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 …
Nigeria lost N16.2 trillion in oil revenue in the first half of 2025, reflecting a shortfall from the government's revenue targets for that period. According to a report released by the Budget Office on budget performance, N9.32 trillion was generated out of the 25.52 trillion projected for January to June 2025. This means only 36.52 …
In a swift move considered as a measure to avoid a conflict of interest, the newly appointed Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Saidu Aliyu Mohammed, has withdrawn his acceptance of a board seat at Seplat Energy Plc. Pinnacle Daily had reported that President Bola Tinubu, last …
