Wema Bank Plc's non-performing loans (NPLs) dropped to ₦48.20 billion in 2025 from ₦64.99 billion a year earlier. The bank disclosed this in its unaudited financial statements for the year ended December 31, 2025. An analysis of the bank’s loan book shows that its credit-impaired loans, classified as Stage 3 under IFRS 9, fell to …
The Federal Capital Territory (FCT) Police Command has rescued two suspected “one chance” robbery suspects from being lynched by an irate mob in Abuja, strongly condemning acts of jungle justice and urging residents to report suspected crimes to the authorities. The incident occurred on Thursday, January 29, 2026, at about 11:00 a.m., after the Utako …
Amnesty International Nigeria has raised the alarm over the rising cases of mob violence in the country, revealing that at least 23 people have been killed in recent incidents across different states. The organisation called on the Federal Government to take urgent and decisive action, warning that the trend reflects a dangerous breakdown of law …
FCMB Group Plc posted a net foreign exchange loss of ₦14.06 billion in 2025, reversing a ₦36.47 billion gain recorded a year earlier. The lender disclosed this in its unaudited financial statements for the year ended December 31, 2025, released on Thursday. Pinnacle Daily analysis of the results shows that the reversal was largely driven …
Dangote Petroleum Refinery has reaffirmed its capacity to supply massive volumes of petroleum products, including Premium Motor Spirit (PMS), also known as petrol, Automotive Gas Oil (diesel) and aviation fuel, effectively positioning itself to meet and exceed Nigeria’s total domestic demand. In an update shared on Thursday, January 29, the 650,000-barrel-per-day refinery said it can …
The Nigerian Exchange Limited (NGX) has granted 24 months for Multi-Trex Integrated Foods Plc to comply with the free float requirement. Multi-Trex disclosed this in a statement on Thursday signed by its Secretary, Sogunle Adebisi Adekunle. It said the approval followed its application to the NGX for additional time to meet the prescribed free float …
The Presidential candidate of the Labour Party (LP) Peter Obi, in the 2023 election, says he has never encouraged members of the Obidient movement to insult leaders within the opposition coalition. Obi spoke on Tuesday during an engagement with supporters at the Obidient movement’s secretariat, where he distanced himself from abusive attacks allegedly carried out …
The crisis over Local Government Administration in Osun State intensified on Wednesday as Governor Ademola Adeleke, the state government and the Peoples Democratic Party (PDP) rejected claims by the All Progressives Congress (APC) that its sacked council chairmen still have a legal right to remain in office. In separate statements issued in Osogbo, the PDP …
The Chairman of Akoko-Edo Local Government Area of Edo State, Hon Alabi Bliss Oshionogue, has been removed from office following his impeachment by members of the council’s legislative arm. The impeachment was conveyed in a letter signed on Wednesday by seven councillors, a move that came hours after a scheduled peace meeting between the chairman …
President Bola Tinubu has asked the Senate to amend the Court of Appeal Act to increase the number of justices from 70 to 110, as part of broader efforts to strengthen Nigeria’s appellate justice system and reduce growing pressure on the courts. The proposed amendment also provides for virtual hearings and the establishment of an …
