Nigeria’s aviation sector is grappling with a fresh wave of uncertainty as a sharp increase in jet fuel prices forces domestic airlines into a difficult situation. Industry analysts observe that while the cost of aviation fuel (Jet A1) has skyrocketed by over 100 per cent in recent times, domestic airlines are struggling to raise ticket …
Nigeria stands to gain from a stronger and more stable naira, but an excessive appreciation could undermine exports, fiscal revenue, and long-term economic diversification, warns Kazeem Bello, CEO and principal partner of Afrique Capital and Equity Funds Ltd, New York. Bello, a development economist and investment banker, told Pinnacle Daily that Nigerian authorities face a …
Nigeria’s economy showed signs of improving stability in the first quarter of 2026, but rising costs, geopolitical tensions and political risks could undermine progress in the months ahead, the Centre for the Promotion of Private Enterprise (CPPE) has said. In a policy brief issued on Sunday, April 5, its Chief Executive Officer, Dr Muda Yusuf, …
President Bola Tinubu has approved a ₦3.3 trillion payment plan to finally settle legacy debts in Nigeria's power sector. The payment plan approval was given under the Presidential Power Sector Financial Reforms Programme. A statement signed by the presidential spokesperson, Bayo Onanuga, on Sunday, April 5, described the approval as a “full and final settlement” …
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to work towards increasing Nigeria’s crude oil production to a 2 million barrels per day (mbpd) target. The minister made the call during a meeting with the NUPRC Chief Executive, Mrs. Oritsemeyiwa Eyesan, at the Federal …
As anticipation builds across continents and football fever intensifies, the world counts down to the most expansive edition of the global game’s biggest stage—the 2026 FIFA World Cup. The tournament runs from June 11 to July 19, 2026, and will be jointly hosted by the United States, Canada, and Mexico, marking a historic first for …
A tragic social media post by the Delta State Police Public Relations Officer, SP Bright Edafe, has once again exposed a deadly but growing trend among Nigerian youths: the misuse of prescription drugs driven by misinformation, peer pressure, and a dangerous obsession with body image. At the center of the incident is a 15-year-old boy …
FG Moves to Centralise Revenue Collection, Retains Technical Oversight with the Solid Minerals Ministry The Federal Government has handed over the collection of mineral royalties from mining operators nationwide to the Nigeria Revenue Service (NRS), in a major policy shift aimed at strengthening revenue administration under the new tax laws. The Ministry of Solid …
Panic swept through Jikwoyi Phase 1 on Friday morning after a three-storey building under construction collapsed and trapped workers under heavy debris. In a statement, FCT Police Command spokesperson, SP Josephine Adeh, said the Command received a distress call around 9:00 a.m. and immediately deployed emergency teams to the scene. It said the Commissioner of …
A chieftain of the All Progressives Congress, Farouk Aliyu, has dismissed allegations that the ruling party is working with the Independent National Electoral Commission to weaken opposition parties ahead of the 2027 general elections. Aliyu, who spoke during an interview on Arise Television’s morning programme on Thursday, said the APC had no involvement in the …
