In a shift from traditional oversight, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared that the nation’s ambitious oil production targets will not be met through merely issuing regulations, but through active partnership with the industry players. At a three-day leadership retreat held at the Isimi Resort in Epe, Lagos, the NUPRC unveiled a …
Fresh data shows bringing petrol into Nigeria now costs more than buying from the local Dangote Refinery, strengthening calls to halt fuel imports The landing cost of imported Premium Motor Spirit (PMS), also known as petrol, has risen above the Dangote Refinery’s gantry price. This was shown in the latest Energy Bulletin released by the …
Supply chain disruption caused by the U.S.-Iran war exposed the fragility of Nigeria’s fuel reserve safety net The global oil market crisis triggered by escalating geopolitical tensions in the Middle East during the first half of 2026 has unleashed a fresh wave of economic hardship across Africa, with Nigeria emerging as the continent's hardest-hit …
Ahead of the August 15 Governorship election in Osun State, candidates and their political parties have signed a peace accord, committing themselves to a peaceful, free and credible election. The agreement was signed on Thursday at the Oasis Event Centre in Osogbo during an event organised by the National Peace Committee led by Bishop Matthew …
INEC data shows women outnumber men in the 3.87 million voters recorded in the latest phase of the Continuous Voter Registration exercise The Independent National Electoral Commission (INEC) has recorded a cumulative 10,399,288 completed registrations across the three phases of the nationwide Continuous Voter Registration (CVR) exercise ahead of the 2027 general election. Women …
Nigeria’s daily crude oil output faces risk of decline following a declaration of force majeure by Esso Exploration & Production Nigeria Limited, an affiliate of ExxonMobil, on exports from its Erha deepwater field. Esso Exploration & Production Nigeria Limited (EEPNL) declared the force majeure due to unexpected damage to the floating buoy that supports export …
President Bola Tinubu, former President Olusegun Obasanjo, Abia State Governor Alex Otti and other prominent Nigerians have called for stronger national unity, patriotism and selfless service as Abia State commemorated the 60th memorial of Nigeria's first military Head of State, Major General Johnson Aguiyi-Ironsi. The leaders made the call on Wednesday in Umuahia during a …
The Ondo State House of Assembly Speaker, Olamide Oladiji, has alleged that lawmakers who failed to secure the All Progressives Congress (APC) tickets for the 2027 election are behind moves to remove him from office. Oladiji is facing an impeachment threat following allegations that he diverted N44 million released by the Ondo State Oil-Producing Areas …
The Independent National Electoral Commission (INEC) has extended the collection of Permanent Voter Cards (PVCs) in Osun State by one day, giving eligible voters until Friday, July 31, to collect their cards ahead of the August 15 governorship election. INEC Chairman, Joash Amupitan, announced the extension on Wednesday during the Osun Governorship Election Stakeholders' Forum …
The Central Bank of Nigeria (CBN) spent much of 2025 battling rising fraud, growing consumer complaints, weak financial institutions and regulatory breaches, even as it intensified supervision across the financial system. Pinnacle Daily analysis of the CBN 2025 Annual Report shows that while Nigeria's banking sector remained stable overall, several areas of the financial system …
