The average daily supply of Automotive Gas Oil (AGO), commonly known as diesel, rose by 84.3 per cent to 18.8 million litres per day (ML/D) in May from 10.2 ML/D in April 2026. According to the latest data released by the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA), there was zero import of diesel as …
The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion as May 2026 revenue allocation to the Federal, state, and local government councils. This was supported by a sharp rise in statutory revenue despite a decline in value-added tax (VAT) collections. The allocation was announced after the June 2026 FAAC meeting in Abuja, according to …
The International Press Centre (IPC) and the Centre for Media and Society have partnered with the Ekiti State Police Command to protect journalists covering Saturday’s governorship election in the state. The groups also urged journalists deployed for the election to remain professional, non-partisan and safety-conscious while carrying out their duties across the 16 local government …
FirstHoldCo Plc said it has completed a ₦45 billion private placement to strengthen FirstBank’s capital base and support its growth plans. It announced this in a statement seen by Pinnacle Daily on Thursday. According to the parent company of First Bank of Nigeria Limited (FirstBank), it had secured all approvals from the Central Bank of …
The Africa Social Impact Summit (ASIS) has mobilised more than $1 billion in funding for sustainable development projects across Africa, with organisers now projecting an additional $500 million in investment commitments at its upcoming 2026 edition. The announcement was made in Abuja by the Chief Executive Officer of Sterling One Foundation, Olapeju Ibekwe, during a …
The Vice Presidential candidate of the National Democratic Congress (NDC), Rabiu Kwankwaso, has called for immediate and coordinated action to confront rising insecurity in Katsina State and across Nigeria, warning that the country’s safety crisis can no longer be treated with delay or political hesitation. He made the remarks on Wednesday in Katsina during a …
Nigerian Afrobeats sensation Tems is set to share the stage with some of the world's biggest music stars, including Stevie Wonder and John Legend, at the official opening of the Barack Obama Presidential Center in Chicago. The landmark event, scheduled for June 18, will mark the unveiling of a centre designed to preserve the legacy …
Super Eagles striker Victor Osimhen has described Nigeria’s failure to qualify for the 2026 FIFA World Cup as “bad,” expressing disappointment over the country’s second consecutive absence from football’s biggest stage. Nigeria were ruled out of the tournament after losing their World Cup playoff clash against DR Congo, ending hopes of securing a place at …
The Federal Government’s latest Treasury Bills (T-Bills) auction witnessed overwhelming investor interest, attracting subscriptions worth N1.86 trillion against an initial offer of N1 trillion, signaling growing confidence in Nigeria’s economic reforms and macroeconomic stability. The auction, conducted by the Central Bank of Nigeria (CBN) on behalf of the Federal Government, was oversubscribed by approximately N860 …
The President and Chief Executive Officer of MTN Group, Ralph Mupita, has warned that growing Afrophobic sentiments across Africa pose a serious threat to youth empowerment, economic integration and the continent’s long-term development goals. Mupita issued the warning ahead of the Kgalema Motlanthe Foundation dialogues, amid growing social media campaigns targeting multinational companies following recent …
