Anambra State Governor, Prof. Chukwuma Soludo, has ordered the closure of the Onitsha Main Market for one week over failure of traders to stop observing sit-at-home on Mondays. Justifying his action, Soludo, in a statement posted on his X handle on Monday, January 26, described the persisting Monday sit-at-home as “economic sabotage.” The governor, who …
The Nigerian National Petroleum Company Limited (NNPCL) has said its collaboration with Chevron Nigeria Limited (CNL), through a joint venture (JV) agreement, is targeted at ramping up oil production to 146,000 barrels per day (bpd) to boost national revenue, energy security and create jobs. The national oil firm stated this while congratulating Chevron Nigeria on …
Twenty-four hours after Nigeria’s national grid collapsed, power generation has rebounded, reaching 4,410 megawatts (MW) as of Saturday evening, checks by Pinnacle Daily reveal. Pinnacle Daily reports that as of 5:00 pm on Saturday, January 24, power generation has recovered, reaching 4,410.54 megawatts (MW). According to the Nigerian Independent System Operator (NISO) GRID performance dashboard, …
The National Power Grid collapsed for the first time in 2026, leaving major parts of Nigeria in total blackout. Checks by Pinnacle Daily on the Nigerian Independent System Operator Dashboard reveal that generation has dropped from a peak of 5,171.30 megawatts (MW) to 47.40MW as at 4:00 pm on Friday, January 23. Out of about …
The Nigerian government has reiterated its warning against charging customers for the installation of electricity meters. Minister of Power Adebayo Adelabu, who declared that meter installation is free of charge, warned that any electricity Distribution company (DisCo) official or installer caught demanding money for meter installations will face public prosecution. The minister gave the warning …
Seplat Energy, an indigenous oil and gas firm, has appointed Heirs Holdings Chairman, Tony Elumelu, as a Non-Executive Director. The appointment follows the resignation of Olivier Cleret De Langavant, which took effect on January 22, 2026. In a statement signed by the Director, Legal/Company Secretary, Edith Onwuchekwa, Seplat said Langavant, who joined the Board as …
After nearly two decades of failing to deliver the second runway for the Nnamdi Azikiwe International Airport (NAIA), Abuja, the Federal Government has stunned members of the public with a fresh ₦10 million allocated to the project in the 2026 budget proposal. This, according to observers and industry stakeholders, has created more uncertainties about the …
Nigeria's Liquefied Petroleum Gas (LPG) sector recorded a historic shift in 2025. For the first time, domestic suppliers provided the vast majority of the country's LPG, also known as cooking gas, with imports falling to less than 20 per cent of the total supply. Data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority …
The indigenous energy firm says plans are underway to supply processed gas to NLNG Seplat Energy PLC, a Nigerian independent energy company, says it has achieved first gas at its 300 million Standard Cubic Feet per day (MMscfd) ANOH gas plant located in the Niger Delta. In a statement released on Tuesday, January …
BUA Cement has restated its move to increase its total production capacity to 20 million metric tonnes per annum (mtpa). This expansion is part of the company’s strategic goal to address Nigeria's infrastructure deficit and lower the cost of cement through increased domestic supply. BUA Chairman Abdul Samad Rabiu said part of the expansion plan …
