Nigeria imported £1.1 billion worth of refined oil from the United Kingdom in 2025, underscoring its continued reliance on foreign petroleum products despite efforts to expand local refining capacity.
Nigeria is set to receive 164,000 metric tonnes of petroleum products as eight vessels berth at ports in Lagos, Delta, and Cross River States, according to the Daily Shipping Position.
For millions of Nigerians, the real battle is not being fought in distant conflict zones. It is unfolding daily at filling stations, bus stops, markets, and kitchen tables.
Fuel, Logistics Costs Push Food Prices Higher
The average cost of cooking a pot of jollof rice for a Nigerian family has risen by more than 40 per cent of the national minimum wage, highlighting deepening pressure on household incomes amid surging food and transport...
The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.
Dangote Hints of N1,000/litre Petrol as Coastal Logistics Costs Soar
Dangote Petroleum Refinery has warned that continued reliance on coastal delivery of petroleum products could push petrol prices close to N1,000 per litre in Nigeria.
The company stressed that its preferred gantry loading remains the most...
