The death toll from devastating flash floods in Nepal has risen to 389, while six South Africans are among 468 tourists and travellers reported missing as rescuers in Nepal and Tibet race to find survivors. The flash floods destroyed homes, swept away vehicles and bridges and cut off major roads after a glacial collapse near …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set a target of completing its proposed permanent headquarters in the first quarter of 2027, saying the project will enhance operational efficiency and strengthen Nigeria’s attractiveness to oil and gas investors. According to a statement by the Head, Media and Communications, NUPRC, Eniola Akinkuotu, the Commission’s Chief Executive, …
Nigeria’s improving economic indicators could come under pressure in the fourth quarter of the year as rising political spending ahead of the 2027 general elections tests the gains made in foreign exchange stability, inflation and liquidity management. According to economic policy analyst Dr Felix Ijeh, Nigeria is entering the final quarter of the year with …
The Kano State House of Assembly has called on Governor Abba Yusuf to urgently intervene in a diphtheria outbreak that has reportedly killed more than 50 children in Rano Local Government Area. The resolution was adopted during Tuesday’s plenary after lawmakers considered a motion of urgent public importance sponsored by Ibrahim Muhammad, representing the Rano …
Universal Insurance Plc has approached the Federal High Court in Lagos to challenge the purported cancellation of its operating licence by the National Insurance Commission (NAICOM) and the appointment of a receiver/manager. The company disclosed this in a statement signed by its company secretary, Chinedu Onyilimba, on Tuesday, August 25, 2026, notifying shareholders and the …
The proposed return of Nigeria’s petrol subsidy regime could recreate the economic distortions that the policy was meant to eliminate, Dr Kazeem Bello, a global financial analyst and principal manager/CEO of Afrique Capital and Equity Funds Limited, has warned. He shared his thoughts with Pinnacle Daily in response to a pledge by the African Democratic …
President Bola Tinubu has criticised former Vice-President Atiku Abubakar’s proposal to restore petrol subsidy if elected president in 2027, questioning how the programme would be funded. Atiku, the presidential candidate of the African Democratic Congress (ADC), had said he would bring back petrol subsidy if elected, arguing that the Tinubu administration had failed to account …
Pinnacle Daily Editor Mr Sunday Michael Ogwu was attacked on Wednesday evening by police officers from the Lugbe Division in Abuja. Narrating his ordeal to a Pinnacle Daily reporter, Mr Ogwu said he was coming back from exercise after returning from the day’s work and stumbled on a demolition exercise being carried out by Lugbe …
Femi Otedola has further increased his stake in First HoldCo Plc after Calvados Global Services Limited, a company related to the significant shareholder, acquired 147.74 million shares of the financial services group for about ₦20.68 billion. The transaction, disclosed by First HoldCo to the Nigerian Exchange Limited (NGX) on Monday, August 17, was executed on …
Geregu Power Plc's bond default may have shocked investors, but a review of its share-price performance and half-year financial position suggests that some warning signs were already visible before the company failed to meet its latest debt obligations. Checks by Pinnacle Daily reveal that the company’s share price fell 19.6 per cent between January 2 …
