Nigeria's Capital Inflows Surge 93.71% to $23.40bn in 2025 as FX Reforms Boost Investor Confidence Portfolio investment dominates inflows; the United Kingdom remains the largest source; outflows also nearly double to $21.12bn. Nigeria's capital importation nearly doubled in 2025, rising by 93.71 per cent to US$23.40 billion, from US$12.08 billion in 2024, according to the …
Nigeria has more adults, more registered voters and better election technology than at any other time in its democratic history. Yet one problem continues to grow quietly with every election cycle: millions of Nigerians no longer believe their votes matter. Ahead of the 2027 general election, the Independent National Electoral Commission (INEC) has registered a …
The Federal Government is designing a new framework to lower the cost of capital for businesses without reintroducing subsidies, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said. Oyedele disclosed this on Thursday in Abuja at the 7th Africa Emerging Markets Forum, describing the initiative as a complement to the Central …
Nigeria’s daily crude oil output faces risk of decline following a declaration of force majeure by Esso Exploration & Production Nigeria Limited, an affiliate of ExxonMobil, on exports from its Erha deepwater field. Esso Exploration & Production Nigeria Limited (EEPNL) declared the force majeure due to unexpected damage to the floating buoy that supports export …
President Bola Tinubu, former President Olusegun Obasanjo, Abia State Governor Alex Otti and other prominent Nigerians have called for stronger national unity, patriotism and selfless service as Abia State commemorated the 60th memorial of Nigeria's first military Head of State, Major General Johnson Aguiyi-Ironsi. The leaders made the call on Wednesday in Umuahia during a …
Presco and Okomu Oil Palm Company delivered another strong operating performance in the first half of 2026; however, higher taxes under Nigeria's new tax regime and strategic balance sheet adjustments reduced their net profits, despite resilient margins, stronger balance sheets, and rising investor confidence. An analysis of the companies' half-year (H1) financial results shows that, …
The Independent National Electoral Commission (INEC) has extended the collection of Permanent Voter Cards (PVCs) in Osun State by one day, giving eligible voters until Friday, July 31, to collect their cards ahead of the August 15 governorship election. INEC Chairman, Joash Amupitan, announced the extension on Wednesday during the Osun Governorship Election Stakeholders' Forum …
The Central Bank of Nigeria (CBN) spent much of 2025 battling rising fraud, growing consumer complaints, weak financial institutions and regulatory breaches, even as it intensified supervision across the financial system. Pinnacle Daily analysis of the CBN 2025 Annual Report shows that while Nigeria's banking sector remained stable overall, several areas of the financial system …
European football leaders oppose proposal, warn World Cup is 'not FIFA's to sell' FIFA President Gianni Infantino has given the football governing body's 211 member associations until September 19 to decide whether to accept a one-off $20 million payment under a proposed investment plan that would see private investors acquire a stake in …
The Dangote Petroleum Refinery has rolled out a bulk petrol supply initiative under its "Vision 2030: Accelerating Africa's Industrialisation" agenda. The scheme combines free direct delivery and a 10-day credit facility for qualified high-volume marketers and commercial distributors. In a post on its X handle, the Dangote Group said the offer is available to marketers …
