Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)!-->!-->!-->!-->!-->…
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States Get Richer, Nigerians Get Poorer As Revenue Soars To N15.5trn
Nigeria’s states have never had it this good financially. But for millions of Nigerians, the story is markedly different.
As state revenues surged to an unprecedented N15.53 trillion in 2025, more citizens were battling rising food!-->!-->!-->!-->!-->…
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Banks offload N4.4trn surplus liquidity into CBN’s SDF
Nigerian banks have placed about N4.4 trillion of surplus funds with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF), as lenders seek safe returns on excess cash amid high money-market rates and the apex!-->!-->!-->…
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CNG: Long queues, scarce stations drive motorists back to petrol
The federal government’s beautiful promise of cheaper motoring is turning into a costly and traumatising wait for motorists who switched to Compressed Natural Gas (CNG).
Drivers are lamenting being stuck in long queues due to!-->!-->!-->!-->!-->…
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NMDPRA blames logistics costs, single-source refining for petrol price volatility
A file photo of petrol pump
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent volatility in petrol prices to rising logistics costs, crude oil sourcing challenges and reliance on!-->!-->!-->…
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IMF Raises Fresh Alarm Over Nigeria’s Debt And Funding Crisis
Headquarters building of the International Monetary Fund (IMF) located in Washington, D.C.
Nigeria and other developing economies may face tougher financial conditions as the International Monetary Fund (IMF) warns that rising!-->!-->!-->…
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PEWI @75: REFLECTIONS ON NIGERIA’S PETROLEUM INDUSTRY, VALUE CREATION AND THE UNFINISHED ECONOMIC…
Wumi Iledare, PhD, FNAEE, SrFUSAEE, FEIN, Professor Emeritus of Petroleum Economics, LSU Energy Institute, Principal Facilitator, FUPRE Energy Business School, and Executive Director, Emmanuel Egbogah Foundation
1.0 YESTERDAY — THE!-->!-->!-->…
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Outcry as fake products flood Nigerian markets
There is growing concern among Nigerians over the proliferation of counterfeit and substandard products in markets across the country, with consumers raising questions about the effectiveness of regulatory agencies in curbing the!-->!-->!-->…
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PENGASSAN: Subsidy removal must bring relief to Nigerians
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government to ensure that the economic gains from fuel subsidy removal translate into tangible improvements in the lives of Nigerians.
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Kaduna Rises To 2nd In Nigeria’s Ease Of Doing Business Ranking
The Chief Strategic Adviser on Inter-Governmental Affairs to Governor Uba Sani, Hon. Audu Maikori, has said Kaduna State now ranks second in Nigeria’s ease of doing business ranking, moving up from eighth position.
Maikori!-->!-->!-->!-->!-->…
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Nigeria’s business performance index rises to 112.7 in August, highest since February 2026
Nigeria’s business environment expanded further in August 2026, with the composite Current Business Performance Index (CBPI) rising to 112.7 points from 108.6 points in July.
This is according to the Nigerian Economic Summit Group!-->!-->!-->!-->!-->…
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