The Nigeria Civil Aviation Authority (NCAA) has announced that it has temporarily suspended its earlier decision to halt services to 11 airlines over outstanding debts. Pinnacle Daily reports that the NCAA had, in an internal memo dated May 22, directed the placement of 11 domestic airlines on a “No-Pay-No-Service” list. The directive required all NCAA …
Nigeria has continued to record shortfalls in crude oil production output, reaching 31.6 million barrels in the first four months of 2026, according to a Pinnacle Daily analysis of data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Production Below Budget Targets The NUPRC data revealed a persistent gap between projected and actual oil …
Nigeria’s downstream petroleum sector has again come into the spotlight following the legal action instituted by Dangote Petroleum Refinery against the issuance of fuel import licences and the mixed reactions it has generated among marketers. The development has sparked intense debate across the energy sector, with stakeholders sharply divided over its implications for competition, local …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised the alarm over fraudulent social media accounts impersonating its Chief Executive, Mrs. Oritsemeyiwa Eyesan. The Commission, in a statement issued on Thursday, May 21, by the Head, Corporate Communications and Media, Eniola Akinkuotu, said there are currently 15 such fake accounts across social media platforms (X, …
Nigerian airlines have raised their minimum airfares to as high as ₦200,000 for one-way domestic tickets as the persistent hike in aviation fuel, also known as Jet A1, continues to affect operations. Routes such as Lagos–Abuja, Lagos–Port Harcourt, and Lagos–Enugu now commonly exceed ₦200,000 for one-way economy tickets on several carriers. The high cost of …
Dangote Petroleum Refinery and Petrochemicals is set to go to the capital market with its initial public offering (IPO) in September, driven by overwhelming investor demand. President of the Dangote Group, Aliko Dangote, who confirmed this on Wednesday, May 20, said investor demand has reached $2 billion for the planned private placement, reflecting massive market …
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has stepped up its implementation of the Host Community Development Trust (HCDT) framework with the launch of a new digital portal designed to enhance transparency and accountability. The initiative, established under the Petroleum Industry Act (PIA) of 2021, was officially unveiled on Wednesday during a stakeholder …
Dangote Industries Limited has kicked off preliminary preparations for its proposed Deep Seaport at the Olokola Free Trade Zone in Ogun State. This major step forward follows successful engagements and endorsements from traditional rulers and host communities across Ogun and Ondo states, positioning the project to become a dominant maritime logistics hub in West Africa. …
In a strategic move to boost investor confidence and streamline operations across Nigeria’s energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have reaffirmed their commitment to a unified regulatory approach. The commitment was solidified during a high-level meeting at the NUPRC headquarters in Abuja, …
Lagos State has announced an ambitious plan to transform its electricity sector, aiming to deliver 24-hour power supply and achieve 100 per cent metering of customers. The goal is to end the recurring power blackouts and position Lagos as a leading subnational electricity market in Africa. Pinnacle Daily reports that following the enactment of the …
