Access Holdings Plc crossed a major milestone in 2025, posting over ₦1 trillion in profit before tax, but the strong performance came with growing pressure from regulatory fines, legal disputes, and rising costs. A review of the group’s audited results shows gross earnings rose to ₦5.53 trillion, while profit after tax climbed to ₦743 billion. …
Nigeria’s external reserves posted a steady decline through April 2026, shedding close to $1 billion over the month. The development could heighten pressure on the foreign exchange market despite the country’s still robust reserve position, Pinnacle Daily can report. According to data from the Central Bank of Nigeria (CBN), gross external reserves fell consistently day …
Nigeria ranks lowest in the world for life expectancy, sitting at 217th out of 217 countries and territories, according to World Bank Open Data. The country’s life expectancy stands at 54.462 years, making it also the lowest among Africa’s 54 economies and underscoring a deep and persistent public health crisis. Global, African Rankings Paint Grim …
Nigeria’s economic activity slipped into contraction in April 2026, as rising global tensions and weakening demand slowed business performance across key sectors, according to the Central Bank of Nigeria (CBN). The CBN's latest Purchasing Managers’ Index (PMI) report showed the composite index fell to 49.4 points, dropping below the 50-point mark that separates growth from …
Residents of some parts of Lagos have been grappling with power outages in the last 48 hours following the shut down of the Egbin Power Station. The facility, located in the Ikorodu area of Lagos has an installed capacity of 1,3000 megawatts and supplies significant power to the national grid. According to a statement released …
As Nigeria marks International Workers’ Day 2026, Corporate Accountability and Public Participation Africa (CAPPA) has warned that worsening living conditions are pushing workers to the brink, calling on governments at all levels to take urgent and practical steps to address the crisis. In a statement issued Thursday, CAPPA said this year’s May Day comes at …
The Federal Executive Council (FEC) has approved a comprehensive settlement ending the 20-year concession dispute with Bi-Courtney Aviation Services Limited over the Murtala Muhammed Airport Terminal Two (MM2) in Lagos. Minister of Aviation and Aerospace Development, Festus Keyamo, announced the resolution on Thursday, April 30, detailing the agreement reached with Bi-Courtney's leader, Wale Babalakin. The …
President Bola Ahmed Tinubu has nominated Mr. Joseph Olasunkanmi Tegbe as Nigeria’s new Minister of Power, pending his confirmation by the Senate. The nomination was officially transmitted to the upper legislative chamber in line with constitutional requirements. The appointment fills the vacancy left by former Minister Adebayo Adelabu, who resigned recently to join the governorship …
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has been unveiled as one of Africa’s top aviation leaders. The unveiling was done during a special session at the IATA Focus Africa Conference organised by the International Air Transport Association in Addis Ababa, Ethiopia. IATA’s Regional Vice President for Africa and the Middle East, Kamil …
NESCAFÉ, Nestlé Nigeria’s coffee brand, has launched its nationwide ‘Next Level Promo’, a three-month initiative designed to reward Nigerian consumers with over ₦80 million in cash and career-boosting prizes. Running from April through June 2026, the campaign aims to provide more than just a caffeine kick; it’s offering the tools for consumers to take their …
