The Centre for the Promotion of Private Enterprise (CPPE) has called on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to prioritise domestic refining in line with the Nigeria-First Policy agenda. The Centre made the call in a statement issued by its Chief Executive Officer, Muda Yusuf, on Thursday, December 25. “The NMDPRA must …
President Bola Ahmed Tinubu has nominated General Christopher Gwabin Musa as the new Minister of Defence, following the resignation of Alhaji Mohammed Badaru Abubakar on Monday. In a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, Tinubu confirmed that he had forwarded Musa’s name to Senate President Godswill Akpabio in a …
Nigeria loses an estimated $15 billion every year to oil theft and pipeline vandalism, raising concerns about the long-term sustainability of President Bola Ahmed Tinubu’s Renewed Hope Agenda beyond 2027, a study by Professor Usman Muhammed of Kaduna State University has revealed. Speaking at the 1st Citizens Engagement Conference (North-West Edition) in Kaduna, themed “The …
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 …
The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025 budget deficit. The lawmakers also gave the green light for the issuance of a $500 million debut sovereign sukuk in the international capital market to fund key infrastructure projects and broaden Nigeria’s financing sources. The …
Former Vice-President Atiku Abubakar has condemned President Bola Tinubu’s recent exercise of the prerogative of mercy, saying the mass clemency has weakened public confidence in the criminal-justice system and “emboldens criminality.” In a statement posted on his X handle, Atiku said the presidential power to grant mercy is intended to temper justice with compassion, not …
