspector-General of Police, Olatunji Disu. According to the report, the …
United Bank for Africa (UBA) Plc delivered a sharply weaker financial performance in 2025, as foreign exchange losses, rising loan impairments, and mounting legal risks combined to erode profit and force a steep cut in shareholder returns. Pinnacle Daily analysis of the bank’s audited results shows that profit before tax for the group fell by …
The Nigerian National Petroleum Company Limited (NNPC) has stated that its crude oil trading has risen to a five-year high of 1.71 million barrels per day (mbd) within the last one year under the watch of its Group Chief Executive, Bayo Ojulari. This is contained in NNPC’s newly released One-Year Mandate Report covering April 2025 to …
The Nigeria Democratic Congress (NDC) has invited Peter Obi and Rabiu Kwankwaso, leading figures in the African Democratic Congress (ADC), to join its platform and contest the 2027 general election. In a post on X on Sunday, the party suggested that the two politicians have a two-week window to defect and secure its presidential ticket. …
