The recent announcement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to suspend the implementation of 15 per cent import duty on refined petroleum products for six months has sparked mixed reactions among stakeholders, with experts and oil marketers holding divergent views on its potential impact. The NMDPRA had on Thursday, November 13, …
The Nigeria National Petroleum Company Limited (NNPCL) and some other marketers have reduced petrol prices below the price offered by the Dangote Petroleum Refinery partners in Lagos, sparking a new wave of competition in the downstream petroleum market. Checks by Pinnacle Daily in parts of Lagos on Sunday revealed price disparity between NNPCL retail stations, …
Former Minister of Special Duties, Kabir Tanimu Turaki, has been elected as national chairman of the Peoples Democratic Party (PDP). Turaki, a Senior Advocate of Nigeria (SAN), emerged as national chairman of the PDP at the party’s national convention held on Saturday, November 15 in Ibadan, the Oyo State capital. About 3,000 party delegates from …
The Peoples Democratic Party (PDP) on Saturday expelled Nyesom Wike, minister of the federal capital territory; Samuel Anyanwu, the party’s suspended national secretary; and Ayodele Fayose, former governor of Ekiti state. The decision was taken at the party’s national convention held in Ibadan, Oyo State, on Saturday. Also removed from the party were Umar Bature, …
Chief Executive Officer and co-founder, Bluechip Technologies Ltd, Mr Kazeem Tewogbade, has launched a memoir titled “Unlikely”, documenting his journey through the pathway to success. Tewogbade, who has made a significant footprint in Nigeria’s tech space, highlighted the role of the power of vision, purpose, dedication and resilience in business success. Speaking during the official …
The Securities and Exchange Commission (SEC) said it is partnering with the Federal Mortgage Bank of Nigeria (FMBN) to develop a robust non-interest mortgage (NIM) ecosystem to tackle the country’s housing deficit. The partnership was unveiled at a high-level meeting in Abuja on Friday, November 14. It seeks to create and regulate viable, Sharia-compliant financing …
Legal expenses incurred by Fidelity Bank Plc surged to ₦30.05 billion in the second quarter (Q2) of this year, compared with ₦701 million the bank incurred in the same period in 2024, representing a 4,187.16 per cent rise. A review of the bank's audited financial statements for the period ended June 30, 2025, released on …
Mali is experiencing a sharp rise in insecurity as jihadist groups carried out a record number of abductions targeting foreigners this year. ACLED data shows that between May and October 2025, 22 to 26 foreign nationals were abducted, the highest number ever recorded in the country. This nearly doubles the previous record of 13 kidnappings …
Doctors in Gabon are testing a new single-dose malaria treatment that could help combat growing resistance to existing drugs. Led by Dr. Ghyslain Mombo-Ngoma at the Medical Research Centre of Lambaréné, the team combined four widely used anti-malarial compounds, sulfadoxine, pyrimethamine, artesunate, and pyronaridine into a one-time treatment. The regimen cleared malaria parasites in 93% …
Global stock markets were on course to reclaim record highs on Thursday following the end of the longest U.S. government shutdown in history, while Japan’s yen tumbled to historic lows against the euro and hit a nine-month low versus the dollar. Europe’s STOXX 600 opened stronger, with France’s CAC 40 gaining nearly 1%, pushing both …
