Lagos receives five fuel vessels as supply concerns mount
Lagos has received five vessels carrying petrol and diesel, bringing relief amid growing fuel supply concerns. The ships delivered about 95,000 metric tonnes of Premium Motor Spirit and Automotive Gas Oil within two days. According to the Nigerian Ports Authority, the vessels arrived between March 27 and March 29, 2026. Some of the deliveries were […]
NNPC Cuts Petrol Price By N100 In Lagos, N95 In Abuja
The Nigerian National Petroleum Company Limited (NNPC) has lowered petrol prices at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja. This reflects a N100 drop in Lagos and N95 in Abuja from previous rates. Several NNPC stations in Lagos, including Isheri Oshun Road, Apple Junction, and Ago Palace […]
Nigerian Government Removes VAT on Cooking Gas, CNG, and Diesel to Reduce Living Costs
The Nigerian government has made a significant decision to remove the Value-Added Tax (VAT) on several energy products, including cooking gas (Liquefied Petroleum Gas), Compressed Natural Gas (CNG), and diesel (Automotive Gas Oil). This step aims to reduce the high cost of living and attract more investments in the energy sector. Wale Edun, the Minister […]