The National Bureau of Statistics (NBS) has commended the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its transparency in the management and accessibility of oil and gas data, while urging a deeper, more systematic collaboration between the two agencies. The Statistician-General of the Federation, Prince Semiu Adeyemi Adeniran, made the remarks on Tuesday, June 2, …
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive for the offer of special compensation to Band A Customers following widespread power outages that occurred in recent months. In a statement released on Wednesday, the Commission said the decision contained in Directive No. NERC/2026/002, was informed by the significant power generation shortages experienced across …
Nigeria recorded a remarkable surge in capital importation in the first quarter of 2026, attracting $10.37 billion in foreign inflows. The National Bureau of Statistics (NBS) revealed this in its latest Capital Importation Report released on Wednesday. An analysis of the report shows that capital importation increased by 83.83 per cent from the $5.64 billion …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2026 Licensing Round will officially kick off in the third quarter (Q3) of 2026. This follows formal approval from the Minister of Petroleum Resources, in strict alignment with the provisions of the Petroleum Industry Act (PIA). The announcement was made by the Commission Chief …
Electricity Distribution Companies (DisCos) in Nigeria recorded a revenue shortfall of approximately ₦160 billion in the first three months (Q1) of 2026, highlighting the persistent liquidity crisis across the DisCos. According to the Nigerian Electricity Regulatory Commission (NERC) Commercial Performance Factsheet, revenue losses across 11 distribution companies in January, February and March stood at ₦159.37 billion. …
DataPro has identified credit ratings as a critical tool for restoring investors' confidence and unlocking long-term financing in Nigeria’s struggling power sector. The Nigerian technology-driven Credit Rating Agency stated this in its latest Monthly Rating Brief for June, warning that persistent liquidity shortages, mounting debts and weak cash flows continue to undermine the industry’s sustainability. …
Nigeria has taken a significant step in protecting innovation and strengthening the intellectual property ecosystem with the official launch of the World Intellectual Property Organisation (WIPO) Office in Abuja. The WIPO office, which is the first to be established in Sub-Saharan Africa, was officially opened on Monday, June 1, 2026. According to a statement issued …
Nigeria's stock market is witnessing a remarkable surge in activity, but beneath the impressive growth figures lies a significant shift in investor composition, Pinnacle Daily can report. While total transactions on the Nigerian Exchange Limited (NGX) climbed to ₦1.8 trillion in April 2026, foreign investors are steadily losing ground to domestic players, raising questions about …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
The Former Minister of Power and governorship aspirant of the All Progressives Congress (APC) in Oyo State, Adebayo Adelabu, has called on his supporters to remain calm as the party awaits an official announcement on the outcome of its governorship primary. In a statement issued on Monday, Adelabu said the APC national headquarters had not …
