Lower electricity output dragged Transcorp Group's half-year earnings, while manufacturers such as Unilever Nigeria and Guinness Nigeria returned stronger profit growth as lower foreign exchange losses eased pressure on their bottom lines. Pinnacle Daily can report. Its analysis of the H1 2026 financial results of Transcorp Group, Transcorp Hotels, Unilever Nigeria, Guinness Nigeria, Fidson Healthcare …
The Nigerian Naira maintained a relatively stable performance against the United States Dollar on Thursday, April 2, 2026, as improved liquidity and sustained policy support continued to underpin gains recorded at the start of the new quarter. At the Central Bank of Nigeria-regulated Nigerian Foreign Exchange Market (NFEM), the Naira traded at an average of …
The Central Bank of Nigeria (CBN) has directed that each licensed Bureau de Change (BDC) operator can access up to $150,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. The directive was issued on Tuesday in a circular signed by the CBN’s Director of Trade and Exchange Department, …
The Nigerian naira remained stable against the United States dollar on Monday, February 9, 2026. This stability marked the start of the second week of trading in the foreign exchange market. Overall, the currency continued to benefit from consistent policy support and improved market confidence. In the Nigerian Foreign Exchange Market (NFEM), the naira opened …
Nigeria’s net foreign exchange inflow declined by 18.3 per cent year-on-year to $48.1 billion in the nine months ended September 2025, reflecting weaker capital inflows and persistent pressure on foreign exchange supply. Central Bank of Nigeria (CBN) data showed that the decline was largely driven by a sharper 15 per cent drop in total foreign …
FCMB Group Plc posted a net foreign exchange loss of ₦14.06 billion in 2025, reversing a ₦36.47 billion gain recorded a year earlier. The lender disclosed this in its unaudited financial statements for the year ended December 31, 2025, released on Thursday. Pinnacle Daily analysis of the results shows that the reversal was largely driven …
The U.S. dollar edged higher on Tuesday but struggled to gain momentum as investors focused on Wednesday’s Federal Reserve interest rate decision and stayed alert to possible coordinated currency intervention by U.S. and Japanese authorities. Recent moves in the foreign exchange market have centred on the Japanese yen, which has rallied by as much as …
Unilever Nigeria Plc is grappling with at least six major issues that are shaping its financial stability and business strategy, according to its latest financial disclosures. The challenges include rising costs, currency risks, restructuring efforts, and market concentration, as shown in the company’s unaudited results for the year ended December 31, 2025. It revealed that …
Nigeria’s headline inflation is expected to surge to 31.92 per cent in December 2025, according to United Capital Research. The financial services advisory firm made the projection in its ‘Inflation Watch’ report released on Monday, January 12. The report indicated that the expected surge in headline inflation is expected to be driven largely by statistical …
There are concerns that the crisis in Venezuela presents a significant risk for Nigeria’s 2026 budget and the broader economy. While Venezuela and Nigeria are geographically distant, they are direct competitors in the global oil market. After months of tactical preparations, the United States invaded Venezuela during the weekend. The U.S. military force launched strikes …
