price

CBN forecasts petrol price at N950 per liter in 2026

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CBN forecasts petrol price at N950 per liter in 2026

The Central Bank of Nigeria (CBN) has projected that the price of Premium Motor Spirit (PMS), commonly known as petrol, could rise to about N950 per liter in 2026. Currently, the Dangote Petroleum Refinery has fixed its ex-gantry price at N699 per liter, while the retail price at MRS Oil, an authorized distributor, stands at … Read more

Nigeria’s Cooking Gas Crisis Explodes: 12.5kg Refill Hits N25,000 Amid PENGASSAN Strike Fallout and Supply Crunch

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Nigeria’s Cooking Gas Crisis Explodes: 12.5kg Refill Hits N25,000 Amid PENGASSAN Strike Fallout and Supply Crunch

As queues snake through Lagos streets under a relentless sun, Nigerian families scramble for scraps of cooking gas, their daily meals hanging in the balance. This cooking gas shortage Nigeria has morphed into a full-blown crisis, with LPG price Nigeria surging to N25,000 for a 12.5kg cylinder—up 43% in a week—fueled by PENGASSAN strike disruptions … Read more