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In a significant shift in Nigeria’s energy consumption landscape, Automotive Gas Oil (AGO), also known as diesel, recorded an increase in consumption, while the usage of Premium Motor Spirit (PMS), commonly known as petrol, saw a notable decline in February 2026. This is according to the latest Factsheet released by the Nigeria Midstream and Downstream …

NNPCL, Other Marketers Drop Petrol Prices Below Dangote Partners’ Cost in Lagos

 IEA Warns of historic supply shock as Middle East refineries, oil terminals face persistent attacks   The Middle East energy landscape, long considered a major contributor to the global economy, is systematically being dismantled as the war between the United States, Israeli and Iran enters its third week. What began as a campaign targeting military …

Gulf in Flames: Oil Infrastructure Crumbles as Conflict Enters Third Week

By Fr George Adimike   Mary Magdalene's story in the Scriptures demonstrates a remarkable transformation and unwavering commitment to Christ. She emerges as a figure with a great capacity for her pursuit. Often depicted as a great sinner who traded her body for profit, pleasure and power, she reformed her life entirely after encountering Jesus. …

Mary Magdalene

Minister of Aviation and Aerospace Development Festus Keyamo has firmly stated that there is "no going back" on the implementation of the Federal Airports Authority of Nigeria (FAAN) cashless policy at airports across the country. This declaration comes after President Bola Tinubu temporarily suspended the full enforcement of the cashless system due to the significant …

We’ll Enforce Full Cashless Policy at Airports, Keyamo Insists

Warnings of severe flooding in 2026 are casting a spotlight on infrastructure resilience in Edo State, even as the government ramps up spending on roads, bridges and public assets aimed at stimulating economic activity. The Nigerian Meteorological Agency (NiMet) has predicted above-normal rainfall during the 2026 rainy season, identifying Edo as one of the states …

Edo State Governor, Monday Okpebholo

Nigeria’s banking sector has raised a combined ₦3.85 trillion in fresh capital as of March 12, 2026, according to the latest update from the Proshare Nigeria Banking Sector Recapitalisation Compliance Tracker. The figure underscores the scale of the industry’s push to meet new regulatory capital thresholds ahead of the Central Bank of Nigeria’s (CBN) March …

Nigeria’s oil sector faced a significant gross oil revenue shortfall of approximately ₦24.47 trillion over the 2024 and 2025 fiscal years, Pinnacle Daily’s analysis has shown.  This gap stems from the disparity between the ambitious revenue projections set in the national budgets of 2024 and 2025 and the actual receipts collected by the federation. The …

Nigeria Loses ₦24.47trn Oil Revenue in 2 Years 

A Federal High Court in Abuja has granted the Independent Corrupt Practices and Other Related Offences Commission (ICPC) permission to access and analyse electronic devices recovered from the residence of former Nasir El‑Rufai. Justice Joyce Abdulmalik granted the order on Thursday after hearing an ex-parte motion moved by ICPC counsel, Osuobeni Akponimisingha. The commission had …

As the Middle East conflict continues to cause global disruption of crude oil supply and prices hovering around $100 per barrel, there have been calls for the Nigerian government to stop crude exports and prioritise supply to Dangote Refinery to boost domestic supply of refined products. Energy expert and chief economic strategist, ECOWAS Commission, Prof …

Nigeria Should Stop Crude Export, Sell to Dangote Refinery - Ken Ife

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