Nigeria’s long-standing debate over state policing has gained renewed momentum, as policymakers and security experts intensify discussions on how to decentralise the country’s security architecture to address escalating insecurity across the federation. The proposal, which has been widely discussed for years, now appears to be entering a more active phase under the current administration. President …
Commissioner of Police, FCT Command, Ahmed Muhammed Sanusi, has presented Group Life Assurance, Group Personal Accident, and Family Welfare Support cheques to the families and next of kin of 79 fallen officers. He made the presentation on Thursday, April 2, 2026, at the FCT Police Command Headquarters in Garki II, Abuja. The event formed part …
The Nigerian Naira maintained a relatively stable performance against the United States Dollar on Thursday, April 2, 2026, as improved liquidity and sustained policy support continued to underpin gains recorded at the start of the new quarter. At the Central Bank of Nigeria-regulated Nigerian Foreign Exchange Market (NFEM), the Naira traded at an average of …
Nigeria has exported the first cargo of its newly introduced Cawthorne crude grade, with approximately 950,000 barrels en route to India's Sikka port. A report by Platts, part of S&P Global Energy, said a spokesperson for the Nigerian National Petroleum Company (NNPC) Limited confirmed the development, saying the shipping was done during the weekend following regulatory approvals …
The Nigeria Sovereign Investment Authority (NSIA) has announced a record-breaking financial performance for the 2025 fiscal year, posting a Core Total Comprehensive Income of ₦478.8 billion, the highest since its establishment. The figures were unveiled on Thursday, 2nd April 2026, during the Authority’s 2025 Earnings Presentation and Media Parley held in Abuja, where top management …
DEAP Capital Management & Trust Plc (DEAPCAP) has received an additional ₦2 billion in capital injection from Banklink Africa Private Equities Limited, bringing the total funds received under a ₦6 billion funding commitment to ₦3 billion. DEAPCAP announced this in a notice sent to the Nigerian Exchange Limited (NGX) on Thursday, April 2, 2026. This …
Commercial banks in Nigeria are tilting their lending portfolios in favour of the oil and gas sector, offering more competitive credit terms to energy firms while agriculture and manufacturing continue to face relatively higher borrowing costs. Data released by the Central Bank of Nigeria (CBN) as of March 20, 2026, show that although many lenders …
Despite expanding its balance sheet and growing customer deposits, Guaranty Trust Holding Company (GTCO) saw its bottom-line profits decline sharply in 2025 compared to the previous year. Pinnacle Daily analysis of the bank's 2025 audited financial statement reveals that GTCO suffered higher tax expenses and a plunge in non-interest income, declining its profit. The bank’s …
The African Democratic Congress (ADC) has rejected the decision of the Independent National Electoral Commission (INEC) to withdraw recognition of its leadership, alleging a coordinated attempt by the federal government to destabilise the party. In a statement issued by its spokesperson, Bolaji Abdullahi, the party accused the ruling All Progressives Congress (APC) of mounting pressure …
The Independent National Electoral Commission (INEC) has withdrawn its recognition of the leadership of David Mark as National Chairman of the ADC and Rauf Aregbesola as National Secretary of the party. The electoral umpire said the withdrawal is in obedience to a Court of Appeal judgment. Before this decision, INEC had, on September 9, 2025, …
