Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
For millions of Nigerian families already grappling with rising food prices, transportation costs, and electricity challenges, the latest surge in the price of cooking gas has added another layer of hardship. Recent data released by the National Bureau of Statistics (NBS) confirmed that the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas …
Top regulators, bank chiefs and fintech founders gathered in Abuja on Monday with a shared mission and a shared warning. Nigeria's payment system is world-class. But millions are still locked out. Here is the plan to change that and the hard questions nobody is dodging. By the time the panellists took their seats at the …
When a market woman in Onitsha taps her phone to collect payment for a bag of tomatoes, she probably does not think about monetary policy or digital ecosystems. She thinks about whether the transfer will work, how long it will take, and whether she will be charged a fee that eats into her already-thin margins. …
The Central Bank of Nigeria (CBN) on Monday unveiled the Nigerian Payment System Vision 2028 (PSV 2028), a strategic framework designed to transform the country's digital payments landscape, as top officials made clear that the real test of the vision lies not in its ambition but in its delivery. Speaking at the launch held at …
Africa's youth population is growing faster than anywhere else in the world. Yet behind falling unemployment figures lies a troubling reality: millions of young people are trapped in low-paying, informal jobs that offer little hope of escaping poverty. As another 132 million youths prepare to enter the labour market by 2030, experts warn that the …
Nigeria's economy remains on a gradual recovery path despite lingering structural weaknesses that continue to limit the impact of growth on businesses and households, the Centre for the Promotion of Private Enterprise (CPPE) has said. Reacting to the first quarter 2026 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS), the …
A new report by the Alliance for Economic Research and Ethics (AERE) has revealed that Nigerian banks are allocating just one per cent of total credit to small and medium enterprises (SMEs). This is despite the sector contributing 50 per cent of the country’s Gross Domestic Product (GDP) and employing 80 per cent of the …
The Nigerian stock market extended its bullish run in May 2026, with investors gaining approximately ₦4.52 trillion as strong performances in industrial, insurance, and banking stocks lifted key market indicators despite weakening market breadth. Data from the Nigerian Exchange (NGX) showed that the All-Share Index (ASI) rose by 3.35 per cent during the month, climbing …
Fidelity Bank Plc posted a sharp increase in impairment charges on financial assets in the first quarter (Q1) of 2026, as rising macroeconomic pressures and higher provisions for other assets weakened profitability despite strong growth in earnings and foreign exchange gains. An analysis of the bank’s financial results released on Monday shows that impairment charges …
