Nigeria is losing as much as ₦7 trillion every year to insecurity, a burden that is weighing heavily on the economy, weakening growth, and pushing up prices, according to a recent publication by the Central Bank of Nigeria (CBN). The report, titled Bullion Vol. 50, No. 1 (January – March 2026), released recently by CBN, …
The United Nations Secretary-General, António Guterres, has expressed deep concern over the growing level of impunity for crimes against journalists, revealing that about 85 per cent of such cases are neither investigated nor punished. Guterres made this known in a message marking World Press Freedom Day, observed annually on May 3 to highlight the importance …
The Nigerian stock market delivered a powerful performance in April 2026, with investors adding nearly ₦27 trillion in value in just one month as strong corporate earnings and a global energy shock drove widespread buying across key sectors. At the heart of the rally was a sharp rise in market capitalisation, which climbed from ₦129.21 …
By Samuel Aruwan While travelling between Kaduna, Jos and Kafanchan on Saturday, April 25, 2026, where I spent the night, I followed developments in Mali closely. My keen interest in the unfolding events was shaped by my background as a student of conflict-sensitive reporting, which has taught me to pay attention not only to attacks …
Shareholders of Guarantee Trust Holding Company Plc (GTCO) have approved a total cash dividend of ₦466.38 billion for the 2025 financial year, marking one of the highest payouts in Nigeria’s banking sector. At the company’s Annual General Meeting, shareholders endorsed a final dividend of ₦11.76 per share, in addition to an interim dividend of ₦1 …
In kitchens, restaurants, and street food stalls across Nigeria, a quiet danger is being consumed daily, one that has no immediate symptoms but deadly long-term consequences. From seasoning cubes to bread and processed snacks, excessive salt intake is fast becoming a major public health concern, fuelling a surge in non-communicable diseases and placing millions of …
The Nigerian National Petroleum Company Limited (NNPC) has stated that its crude oil trading has risen to a five-year high of 1.71 million barrels per day (mbd) within the last one year under the watch of its Group Chief Executive, Bayo Ojulari. This is contained in NNPC’s newly released One-Year Mandate Report covering April 2025 to …
The Nigerian stock market is currently heavily controlled by a small group of companies, with just 26 firms, including MTN Nigeria Communications and Dangote Cement, accounting for over 90 per cent of the total value of the Nigerian Exchange (NGX) market capitalisation. Pinnacle Daily analysis of market data from the NGX price list for April …
Industry analysts and domestic airline operators have called on the Nigerian government to address the root cause of the aviation fuel price hike to bring relief to operators who have continued to absorb the soaring costs. They argued that while the approval of a 30 per cent discount on outstanding debts owed by domestic …
The Central Bank of Nigeria (CBN) has introduced a new money market benchmark, known as the Nigerian Overnight Financing Rate (NOFR). The move, announced on April 17, 2026, by the CBN, in collaboration with the Financial Markets Dealers Association (FMDA), aims to improve transparency and strengthen confidence in the financial system. It is designed to …
