Nigeria’s Fuel Imports Rise 207% as Daily Consumption Reaches 50.6 Million Litres

Nigeria’s Premium Motor Spirit, PMS, import jumped by 207 per cent to 18.1 million litres per day in June 2026 from 5.6 million litres per day in May as daily…

Nigeria’s Cooking Gas Imports Soar 1,400% as Prices Decline

Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, imported into Nigeria jumped sharply by 1,400 percent to 1.5 kilotonnes per day in June 2026. This is according to the…

FG Prioritising Energy Diversification to Close Nigeria’s Power Gap – Minister

The Minister of Power, Joseph Tegbe, has said the Federal Government is intensifying efforts to diversify Nigeria’s energy sources as part of plans to bridge the country’s electricity supply gap.…

NNPCL Holds Firm: Private Stations Raise Pump Prices Amid Ex-Depot Jump

    BusinessDangote: Nigerian filling stations increase fuel pricePublished on July 16, 2026By Precious Bello     Nigerian filling stations increased their Premium Motor Spirit, PMS, pump prices on Thursday.…

Nigeria’s Inflation Falls for the First Time in Three Months Ahead of CBN Rate Decision

Nigeria’s headline inflation dropped in June 2026 for the first time since February as the Central Bank of Nigeria, CBN, plans to make a decision on the country’s interest rate…

UBA Business Series to Explore Customer Feedback as Driver of Tech Innovation in Africa

United Bank for Africa (UBA) Plc will host the latest edition of its quarterly UBA Business Series on Thursday, July 16, with discussions focused on how businesses can turn customer…

Dangote Refinery Keeps Fuel Prices Stable Despite Rising Global Costs – S&P

Dangote Petroleum Refinery has continued to cushion Nigerians from the impact of rising global fuel prices by keeping domestic petrol prices stable despite increasing international market pressures, according to S&P…

Labour Unions Urge Tinubu to Set Up Highway Taskforce Against Illegal Checkpoints

Nigerian trade and labour unions representing agricultural producers, market traders, haulage operators and interstate transport workers have called on President Bola Ahmed Tinubu to establish a national highway taskforce to…

Petrol Prices May Rise as Depot Owners Increase Ex-Depot Rates

Depot owners across Nigeria have increased the ex-depot price of Premium Motor Spirit (PMS), raising concerns over a possible hike in petrol pump prices nationwide. The increase follows the rise…

Economists Express Concern Over ₦34 Trillion Revenue Loss to Duty Waivers

Economists and financial analysts are alarmed following the revelation that Nigeria lost N34 trillion, which represents 61 percent of the 2025 budget, to import waivers in the same year. The…