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. …
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 …
