Electricity Distribution Companies (DisCos) across Nigeria have continued to grapple with load shedding across their franchise areas following a sharp drop in available power generation on the national grid. Power generation plummeted to low levels around 800 megawatts (MW) before slightly recovering. Real-time data from the Nigerian Independent System Operator (NISO) grid performance dashboard showed …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a deadline to 31 companies that won bids for 37 oil and gas blocks in the 2025 Licensing Round, warning that failure to pay signature bonuses on time will result in the immediate forfeiture of their provisional awards. In an official compliance update, the regulator confirmed …
At a recent meeting with the board and management of the Nigerian Exchange Group (NGX) on August 7, President Bola Tinubu promised that the Nigerian National Petroleum Company Limited (NNPC) would be reformed and listed on the Nigerian Exchange, reviving decade-old talks about taking the national oil company to the capital market. For years, the …
A coalition of 30 civil society organisations and media houses has petitioned the Inspector-General of Police (IGP), Tunji Ditsu, demanding a thorough investigation into the brutal assault of Pinnacle Daily Editor, Mr Sunday Michael Ogwu, by police officers in the Federal Capital Territory. The Coalition for Whistleblowers Protection and Press Freedom (CWPPF), condemned the attack …
The Dangote Petroleum Refinery has increased prices for both Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (diesel), following a surge in global crude oil prices above $93 per barrel. The refinery raised its gantry price by ₦20 per litre, from ₦1,165 to ₦1,185 per litre. This represents a partial reversal of a …
A new executive order signed by President Bola Tinubu is set to unlock an additional one million barrels per day (mbpd) of crude oil and condensate from Nigeria’s deep offshore fields, alongside $50 billion in investments, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Engineer Enorense Amadasu, NUPRC’s Executive Commissioner for Development and Production, …
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. …
