The Nigerian Exchange Limited (NGX) has granted 24 months for Multi-Trex Integrated Foods Plc to comply with the free float requirement. Multi-Trex disclosed this in a statement on Thursday signed by its Secretary, Sogunle Adebisi Adekunle. It said the approval followed its application to the NGX for additional time to meet the prescribed free float …
Kaduna, Edo, Katsina, Sokoto and Lagos emerged as the five Nigerian states with the sharpest rise in public debt over the past decade, according to a review of BudgIT’s latest ‘State of States’ report. An analysis by Pinnacle Daily shows that the debt profiles of these states expanded rapidly between 2015 and 2024, reflecting widening …
DataPro, a leading Data Protection Compliance Organisation (DPCO) in Nigeria, has projected that 2026 will be a defining year in the country’s data protection evolution. The organisation made this projection in a statement issued on Wednesday to announce its upcoming week-long programme themed ‘Privacy in the Age of Emerging Technologies: Trust, Ethics, and Innovation’. According …
The federal government says Nigeria and Turkey will establish a joint economy and trade committee to boost bilateral trade to $5 billion. President Bola Tinubu departed Abuja on Monday for a state visit to Turkey. In a statement, Bayo Onanuga, presidential spokesperson, said Turkish President Recep Tayyip Erdogan reaffirmed Ankara’s commitment to expanding trade during …
Unilever Nigeria Plc is grappling with at least six major issues that are shaping its financial stability and business strategy, according to its latest financial disclosures. The challenges include rising costs, currency risks, restructuring efforts, and market concentration, as shown in the company’s unaudited results for the year ended December 31, 2025. It revealed that …
The Nigerian stock market recorded its first weekly decline in 2026, as investors lost about N394 billion amid sustained profit-taking. The All-Share Index (ASI) fell by 0.37 per cent week-on-week to close at 165,512.18 points, reflecting weaker investor sentiment. Market capitalisation also declined by 0.37 per cent to N105.96 trillion, from N106.35 trillion in the …
Many roads across Nigeria, including federal highways, remain in poor condition despite trillions of naira allocated each year for road projects. These roads are meant to link regions, support trade, and drive economic activity, but years of neglect have made travel difficult, unsafe, and costly. In a post shared on his X handle on December …
By Chidi Anselm Odinkalu “The term of office of judges, their independence, security, adequate remuneration, conditions of service, pensions and the age of retirement shall be adequately secured by law.” Principle 11, United Nations Basic Principles on the Independence of the Judiciary, (1985) Babajide Candide-Johnson became a judge of the High Court of Lagos …
Several overlooked stocks emerged as major drivers of Nigeria’s stock market in 2025, delivering unexpectedly strong performances. The forces behind their gains may shape future investment decisions and signal patterns investors should watch. Pinnacle Daily reported that the stock market delivered a robust 51.19 per cent year-to-date return and a ₦36.62 trillion gain for investors. …
The Federal Ministry of Works will receive the largest funding for projects and operations under the 2026 Appropriation Bill. The Pinnacle Daily review of the 2026 proposed budget has shown. Others in the category are the Federal Ministry of Defence, the Ministry of Education, the Ministry of Health, and the Ministry of Agriculture and Food …
