The recent escalation of conflict in the Middle East, involving the US, Israel, and Iran, has highlighted the vulnerability of Nigeria to global energy shocks despite being a major oil producer, as fuel prices. The conflict has once again highlighted a significant paradox in the Nigerian economy: while a rise in global crude prices (now …
IEA Warns of historic supply shock as Middle East refineries, oil terminals face persistent attacks The Middle East energy landscape, long considered a major contributor to the global economy, is systematically being dismantled as the war between the United States, Israeli and Iran enters its third week. What began as a campaign targeting military …
Nigeria’s oil sector faced a significant gross oil revenue shortfall of approximately ₦24.47 trillion over the 2024 and 2025 fiscal years, Pinnacle Daily’s analysis has shown. This gap stems from the disparity between the ambitious revenue projections set in the national budgets of 2024 and 2025 and the actual receipts collected by the federation. The …
As global oil prices remain volatile and Nigerian commuters grapple with soaring petrol costs, the Federal Government's push for Compressed Natural Gas (CNG) has emerged as a compelling alternative. President Bola Tinubu’s recent order for the immediate deployment of 100,000 CNG conversion kits further highlights the urgency to wean the country off expensive imported fuel. …
Nigerians are grappling with renewed economic pressure after oil marketers raised the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to as high as ₦1,330 per litre at some filling stations, intensifying the burden on commuters and transport operators already struggling with rising cost of living. The ripple effects of regional conflicts …
A viral video circulating on TikTok has sparked anxiety among parents after a mother claimed that excessive consumption of soy-based baby milk could damage infants’ kidneys, weaken bones, and cause bloating. The video, which features a container labelled Baby Wonder Soya Plus placed on top of a bucket of soybean pap powder, shows the mother …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
Every year on March 8, the world pauses to recognise the courage, creativity, and contributions of women across the world. In 2026, International Women’s Day (IWD) comes under the global campaign theme “Give To Gain,” a reminder that when individuals and societies invest in women with opportunities, resources, skills, mentorship, and unwavering support, everyone benefits …
Nigerians residing in Kuwait and Bahrain have been advised to stay calm and remain vigilant amid conflict in the Middle East. This was contained in a travel advisory issued by the Embassy of the Federal Republic of Nigeria in Kuwait on Sunday, March 1. Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, who …
The Ogun State Government has shut down African Refractory and Allied Products Limited (ARAP), a company that crushes quartz stones into fine powder used in steel furnaces. The closure follows a viral video exposing serious health risks for workers. In the Footage, Bartholomew Aniemeka, a former employee, said he contracted silicosis, a severe lung disease …
