Aviation industry stakeholders have expressed concerns about the implications of the proposed additional security levy imposed on international travelers flying into or out of Nigeria. The additional $11.50 charge on passengers’ tickets for the Advance Passenger Information System (APIS) is set to take effect on December 1, 2025. For a round trip, this translates to …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has cautioned Nigeria and other countries recently removed from the Financial Action Task Force (FATF) grey list against complacency, urging them to sustain their reforms and strengthen anti-money laundering and counter-terrorist financing frameworks. GIABA Director General, Mr Edwin W. Harris Jr, gave the warning …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
The Federal Government has urged United States President Donald Trump to approach Nigeria’s security situation with understanding and caution, following his recent claim that Christians were facing genocide in the country. Minister of Information and National Orientation Mohammed Idris made the appeal during a press briefing in Abuja on Wednesday, days after Trump threatened possible …
With the successful subscription of the $2.35 billion Eurobond issuance, which was oversubscribed by $10.65 billion, Nigeria's public debt is expected to rise by $34.63 billion on average, Pinnacle Daily can report. The nation’s Debt Management Office (DMO) on Wednesday, November 5, disclosed that Nigeria had returned to the international capital market to raise a …
The Senate has disclosed that about $303 billion in proceeds from stolen crude oil transactions, both local and international, have remained unaccounted for over the years. This revelation followed the presentation of an interim report by the Senate Ad Hoc Committee on Crude Oil Theft and Related Sabotage in the Niger Delta. Presenting the report, …
Bank of America (BofA) has raised its return target as part of a new strategy to close the gap with Wall Street leaders. CEO Brian Moynihan announced the plan at the bank’s first investor day since 2011, signalling a renewed push to improve performance and capture more market share. BofA now aims to deliver a …
Suspended Deputy Commissioner of Police, Abba Kyari, on Wednesday, told the Federal High Court in Abuja that his late father left behind more than 20 houses for his children in Maiduguri, the Borno State capital. Kyari made the revelation while being cross-examined by counsel to the National Drug Law Enforcement Agency (NDLEA), Mr. Sunday Joseph, …
The internal crisis rocking the Peoples Democratic Party (PDP), one of Nigeria’s foremost opposition parties, has deepened following a ruling by the Federal High Court in Abuja, which stopped the party from proceeding with its planned national convention scheduled for November 15 and 16, 2025, in Ibadan, Oyo State, pending further notice. The PDP’s national …
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have introduced tough new measures to force employers into complying with pension and insurance laws. Both regulators now require insurance companies to only work with employers that comply with pension deductions and employee life insurance contributions. In a joint circular issued on Wednesday, PenCom …
