In February 2022, the Nigerian government stood before the world with a bold claim: it had uncovered 96 terrorism financiers, 424 associates, 123 companies, and 33 bureaux de change linked to violent extremist networks tearing the nation apart. The announcement, delivered by then Information Minister, Lai Mohammed, should have shaken the country to its core. …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
Despite reforms aimed at improving the commercial viability of the Nigerian electricity market, the sector continues to reel under the burden of subsidy obligations incurred by the federal government. Pinnacle Daily’s analysis of the Nigerian Electricity Regulatory Commission’s quarterly reports reveals that the federal government has incurred an electricity subsidy obligation of approximately ₦3 trillion …
The hot sun beats down on Nigeria's farmlands, drying up the once fertile soil. Dust sweeps across fields that used to be full of life. Maize plants are broken, cassava tubers are rotting under the intense heat, and rice paddies are dried up, with no water left to help the crops grow. From Niger to …
As the world marks World Food Day 2025 under the theme “Hand in Hand for Better Foods and a Better Future,” Nigeria faces a stark reality. Once renowned for its rich culinary heritage and fertile farmlands, the nation now grapples with import dependency, ultra-processed diets, rising food inflation, and fragile agricultural systems. This is more …
Presidential pardons should attract commendation and relief because they exist to correct miscarriages of justice, where wrongful convictions, weak investigations, or biased judgements rob innocent citizens of their freedom. In contrast, President Bola Ahmed Tinubu’s recent mass pardon of 175 convicts has ignited controversy and raised questions about the moral and political intent behind the …
Across Nigeria’s capital city, the dream of living close to work is fast slipping away. The recent spike in house rents across Abuja has triggered an exodus of residents from central districts to far-flung areas, as landlords adjust their prices in response to inflation, rising building costs and, in some cases, sheer greed. For many, …
Beneath the shadow of Nigeria’s more publicized health battles like HIV and malaria lies a silent but equally deadly epidemic Hepatitis B Virus (HBV). It kills slowly, spreads quietly, and often goes unnoticed until the damage is irreversible. Yet, it is one of the most preventable viral infections in the world. While the country’s public health …
Abuja residents are reeling under the weight of yet another energy crisis, this time, a sharp hike in both fuel and cooking gas prices that has left filling stations deserted, homes dark, and businesses struggling to survive. Over the past week, the cost of cooking gas in the FCT has surged from around ₦1,020 per …
Following Professor Mahmood Yakubu’s formal exit as Chairman of the Independent National Electoral Commission (INEC), a fierce debate has erupted over who will take charge of the electoral body ahead of the 2027 general elections. Yakubu, the 13th INEC boss, was appointed in 2015 and reappointed in 2020, making 10 years of service, the longest-serving …
