Petrol and cooking gas prices declined on a year-on-year basis in December 2025, indicating a gradual easing of household energy costs across Nigeria, according to separate reports released by the National Bureau of Statistics (NBS). The data showed that average prices paid by consumers for Premium Motor Spirit (petrol) and Liquefied Petroleum Gas (cooking gas)…

The Benue State Government has announced a strategic partnership with the Rural Electrification Agency (REA), a collaboration with the potential to deliver clean and renewable power to over one million people across Benue State. The announcement was made at the 24th State-by-State Energy Roundtable, held on January 28, 2026, where the Benue State Government unveiled…

The British Pound Sterling (GBP) closed the first month of 2026 with a relatively stable performance against the Nigerian Naira (NGN) on Friday, reflecting continued market confidence and the impact of ongoing currency stabilisation measures. Official Market Performance At the official Nigerian Foreign Exchange Market (NFEM), the Pound opened trading on January 30 at approximately…

Nigerians may be confronted with another increase in the pump price of petrol following a sustained rise in crude oil prices on the international market, just days after the most recent upward adjustment. Market analysts note that the continued surge in global crude prices is exerting fresh pressure on domestic fuel pricing, particularly in the…

The Federal Government has approved a ₦1 trillion metropolitan rail project for Kano State, marking a major step toward transforming urban transportation, boosting economic activity, and easing traffic congestion in one of Nigeria’s most populous cities. The approval, announced by government officials, forms part of the Federal Government’s broader strategy to modernise public transport infrastructure…

Traders in Onitsha, Anambra State’s commercial hub, have pledged to put an end to the long-standing Monday sit-at-home and resume full business activities, following renewed security assurances by the state government. The decision was announced after consultations between market leaders, traders’ unions, and relevant stakeholders, who agreed that the continued closure of businesses every Monday…

Consumers across Nigeria are already reaping rewards as NIVEA’s ₦3 billion national consumer promotion gains momentum, delivering instant wins and weekly cash prizes to participants nationwide. The ongoing “Win Your Share of ₦3 Billion” promotion has sparked widespread excitement, with real consumers receiving tangible rewards, reinforcing the brand’s message that loyalty truly pays. From instant…

The Nigerian naira began the final week of January 2026 on a positive note, recording a notable gain against the United States dollar in the official foreign exchange market. The appreciation is attributed to improved market liquidity and sustained strategic interventions by the Central Bank of Nigeria (CBN), aimed at stabilising the currency and easing…

The Central Bank of Nigeria (CBN) has announced plans to introduce a new regulatory framework governing debit card issuance and the operations of Automated Teller Machines (ATMs) across the country. According to the apex bank, the policy is aimed at addressing persistent cash access challenges, improving the reliability of ATM services, and ensuring a more…

Nigeria’s national electricity grid has suffered another collapse, the first recorded in 2026, plunging several parts of the country into darkness after power generation fell sharply to just 24 megawatts. The grid failure, which occurred in the early hours of the day, triggered widespread outages across distribution networks, disrupting homes, businesses, and essential services. At…

The Federal Government has banned electricity Distribution Companies (DisCos) from charging customers for meter installation, reaffirming its commitment to ending the long-standing practice of estimated billing across the country. The government disclosed that electricity meters will now be provided free of charge to consumers under approved national metering initiatives, warning that any DisCo found violating…