Atiku Faults Tinubu’s Fuel Price Claims

  Former Vice President Atiku Abubakar has faulted President Bola Tinubu’s comparison of Nigeria’s fuel prices with other African nations, insisting lower petrol costs do not reflect Nigerians’ economic hardship. The African Democratic Congress chieftain’s position came in a statement issued in Abuja on Saturday by his Senior Special Assistant on Public Communication, Phrank Shaibu….

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US Inflation Jumps to 3.3%

  Consumer prices in the United States climbed sharply in March, driven by a historic surge in gasoline costs triggered by the ongoing conflict in the Middle East, according to government data released Wednesday. The US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose 3.3 percent year-on-year in March, a…

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DisCos Generate N205bn From Customers in July

DisCos Collect N204bn as Gas Debts Cripple Power Generation

Nigerian electricity distribution companies (DisCos) collected N204.74 billion from consumers in January 2026, despite a near-collapse of the national grid. Data from the Nigerian Electricity Regulatory Commission (NERC) reveals that revenue remained high even as power supply plummeted to roughly 2,000 megawatts. This paradox was driven by a debt crisis between gas suppliers and generation…

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Dangote Refinery Slashes Petrol Price to ₦1,200

  Dangote Refinery has reversed its recent fuel price adjustment, reducing the ex-gantry price of Premium Motor Spirit by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday. The reduction comes weeks after the facility raised petrol prices to approximately ₦1,275 per litre, citing volatility in international oil markets that had elevated supply costs….

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Naira Gains Modestly at ₦1,382/$ on NFEM

  The Nigerian Naira opened trading on Wednesday, April 8, 2026, with modest appreciation against the United States Dollar at the Nigerian Foreign Exchange Market, even as the parallel market continued to trade at a significant premium. The divergence between official and unofficial exchange rates highlights persistent structural pressures within the domestic foreign exchange ecosystem….

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Dangote Refinery Leads European Jet Fuel Supply

Dangote Refinery Exports 17 Petrol Cargoes To African Countries

The Dangote refinery has emerged as a critical energy lifeline for Africa as the conflict between the United States and Iran paralyses Middle Eastern shipping. Operating at its full 650,000-barrel-per-day capacity, the Lagos-based facility recently exported 17 cargoes of petrol to nations across West, Central, and East Africa. This surge in regional trade follows the…

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