Amid domestic and global economic uncertainties, FCMB Pensions, a subsidiary of FCMB Group Plc, is targeting a N1.2 trillion growth in Assets Under Management (AUM) by the end of December 2025. This ambitious goal reflects the company’s resilience in navigating financial challenges and its commitment to becoming a major player in Nigeria's pension industry. FCMB …
President Bola Ahmed Tinubu has urged Nigerians not to fear about the new tax regime set to begin next year, promising significant benefits for low-income earners, small businesses, and essential sectors. Speaking at the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th posthumous birthday lecture of the late Oyo State governor at the University …
Nigeria recorded ₦12.81 trillion as revenue from crude oil exports in the third quarter (Q3) of 2025. This is according to the National Bureau of Statistics (NBS) Foreign Trade Statistics report for Q3 2025, released last week. The report revealed that crude oil exports accounted for 56.14 per cent of total exports. The NBS data …
President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
The Nigeria National Petroleum Company (NNPC) Limited says its flagship upstream subsidiary, NNPC E&P Limited (NEPL), hit 355,000 barrels per day (bpd) of oil production, its highest daily output since 1989. It said the increased production was achieved on December 1, 2025. In a statement released on Tuesday, the national oil firm said the average …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) emerged as the highest among agencies in revenue remittances into the federation account in October 2025. According to data obtained from the Federation Accounts Allocation Committee (FAAC), out of a total of N2.93 trillion revenue remitted by seven agencies, NUPRC remitted N873.11 billion. This represents 29.8 per cent …
As discussions about Nigeria hitting a $1 trillion economy target by 2030 continue, experts have hinted at the indispensable role of Small and Medium-sized Enterprises (SMEs), in realizing that goal. SMEs, which form the backbone of the economy (contributing nearly 50 per cent to GDP and over 80 per cent to employment), must be at …
Every December, Lagos stops being just a city; it becomes a global carnival ground. From Murtala Muhammed Airport down to Victoria Island, Lekki, and the Mainland, the city pulsates with an energy that comes only once a year. Flights from London, Atlanta, Toronto, Dubai, and Johannesburg arrive full of Nigerians in the diaspora ready to …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
Nigeria's leaders remain focused on macroeconomic stability, fiscal discipline, and a strong growth trajectory as the nation prepares for a 7% GDP growth target by 2027. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, offered a key opportunity for Nigeria’s officials to update investors on …
