The Nigerian stock market recorded its first weekly decline in 2026, as investors lost about N394 billion amid sustained profit-taking. The All-Share Index (ASI) fell by 0.37 per cent week-on-week to close at 165,512.18 points, reflecting weaker investor sentiment. Market capitalisation also declined by 0.37 per cent to N105.96 trillion, from N106.35 trillion in the …
Twenty-four hours after Nigeria’s national grid collapsed, power generation has rebounded, reaching 4,410 megawatts (MW) as of Saturday evening, checks by Pinnacle Daily reveal. Pinnacle Daily reports that as of 5:00 pm on Saturday, January 24, power generation has recovered, reaching 4,410.54 megawatts (MW). According to the Nigerian Independent System Operator (NISO) GRID performance dashboard, …
The minority caucus of the House of Representatives says it has found “illegal” changes in the published copies of the tax reform laws. In a statement on Friday, Afam Ogene, who heads a seven-member committee set up to investigate the issue, reportedly said a review of the laws showed that different versions are circulating. Ogene …
Several overlooked stocks emerged as major drivers of Nigeria’s stock market in 2025, delivering unexpectedly strong performances. The forces behind their gains may shape future investment decisions and signal patterns investors should watch. Pinnacle Daily reported that the stock market delivered a robust 51.19 per cent year-to-date return and a ₦36.62 trillion gain for investors. …
The National Judicial Council (NJC) has recommended 14 lawyers to President Bola Tinubu for appointment as judges of the Federal High Court. The decision was taken at the Council’s 110th meeting, which held on January 13 and 14, 2026. The NJC, chaired by the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, said the lawyers …
President Bola Tinubu has reiterated that Rivers State Governor, Siminalayi Fubara, remains the leader of the All Progressives Congress (APC) in the state. The position was conveyed through the President’s Special Adviser on Policy Communication, Daniel Bwala. The clarification comes amid the impeachment proceedings against Fubara being pushed by members of the Rivers State House …
The African Export-Import Bank (Afreximbank) has announced the termination of its credit rating relationship with Fitch Ratings, following an internal review of the engagement. The bank made the decision public on Friday, January 23. It explained that the move was informed by concerns that the credit rating exercise no longer reflects an adequate understanding of …
The National Power Grid collapsed for the first time in 2026, leaving major parts of Nigeria in total blackout. Checks by Pinnacle Daily on the Nigerian Independent System Operator Dashboard reveal that generation has dropped from a peak of 5,171.30 megawatts (MW) to 47.40MW as at 4:00 pm on Friday, January 23. Out of about …
The Nigerian government has reiterated its warning against charging customers for the installation of electricity meters. Minister of Power Adebayo Adelabu, who declared that meter installation is free of charge, warned that any electricity Distribution company (DisCo) official or installer caught demanding money for meter installations will face public prosecution. The minister gave the warning …
President Bola Tinubu has approved the deployment of four ambassadors-designate to key diplomatic missions in the United States, United Kingdom, France and Turkey. The approvals are part of the postings of 68 ambassadors-designate earlier confirmed by the Senate in December 2025. According to the postings, Ayodele Oke has been named ambassador-designate to France, while Lateef …
