The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Mr Taiwo Oyedele, has said Nigeria would have collapsed economically if President Bola Ahmed Tinubu had not embarked on the key economic reforms around subsidies and the floating of the naira. Oyedele, who made the claims while speaking at the Interactive …
In its quest to strengthen investor confidence in Nigeria's oil and gas sector and boost production, the federal government has slashed the signature bonus by 90 per cent from about $100 million to $10 million. This is as it targets 2.5 million barrels per day by 2027. Chief Executive of the Nigeria Upstream Petroleum Regulatory …
The Alliance for Economic Research and Ethics (AERE) Ltd/Gte has commended the inclusion of Nigeria on the FTSE Russell Watch List for potential reclassification as a Frontier Market, describing the development as a landmark moment in Nigeria’s economic recovery and global reintegration. In a statement signed by the Chairman of AERE, the 22nd President of …
Seven deposit money banks reported a 33.14 per cent increase in AMCON Levy to N404.71 billion in the first half of the year, compared to N303.98 billion recorded by the banks in the same period in 2024. A review of the half-year financial statements of the banks revealed this; Pinnacle Daily can report. This comes …
...Ex-NFF boss urges players to give their best against Lesotho, backs team to qualify for 2026 World Cup Former Nigeria Football Federation (NFF) President and FIFA Vice Chairman for Men’s National Teams Competitions, Amaju Pinnick, has charged the Super Eagles to show patriotism, discipline, and total commitment when they face Lesotho in Friday’s 2026 …
The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has called on labour unions not to undertake actions that undermine the Dangote Petroleum Refinery, noting that it is a strategic investment in the oil and gas sector that the country can’t afford to watch being sabotaged by those seeking to advance selfish interests. Ubani, who …
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 …
Following Professor Mahmood Yakubu’s formal exit as Chairman of the Independent National Electoral Commission (INEC), a fierce debate has erupted over who will take charge of the electoral body ahead of the 2027 general elections. Yakubu, the 13th INEC boss, was appointed in 2015 and reappointed in 2020, making 10 years of service, the longest-serving …
Electronic payment transactions in Nigeria surged to N384 trillion in July this year, rising by 37.14 per cent from N280 trillion in August 2024. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, disclosed this at the ongoing Nigeria Fintech Week 2025, which started on Tuesday, October 7, and is being held in …
