Jalingo Petrol Prices Top ₦1,400 as Motorists Question Fuel Relief
High pump prices persist in Jalingo despite federal and NNPC relief measures, putting the focus on what motorists actually receive at filling stations....
Oil&Gas
Oil Above $106 Raises Petrol Pressure as NNPC Discount Faces Subsidy Questions
The government says NNPC’s temporary petrol discount is funded by foregone retail margin, not restored subsidy, as crude above $106 increases market pressure....
NLC gives FG two weeks on petrol price as NNPC Retail announces 30-day margin waiver
The NLC’s two-week petrol-price and minimum-wage ultimatum began on October 9 as the Federal Government announced that NNPC Retail would forgo its retail margin and sell petrol at cost for 30 days....
NLC Gives Government Two Weeks to Cut Petrol Prices as Relief Plan Faces Labour Test
Nigeria's labour federation has issued a two-week petrol-price ultimatum. The government's announced relief measures have not yet established nationwide pump-price reductions....
Nigeria Negotiates ₦1,350 Petrol Cost Ceiling as Oil Shock Tests Price-Relief Plan
Nigeria's proposed petrol-cost ceiling and temporary NNPC margin concession promise relief, but supplier obligations and actual consumer savings remain unverified....
Nigeria opens 40 oil blocks as test shifts from licences to actual drilling
Nigeria has opened 40 oil and gas blocks in its 2026 licensing round, but the real test will be whether successful bids translate into deployed capital, drilling and production....
Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over
Brent’s October 5 settlement stood $35.47 above Nigeria’s 2026 budget oil-price benchmark. But production, realised prices, government take and exchange rates determine how much of that apparent upside reaches public finances....
NNPC profit jumps 33% to ₦7.2tn despite 24% revenue fall
NNPC’s 2025 profit rose 33% to ₦7.2tn even as revenue fell 24% to ₦34.5tn, widening margins and raising a fresh reconciliation question over its provisional and audited profit figures....
Dangote, marketers cut petrol depot prices as crude eases below $100
Dangote Refinery cut its Lagos PMS depot price from ₦1,350 to ₦1,325 per litre, while other marketers also reduced prices. The next test is whether lower wholesale prices reach motorists at the pump....
NMDPRA proposes tougher competition rules to curb price-fixing and market abuse
NMDPRA is consulting stakeholders on 138 proposed regulations across 23 parts aimed at tackling anti-competitive conduct, abuse of dominance and unfair infrastructure access in Nigeria’s petroleum sector....