Nigerians may soon benefit from lower petrol and food prices as 22 ships carrying petroleum products, frozen fish, and other essential commodities berth at Lagos ports, the Nigerian Ports Authority (NPA) has revealed. The NPA’s latest Shipping Position report shows that the vessels are currently discharging cargo at Apapa, Tincan, and Lekki ports, signalling a …
Nigeria spent ₦4.13 trillion on the importation of Premium Motor Spirit (PMS), commonly known as petrol, in the first half of 2025. This is according to data released by the National Bureau of Statistics (NBS). According to the NBS data, Nigeria spent ₦1.76 trillion on the importation of Motor Spirit Ordinary (fuel) in the first …
Dangote Petroleum Refinery is to begin deploying Compressed Natural Gas (CNG)-powered trucks on 15 September as part of a sweeping logistics-free fuel distribution programme aimed at reducing fuel retail prices and easing inflation. The initiative, which is a ₦720 billion investment, will see 4,000 CNG‑powered trucks distributed nationwide to deliver refined petroleum products directly to …
