Oil and gas operators, led by the Independent Petroleum Producers Group (IPPG) and the Oil Producers Trade Section (OPTS), have called on the Nigerian government to address the burden of multiple fees and charges they face in the industry, warning that the overlapping costs are making Nigeria’s petroleum sector uncompetitive. Chairman of IPPG and Managing …
The World Bank has described Nigeria as a global example of steady and credible reform leadership, citing the country’s consistency in implementing economic changes despite ongoing challenges. The Bank’s Managing Director of Operations, Anna Bjerde, remarked during a meeting on Tuesday with President Bola Tinubu and Vice President Kashim Shettima at the State House in …
The Pension Fund Operators Association of Nigeria (PenOp) has urged Retirement Savings Account (RSA) holders to update their records following the launch of the data recapture portal. The association made the call in a statement seen by Pinnacle Daily on Wednesday. It stated, "Pension Fund Administrators (PFAs) have commenced the rollout of PENCAP, the Data …
Nigerian stock market closed January 2026 on a strong note, as gains in 20 key stocks, spanning heavyweight blue chips and smaller, high-volatility names, combined to lift overall market performance on the Nigerian Exchange Limited (NGX). A review of stock market data for January shows price appreciation in 10 high-cap and 10 cherry-picking stocks that …
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has distanced itself from a report which claimed that it accused TotalEnergies Nigeria Limited (I.of maltreating Nigerian workers, harassment by expatriates, violations of the Nigerian Local Content Act, and racism, among other claims. PENGASSAN clarified that it had neither issued any statement on the …
The crisis rocking the Labour Party (LP) deepened on Monday as the Julius Abure-led National Working Committee (NWC) rejected reconciliation efforts initiated by Abia State Governor, Dr Alex Otti, describing the move as insincere and ill-timed. The Abure faction insisted that the leadership dispute within the party remains unresolved, stressing that ongoing legal processes have …
A chieftain of the Peoples Democratic Party (PDP), Umar Sani, has condemned the decision of the Federal High Court which nullified the party’s National Convention held in Ibadan, describing it as an abuse of power and an act of judicial overreach. In a statement shared on his verified X (formerly Twitter) account on Tuesday, Sani …
The All Progressives Congress (APC) has constituted a central coordination committee for its 2026 national convention, appointing Imo State Governor, Hope Uzodimma, as chairman. The party announced the development in a statement issued from its national secretariat in Abuja and signed by Surajudeen Basiru, APC national secretary, and Sulaiman Argungu, national organising secretary. According to …
A Kano State High Court has adjourned until April 15 the trial of former governor of the state, Abdullahi Ganduje, his wife, Hafsat Umar, and his son, Abdullahi Umar, alongside five other defendants, over alleged misappropriation of public funds. Ganduje and the defendants are facing an 11-count charge bordering on bribery, conspiracy, misappropriation and diversion …
Nigeria’s Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called for support of the African Energy Bank (AEB), saying it would not only boost energy self-sufficiency but also guarantee economic sovereignty, industrialization, and inclusive growth on the continent. Lokpobiri stressed that for Africa to build its energy future, it must stem from conscious …
