The Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) with a ₦34.33 trillion revenue target. The council approved the MTEF during its meeting on Wednesday, December 3, at the State House, Abuja, presided over by President Bola Tinubu. The Minister of Budget and Economic Planning, Atiku Bagudu, made this known to journalists. He …
Dangote Petroleum Refinery and major oil marketers have set new lower prices for Premium Motor Spirit (PMS), commonly known as petrol, amid rising competition in the downstream market. Pinnacle Daily’s checks showed a slight drop in petrol prices at various depots by major importers and the Dangote Refinery. The price adjustment comes after a drop …
The Independent National Electoral Commission (INEC) has announced that the first phase of the physical continuous voter registration (CVR) exercise in Yobe State will end on December 10. The state Resident Electoral Commissioner (REC), Alhaji Ibrahim Abdullahi, disclosed this in a statement issued on Wednesday in Damaturu. He said the preliminary register of voters will …
Nigeria’s headline inflation is expected to drop to 15.48 per cent in November but to spike over 30 per cent in December. United Capital Research forecasts this in its ‘Inflation Watch’ report released on Wednesday, November 3. The anticipated moderation will be driven by a slight reduction in the prices of selected food items and …
Nigeria’s business landscape continued its remarkable recovery in November 2025, posting its 11th consecutive month of expansion and reinforcing expectations of a stronger finish to the year. The latest Business Confidence Monitor (BCM) released by the Nigerian Economic Summit Group (NESG) shows that business confidence climbed marginally to 113.3 points, up from 111.3 points in …
The African Petroleum Regulators Forum (AFRIPERF) has adopted Nigeria as its official headquarters. The Forum also elected Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), as the chairman. Before the ratification of the appointment, Komolafe had served as interim chairman of AFRIPERF. According to a statement by NUPRC on Wednesday, the …
The Edo State House of Assembly has summoned the member representing Egor Constituency, Hon. Natasha Irobosa, to appear before its Ethics and Privileges Committee within one week. The invitation, announced during Wednesday’s plenary in Benin City, follows allegations of misconduct linked to a viral video involving the lawmaker. Speaker Blessing Agbebaku said the committee is …
Wema Bank Plc may emerge as the best-performing banking stock in 2025 on the Nigerian Exchange Limited (NGX). A review of the NGX stock market data by Pinnacle Daily, from the beginning of the year to the end of November, points in this direction. It shows Wema Bank as the only bank that has crossed the …
For many Nigerians, gold has always been a symbol of wealth, beauty and tradition. But in 2025, it is becoming much more than that; it is now rising as one of the most preferred alternative investment assets for Nigerians looking to protect their money from inflation, currency weakness and economic uncertainty. Global data from the …
Rivers State Governor, Siminalayi Fubara, has yielded to mounting pressure from the State House of Assembly led by Martins Amaewhule following concerns raised about the condition of public schools in the state. The Assembly, during its sitting last week Thursday, criticised the deteriorating state of primary and secondary schools, expressing dissatisfaction with what members described …
