The Federal Government has inaugurated a Government-Private Sector (GPS) Dialogue Series aimed at strengthening collaboration with the private sector to accelerate economic growth and expand financing opportunities for Small and Medium-sized Enterprises (SMEs). The initiative, launched on Saturday at the Radisson Blu Hotel in Ikeja, Lagos, forms part of the Renewed Hope Agenda and seeks …
The Securities and Exchange Commission (SEC) has disclosed that Nigerians have lost an estimated N300.2 billion to Ponzi and illegal investment schemes in recent years, sparking intensified enforcement and heightened investor-protection efforts. AbdulRasheed Dan-Abu, Head of Fintech and Innovation at the SEC, revealed the figure during the Commission’s 2025 Journalists Academy in Abuja on Thursday. …
In a sweeping structural reform, Nigeria has effectively abolished its standalone 10% Capital Gains Tax (CGT) and integrated the gains into its new income tax regime, a move that has triggered widespread debate over its potential to stifle investment or modernize tax fairness. Under the newly signed Nigeria Tax Act, 2025, capital gains for individuals …
Abuja residents are reeling under the weight of yet another energy crisis, this time, a sharp hike in both fuel and cooking gas prices that has left filling stations deserted, homes dark, and businesses struggling to survive. Over the past week, the cost of cooking gas in the FCT has surged from around ₦1,020 per …
The Nigeria Export Processing Zones Authority (NEPZA) has reaffirmed that all enterprises operating within the nation’s Free Trade Zones, including the Dangote Refinery are legally barred from industrial strikes and lockouts for a period of 10 years from the start of their operations. The Authority’s Managing Director, Dr. Olufemi Ogunyemi, made this clear in Abuja …
The Nigeria Deposit Insurance Corporation (NDIC) and the Chartered Institute of Bankers of Nigeria (CIBN) have strengthened their collaboration to address emerging risks and challenges within Nigeria’s banking sector. This was made known in a press statement made available to Pinnacle Daily and signed by the Head of Communication and Public Affairs, NDIC, Hawwau Gambo, …
Economist, Professor Bongo Adi, has warned that while data show Nigeria's economy is growing, the citizens with harsh economic conditions that continue to impoverish them. Adi stated this while commenting on the World Bank Report released on Wednesday. According to the report, the World Bank has upgraded Nigeria’s 2025 economic growth forecast to 4.2 per …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
Nigeria’s economy gained significant momentum in 2024, with Vice President Kashim Shettima, representing President Bola Ahmed Tinubu, announcing a rise in the country’s Gross Domestic Product (GDP) to ₦372.8 trillion, up from ₦309.5 trillion the previous year. President Tinubu described the progress as a clear indication that Nigeria’s fiscal and structural reforms are finally beginning …
The Centre for the Promotion of Private Enterprise (CPPE) has issued a policy brief calling for comprehensive reforms to protect the interests of investors and employers in Nigeria. The document, titled Protecting Investors and Employers: A National Policy Imperative, highlights the urgent need for a more balanced and secure business environment that can foster growth, …
