Nigeria's currency came under renewed pressure in the just-concluded week as the naira lost ground against the dollar at the official window, despite sustained interventions by the Central Bank of Nigeria (CBN), aimed at stabilising the foreign exchange (FX) market. A review of market data for the first week of November reveals that the naira …
The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
Thomas Wyatt Nigeria Plc and Premier Paints Plc are among the bottom 10 stocks on the Nigerian stock market struggling to maintain compliance with the post-listing requirements on the Nigerian Exchange Limited (NGX), checks by Pinnacle Daily have shown. Analysts see this non-compliance with post-listing requirements as negatively affecting companies' overall performance and eroding investors' …
Nigeria, often called the Giant of Africa, is a nation of extraordinary cultural diversity. With over 250 ethnic groups, the country’s festivals are vivid windows into its history, traditions, and communal life. From age-old spiritual rites to contemporary cultural extravaganzas, Nigerian festivals celebrate identity, community, and heritage. Here is an exclusive guide to 31 of …
The Abuja Electricity Distribution Company (AEDC) has embarked on a mass retrenchment of staff in major restructuring of the company. In a statement released by the company on Friday, November 7, the Abuja DisCo said the restructuring exercise is in line with the company's transformation strategy aimed at delivering improved services to customers and enhancing …
The European Union (EU) on Friday announced new restrictions on visas for Russian nationals, citing rising security concerns nearly four years into the war in Ukraine. EU foreign affairs chief, Kaja Kallas, said the bloc would no longer issue multiple-entry visas to Russians, stressing that it was unjustifiable for citizens of a country waging war …
The National Drug Law Enforcement Agency (NDLEA) has secured the conviction of five members of international organised criminal groups involved in high-profile drug trafficking through Nigeria’s busiest airport, the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. The suspects, arrested for smuggling 68.9 kilograms of cocaine and tramadol, were handed a combined 21 years imprisonment by …
Nigeria has recorded 176 deaths from Lassa fever so far in 2025, according to the latest situation report from the Nigeria Centre for Disease Control and Prevention (NCDC). The update, covering Epidemiological Week 43, revealed that the Case Fatality Rate (CFR) has risen to 18.4 per cent, compared to 16.6 per cent during the same …
The Public and Private Development Centre (PPDC) has secured the release of more than 60 convicted detainees after paying fines totaling over ₦5 million, as part of its efforts to decongest correctional facilities across several Nigerian states. PPDC’s Chief Executive Officer, Lucy Abagi, disclosed this during the 2025 Access to Justice Parley in Abuja, themed …
The Association of Licensed Auctioneers of Nigeria (ALAN) has accused the Nigeria Customs Service (NCS) of secretly disposing of seized goods and containers, in violation of auction and financial regulations governing public asset management. Speaking in Abuja, the President of the Association, Musa Kurra, said the Customs Service has abandoned due process and transparency in …
