President Bola Ahmed Tinubu has approved a final six-month tenure extension for the Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, extending his stay in office until February 2027. The approval comes as Adeniyi’s first tenure extension was due to expire on August 1, 2026. The Presidency said the latest extension is intended to …
After months of intense campaigns, the people of Ekiti State are set to go to the polls on Saturday, June 20, 2026, to elect another leader who will steer the ship of the state for the next four years. Ekiti, located in the South West geo-political zone, is one of the eight states across the …
Nigerian financial holding companies may need to raise billions of naira under the proposed new Central Bank of Nigeria (CBN) rules. A report released by Comercio Partners on Friday, June 19, shows that Access Holdings, GTCO and First Holdco face the largest capital shortfalls. The investment research firm stated that the CBN's June 10, 2026, …
From highways and gas pipelines to student loans, digital skills and agricultural reforms, a look at how the Renewed Hope Agenda is attempting to transform governance into measurable outcomes. As Nigerians commemorate Democracy Day, a fundamental question dominates conversations across homes, markets, campuses and workplaces: Are government reforms making a difference in the lives of …
The Federal Government has issued guidelines for the transition from repealed tax laws to the new Tax Acts 2025. The Federal Ministry of Finance made this known in a statement on Thursday. It said the guidelines provide direction to taxpayers, tax practitioners, revenue agencies and other stakeholders on implementing the new tax framework. It also …
The average daily supply of Automotive Gas Oil (AGO), commonly known as diesel, rose by 84.3 per cent to 18.8 million litres per day (ML/D) in May from 10.2 ML/D in April 2026. According to the latest data released by the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA), there was zero import of diesel as …
The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion as May 2026 revenue allocation to the Federal, state, and local government councils. This was supported by a sharp rise in statutory revenue despite a decline in value-added tax (VAT) collections. The allocation was announced after the June 2026 FAAC meeting in Abuja, according to …
The International Press Centre (IPC) and the Centre for Media and Society have partnered with the Ekiti State Police Command to protect journalists covering Saturday’s governorship election in the state. The groups also urged journalists deployed for the election to remain professional, non-partisan and safety-conscious while carrying out their duties across the 16 local government …
FirstHoldCo Plc said it has completed a ₦45 billion private placement to strengthen FirstBank’s capital base and support its growth plans. It announced this in a statement seen by Pinnacle Daily on Thursday. According to the parent company of First Bank of Nigeria Limited (FirstBank), it had secured all approvals from the Central Bank of …
The Africa Social Impact Summit (ASIS) has mobilised more than $1 billion in funding for sustainable development projects across Africa, with organisers now projecting an additional $500 million in investment commitments at its upcoming 2026 edition. The announcement was made in Abuja by the Chief Executive Officer of Sterling One Foundation, Olapeju Ibekwe, during a …
