KEY POINTS Nigeria’s oil and gas industry recorded a notable rise in capital inflows in 2025, attracting $17.98 million compared to $5.12 million in 2024, according to the latest capital …
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KEY POINTS Nigeria imported petrol valued at N84.69 billion from Togo in the fourth quarter of 2025, according to newly released foreign trade statistics by the National Bureau of Statistics …
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KEY POINTS The cost of petrol across Nigeria eased again in January 2026, offering motorists a bit of breathing space after months of high fuel expenses. Fresh figures released by …
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Import Bill Hits ₦4 Trillion in Just Six Months as Refining Lags
KEY POINTS Nigeria has spent a staggering ₦4 trillion ($2.58 billion) on petrol imports in the first half of 2025, according to fresh trade data that underscores the country’s stubborn …
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KEY POINTS In July, Nigeria’s petrol prices slightly decreased, providing little respite to consumers from months of high energy prices that still have a significant impact on household budgets and …
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KEY POINTS Nigerians are paying significantly more to power their generators and heavy-duty vehicles as diesel prices continue to climb. Energy News Africa reports that the average retail price of …
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In the NewsOil & Gas
Nigeria’s Petrol Prices Jump 38% as Subsidy-Free Market Spurs Regional Disparities
KEY POINTS The average price of petrol in Nigeria surged to ₦1,037.66 per litre in June, up nearly 40% from a year earlier, as government deregulation continues to ripple through …