The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has received a notice of withdrawal of petition against the immediate past Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Aliko Dangote. The Commission said notice of withdrawal of the petition was submitted by legal counsel to Alhaji …
Analysts at CardinalStone project that Nigeria’s average crude oil output will rise to 1.75 million barrels per day (bpd) up from 1.67 million bpd in 2025. This was contained in their 2026 Macroeconomic Outlook titled “Indicators Align for Sustained Macro Gains,” released on Tuesday, January 6. It said the projection is supported by a sustained …
Former lawmaker, Senator Magnus Abe, has applauded President Bola Tinubu for nominating him as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Senator Abe, who expressed profound gratitude to the President for the appointment, said his love and support for Tinubu was not based on expectations of reward, but on the …
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 …
