Dangote Refinery Slashes Petrol Price Nationwide [See Price For Each Region]
The Dangote Petroleum Refinery has announced a nationwide reduction in the pump price of Premium Motor Spirit, bringing relief to consumers across Nigeria. According to a statement released on the refinery’s official social media page, petrol prices will now range between N875 and N905 per litre depending on the region, reflecting a N15 decrease from […]
Oil prices fall to $65.48/barrel
Oil prices fall to $65.48/barrel Oil prices barely moved on Tuesday, May 20, 2025, as traders weighed the impact on supply from a possible breakdown in United States-Iran talks on Tehran’s nuclear programme. Brent futures dipped 6 cents to $65.48 a barrel by 0305 GMT, while U.S. West Texas Intermediate crude futures gained 1 cent […]
Cement War Ends? Rabiu Exposes Behind-The-Scenes Agreement With Tinubu And Dangote
Cement War Ends? Rabiu Exposes Behind-The-Scenes Agreement With Tinubu And Dangote BUA Chairman, Abdul Samad Rabiu, has disclosed that cement manufacturers in Nigeria have agreed to maintain current cement prices for projects under President Bola Tinubu’s Renewed Hope Agenda. According to Naija News, this move is designed to bolster the President’s national development drive. Rabiu made […]
Breaking: Again, Dangote Refinery Cuts Petrol Price
In a fresh move that signals intensifying competition in Nigeria’s downstream oil sector, the Dangote Petroleum Refinery has further slashed the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to N825 per litre, down from the previous price of N835. Could Amotekun Be Nigeria’s Grassroots Security Breakthrough? What Oyo Residents Are Saying […]
Petroleum Minister Tinubu Mute as Multibillion-Dollar Refineries Crumble
Petroleum Minister Tinubu Mute as Multibillion-Dollar Refineries Crumble President Bola Ahmed Tinubu serves as Nigeria’s minister of petroleum yet he has failed to provide updates on the failed repairs of the multibillion-dollar Port Harcourt, Kaduna and Warri refineries. In April, a document revealed that the Warri Refinery’s maintenance cost was about $656.9 million. The document also showed […]
Banks’ Customers To Pay ₦6 Per SMS Transaction Alert Starting Today
Banks will commence implementing charges for alerts and other short messages (SMS) communications to their customers at the rate of N6 for every SMS transaction with effect from today, Egalitarian Voice reports. This is coming on the heels of the increase in telecommunications rates by telecommunication providers following a nod by the Federal Government. The SMS charges […]
Electricity Tariff Now More Than New Minimum Wage – NLC
The Nigeria Labour Congress (NLC) has lamented that the current electricity tariff is more than the new minimum wage of ₦70,000 approved by President Bola Tinubu’s administration. NLC President, Joe Ajaero, stated that inflation has eroded the purchasing power of the minimum wage, rendering it ineffective. Ajaero noted that the tax regime, particularly the tax […]
FG Grants Tax Waivers To Dangote, Mikano, 103 Others Amid Calls For Reform
The Federal Government has granted tax waivers to Dangote Fertilisers, Mikano International Limited, and 103 other companies, raising the total number of beneficiaries under the Pioneer Status Incentive (PSI) scheme to 105 as of December 2024, This development comes amid mounting concerns over the policy’s economic effectiveness and the government’s plan to phase out the […]
NMDPRA: Nigeria’s Daily Petrol Consumption Reduced By 17m Litres Since Subsidy Removal
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria’s average daily petrol consumption decreased to 49.8 million litres from 66.9 million litres as of May 2023. Speaking during a State House briefing on Tuesday, Farouk Ahmed, NMDPRA’s chief executive officer (CEO), said the daily petrol consumption has dropped by 17.1 million litres since […]
Nigeria’s Inflation Jumps to 24.23%
Nigeria’s Inflation Jumps to 24.23% in March Nigeria’s inflation rate jumped to 24.23% in March 2025, up from 23.18% in February, according to the National Bureau of Statistics (NBS). The 1.05% rise highlights the ongoing squeeze on households already struggling with rising living costs. The latest NBS data shows widespread price increases across both urban […]