Pascal Oparada
5772 articles published since 29 Nov 2021
5772 articles published since 29 Nov 2021
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced petrol price reductions in Lagos, Abuja, and the South East after Dangote's cut
About four private depot operators have slashed their petrol prices to N839 per litre, below the N840 offered by the Dangote Refinery, sparking a price war.
Two commercial banks, Union Bank and FCMB, have commenced USSD charges from customers' airtime as the new billing system by NCC begins this July.
The Nigerian currency strengthened further against the US dollar in the official foreign exchange market on Wednesday, July 2, 2025, hitting N1,525 per dollar.
The price of liquified natural gas (LPG), also known as cooking gas, has dropped in Lagos, Abuja and other Nigerian cities following the strengthening of the naira.
Recent data from the National Bureau of Statistics shows that the average diesel price rose to N1,750 per litre in May 2025, despite a price cut by Dangote Refinery.
Despite the cut in the ex-depot petrol price by Dangote Refinery from N880 to N840 per litre, filling stations nationwide are yet to lower their pump prices.
The Nigerian currency has continued its upward climb against the dollar in official and parallel markets, closing at N1,527 and N1,565 per dollar, respectively.
Petrol prices have crashed at depots as private owners try to match Dangote Refinery's N840 per litre cost, triggering a new wave of price war in the industry.
Pascal Oparada
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