The recent escalation of conflict in the Middle East, involving US-led strikes on Iran and subsequent retaliation, has caused a notable surge in crude oil prices in the global energy markets. The surge in crude oil prices in the international market has caused a hike in the prices of Premium Motor Spirit (PMS), also known …
Nigeria is set to introduce lenacapavir, a twice-yearly injectable drug for HIV prevention, in March 2026. Health experts say the injection could revolutionize HIV prevention, offering a more convenient and discreet alternative to daily oral PrEP for people at high risk of infection. Lenacapavir is a long-acting antiretroviral that targets the HIV capsid, preventing the …
President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as Nigeria’s new Minister of State for Finance, signalling a strategic move to strengthen the administration’s fiscal reform agenda. Oyedele replaces Dr Doris Anite-Uzoka, who has been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third ministerial portfolio under …
The Ogun State Government has shut down African Refractory and Allied Products Limited (ARAP), a company that crushes quartz stones into fine powder used in steel furnaces. The closure follows a viral video exposing serious health risks for workers. In the Footage, Bartholomew Aniemeka, a former employee, said he contracted silicosis, a severe lung disease …
Nigeria’s historic $6.1 billion non-oil export performance in 2025 is under pressure as the sharp correction in global cocoa prices in 2026 exposes the risks of relying heavily on raw commodity exports, according to Dele Oye. Oye, Chairman of the Alliance for Economic Research and Ethics, said while the 2025 milestone marked a significant achievement, …
Global aviation has been plunged into chaos as the war between the United States, Israel, and Iran continues, forcing widespread airspace closures, flight cancellations, and massive economic losses. Major Gulf hubs and airspaces across the Middle East remain shut or heavily restricted following a series of U.S. and Israeli strikes on Iran and Iran’s retaliatory …
The Nigeria Customs Service (NCS), Kano/Jigawa Area Command, has intercepted precious metals worth ₦116.28 million, allegedly smuggled into the country, at Mallam Aminu Kano International Airport, reinforcing efforts to secure borders and facilitate legitimate trade. The Acting Customs Area Controller, Deputy Comptroller of Customs Usman Adamu, handed over 22.80kg of suspected silver bars and a …
As Security crisis persists amid recurring attacks on communities by bandits and terror groups, security analyst Dr Steven Okwori has raised concerns about the poor responses of the government in tackling the menace. He stated that political promises alone, without serious institutional reforms and proactive actions, will not save lives. In an exclusive interview with …
Champion Breweries Plc took on ₦59.03 billion in new borrowings in 2025 to finance the ₦60.3 billion acquisition of the Bullet brand assets and other capital projects. This borrowing sharply increased its debt profile and pushed its gearing ratio to 89 per cent, Pinnacle Daily analysis of the company’s audited 2025 financial statement released on …
The Independent National Electoral Commission (INEC) has assured Nigerians of its capacity to electronically transmit election results in the 2027 general elections, while cautioning that a completely flawless process cannot be guaranteed. The Chairman of INEC, Joash Amupitan, gave the assurance on Sunday during the Citizens’ Town Hall programme aired live on Channels Television. The …
