In the shifting landscape of Nigeria’s investment economy, a silent revolution is underway. It is not powered by oil rigs or government budgets but by data, digital innovation, and private capital that are redefining how Nigerian startups grow, scale, and survive. For the first time in decades, private equity (PE) and venture capital (VC) have …
In a landmark judgement, the United Kingdom’s Supreme Court has dismissed the appeal of Process & Industrial Developments (P&ID), effectively ending its decade-long legal battle to secure a colossal $11 billion in damages from the Nigerian government. In the judgement delivered on Wednesday, October 22, 2025, the UK Supreme Court affirmed that the P&ID must …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Friday assured residents that the FCT Administration (FCTA) is taking all necessary measures to protect them amid ongoing disputes surrounding Rivers Park Estate in Lugbe. Speaking during his monthly press briefing in Abuja, Wike emphasised that the administration would not succumb to blackmail while …
Jaiz Bank Plc has received an upgraded credit rating to A- (long-term) and A1 (short-term), both with a stable outlook. Agusto & Co. Limited, Nigeria’s foremost credit rating agency, upgraded Jaiz Bank’s rating, the bank announced in a statement seen by Pinnacle Daily on Friday, October 24. Jaiz Bank, a pioneer non-interest bank, similarly received …
Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed has congratulated the Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo and Managing Director of Nigeria Liquefied Natural Gas Limited (NLNG), Dr Philip Mshelbila, on their appointments at the Gas Exporting Countries Forum (GECF). While Ekpo emerged …
Nigeria's Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has stated that the Gas Exporting Countries Forum (GECF) must remain a formidable bloc to ensure fair pricing, drive investments in the industry, and ultimately protect the interests of developing nations in the global energy transition agenda. Ekpo made the call during his …
Nigeria’s Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate, has declared that solving Nigeria’s health crisis is not a matter of technical capacity but political will, calling on state governors, development partners, and the media to take shared responsibility in driving real change. Speaking at a High-Level Health Media Dialogue held in …
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has disclosed that under his leadership, the Commission has made unprecedented progress in the fight against economic and financial crimes in the last two years by recovering over N566 billion alongside other foreign currencies and assets. He made this disclosure in Abuja on Thursday, …
Nigeria’s drive toward full financial inclusion has entered a defining phase, one where digital identity, smart regulation, and data-led innovation will determine who gets left behind in Africa’s largest economy. At the Semafor “Next 3 Billion Tour” held in Abuja this week, Minister of State for Finance, Dr Doris Uzoka-Anite, announced that the Federal …
The Nigeria Police Force has explained that the arrest of activist and politician Omoyele Sowore was to ensure fairness in the prosecution of those involved in Monday’s protest in Abuja. Force Public Relations Officer Benjamin Hundeyin disclosed this on Thursday while addressing journalists in Abuja. He said Sowore, who allegedly led protesters into a restricted …
