The Independent Petroleum Producers Group (IPPG) has called for the establishment of a robust indigenous financing system to fund Africa's energy sector, as foreign capital increasingly retreats from the continent. Speaking at Africa Oil Week 2026 in Accra on Tuesday, IPPG Chairman Adegbite Falade warned that more than 150 essential oil and gas projects have stalled across …
As a ride-hailing giant exits Nigeria, millions of passengers face a new mobility reality while thousands of drivers and rival platforms scramble for what it leaves behind For 12 years, Uber was more than an app on the phones of Nigerian commuters. It became part of the country's changing transportation culture, a digital bridge …
The House of Representatives has uncovered about 58 bank accounts allegedly linked to Prince Adeniyi Adeyemi, Director-General of the purported Presidential Foreign Intervention Promotion Council (PFIPC), alongside an alleged N400 million transaction that lawmakers said may have involved fraudulent representations. The discovery comes months after Pinnacle Daily reported that Nigeria’s 2026 budget allocated N1.3 billion …
Egbin Power has kicked off the 11th edition of its annual scholarship programme, reinforcing its ongoing dedication to advancing quality education and expanding opportunities for youth within its host communities. Aligned with Sustainable Development Goal 4 (SDG 4)—which advocates inclusive, quality education and lifelong learning opportunities—the initiative operates under the company’s Corporate Social Responsibility (PCSR) …
Travel content creator says encounter turned heated during local market visit A Chinese travel content creator, Xiao Jony, has warned prospective tourists to exercise caution when visiting Nigeria after he alleged that some men demanded money from him while he was exploring a local market. Xiao Jony shared a video of the encounter on …
Ride-hailing firm cites business review as it winds down operations nationwide Global ride-hailing company Uber has announced the shutdown of its operations in Nigeria, effective Wednesday, September 2, 2026, bringing its 12-year presence in the country to an end. The company announced the decision in a statement on Wednesday, describing it as a difficult …
A UAE-based energy firm, ePointZero, has announced its decision to acquire a 90 per cent stake in Azura Power Holdings, a major African independent power producer, marking a significant entry into the continent's power generation market. ePointZero is a global energy infrastructure platform and subsidiary of the 2PointZero Group. The company made this known in …
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said his major concern after the Osun governorship election was whether Governor Ademola Adeleke would keep his promise to support President Bola Tinubu’s re-election bid. Wike said he contacted Adeleke after the election and asked him to publicly reaffirm his support for Tinubu. The minister …
Ebonyi State Governor Francis Nwifuru has threatened to remove any local government chairman who fails to deliver victory for the All Progressives Congress (APC) in the 2027 elections. Nwifuru issued the warning on Wednesday in Abakaliki, the state capital, while inaugurating newly elected chairmen and vice-chairmen of the state’s 13 local government areas. The governor …
The Nigeria National Petroleum Company Limited (NNPC) revenue and profit witnessed a significant decline as oil production dropped in July. NNPC’s profit after tax fell by 47.9 per cent to N279 billion in July 2026 from N535 billion in June. This was contained in the NNPC Limited Monthly Report Summary for July 2026, released on …
