The key messaging from Nigeria’s delegation at the 2025 International Monetary Fund/World Bank annual meeting in Washington DC is that Nigeria's economic reform agenda is yielding tangible results, steering the nation toward stability, inclusiveness, and innovation-driven growth. According to Mr Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN) and the Leader of the …
With a bag of cement selling for about N10,000, blamed on the high cost of production, consumers are left to bear the ultimate burden, findings by Pinnacle Daily have revealed. Although the three giant cement companies in Nigeria, Dangote Cement, BUA Cement, and Lafarge Africa, generate their own electricity, energy costs significantly impact their operations …
Federation allocation to the federal government, states and local council areas (LCAs) declined to N2.103 trillion in September, compared to N2.22 trillion shared in August. The Federation Account Allocation Committee (FAAC) disclosed this on Friday, October 17. It said the allocation was shared at its October meeting, chaired by the Accountant General of the Federation, …
Chairman of Heirs Holdings, Transcorp, and United Bank for Africa, Tony Elumelu in this interview with select journalist attending the International Monetary Fund/World Bank Annual meetings in Washington DC, spoke on a number issues including taking more risk with the pension funds You spoke on digital transformation and its benefits for Africa. What was your …
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), has called for the mobilisation of $4 trillion in domestic capital across Africa to fund large-scale investments in artificial intelligence (AI), energy, and infrastructure. This, he said, is key to a broader strategy of democratising prosperity across the continent. Elumelu made the call …
Nigeria is set to issue $2.3 billion in Eurobonds as part of its strategy to refinance existing debt and boost economic stability, with a GDP growth forecast of 4% for 2025. The Nigeria Investors Forum, which took place on the sidelines of the ongoing International Monetary Fund/World Bank 2025 Annual Meetings in Washington, DC, showcased …
Experts have highlighted innovative revenue models that media platforms must adopt to operate sustainably in the digital age. They gave the highlights on Tuesday, October 15, during the formal launch of ‘Pinnacle Daily’, a flagship news platform powered by Pinnacle Digital Resources Limited. Delivering his keynote titled, ‘The Economics of Media Business: Understanding Revenue Models and …
The Chairman of Pinnacle Digital Resources Limited, Abimbola Adeseyoju, on the unveiling of the flagship service “Pinnacle Daily”, paid a special tribute to the late DIG Ibrahim Lamorde, the pioneer director of Pinnacle. The unveiling took place on Wednesday, October 15, in Abuja, Nigeria. According to Adeseyoju, Pinnacle Daily is an idea that started about …
The number of litigations claimed in monetary terms against Zenith Bank and six other lenders increased to over N4 trillion in the first half (H1) of this year, posing a significant threat to their balance sheets. The other six banks are Sterling Financial Holdings Company, Wema Bank, FCMB Group, Guarantee Trust Holding Company (GTCO), Stanbic …
Across Nigeria’s capital city, the dream of living close to work is fast slipping away. The recent spike in house rents across Abuja has triggered an exodus of residents from central districts to far-flung areas, as landlords adjust their prices in response to inflation, rising building costs and, in some cases, sheer greed. For many, …
