Residents of Cross Rivers State apparently spent more on Premium Motor Spirit (PMS), also known as petrol, in January 2026. Data released by the National Bureau of Statistics shows that the state recorded the highest average retail price of petrol in January 2026. The latest NBS Petrol Price Watch for January 2026 indicates that Cross …
The Nigerian Independent System Operator (NISO) has said the current poor power supply experienced nationwide is due to inadequate gas supply to thermal generating stations. In a statement released on Friday, February 27, NISO said power generation has dropped to around 4,300 megawatts (MW), causing a significant outage across the country. It said that because …
Seplat Energy’s revenue and operations expanded sharply following its acquisition of Mobil Producing Nigeria Unlimited (MPNU), Pinnacle Daily can report. A review of the company’s audited results for the year ended December 31, 2025, shows that with the addition of the offshore assets bought from ExxonMobil, Seplat’s revenue rose by 144 per cent to $2.73 …
The Presidency has accused the African Democratic Congress (ADC) and the New Nigeria Peoples Party (NNPP) of spreading misinformation about the Electoral Act, 2026. On Thursday, opposition parties criticised the amended law, describing it as “obnoxious”, a threat to democracy and an alleged attempt to entrench a one-party state in Nigeria. Electoral Act Amendment 2026 …
Former Vice President Atiku Abubakar on Thursday said opposition parties have rejected the amended 2026 Electoral Act, describing it as anti-democratic and a threat to the credibility of Nigeria’s electoral process. Speaking after a joint press conference held in Abuja, Abubakar said leaders of major opposition parties unanimously opposed the law recently signed by President …
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Attorney-General of the Federation, Abubakar Malami, alongside his wife, Asabe Bashir, and son, Abdulaziz, over alleged money laundering. The defendants were re-arraigned on Friday before Joyce Abdulmalik, a judge of the Federal High Court sitting in Abuja, following the reassignment of the case. At the …
The Lagos State Judiciary has set April 14, 2026, for a coroner’s inquest into the death of Nkanu, the 21-month-old son of renowned Nigerian author Chimamanda Ngozi Adichie. Nkanu passed away on January 7, 2026, following complications linked to preparatory medical procedures. The family subsequently issued a legal notice against the hospital, alleging that medical …
Adamawa State Governor, Ahmadu Fintiri, on Friday defected to the ruling All Progressives Congress. In a statewide broadcast, the governor announced that he moved to the APC alongside his entire cabinet and all officials of the Peoples Democratic Party in the state, saying the decision was taken in the interest of the people of Adamawa …
A former journalist and chieftain of the All Progressives Congress (APC) in Ogun State, Modele Sarafa-Yusuf, has formally expressed interest in contesting the 2027 governorship election in the state. In an open letter posted on her X handle on Thursday, February 26, addressed to party leaders, members, and stakeholders in Ogun State, Sarafa-Yusuf said her …
Lafarge Africa Plc has cleared all its debts and ended 2025 with more cash than liabilities, marking a major turnaround in its financial position. A review of the cement maker's audited financial statement for the year ended December 31, 2025, by Pinnacle Daily shows that Lafarge Africa reduced its total loans and borrowings from ₦210.7 …
