Amid rising speculations over the future of Vice President Kashim Shettima in the 2027 presidential ticket, APC leader and former lawmaker Hon. Farouk Adamu has dismissed talks of a rift within the ruling party. In an exclusive interview with Pinnacle Daily, Hon. Adamu said there is no division between President Bola Tinubu and Vice President …
For decades, the Nigerian Customs Service (NCS) served as a crucial public window into the nation’s trade pulse. Researchers, business owners, and investors could visit its website to access a wealth of trade statistics, import and export volumes, commodity breakdowns, trade route patterns, and details of Nigeria’s major trading partners. Today, that window is almost …
Nigeria's significant decline in Foreign Direct Investment (FDI) is a pressing economic issue, reflecting deep-seated structural weaknesses and investor apprehensions. The latest Capital Importation report released by the National Bureau of Statistics reveals that Foreign Direct Investments into Nigeria fell sharply by 70.06 per cent quarter on quarter to $126.29 million in the first quarter …
By Esther Ososanya Nigeria's job market is increasingly testing the resilience of graduates and young professionals, with new reports highlighting three growing challenges: fake job adverts, unfair employment processes, and the infamous “experience trap.” In an exclusive interview with Pinnacle Daily, finance assistant administrative officer Bashir Ibrahim, tech entrepreneur Fred Johnson, and workplace commentator Olumuyiwa …
By Esther Ososanya Abuja’s gleaming roads, bridges, and urban upgrades under FCT Minister Nyesom Wike are now overshadowed by a severe waste management crisis, drawing concern from residents and top presidential aides. Tope Fasua, the Special Adviser to the President on Economic Affairs, warns that fly-tipping and unchecked refuse dumps are threatening the capital’s progress. …
By Rafiyat Sadiq The African Democratic Congress (ADC) has urged the Federal Government to suspend its plan to increase the salaries of political office holders, describing the proposal as insensitive to the economic realities confronting Nigerians. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is currently reviewing the remuneration of the President, Vice President, governors, …
By Victor Ezeja While economic theory says a drop in money supply could lead to a reduction in inflation, experts have, however, argued that such may not be the case in Nigeria’s situation. The relationship between Nigeria's money supply and inflation is said to be a complex one. Recent Declines in Money Supply Amid Economic …
By Victor Ezeja Prepaid meter deployment in Nigeria has been hampered by high costs, systemic corruption, and inefficiencies, leaving millions of consumers at the mercy of an arbitrary and exploitative estimated billing system. Since the privatisation of the power sector more than a decade ago, the Federal Government has continued to adopt measures to close …
By Victor Ezeja Despite recording a notable decline in inflation rate, there are concerns that persistent structural issues in the Nigerian economy pose a threat to the gains made. The headline inflation rate has dropped from 34.80 per cent in December 2024 to 21.88 per cent in July 2025, according to official statistics released by the National Bureau of Statistics (NBS). According …
US public records obtained by West Africa Weekly have revealed that Nigeria’s Federal Capital Territory (FCT) Minister, Nyesom Wike, secretly acquired a $2 million Florida mansion in March, registering it under the names of his children, Joaquin, Jazmyne, and Jordan, and his wife, Justice Eberechi Wike. Records further showed that Justice Wike is a registered member of …
