Minister of the Federal Capital Territory (FCT), Nyesom Wike, has launched the Light Up Abuja Project to install hybrid solar streetlights across the city and major expressways. Wike said that when he assumed office in August 2023, almost 80 percent of Abuja had no streetlights. He linked the darkness to rising insecurity in the capital. …
Nigeria’s September 2025 bond auction has stunned the markets, recording an eye-watering 530% oversubscription and signalling renewed investor confidence in the country’s debt instruments. Foreign and local investors alike scrambled for a piece of the issuance, with demand reaching ₦1.26 trillion against an offer of just ₦200 billion. Analysts say this level of interest is …
The Central Bank of Nigeria (CBN) has been indicted by the Office of the Auditor-General for the Federation (OAuGF) for failing to remit over ₦4.304 trillion to the Federation Account. According to the 2022 audit report by the OAuGF, the apex bank was listed alongside the Nigerian National Petroleum Company Limited (NNPC Ltd.), the Nigeria …
Former Vice President Atiku Abubakar has accused the ruling All Progressives Congress (APC) of exploiting divisions within the Peoples Democratic Party (PDP) by working with some of its senior members to weaken the opposition. In an interview with BBC Hausa, Atiku said the lingering crisis in the PDP persisted because certain leaders of the party …
As Nigeria celebrated its 65th Independence anniversary on Wednesday, parades, fireworks, and official speeches hailing signs of economic recovery, but residents of the FCT insist the numbers do not reflect their everyday struggles The National Bureau of Statistics (NBS) reported that headline inflation had “slowed modestly”, with food inflation showing its first signs of easing …
As Nigeria’s financial landscape continues to evolve, Union Bank finds itself at the centre of controversy, raising questions about its future as the country moves closer to its recapitalisation deadline. The bank, once a trusted household name in Nigeria's banking sector, is now embroiled in a web of financial and regulatory uncertainties following the takeover …
Gen Z are moving between jobs faster but are filled with ambition. Entering the workforce for the first time is, and always has been, a daunting prospect. But Gen Z – the generation of talent starting out on this journey – are beginning their careers at a time of huge disruption, facing higher competition for …
In a landmark move to promote sustainable growth across West Africa, the ECOWAS Bank for Investment and Development (EBID) has approved a total financing of ₦462,946,500,000 (approximately ₦462.9 billion) or USD 308.631 million during its 93rd Ordinary Session held at the Bank’s headquarters in Lomé, Togo. Taraba state in north-eastern Nigeria, got a total of …
On this monumental day, as we mark Nigeria’s 65th Independence Anniversary, Pinnacle Daily extends heartfelt greetings to all Nigerians, both at home and abroad. This moment is a celebration of our resilience, unity, and unwavering spirit. Over the years, we have faced challenges, yet we continue to rise, driven by hope, pride, and the strength …
Sixty-five years after independence, Nigeria’s hospitals still bear the scars of neglect, leaking roofs, broken equipment, and absent staff. While the nation celebrates its sovereignty, the health system meant to sustain its people remains dangerously fragile. Doctors, union leaders, and health advocates warn that decades of underinvestment, collapsing primary care, and recurrent strikes have left …
