As the key driver of economic development, Nigeria’s energy sector has, over the years, been influenced by events, policies and actions. Nigeria's energy sector in 2026 faces several significant events, all testing whether recent reforms can translate into tangible improvements in oil and gas production, power supply, and investments in other subsectors. The major issues …
Dangote Petroleum Refinery has debunked a report circulating in sections of the media claiming that the refinery is shutting down due to maintenance issues. In a statement released on Monday, the refinery management described the reports as “false and misleading” and accused fuel importers of deliberately sponsoring such fabrication because they felt their commercial interests …
Reactions have trailed President Bola Tinubu’s approval for the major write-off of debts owed by the Nigerian National Petroleum Company (NNPC) Limited to the Federation Account, clearing over 90% of legacy obligations up to the end of 2024. A report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) presented during the November 2025 Federation Account …
The Nigerian National Petroleum Company (NNPC) Limited has opened the bidding process to sell stakes in several of its oil and gas assets. This move is part of a broader strategy to optimize its portfolio, raise much-needed capital, and attract fresh investment into Nigeria's energy sector. A Reuters report on Monday, December 29, said NNPC …
World-renowned boxer Anthony Joshua, was involved in a road accident on Lagos-Ibadan Expressway in Ogun State that claimed two lives on Monday, December 29. This was confirmed in a statement issued by Olusegun Ogungbemide, Assistant Corps Marshal Corps Public Education Officer FRSC. The statement said the incident involved two vehicles: a black Lexus Jeep with …
One year after the Nigeria National Petroleum Company (NNPC) Limited declared the resumption of the Port Harcourt and Warri refineries, both facilities are currently shut down, fuelling intense public backlash and scrutiny. Despite multi-billion-dollar investments and celebratory commissioning ceremonies held in late 2024, the state-owned refineries have largely failed to sustain operations. Pinnacle Daily recalls …
As Christians all over the world celebrate Christmas in commemoration of the birth of Jesus Christ, Nigeria’s President, Bola Tinubu, has reaffirmed his commitment to promoting religious freedom and protecting people of different faiths in the country from violence. In his 2025 Christmas Goodwill Message, President Tinubu noted that the season reminds the people of …
Not less than 12 persons sustained various degrees of injuries in the fire incident that razed a 22-storey building on Lagos Island on Christmas Eve. In a statement released on December 25, the director general of LASEMA, Damilola Oke-Osanyintolu, said seven adult males sustained various degrees of burn injuries and received medical attention from the …
When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …
The newly appointed Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has formally assumed office, promising to implement robust reforms to boost activities in the upstream oil and gas sector in the country. Eyesan, who assumed office on Tuesday, December 23, pledged to work in line with the mandate of …
