The recent announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to suspend the implementation of 15 per cent import duty on refined petroleum products for six months has sparked mixed reactions among stakeholders, with experts and oil marketers holding divergent views on its potential impact. The NMDPRA had on Thursday, November 13, …
The Nigeria National Petroleum Company Limited (NNPCL) and some other marketers have reduced petrol prices below the price offered by the Dangote Petroleum Refinery partners in Lagos, sparking a new wave of competition in the downstream petroleum market. Checks by Pinnacle Daily in parts of Lagos on Sunday revealed price disparity between NNPCL retail stations, …
The Socio-Economic Rights and Accountability Project (SERAP) has issued a seven-day ultimatum to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to account for or explain an alleged N3 trillion missing funds cited in the 2022 annual report of the Auditor-General of the Federation. The group said the report reveals a violation of public …
Former Minister of Special Duties, Kabir Tanimu Turaki, has been elected as national chairman of the Peoples Democratic Party (PDP). Turaki, a Senior Advocate of Nigeria (SAN), emerged as national chairman of the PDP at the party’s national convention held on Saturday, November 15 in Ibadan, the Oyo State capital. About 3,000 party delegates from …
Ahead of Benin Republic's 2026 Presidential Election, Lawmakers in the country have voted to amend the country’s constitution, extending the presidential mandate from the initial five year-term to seven years. The amendment, adopted late Friday, sailed through the national assembly with a 90–19 vote. According to a statement issued on Saturday, the new provision limits …
The Peoples Democratic Party (PDP)'s Structures in Imo, Abia, Enugu, Akwa Ibom and Rivers will no longer be functioning after the Party dissolved them following a decision concluded at the Party's Saturday's National Convention held in Ibadan. Seyi Makinde, governor of Oyo, moved the motion, saying the move was necessary to validate executives elected through …
The Peoples Democratic Party (PDP) on Saturday expelled Nyesom Wike, minister of the federal capital territory; Samuel Anyanwu, the party’s suspended national secretary; and Ayodele Fayose, former governor of Ekiti state. The decision was taken at the party’s national convention held in Ibadan, Oyo State, on Saturday. Also removed from the party were Umar Bature, …
A major political realignment is underway in Kogi State as former Governor Capt. Idris Ichalla Wada and several notable members of opposition parties are scheduled to formally defect to the All Progressives Congress (APC) on Monday, November 17, 2025. The APC State Chairman, Hon. Abdullahi Bello (Dollar), announced the development in an invitation issued to …
Chief Executive Officer and co-founder, Bluechip Technologies Ltd, Mr Kazeem Tewogbade, has launched a memoir titled “Unlikely”, documenting his journey through the pathway to success. Tewogbade, who has made a significant footprint in Nigeria’s tech space, highlighted the role of the power of vision, purpose, dedication and resilience in business success. Speaking during the official …
The Securities and Exchange Commission (SEC) said it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop a robust non-interest mortgage (NIM) ecosystem to tackle the country’s housing deficit. The partnership was unveiled at a high-level meeting in Abuja on Friday, November 14. It seeks to create and regulate viable, Sharia-compliant financing …
