As of May 2025, the price of cooking gas in Nigeria has experienced a notable decline, offering some relief to households and businesses reliant on Liquefied Petroleum Gas (LPG) for cooking and energy needs.Here is the updated cost breakdown based on the new price of ₦1,050 per kilogram:1kg of Cooking Gas: ₦1,050 3kg of Cooking…
Petroleum marketers and fuel retailers have projected a drop in petrol prices to below ₦900 per litre at filling stations across Nigeria, following a fresh price cut by Dangote Refinery.On Monday, the 650,000-barrel-per-day Dangote Refinery in Lekki, Lagos, introduced a ₦10 refund for customers purchasing premium motor spirit (PMS) at ₦835 per litre.This development, reported…
Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 15th May 2025 What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?See the black market Dollar to Naira exchange rate for 14th May, below. You can swap your dollar for Naira at these rates….
The Federal Government has stated that the country attracted over $8bn in investments for deepwater and gas projects within a year. This represents an increase from a total of $6.7bn earlier announced as investment in the energy sector in 2024. The Special Adviser to the President on Energy, Olu Verheijen, made this known during her…
The British High Commissioner to Nigeria, Richard Montgomery, has lauded Nigeria’s ongoing economic reforms, describing them as key drivers for the country’s growing potential as an investment hub. Speaking at a press briefing in Abuja on Wednesday, Montgomery emphasised that the reforms underway are making Nigeria an increasingly attractive destination for foreign investment, particularly from…
