Hafsat Ibrahim

Diesel Prices Increase by 23.98% — NBS

The average retail price of Automotive Gas Oil (diesel) in Nigeria rose by 23.98 per cent year on year to N1,813.81 per litre in June 2025, according to data released by the National Bureau of Statistics (NBS).

FG Spends N929bn on Road Contract Revisions

The Federal Government has approved a staggering N929.06bn on contract variations and additions to inherited road and bridge projects since President Bola Tinubu assumed office in May 2023.

Oil Revenue Falls N16.2tn Short of 2025 Target

Nigeria's oil revenue fell short by N16.2 trillion in the first half of 2025, accounting for only 36.51% of the projected N25.52 trillion.

Dangote Launches Hotline to Report Stations Selling Fuel Above N739/litre

Dangote Petroleum Refinery has announced the launch of a dedicated hotline for Nigerians to report any MRS Oil Nigeria Plc filling station selling Premium Motor Spirit (petrol) above the approved pump price of N739 per litre.

FG Spends Over N150bn on 788,000 Students – Minister

The Federal Government has spent over N150 billion on 788,000 students in the Nigeria Education Loan Fund (NELFUND) initiative.

Africa’s Crude Consumption will Increase to 4.5mbpd by 2050 – Oil Refiners

The African Refiners and Distributors Association (ARDA) say the continent’s crude oil consumption will rise from about 1.8 million barrels per day (bpd) in 2024 to 4.5 million bpd by 2050.
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