Pinnacle Daily Editor Mr Sunday Michael Ogwu was attacked on Wednesday evening by police officers from the Lugbe Division in Abuja. Narrating his ordeal to a Pinnacle Daily reporter, Mr Ogwu said he was coming back from exercise after returning from the day’s work and stumbled on a demolition exercise being carried out by Lugbe …
Dangote Petroleum Refinery has expanded its free petrol delivery scheme to four additional states as of August 2026, bringing the total to 10 locations nationwide. States now Covered The scheme now includes the original six locations—Lagos, Ogun, Rivers, Kaduna, Delta, and the FCT (Abuja)—and has added Kano, Imo, Anambra, and Nasarawa. The company stated that …
In what is being hailed as a pivotal moment for the continent's financial markets, the Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured a $1 billion underwriting programme to support its planned initial public offering (IPO). The landmark deal is structured to facilitate significant ownership of the refinery by investors from Africa and the Caribbean, …
The Nigerian Electricity Regulatory Commission (NERC) has tasked the newly constituted Interim Board of Special Directors of Kaduna Electricity Distribution Plc (KAEDC) with implementing immediate operational interventions to reset the utility firm and steer it back toward sustainable growth within 12 months. The directive was issued on Monday, August 17, 2026, by NERC Chairman, Dr. …
The Federal Government, through the Minister of Aviation and Aerospace Development, Festus Keyamo, has formally requested the International Air Transport Association (IATA) to review the existing three-letter location code “QRW” assigned to Osubi Airport in Delta State, with a view to adopting a code that more accurately reflects the airport’s official name and geographical identity. …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is actively consulting with industry stakeholders on a proposed domestic crude oil and gas swap mechanism designed to reduce costs and enhance product availability across the country. Commission Chief Executive Mrs Oritsemeyiwa Eyesan revealed the initiative on Thursday during a courtesy visit to the Nigerian Midstream …
Aradel Holdings Plc has announced plans to commence production of Premium Motor Spirit (PMS), also known as petrol at its modular refinery located in Rivers State in 2027. The move is driven by the deregulation of Nigeria's downstream petroleum market in recent years under the current administration. According to an interview published by Bloomberg on …
Nestlé Nigeria has marked the fifth anniversary and 10th edition of its Empowering Rural Women Initiative with expansion into Zaria, Kaduna State, where 50 women retailers have received practical business training and product grants. The event brings the total number of women entrepreneurs supported since the programme’s inception in 2021 to 482. Before the Zaria …
The National Insurance Commission (NAICOM) has concluded Nigeria's insurance industry recapitalisation exercise, clearing an additional seven companies and bringing the total number of compliant firms to 50. This was confirmed in a statement released by NAICOM on Thursday, August 13. The statement contains a list of seven more companies that have met the new minimum …
The Federal Government has reached an agreement with aviation sector unions and airline operators, granting domestic airlines flexible repayment plans for their outstanding debts to aviation agencies. The resolution also affirms that workers are free to join unions without interference by management of airlines. These were the key outcomes of an emergency stakeholders' meeting convened …
