Nigeria's Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has stated that the Gas Exporting Countries Forum (GECF) must remain a formidable bloc to ensure fair pricing, drive investments in the industry, and ultimately protect the interests of developing nations in the global energy transition agenda. Ekpo made the call during his …
MAGGI, a seasoning brand from Nestlé in Nigeria, says it targets production of at least 80,000 metric tonnes of quality soybean grains annually with a Regenerative Agriculture (RegenAg) initiative. The company stated this while announcing the successful completion of its Regenerative Agriculture (RegenAg) pilot for local soybean sourcing in Nigeria. The programme aims to boost …
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said Nigeria currently has the capacity to produce more than two million barrels of crude oil per day and would seek an upward review of the country’s production quota at the next meeting of the Organisation of Petroleum Exporting Countries (OPEC) in November. Currently, Nigeria’s …
Stakeholders and partners have applauded the Net Billing Regulations 2025 proposed by the Nigerian Electricity Regulatory Commission (NERC), stating that it would accelerate the adoption of renewable energy systems across the country. They gave the commendation at the conclusion of public consultation on the Draft Net Billing Regulations on Tuesday, October 21, 2025, at the …
Mineral development expert Dr Femi Salami has highlighted the need for African nations to harness their vast mineral endowments to become a tool for sustainable economic and strategic global power. Dr Salami, who spoke at different fora during the World Bank/International Monetary Fund (IMF) 2025 Annual Meetings in Washington DC, United States, pointed out that …
Despite reforms aimed at improving the commercial viability of the Nigerian electricity market, the sector continues to reel under the burden of subsidy obligations incurred by the federal government. Pinnacle Daily’s analysis of the Nigerian Electricity Regulatory Commission’s quarterly reports reveals that the federal government has incurred an electricity subsidy obligation of approximately ₦3 trillion …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has raised the alarm about fake social media accounts purportedly bearing the name and photo of the Commission’s Chief Executive, Engineer Gbenga Komolafe. In a statement released on Saturday, the NUPRC specifically declared that Engineer Komolafe has no account on X (formerly Twitter), Facebook, Instagram or TikTok …
Central Bank of Nigeria (CBN), Governor, Dr Olayemi Cardoso, has said Nigeria’s economic reforms are yielding significant benefits and positioning the country firmly on the path to stability, inclusiveness, and innovation-driven growth. Cardoso said the economic reforms such as the removal of fuel subsidies, foreign exchange overhaul and policies aimed at boosting fiscal strength, have …
Experts have highlighted innovative revenue models that media platforms must adopt to operate sustainably in the digital age. They gave the highlights on Tuesday, October 15, during the formal launch of ‘Pinnacle Daily’, a flagship news platform powered by Pinnacle Digital Resources Limited. Delivering his keynote titled, ‘The Economics of Media Business: Understanding Revenue Models and …
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has taken a final investment decision (FID) on a new $2 billion gas project in offshore HI Field, in OML 144. The investment was done in partnership with Sunlink Energies and Resources Limited. The HI project is part of a joint venture …
