The Nigerian Midstream and Downstream Petroleum Regulatory Authority explains that petrol price fluctuations are driven by market dynamics under a deregulated system, with prices now exceeding N1,000 per litre in many cities.
The Nigerian National Petroleum Company Limited has increased petrol prices by N118, marking the second hike in under 24 hours, with rates now exceeding N1,000 per litre nationwide.
Petrol prices have skyrocketed above N1,000 per litre in major Nigerian cities following Dangote Refinery's price increase to N995 per litre. This surge, driven by global oil tensions, is impacting transport fares and business costs nationwide.
A fierce price competition among fuel marketers has pushed petrol prices beyond N1,000 per litre nationwide, with MRS stations selling at N1,057. NNPC adjusted prices twice in four days as Dangote Refinery increased ex-depot rates, sparking warnings that
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NNPCL has increased petrol prices for the second time in under 24 hours, pushing pump prices above ₦1,080 per litre in Abuja after a fresh gantry price hike by Dangote Refinery.
The Eko Electricity Distribution Company has scheduled a three-day electricity outage in Lekki and Apapa areas of Lagos for essential network maintenance and upgrades to improve service reliability.
Eko Electricity Distribution Company has scheduled a planned power outage in Lagos from March 14, 2026, affecting communities like Lekki and Apapa for essential network upgrades.
A Lagos food vendor named Peace has spent N100,000 on fuel after receiving less than two hours of electricity in five days, calling on the state government to address the power crisis.
Nigerian motorists face renewed hardship as petrol prices surge above N1,000 per litre, with NNPC, MRS, and Ardova leading adjustments. The hike follows global crude oil price increases and Dangote Refinery's ex-depot rate revisions, impacting fuel costs
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The Abuja Electricity Distribution Company has scheduled a 19-hour electricity outage in seven Kogi State areas due to TCN maintenance on March 7, 2026, affecting Lokoja and environs.
Charles Ogbu installed 12 solar panels, a 10kWh battery, and a 5kVA inverter in his village home. He now powers boreholes, freezers, and shops while warning about fake solar products in Nigeria's market.
Dangote Petroleum Refinery has increased its fuel price to ₦995 per litre, marking the second hike in four days. This surge is attributed to global crude oil cost increases amid the Iran-US conflict.
The Nigerian National Petroleum Company Limited has increased petrol and diesel prices at its Northwest outlets, with petrol reaching N1,013 and diesel N1,295 per litre. Regional disparities emerge as Lagos maintains lower rates while depot prices signal
Ikeja Electric has issued a formal apology to customers experiencing prolonged power outages, attributing the disruptions to severe gas supply shortages that have crippled Nigeria's electricity generation capacity.
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President Bola Tinubu has inaugurated an 11-member committee to establish the Grid Asset Management Company Limited (GAMCO), aiming to address stranded power and enhance electricity transmission in Nigeria.
Dangote Refinery has increased its petrol ex-depot price by N100, attributing the hike to rising global crude oil costs and geopolitical tensions. The adjustment pushes gantry prices to N874 per litre, affecting pump prices nationwide.
The Dangote Petroleum Refinery has suspended petrol loading operations, triggering speculation about another potential price increase in Nigeria's downstream petroleum market.
Nigerian households face soaring cooking gas prices, with retail rates reaching N1,300/kg due to rising global LPG costs and Middle East geopolitical tensions impacting energy markets.
Nigeria's electricity generation has fallen to 3,940.53 megawatts due to gas shortages, threatening worse blackouts nationwide. Learn essential preparation strategies for households and businesses facing extended power outages.
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The Nigerian Electricity Regulatory Commission has issued new guidelines enabling distribution companies to collaborate with law enforcement agencies to combat unauthorized access to electricity infrastructure.
Nigeria's electricity generation has fallen to 3,940.53MW as gas supply shortages cripple thermal power plants. The national grid faces severe constraints with plants receiving only 40% of required gas volume.
Fresh data reveals imported petrol costs N809.37 per litre, N64 less than Dangote refinery's N874 price, triggering controversy between importers and refinery officials amid global crude oil surge.
Nigerians face a 40% surge in cooking gas prices, with 1kg now costing N1,400 due to Middle East tensions disrupting global supply chains and crude oil markets.
Nigeria's electricity generation has dropped below 4,000MW due to severe gas supply shortages affecting thermal power plants, raising concerns about worsening nationwide power outages and grid instability.
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Dangote Refinery's suspension of diesel loading has triggered a 12% price hike to N1,200 per litre in Lagos depots, with concerns mounting over broader market impacts and consumer costs.
NERC reports 6.97 million metered electricity customers in Nigeria by December 2025, with a 57.27% national rate. Experts warn the pace is too slow to close the gap for 5.19 million unmetered users.
Nigerian cooking gas prices have surged to ₦1,400 per kilogram as Middle East tensions disrupt global energy markets, putting pressure on households and businesses.
The Federal Government, through the FCCPC, has announced a list of approved airtime and data lenders in Nigeria for 2026, aiming to enhance consumer protection and transparency in digital lending services.
Cooking gas prices in Nigeria have surged to ₦950 per kilogram as Iran's attacks on ships in the Strait of Hormuz disrupt global energy supply, causing immediate ripple effects across markets.
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The Nigerian National Petroleum Company (NNPC) has raised petrol prices nationwide, with Abuja at N960/litre and Lagos at N932/litre, amid global crude oil price surges.
