The Federal Government has announced a 30-day discount on NNPC petrol sales and proposed a N1,350-per-litre landing cost ceiling to reduce fuel price volatility.
The Federal Government has announced a 30-day discount on NNPC petrol sales and proposed a N1,350-per-litre landing cost ceiling to reduce fuel price volatility.
The FG and Lagos State will launch a 24/7 electricity pilot in Lagos, with a joint committee tackling supply challenges before expansion to other corridors.
Ikeja Electric blames reduced supply on a national grid allocation shortfall, pledges fair distribution as customers report more than 160 hours without power.
Nigeria’s electricity generation plunged to 2,033.66MW as 16 power plants recorded zero output, worsening blackouts and forcing businesses to rely on diesel.
Dangote Refinery halts petrol sales to major importers, prioritising independent marketers as fuel firms oppose the move and warn it could restrict imports.
Petrol prices in Calabar and Port Harcourt have fallen below Dangote Refinery’s rate as increased supply and intense depot competition drive prices lower.
MRS, AA Rano and Ranoil have cut petrol prices across Lagos and Abuja, offering motorists some relief as competition intensifies following Dangote's reduction.
Nigeria installed 707,765 electricity meters in H1 2026, up 71%, but more than 4.8 million customers remained unmetered as the national rate reached 61.51%.
Ikeja Electric says five Lagos Band A feeders missed the daily 20-hour power minimum; faults and grid instability disrupted Oshodi and Shomolu over two days.
UK diesel hits 200.01p per litre as Dangote cuts Nigeria’s wholesale rate by ₦70; G7 plans 100m barrels to ease supply pressure, but pump savings uncertain.
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