Tag: fuel prices

CBN rate cut pressure rises as 63% of Nigerians demand lower interest rates

Business Damilola Bayonle -
Nigeria interest rates dominate economic debate ahead of MPC decision Nigeria’s interest rate debate has entered a politically and economically...

Nigeria inflation rate may rise to 15.95% as fuel prices, oil shock push up cost of living

Business Damilola Bayonle -
Nigeria inflation rate is projected to rise for the second consecutive month in April 2026, signalling a sharp interruption...

Nigeria fuel supply 2026: New NMDPRA boss warns global oil shocks could test energy stability

Business Damilola Bayonle -
Nigeria Fuel Supply 2026 Enters Critical Phase Amid Global Oil Market Tension Nigeria’s fuel supply system is entering a decisive...

Tinubu economic optimism: Nigeria will overcome economic challenges

Business Damilola Bayonle -
Nigeria’s President, Bola Ahmed Tinubu, has reassured citizens that the country will overcome its current economic headwinds, expressing confidence...

Dangote-NNPC deal in crisis as $5bn crude shortfall disrupts refinery operations

Business Damilola Bayonle -
Dangote-NNPC Deal Hits Turbulence Over Crude Shortfall Nigeria’s ambition to strengthen domestic refining capacity is facing a significant setback as...

Petrol Consumption in Nigeria Drops to 1.59bn Litres in November After October Surge

Business Damilola Bayonle -
Understanding the Shift in Petrol Consumption in Nigeria Nigeria’s petrol consumption in Nigeria declined to an estimated 1.59 billion litres...

Naira-for-Crude Program: FG, Dangote Refinery Engage in Talks

Damilola Bayonle -
The Federal Government and Dangote Refinery are set to engage in talks over the renewal of the Naira-for-Crude deal,...