Nigeria’s daily petrol consumption rose to an average of 56.74 million litres in October 2025, according to a report released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This reflects a 19.4 per cent year-on-year increase compared with the average daily consumption of 47.5 million litres in October 2024. The NMDPRA Fact Sheet, …
The World Bank has revealed that despite Nigeria’s recent reform gains, an estimated 139 million citizens still live in poverty. Speaking at the launch of the latest Nigeria Development Update (NDU) report in Abuja on Wednesday, the Bank’s Country Director for Nigeria, Mathew Verghis, commended the federal government for implementing bold macroeconomic reforms, including the …
