Average daily supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, rose to 5,040 metric tons per day (mt/d) in June 2026 even as retail prices remain high above ₦2,000 per kilogramme. According to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), this reflects an 18.3 percent …
The United States has countered a declaration by Iran’s Islamic Revolutionary Guard Corps (IRGC) that the Strait of Hormuz has been closed to commercial maritime traffic. Pinnacle Daily reports that Iran on Saturday, announced it was closing the vital shipping route again, claiming the U.S. and Israel have violated the ceasefire deal contained in a …
In a bid to champion transparency and reinforce the collective responsibility of food safety, MAGGI, a culinary brand of Nestlé Nigeria, has conducted a series of immersive engagements across its value chain aimed at deepening stakeholder understanding of its production processes, from raw ingredients to the consumer's table. The initiative, which was part of the …
United Nigeria Airlines has expanded its fleet with the addition of two new Boeing 737-800NG aircraft at Murtala Muhammed Airport Terminal 2 (MM2) in Lagos. The two aircraft have been officially named in honour of two prominent Nigerian figures: the late literature icon, Prof. Chinua Achebe and His Royal Majesty, Igwe Nnaemeka Achebe, the Obi …
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called for a reduction in petrol prices to reflect the recent drop in global crude oil costs. Brent crude oil fell to about $78 per barrel. This followed a ceasefire agreement between the U.S. and Iran, which is expected to normalize oil exports through …
After months of intense campaigns, the people of Ekiti State are set to go to the polls on Saturday, June 20, 2026, to elect another leader who will steer the ship of the state for the next four years. Ekiti, located in the South West geo-political zone, is one of the eight states across the …
The average daily supply of Automotive Gas Oil (AGO), commonly known as diesel, rose by 84.3 per cent to 18.8 million litres per day (ML/D) in May from 10.2 ML/D in April 2026. According to the latest data released by the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA), there was zero import of diesel as …
The recent drop in global crude oil prices has triggered a fresh wave of competition in Nigeria’s downstream petroleum market, as Dangote Petroleum Refinery and other major marketers have announced lower prices for Premium Motor Spirit (PMS), commonly known as petrol. The sudden drop in global crude prices below $80 per barrel, primarily driven by …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have strengthened partnership to enhance transparency, accountability, and efficiency in revenue collection across the nation’s oil and gas sector. The collaboration comes at a critical juncture as Nigeria’s upstream sector shows clear signs of recovery, with the government pushing toward a sustained …
The state regulators warn that the 2026 Electricity Bill threatens multi-billion-naira investments Electricity regulators from 16 states in Nigeria have opposed an ongoing move by the National Assembly to amend the1999 Constitution and the Electricity Act 2023, especially in the area of control of the electricity markets across the states. The state regulators accused …
