President Bola Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The requests followed the sudden resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials …
The majority shareholders of Premier Paints Plc are set to sell a 51 per cent stake to Xenergi Limited. The paint maker announced the ownership change in a statement to the investing public on Tuesday. Premier Paints Plc is a Nigeria‑based paint manufacturer established in 1982 and headquartered in Ifo, Ogun State. It produces decorative, …
Nigerians are demanding lawmakers' action to extend debate on contract staffing in banks to other sectors where the issue is also of critical concern. Their reactions followed a bill seeking to regulate the employment of staff by Nigerian banks, which has passed the second reading at the House of Representatives. They want any attempt by …
In a move that significantly redraws the map of global mobility, United States President Donald Trump has announced a major expansion of U.S. entry restrictions, targeting nationals from 24 countries, including Nigeria. The decision, framed as a national security imperative, deepens Washington’s hardened immigration posture and signals a new era of selective access to the …
The Debt Management Office (DMO) has urged state governments to follow the Fiscal Responsibility Act and other borrowing laws. It warned that loans taken outside the legal framework could weaken fiscal stability at the sub-national level. The Director-General of the DMO, Ms. Patience Oniha, delivered the message on Tuesday in Abuja. She spoke at a …
Tax MoU: The Only Mistake France Made Was Codifying Our Requests for Assistance – Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Professor Taiwo Oyedele, has stated that the only error committed by France in the landmark Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation and advancing the digital transformation …
As Governor Ademola Adeleke settles into the Accord Party after abruptly leaving the Peoples Democratic Party (PDP), the central political question in Osun State is whether the governor can secure a second term on the platform of a smaller political party. Pinnacle Daily examines the road ahead, drawing on historical precedents, recent political manoeuvres, and …
In the first three quarters of 2025, the Nigerian Exchange (NGX) has shown remarkable resilience, marked by an overall positive performance despite challenges posed by global economic uncertainties and local inflationary pressures. The NGX All-Share Index recorded a notable growth of 8.5% year-to-date, reflecting strong earnings reports from key sectors, including telecommunications, banking, and energy. …
As the festive season approaches, Nigerians travelling to various parts of the country are trapped, clearly facing a difficult choice between paying high airfares or risking dangerous road travel. Nigerian roads have become increasingly unsafe due to the spate of kidnapping and armed robbery. While highway armed robbers often launch random attacks, kidnappers target the …
Nigeria’s external reserves have witnessed a surge in recent times, reaching a seven-year high of $46.7 billion as of November 14. According to the Central Bank of Nigeria (CBN), the figure can provide 10.3 months of import cover in goods and services. The CBN Governor, Olayemi Cardoso, hinted at this at the 20th Anniversary of …
