Foreign company income tax payments outperformed domestic collections in the third quarter of 2025, driving total Company Income Tax (CIT) revenue to ₦2.96 trillion. A review of the Company Income Tax (Q3 2025) report released on Wednesday, March 4, by the National Bureau of Statistics (NBS) has shown. According to the data, of the ₦2.96 …
The Nigerian stock market has gained over ₦24 trillion from January 2, 2026, when the market opened for the year, to February 27, 2026, in the first two months of the year. In this report, Pinnacle Daily chronicles the 30 top-performing stocks that powered the strong rally on the Nigerian Exchange Limited (NGX). In the …
The recent escalation of conflict in the Middle East, involving US-led strikes on Iran and subsequent retaliation, has caused a notable surge in crude oil prices in the global energy markets. The surge in crude oil prices in the international market has caused a hike in the prices of Premium Motor Spirit (PMS), also known …
The Ogun State Government has shut down African Refractory and Allied Products Limited (ARAP), a company that crushes quartz stones into fine powder used in steel furnaces. The closure follows a viral video exposing serious health risks for workers. In the Footage, Bartholomew Aniemeka, a former employee, said he contracted silicosis, a severe lung disease …
Nigeria’s historic $6.1 billion non-oil export performance in 2025 is under pressure as the sharp correction in global cocoa prices in 2026 exposes the risks of relying heavily on raw commodity exports, according to Dele Oye. Oye, Chairman of the Alliance for Economic Research and Ethics, said while the 2025 milestone marked a significant achievement, …
As Security crisis persists amid recurring attacks on communities by bandits and terror groups, security analyst Dr Steven Okwori has raised concerns about the poor responses of the government in tackling the menace. He stated that political promises alone, without serious institutional reforms and proactive actions, will not save lives. In an exclusive interview with …
MTN Nigeria Communications Plc grew its revenue to ₦5.20 trillion in 2025, driven largely by the 50 per cent tariff adjustment approved by the Nigerian Communications Commission (NCC), Pinnacle Daily can report. A review of MTN Nigeria’s 2025 audited financial report shows that the tariff increase implemented across its service offerings was a primary driver …
Nigeria's history is rich with the contributions of journalists, spanning from the pre-independence era to the present day. It is a tale of bold, influential figures who dedicated themselves wholeheartedly to the pursuit of ‘Project Nigeria'. After playing pivotal roles in securing the nation’s independence, these journalists leveraged their platforms and loyal followings to …
Lafarge Africa Plc has cleared all its debts and ended 2025 with more cash than liabilities, marking a major turnaround in its financial position. A review of the cement maker's audited financial statement for the year ended December 31, 2025, by Pinnacle Daily shows that Lafarge Africa reduced its total loans and borrowings from ₦210.7 …
Kogi State Governor Usman Ododo has said the Ajaokuta Economic City will be fully operational by the end of 2026. He made the statement during the historic handover of the licence for the Ajaokuta Free Trade Zone at the Nigeria Export Processing Zones Authority (NEPZA) headquarters in Abuja on Thursday, February 26. Governor Ododo described …
