The global oil market was rattled on Monday, March 2, as crude prices surged toward $80 per barrel, driven by escalating tensions across the Middle East and fears of broader supply disruptions. According to data published by OilPrice.com, Brent Crude rose sharply on Monday, reaching $79.85 per barrel. The U.S. counterpart, West Texas Intermediate (WTI), …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that while the escalating conflict involving Iran, the United States and Israel could boost Nigeria’s oil revenues, it also poses serious inflation, exchange rate and capital flow risks for the economy. In a policy brief released on Sunday, March 1, the CPPE Chief Executive …
The Corporate Accountability and Public Participation Africa (CAPPA) has accused the Lagos Water Corporation (LWC) of violating transparency laws in its ongoing plan to concession mini and micro waterworks under a Public-Private Partnership (PPP) arrangement. In a statement issued on Sunday, March 1, and signed by its Media and Communications Officer, Robert Egbe, the group …
The Federal Airports Authority of Nigeria (FAAN) has announced that the ongoing closure of airspaces in parts of the Middle East over the tension arising from attacks on Iran by the U.S. and Israel, has affected flights to and from the region. In a travel advisory issued on Sunday, FAAN said that following the developments, …
Iran has activated a process to form an interim leadership council to oversee affairs of the country after its Supreme Leader, Ali Khamenei, was killed in a U.S.-Israeli attack on Saturday. Khamenei was reportedly killed along with several top security officials. Reports said members of Khamenei’s family, including his daughter, son-in-law and grandson, were also …
Iranian state media have confirmed that Supreme Leader Ayatollah Ali Khamenei was killed during joint United States and Israeli air attacks on Iran. Iranian authorities had earlier dismissed the claims after Israeli Prime Minister Benjamin Netanyahu and U.S. President Donald Trump announced that Khamenei had been killed in the attacks. Netanyahu said on Saturday there were …
Nigerian Exchange Group Plc (NGX Group) reported a slight increase in profit after tax to N10.48 billion in 2025, up from N9.92 billion in 2024. The Group disclosed this in its audited financial statement for the year ended December 31, 2025, released on Friday, February 27. Pinnacle Daily analysis of the results shows that the …
Fresh concerns have emerged following a new increase in the retail price of cooking gas, adding further strain on households already grappling with high living costs. Latest report released by the National Bureau of Statistics (NBS) show that the average price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking …
Nigeria’s Super Falcons have intensified preparations for their pre-Women Africa Cup of Nations friendlies against Cameroon. Captain Rasheedat Ajibade arrived in Yaoundé with 16 other players and immediately opened camp activities. The team will face the Indomitable Lionesses at the Military Stadium in Yaoundé on Saturday, 28 February, and Tuesday, 3 March. Both fixtures will …
Nigerian actress Eniola Badmus has denied claims circulating on social media that she acts as a “private pimp,” connecting young women to directors, movie executives, and politicians. Reacting on Thursday, Badmus called the allegation false and attention-seeking, warning that authorities would take action. “This is the attention you’ve been craving for, so let’s get into …
