Rather than raising taxes, Nigeria is reshaping its revenue mobilisation strategy to widen the tax base and improve the efficiency of tax collection. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, reiterated this at the BusinessDay 14th Annual CEO Forum in Lagos, describing the approach as key to sustaining long-term economic …
The Nigerian Exchange Limited (NGX) ended the week of July 17 on a mixed note, with a strong rally in banking stocks cushioning losses in the broader market as industrial counters weighed heavily on performance. Although the All-Share Index (ASI) slipped 0.14 per cent to close at 243,462.13 points, investors' wealth increased as market capitalisation …
The Nigerian Correctional Service (NCoS) has called for a stronger focus on rehabilitation, empathy and professional intervention in addressing substance misuse, warning against the continued stigmatisation and criminalisation of persons affected by substance-use disorders. The call was made in Abuja during a two-day capacity-building training organised by the Hope Gilead Recovery Foundation (HGRF), in partnership …
In a major diplomatic move to combat rising continental tensions, Nigeria and Ghana have agreed to jointly spearhead a campaign against Afrophobic protests across Africa. The agreement was reached during a bilateral meeting between Nigeria’s Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, and Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa, on Friday, …
The Commission charges new PPL licence winners to drive Nigeria's 3 million bpd production target The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has charged the latest recipients of Petroleum Prospecting Licences (PPLs) to develop the assets quickly or face the risk of forfeiture under the "drill or drop" provisions of the Petroleum Industry Act …
Chief of Staff to the President, Femi Gbajabiamila, has filed a N15 billion defamation suit against Prince Adeniyi Adeyemi, the self-acclaimed Director-General of the Presidential Foreign Investment Promotion Council (PFIPC), over allegations that he demanded a 48 per cent kickback from a purported N27.3 billion take-off grant for the agency. The suit, filed before the …
The Federal Government has arraigned three men before the Federal High Court in Abuja over the abduction of schoolchildren and teachers in Oriire Local Government Area of Oyo State. The defendants, identified as Abdulrazak Umar, also known as Abu Khalifa or Abu Khalid; Yunusa Musa, also known as Yunusa bin Musa; and Shamsu Adamu Sani, …
The last hymn had barely faded from her mind as Miss Chinwe Okorie stepped out of the commercial tricycle that Sunday evening of June 28, 2026. The young graduate, who works with an insurance company in Lagos, had spent the day worshipping at church, grateful for the refreshing rainfall that had cooled the city's sweltering …
As Millions of Nigerians Struggle With Rising Food Prices, Rent and School Fees, a Pinnacle Daily Investigation Reveals the Sectors Quietly Profiting From the Crisis At dawn, traders at Abuja's Utako Market begin arranging tomatoes, peppers, and onions that now cost nearly twice what they did a few years ago. Across town, a civil servant …
Residents flee as suspected armed herders attack Ankpechi community along the Otukpo-Oweto-Abuja Road Suspected armed herders have again attacked a community in Benue State, leaving one person injured and looting several shops in the latest wave of violence to hit the state. The attackers reportedly stormed Ankpechi community in Oglewu Ward, along the Otukpo-Oweto-Abuja …
