There was a heavy security presence on Tuesday morning at the national secretariat of the Labour Party in Abuja as the acting National Chairman, Senator Nenadi Usman, took over the headquarters from the Julius Abure-led faction. Usman confirmed the development in a telephone interview through her Senior Special Adviser on Media, Ken Asogwa. When our …
The Corporate Accountability and Public Participation Africa (CAPPA) has praised the Federal Government for commissioning Nigeria’s first treatment facility for Polychlorinated Biphenyls (PCBs) in Abuja. CAPPA made this known in a statement on Monday. The facility was established by the Federal Ministry of Environment, in partnership with the Global Environment Facility (GEF) and the United …
The 2025 financial year was marked by cautious lending across the banking sector, despite the Central Bank of Nigeria’s (CBN) decision to reduce the Loan-to-Deposit Ratio (LDR) requirement to 50 per cent. A Pinnacle Daily review of the financial results of major banks shows that while some lenders maintained loans slightly above the regulatory minimum, …
President Bola Tinubu on Monday reaffirmed the importance of the National Economic Council (NEC) as a key institution for strengthening fiscal federalism and economic governance in Nigeria. The President spoke at the second edition of the NEC Conference, themed “Delivering Inclusive Growth and Sustainable National Development: The Renewed National Development Plan 2026–2030,” held at the …
The Bank of Industry (BoI) has secured regulatory approval from the Central Bank of Nigeria (CBN) to operate a Non-Interest Banking (NIB) Window, a move that marks a major milestone in the bank’s growth and long-term development strategy. In a statement, the BOI said the approval allows it to formally commence non-interest banking operations. The …
The Labour Party (LP) presidential candidate in the 2023 election, Peter Obi, on Monday led a protest to the National Assembly Complex in Abuja following the senate’s decision to reject real-time electronic transmission of election results. The protest attracted students, civil society organisations, members of the African Democratic Congress (ADC), and supporters of Obi under …
The Nigerian naira remained stable against the United States dollar on Monday, February 9, 2026. This stability marked the start of the second week of trading in the foreign exchange market. Overall, the currency continued to benefit from consistent policy support and improved market confidence. In the Nigerian Foreign Exchange Market (NFEM), the naira opened …
Competition in Nigeria’s downstream petroleum sector has intensified once more following a drop in the landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, below the ex-depot price offered by the Dangote Petroleum Refinery. The Widening Price Gap According to the Major Energies Marketers Association of Nigeria (MEMAN) Competency Centre Energy Bulletin, …
Suspected Boko Haram and Islamic State West African Province (ISWAP) insurgents have again attacked trucks carrying food supplies to Maiduguri, Borno State. The attack marks a renewed assault on commercial activities along key supply routes. The incident happened on Saturday along the Monguno–Guzamala axis. It occurred between Burmari and Garin Kashim villages in Guzamala Local …
Dangote Refinery has announced plans to begin the local production of surfactants, a key raw material used in the manufacture of detergents and other cleaning products in Nigeria. Surfactants are essential ingredients in household and personal care detergents, commonly used for washing clothes, cleaning surfaces and maintaining personal hygiene. They are produced by refining petroleum …
