Nigeria’s capital market has grown from a modest market dominated by government securities at independence into a multi-trillion-naira financial ecosystem with equities market capitalisation now exceeding N163 trillion, Prof Uche Uwaleke has said. Uwaleke, Director of the Nasarawa State University Institute of Capital Market Studies and President of the Capital Market Academics of Nigeria, gave …
Egbin Power has sustained its host-community scholarship programme for 11 consecutive years, earning fresh commendation from community leaders who say the initiative is helping more young people gain access to quality education and pursue academic excellence. The recognition came at the 11th edition of the scholarship award ceremony held at the Egbin Power Clubhouse Auditorium, …
The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has decried the worsening insecurity, poverty and economic hardship confronting Nigerians, saying more than 140 million citizens are living in poverty. Obi made the remarks in his Independence Day message to Nigerians on Thursday, marking the country’s 66th anniversary of independence. In his message …
Jordan Wike, son of Federal Capital Territory (FCT) Minister Nyesom Wike, has denied receiving $2.1 million from businessman Safwan Garba in connection with a failed real estate venture in Abuja. Jordan made the denial on Wednesday while appearing before the FCT High Court, presided over by Justice Sylvanus Oriji, as proceedings continued in a suit …
Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has accused President Bola Tinubu’s administration of deepening Nigeria’s cost-of-living crisis, saying the government’s economic reforms have imposed severe hardship on households without delivering the promised relief. Atiku made the assertion in his State of the Nation Address to mark Nigeria’s 66th Independence …
A chieftain of the African Democratic Congress (ADC), Dele Momodu, has faulted President Bola Tinubu’s Independence Day address, describing the removal of petrol subsidy as a “misadventure” and accusing the administration of worsening economic hardship. Momodu, in a statement reacting to the President’s October 1, 2026 speech, said Tinubu’s address, which was expected to be …
Deobanks could mark the next stage of financial innovation by changing the underlying infrastructure that moves money and digital value, rather than simply offering another financial application. This is the view of Maksym Sakharov, chief executive officer (CEO) and Co-Founder at WeFi.co. Sakharov made the argument in an op-ed shared with Pinnacle Daily recently, saying …
The Saturday Editor of ThisDay Newspaper, Dr Obinna Chima, has called for sustained capacity building for financial journalists to enable them navigate the rapid transformation of Nigeria’s financial system and strengthen public confidence in the sector. Chima made the call on Wednesday in Abuja at the 38th Seminar for Finance Correspondents and Business Editors, with …
President Bola Ahmed Tinubu has returned to Nigeria after a month-long stay in Europe, dismissing concerns about his health and saying he was ready to resume work. Tinubu arrived at the Presidential Wing of the Murtala Muhammed International Airport, Lagos, on Tuesday evening after spending several weeks in London and Paris. He was received by …
The Society of Public Interest Lawyers in Nigeria (SPI-LAW) has petitioned the Legal Practitioners Disciplinary Committee (LPDC) to initiate disciplinary proceedings against former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, over alleged professional misconduct linked to the Mambilla hydropower project. The group filed the petition on Monday, accusing Malami of “professional misconduct …
