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Petrol prices have surged again across major Nigerian cities, with motorists now buying Premium Motor Spirit (PMS) at about ₦1,040 per litre in Lagos and Ilorin, while prices in Abuja have climbed to around ₦1,080 per litre in several filling stations. The latest increase follows fresh adjustments in Nigeria’s downstream petroleum market after the Dangote…
President Bola Tinubu announced today the successful conclusion of a historic settlement agreement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL). The announcement was made at the meeting in his office attended by the Chief Executive Officer of Eni, Claudio Descalzi; the Chief Operating Officer, Guido Brusco; the Head of…
The Nigerian Electricity Regulatory Commission (NERC) has issued a firm directive requiring all electricity distribution companies (DisCos) operating nationwide to refund a total of ₦20.33 billion to customers who paid for electricity meters under the Meter Asset Provider (MAP) framework but have yet to receive full reimbursement. The order, titled Order No: NERC/2026/025 – Amended…
The Nigerian Electricity Regulatory Commission (NERC) has clarified that contrary to widespread public belief, not all electricity meters being deployed across the country are free, urging consumers to properly understand the different metering frameworks currently in operation. The clarification was made by NERC following increasing confusion among electricity consumers, many of whom assume that every…
Read More “Not All Electricity Meters in Nigeria Are Free — NERC Clarifies Amid Public Confusion” »
Dangote Petroleum Refinery has officially commenced nationwide sales of Premium Motor Spirit (PMS), commonly known as petrol, at a revised pump price of ₦739 per litre across all affiliated MRS Oil Nigeria Plc filling stations. In a statement released by the refinery, the price adjustment is part of ongoing efforts to make fuel more affordable…
Read More “Dangote Refinery Announces Nationwide Petrol Price of ₦739 per Litre at MRS Stations” »
The Dangote Petroleum Refinery has announced a major intervention in Nigeria’s downstream sector with plans to supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly to the Nigerian market. The supply is scheduled to begin in December 2025 and continue through January 2026, an effort aimed at ensuring nationwide fuel availability during the festive…
The Nigerian Electricity Regulatory Commission (NERC) has approved ₦28 billion for electricity distribution companies (DisCos) to provide free prepaid meters to customers across the country. The approval, issued under the Meter Acquisition Fund (MAF) Tranche B, took effect on October 6, 2025, and is part of efforts to end estimated billing and close Nigeria’s seven-million-meter…
Read More “JUST IN: NERC Approves ₦28 Billion for DisCos to Roll Out Free Meters” »
A fresh wave of cooking gas scarcity has hit several states across Nigeria, forcing prices to soar to record highs and leaving many households stranded. In Lagos, Ibadan, Ogun, and parts of the North, residents now pay between ₦1,600 and ₦2,000 per kilogram of Liquefied Petroleum Gas (LPG), compared to around ₦1,000 barely weeks ago….
Read More “BREAKING: Cooking Gas Scarcity Worsens Across Nigeria as Prices Skyrocket” »
President of Dangote Group, Aliko Dangote, has accused the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) of imposing heavy loading charges on fuel trucks at his multi-billion-dollar refinery, warning that the levies are driving up fuel pump prices across the country. Dangote speaking to journalists in Lagos alleged that NUPENG collects between ₦48,000…
Read More “Dangote Alleges NUPENG Truck Levies Are Fueling Pump Price Hikes” »
Nigerian business magnate Aliko Dangote has announced a bold plan to reduce the price of cooking gas (LPG) across the country. His refinery, located in Lekki, Lagos, has started producing large volumes of LPG, with a promise to make the product more affordable for everyday Nigerians. However, the announcement has sparked strong reactions from LPG…
Read More “Marketers Oppose Dangote’s Targets To Lower Cooking Gas Prices in Nigeria” »