Higher Petrol Prices Squeeze Fuel Importers’ Margins   Nigerian fuel importers are facing renewed pressure as rising international petrol prices and higher freight costs increase the cost of bringing products into the country, while the Dangote Petroleum Refinery’s pricing continues to limit import opportunities, according to...

NRC Mulls Fare Hike on Fuel Surge   The Nigerian Railway Corporation (NRC) is considering an upward review of passenger and freight tariffs as mounting operational costs continue to pressure its finances. The planned fare adjustment comes barely hours after the expiration of the Federal Government’s 50...

Dangote Refinery Debate Deepens as Don Seeks Policy Shift on Fuel Prices   Debates over the role of the Dangote Refinery in Nigeria’s rising fuel prices have intensified, as a Professor of Political Science at the University of Maiduguri, Ibrahim Umara, called for urgent policy reforms...

Minister Says FG Not Responsible for Setting Fuel Prices The Minister of State Petroleum Resources, Heineken Lokpobiri, emphasized that fluctuations in petrol prices at the pump are largely driven by the volatile price of crude oil in the international market. He said the downstream sector is...

Nigerians in the diaspora, represented by the Nigerian Professionals in Diaspora (NPID), are calling for an urgent review of the country’s monetary policies in response to the recent increase in fuel prices. 

In light of the recent hike in petrol prices and ongoing food supply challenges facing the country, economists have cautioned that the number of Nigerians living below the poverty line could soon surpass the 104 million projected by the World Bank for 2023.