President of the Dangote Group, Aliko Dangote, has said the pump price of premium motor spirit (PMS), also known as petrol, will come down to N740 per litre at filling stations across the country. Dangote, who spoke during a media briefing in Lagos on Sunday, said the new price will take effect on Tuesday, December …
The Nigeria National Petroleum Company (NNPC) Limited says its flagship upstream subsidiary, NNPC E&P Limited (NEPL), hit 355,000 barrels per day (bpd) of oil production, its highest daily output since 1989. It said the increased production was achieved on December 1, 2025. In a statement released on Tuesday, the national oil firm said the average …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) emerged as the highest among agencies in revenue remittances into the federation account in October 2025. According to data obtained from the Federation Accounts Allocation Committee (FAAC), out of a total of N2.93 trillion revenue remitted by seven agencies, NUPRC remitted N873.11 billion. This represents 29.8 per cent …
As discussions about Nigeria hitting a $1 trillion economy target by 2030 continue, experts have hinted at the indispensable role of Small and Medium-sized Enterprises (SMEs), in realizing that goal. SMEs, which form the backbone of the economy (contributing nearly 50 per cent to GDP and over 80 per cent to employment), must be at …
Every December, Lagos stops being just a city; it becomes a global carnival ground. From Murtala Muhammed Airport down to Victoria Island, Lekki, and the Mainland, the city pulsates with an energy that comes only once a year. Flights from London, Atlanta, Toronto, Dubai, and Johannesburg arrive full of Nigerians in the diaspora ready to …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
Nigeria's leaders remain focused on macroeconomic stability, fiscal discipline, and a strong growth trajectory as the nation prepares for a 7% GDP growth target by 2027. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, offered a key opportunity for Nigeria’s officials to update investors on …
Nigeria’s economy is diversifying, with non-oil revenue increasing by 57.5%, signalling the nation’s commitment to reducing oil dependency and boosting fiscal resilience. The Nigeria Investors Forum, held on the sidelines of the IMF-World Bank 2025 Annual Meetings in Washington, DC, served as an important occasion for Nigeria's leadership to share updates on the nation’s economic …
A renowned economist, Muda Yusuf, has said that Nigeria could sustain the declining inflation rate to make a positive impact on the masses. Yusuf, who is the Chief Executive Officer of the Centre for the Promotion of Private Enterprise (CPPE), shared his view in a statement on Wednesday, October 15, following the release of the …
Chairman of MTN Nigeria, Dr. Ernest Ndukwe, has said the success of the company from its early years to its dominance as Nigeria’s leading telecom operator stems from strong corporate governance and merit-based recruitment. Speaking at the 31st Nigerian Economic Summit in Abuja, during a panel session themed “Titans on the Move: Africa’s Multinationals,” Ndukwe …
