The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced completion of the pre-qualification stage of the 2025 Licensing Round and notified successful pre-qualified applicants to bid for 50 Oil blocks offered by the Commission. NUPRC made this known in a statement released on Tuesday, March 17, signed by the Commission’s Head of Media and Strategic …
The Central Bank of Nigeria (CBN) has announced new penalties for banks and cheque printers that fail to follow cheque standards, declaring that offenders could face fines of up to ₦20 million. The new rules were shared in a circular sent on Thursday to deposit money banks (DMBs), cheque printers, and personalisers, according to a …
The Securities and Exchange Commission (SEC) said it is collaborating with the National Orientation Agency (NOA) to intensify public enlightenment campaigns against illegal investment schemes. SEC's Director General, Emomotimi Agama, made this known during a meeting with the NOA Director General, Mallam Lanre Issa-Onilu, in Abuja on Thursday. He lamented that the growing prevalence of …
Dangote Refinery has announced plans to begin the local production of surfactants, a key raw material used in the manufacture of detergents and other cleaning products in Nigeria. Surfactants are essential ingredients in household and personal care detergents, commonly used for washing clothes, cleaning surfaces and maintaining personal hygiene. They are produced by refining petroleum …
Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has reiterated the central role of natural gas in powering Africa's industrial and economic rebirth. Ojulari stated that given Nigeria’s abundance of gas resources (209 trillion cubic feet of proven gas reserves), it has a responsibility to lead the continent out …
The Accord Party in Osun State has confirmed that Governor Ademola Adeleke has been successfully documented and listed as its duly nominated candidate for the August 8, 2026, governorship election. The party disclosed this in a statement issued on Thursday in Osogbo by its chairman, Pastor Victor Akande. Akande said the confirmation followed the completion …
The All Progressives Congress (APC) has dismissed reports suggesting that Vice-President Kashim Shettima may be replaced as President Bola Tinubu’s running mate ahead of the 2027 general election. In a statement issued on Monday, Felix Morka, national publicity secretary of the party, described the reports as “speculative, untrue and utterly baseless”. According to the APC, …
Abia State Governor, Alex Otti, has expressed concern over the low number of votes usually recorded in Aba during elections, saying the figures do not reflect the city’s large adult population. The governor spoke during a church service at St. Paul’s Anglican Church, Abayi Ariaria, Aba, where he urged residents to participate in the ongoing …
Geregu Power PLC posted revenue growth in the 2025 financial year, amid rising debt obligations, amounting to over ₦204 billion, which placed a strain on its balance sheet. This is revealed in the company’s audited financial statement for the year ending December 31, 2025, released on Monday. Pinnacle Daily analysis of the result showed that …
Barrister Njoku Jude Njoku, one of the lawyers representing Nnamdi Kanu, has described the 2023 ruling of the Supreme Court in the case of the Indigenous People of Biafra (IPOB) leader as unconstitutional and a travesty of justice. Speaking to journalists, Njoku faulted the apex court’s decision, which overturned the October 13, 2022 judgment of …
