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The Independent National Electoral Commission (INEC) has withdrawn its recognition of the leadership of David Mark as National Chairman of the ADC and Rauf Aregbesola as National Secretary of the party.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, …
President Bola Tinubu has appointed Professor Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF). Professor Aliyu replaces Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State. President Tinubu has also renewed the appointment of Engineer Sule Ahmed Abdulaziz as the Managing Director/Chief …
CPI, MRA, CJID, others, urge Tinubu to improve on media freedom ahead of the 2027 election A coalition of Nigerian and international press freedom organisations have criticised comments attributed to Nigeria’s Vice President, Kashim Shettima, claiming that no journalist has been harassed in the past three years since President Bola Tinubu assumed office. The …
When former Kano State governor and leader of the Kwankwasiyya Movement, Senator Rabiu Musa Kwankwaso, formally registered with the African Democratic Congress (ADC) on Monday at Gidan Kwankwasiyya, Miller Road, Bompai, Kano, the scene appeared to many as just another political defection. But behind the crowded ceremony lies a complex web of political calculations, personal …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared that the country's total oil and condensate reserves stand at 37.01 billion barrels as of January 1, 2026, with a reserve life index of 59 years. This means that at the current production level, the oil reserves are expected to last for 59 years. In a statement …
The Pension Fund Operators Association of Nigeria (PenOp) has appointed Anthonia Ifeanyi Okoro as its new Chief Executive Officer. Okoro succeeds Oguche Agudah, who led the association for six years. Her appointment took effect from March 30, 2026, as the body seeks to strengthen strategic leadership in the country’s pension industry. Announcing the appointment, PenOp …
The Federal Government says more than 840,000 foreigners are currently staying in Nigeria with expired visas. Minister of Interior, Olubunmi Tunji-Ojo, disclosed this on Tuesday in a televised interview. He said Nigeria’s upgraded immigration system revealed the figures. According to him, officials recorded about 840,290 foreigners across the country who have overstayed. Tunji-Ojo stressed that …
NNPC has increased crude oil allocations to the Dangote Refinery to seven cargoes for May 2026, up from the five cargoes supplied in previous months. A Reuters report said two trade sources and a refinery official made the disclosure on Tuesday. The increase was in response to record-high fuel prices in Nigeria and significant supply disruptions …
