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One year after the Nigeria National Petroleum Company (NNPC) Limited declared the resumption of the Port Harcourt and Warri refineries, both facilities are currently shut down, fuelling intense public backlash and scrutiny. Despite multi-billion-dollar investments and celebratory commissioning ceremonies held in late 2024, the state-owned refineries have largely failed to sustain operations. Pinnacle Daily recalls …

When embarking on international travel, the goal of ensuring that one does not lose money often leads to two distinct challenges: avoiding legal penalties (seizures and fines) and minimising financial loss (bad exchange rates and fees). Various countries, including Nigeria, have rules on possession of cash, especially hard currencies such as dollars, Euros, and pounds …

Foreign Currency Declaration: How to Avoid Losing Money during International Travel

Former Anambra State Governor and Senator, Chris Ngige, on Thursday attended the All Progressives Congress (APC) caucus meeting at the Presidential Villa, Abuja, hours after securing his release from Kuje Correctional Centre. Ngige, a former Minister of Labour and Employment, had been remanded in Kuje prison over corruption allegations filed against him by the Economic …

Ngige Attends APC Caucus Meeting at Aso Villa Hours After Release from Kuje Prison

The Federal Capital Territory High Court in Gwarinpa, Abuja, on Thursday ordered that former Minister of Labour and Employment Chris Ngige continue to enjoy the administrative bail previously granted to him by the Economic and Financial Crimes Commission (EFCC). The ruling was delivered by Justice Maryam Hassan following a bail application filed on behalf of …

The Federal Capital Territory (FCT) High Court has dismissed the bail application of former Attorney-General of the Federation and Minister of Justice Abubakar Malami, who had sought release from the custody of the Economic and Financial Crimes Commission (EFCC). In his ruling on Thursday, Justice Babangida Hassan stated that Malami’s detention is lawful and supported …

EFCC Alleges Arik Air Loan Mismanagement, Asset Stripping Under AMCON Receivership

Former Attorney-General of the Federation and Minister of Justice Abubakar Malami, SAN has described his continued detention by the EFCC chairman, Ola Olukoyede, as based on Personal grudge. Malami, through his media aide, Muhammed Bello Doka, said that the commission chief lacks moral and constitutional rights to detain or investigate him. He said due to …

ActionAid Nigeria has called on President Bola Ahmed Tinubu to intervene urgently and order a public investigation into allegations of financial misconduct against Mr Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The allegations surfaced following media reports and whistleblower revelations by business mogul Alhaji Aliko Dangote. It is …

 Severe Winter Storm Puts 800,000 Displaced Palestinians in Gaza at Risk - UN

The Presidency has rejected recent claims by opposition politicians accusing President Bola Tinubu of undermining Nigeria’s multi-party democracy and using anti-corruption agencies to target political opponents. It described the allegations as unfounded and politically motivated. In a statement issued on Sunday, Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, said opposition …

Presidency Dismisses Opposition Allegations, Defends Tinubu’s Reforms, EFCC Independence

Leading opposition figures have raised the alarm over what they describe as a creeping slide toward a one-party state in Nigeria, accusing President Bola Tinubu’s administration of using state institutions to intimidate political opponents ahead of the 2027 general election. In a joint statement, former Senate President David Mark; former Vice President Atiku Abubakar; Labour …

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