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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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NNPC cuts petrol price to N1,130/litre in Lagos, N1,165/Litre in Abuja

THE Nigerian National Petroleum Company (NNPC) Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja, marking a fresh adjustment in response to shifting conditions in the domestic fuel market. The new pricing represents a N100 reduction in Lagos, where petrol […]

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Mar 09, 2026 post

NNPC moves to secure foreign crude for Dangote Refinery as fuel prices climb

THE Nigerian Government, through the Nigerian National Petroleum Company Limited (NNPC), is exploring the supply of foreign crude oil to the Dangote Petroleum Refinery through international traders to sustain domestic refining. Industry officials, however, say the move may not immediately lower petrol prices, as Nigerians continue to face rising fuel costs following recent price increases […]