The Nigerian stock market is currently heavily controlled by a small group of companies, with just 26 firms, including MTN Nigeria Communications and Dangote Cement, accounting for over 90 per cent of the total value of the Nigerian Exchange (NGX) market capitalisation. Pinnacle Daily analysis of market data from the NGX price list for April …
The Centre for the Promotion of Private Enterprise (CPPE) has welcomed President Bola Ahmed Tinubu’s approval of a 30 per cent discount on airlines’ outstanding debts but warned that the move falls short of addressing the deeper crisis in Nigeria’s aviation sector. In a statement issued on April 26, 2026, CPPE Chief Executive Officer, Dr …
Industry analysts and domestic airline operators have called on the Nigerian government to address the root cause of the aviation fuel price hike to bring relief to operators who have continued to absorb the soaring costs. They argued that while the approval of a 30 per cent discount on outstanding debts owed by domestic …
Every April 25, the world observes World Malaria Day, a global reminder of humanity’s long fight against one of its oldest and most preventable diseases. It is a day that is meant to reflect progress, renew commitments, and push nations to confront one of the most persistent public health challenges in human history. Across continents, …
The Central Bank of Nigeria (CBN) has introduced a new banking policy framework that raises the cost of ATM card issuance while cutting a wide range of other charges, in a move aimed at making financial services cheaper, clearer, and more accessible. It made this known in a circular signed by the Director of Financial …
The Nigeria National Petroleum Company Limited (NNPC) has debunked information currently circulating, which claims that the Company is selling scrap materials, and equipment from its refineries to individuals and private companies. In a statement signed by the NNPC Chief Corporate Communications Officer, Andy Odeh, the national oil firm described the information as “misleading and false”, …
The political contest ahead of the 2027 governorship election in Nasarawa State has intensified following rejection of Governor Abdullahi Sule’s endorsement of Senator Ahmed Aliyu-Wadada and a separate declaration of interest by former Inspector-General of Police, Mohammed Abubakar-Adamu. A group under the Forum of National Youth Presidents and Ethnic Nationalities in Nasarawa State has faulted …
Africa’s leading industrialist, Aliko Dangote, has reiterated his position that true industrialisation of the continent can only be achieved by African investors leading the charge, not foreigners. Dangote argued that the continent must reduce its dependence on foreign investors to achieve sustainable economic growth. Speaking during a presidential panel session at an infrastructure summit in …
Journalists invited to cover the inauguration of the Court Martial for the trial of alleged coup plotters were on Friday barred from the proceedings at the Scorpion Officers’ Mess, the venue of the trial. Confusion began when reporters, were repeatedly moved from one location to another shortly after arriving at the facility. As journalists were …
The Accord Party has dismissed claims of a leadership crisis, insisting that its 2023 presidential candidate, Christopher Imumolen, is no longer a member and cannot lay claim to its national chairmanship. Imumolen had on Tuesday staged a protest at the headquarters of the Independent National Electoral Commission (INEC), demanding to be recognised as the party’s …
