Market Expectations Driving Short-Term Price Changes AN energy expert, Wumi Iledare, has attributed recent increases in petrol pump prices in Nigeria to market expectations and volatility in global crude oil prices rather than immediate supply shortages. Iledare, a Professor Emeritus of Petroleum Economics and Policy Research at Louisiana State University’s Centre for Energy Studies, said […]
Cement Price Spike Disrupts Housing Projects A sharp increase in cement prices across Nigeria is sending shockwaves through the construction and real estate sectors, raising concerns over delays, cost overruns, and the possible abandonment of housing projects. Across several parts of the country, a 50-kilogram bag of cement now sells between ₦11,500 and ₦15,000, compared […]
Industry on Edge as Deadline Approaches WITH less than three weeks remaining before the deadline for Nigeria’s banking recapitalisation exercise, anxiety and anticipation are rising across the financial sector. The recapitalisation programme introduced by the Central Bank of Nigeria (CBN) has triggered one of the most significant structural changes in the industry since the historic […]
NMDPRA Explains Rising Fuel Prices THE Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent rise in petrol pump prices across Nigeria to market forces operating under the country’s deregulated downstream petroleum sector. According to the authority, price fluctuations are expected within a deregulated market where supply, demand, and global events influence […]
Hardship Drives Women in Abuja Into Informal Taxi Business INCREASING economic pressure and rising living costs are pushing more women in Nigeria’s capital city to convert their private cars into informal taxis, commonly known as “kabu-kabu.” Across major junctions and bus stops in Abuja, the nation’s capital, a growing number of female drivers can now […]
Nigeria’s Economy: Recovery or Rebranding? WHEN President Bola Ahmed Tinubu recently declared that Nigeria was “out of the woods,” the remark immediately sparked debate across policy circles, markets, and households. The statement, delivered at the Presidential Villa, suggested that a mix of economic reforms, improving security conditions, and governance initiatives had begun steering the country […]
Refinery Adjusts Price as Global Oil Market Tightens THE Dangote Petroleum Refinery and Petrochemicals has raised its petrol gantry price to ₦995 per litre, marking another increase in domestic fuel pricing amid rising global crude oil costs linked to tensions in the Middle East. The adjustment comes only days after the refinery increased its ex-depot […]
Nigerian Brands and the Customer Service Paradox Nigeria’s digital economy is expanding rapidly, driven by innovation in banking, telecommunications and financial technology. Advertising campaigns promise seamless transactions, instant responses and customer-first experiences. Yet for many Nigerians, the daily reality tells a different story. Behind the polished commercials and sleek mobile apps lies a growing frustration: […]
Governor Encourages Women’s Economic Participation GOVERNOR Umo Eno of Akwa Ibom State has urged women across the state to take advantage of the cooperative empowerment initiative introduced by his administration to enhance economic development and personal growth. The governor made the call during the grand finale of the women sensitisation tour on civic responsibilities held […]
By FIDELUS ZWANSON FAAN Implements Hybrid Payment System THE Federal Airports Authority of Nigeria (FAAN) has temporarily adopted a hybrid payment system at airport toll gates, following a directive from President Bola Tinubu aimed at reducing traffic congestion during the rollout of a cashless policy. FAAN Managing Director, Mrs. Olubunmi Kuku, explained that the decision […]