The Senate has summoned NNPCL’s Group CEO, Bayo Ojulari, to explain why the company has yet to account for N210 trillion flagged in the Auditor-General's 2017–2023 report. Senator Aliyu Wadada, Chair of the Public Accounts Committee, said the Senate is not accusing NNPCL of theft but demanding transparency in line with its oversight mandate. "We …
The federal government could be missing out on over ₦200 billion in annual revenue due to a weak tax on sugar-sweetened beverages (SSBs), according to Corporate Accountability and Public Participation Africa (CAPPA). CAPPA Executive Director Akinbode Oluwafemi made this known during a media roundtable in Abuja, urging the government to raise the current ₦10 per …
The federal government has issued over 3.5 million passports in less than two years while saving more than ₦1 billion annually through strategic reforms in the passport issuance system. Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this on Tuesday during the commissioning of a new passport front office in Abuja. He said the reforms align …
By Sunday Michael Ogwu Nigerians are leaving their jobs in large numbers, unable to keep up with the rising cost of getting to work, even as unemployment rates continue to soar. A recent investigation by Pinnacle Daily reveals that many Nigerians are quitting their jobs because transportation and daily expenses now swallow up most or …
– Prescribes Three-Year Cooling-Off Period for CEOs Transitioning to Chairmen The Securities and Exchange Commission (SEC) has prohibited Independent Directors from transitioning into Executive Director roles within the same company or group. In a circular to public companies and capital market operators titled “Circular to All Public Companies and Capital Market Operators on the Transmutation …
By Sunday Michael Ogwu Nigeria’s electricity sector may be turning a corner—at least on paper—as the Nigerian Electricity Regulatory Commission (NERC) issued a total of 243 licences, permits, and certifications over five consecutive quarters, signalling renewed private sector interest and potential for increased power generation across the country. According to World Bank statistics, 85 million …
By Sunday Michael Ogwu Nigeria is witnessing a sustained and troubling return to cash dominance, with recent data from the Central Bank of Nigeria (CBN) revealing that currency outside the banking system hit ₦4.63 trillion in May 2025, continuing a steady rise that has defined the past two years. The data shows that currency in …
By Sunday Michael Ogwu Customer complaints lodged with electricity distribution companies (DisCos) across Nigeria have fallen by 22.7% over a three-quarter period—from Q2 2024 to Q1 2025—even as persistent issues around metering, billing, and service interruptions remain dominant concerns among consumers. An analysis of official complaint data released by the Nigerian Electricity Regulatory Commission (NERC) …
By Sunday Michael Ogwu The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a major milestone in the ongoing Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project, with the successful crossing of the River Niger—a key engineering challenge that signals steady progress toward project completion by the fourth quarter of 2025. Group Chief Executive Officer of NNPC …
By Sunday Michael Ogwu IMF Urges Nigeria to Curb Spending, Safeguard Fuel Subsidy Savings The International Monetary Fund (IMF) has raised fresh concerns about Nigeria’s 2025 fiscal outlook, warning that without urgent policy adjustments, the country’s budget deficit could exceed projections due to falling oil revenues and limited tax income from non-oil sources. In its …
