Nigerians may no longer depend on imported petrol to the same extent as before, but that shift has not eliminated the factors keeping pump prices elevated. Aliko Dangote, President of Dangote Group, has explained that producing petrol locally does not automatically make the commodity cheap because the refinery still operates within a market influenced by […]
Nigerians are facing fresh pressure on transportation, food distribution and business costs after Dangote Petroleum Refinery increased its petrol gantry price to N1,350 per litre, the fourth upward adjustment by the refinery since August. The new price, which took effect on September 12, 2026, represents an N85 increase, or about 6.7 per cent, from the […]
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Nigeria’s renewed drilling activity is yet to translate into the kind of sustained crude oil production growth that would significantly strengthen government revenue, foreign-exchange earnings and the country’s position in the global oil market. The latest figures point to a more complicated picture than simply a shortage of rigs. While drilling activity has continued over […]
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ABUJA — Nigeria’s long-running fuel subsidy controversy has returned to the centre of the country’s political debate, with President Bola Ahmed Tinubu rejecting any move back toward subsidy and former Vice President Atiku Abubakar proposing a new system that would direct government support toward domestic refining. The disagreement is more than a political exchange ahead […]
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For years, successive government interventions have sought to restore free movement along Lagos’ Apapa and Kirikiri corridors. Yet, long queues of petroleum tankers continue to dominate the roads, slowing commercial activities, delaying cargo movement, and leaving commuters trapped in hours of traffic. Industry stakeholders say the recurring congestion is no longer simply a traffic management […]
