Nigeria’s economy showed signs of improving stability in the first quarter of 2026, but rising costs, geopolitical tensions and political risks could undermine progress in the months ahead, the Centre for the Promotion of Private Enterprise (CPPE) has said. In a policy brief issued on Sunday, April 5, its Chief Executive Officer, Dr Muda Yusuf, …
President Bola Tinubu has approved a ₦3.3 trillion payment plan to finally settle legacy debts in Nigeria's power sector. The payment plan approval was given under the Presidential Power Sector Financial Reforms Programme. A statement signed by the presidential spokesperson, Bayo Onanuga, on Sunday, April 5, described the approval as a “full and final settlement” …
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to work towards increasing Nigeria’s crude oil production to a 2 million barrels per day (mbpd) target. The minister made the call during a meeting with the NUPRC Chief Executive, Mrs. Oritsemeyiwa Eyesan, at the Federal …
As anticipation builds across continents and football fever intensifies, the world counts down to the most expansive edition of the global game’s biggest stage—the 2026 FIFA World Cup. The tournament runs from June 11 to July 19, 2026, and will be jointly hosted by the United States, Canada, and Mexico, marking a historic first for …
A tragic social media post by the Delta State Police Public Relations Officer, SP Bright Edafe, has once again exposed a deadly but growing trend among Nigerian youths: the misuse of prescription drugs driven by misinformation, peer pressure, and a dangerous obsession with body image. At the center of the incident is a 15-year-old boy …
FG Moves to Centralise Revenue Collection, Retains Technical Oversight with the Solid Minerals Ministry The Federal Government has handed over the collection of mineral royalties from mining operators nationwide to the Nigeria Revenue Service (NRS), in a major policy shift aimed at strengthening revenue administration under the new tax laws. The Ministry of Solid …
Panic swept through Jikwoyi Phase 1 on Friday morning after a three-storey building under construction collapsed and trapped workers under heavy debris. In a statement, FCT Police Command spokesperson, SP Josephine Adeh, said the Command received a distress call around 9:00 a.m. and immediately deployed emergency teams to the scene. It said the Commissioner of …
A chieftain of the All Progressives Congress, Farouk Aliyu, has dismissed allegations that the ruling party is working with the Independent National Electoral Commission to weaken opposition parties ahead of the 2027 general elections. Aliyu, who spoke during an interview on Arise Television’s morning programme on Thursday, said the APC had no involvement in the …
Wema Bank Plc incurred a ₦32 million cybersecurity penalty and recorded ₦847.6 million in losses from fraud and forgery in 2025, Pinnacle Daily can report. An analysis of the bank’s audited financial statements for the year ended December 31, 2025, revealed this, underscoring heightened operational and compliance risks during the year. It shows that the …
President Bola Tinubu has assured families of victims of Sunday’s deadly attack in Jos, Plateau State, that efforts are underway to prevent a recurrence. The attack, which left at least 28 people dead and 22 others injured, has drawn widespread condemnation across the country. Tinubu gave the assurance on Thursday during a visit to Jos, …
