Petrol Price Hike Looms as Energy Experts Shift Focus from Solar to Battery Storage

Nigerians may soon face another increase in petrol prices as fuel importers prepare to raise depot prices from ₦1,230 to ₦1,350 per liter, a move expected to squeeze marketers’ margins and push retail pump prices higher in the coming days. The increase comes amid rising import costs and continued pressure on foreign exchange, with marketers…

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dangote refinery business

Business News Today: Dangote Cuts Fuel Prices Again, Nigeria Joins IEA, NDIC Begins Liquidating 46 Microfinance Banks

Nigeria’s business landscape recorded three major developments on Thursday, with fresh fuel price relief from the Dangote Petroleum Refinery, a milestone in the country’s global energy profile, and regulatory action in the banking sector. In the downstream oil sector, Dangote Petroleum Refinery announced its fourth consecutive reduction in the ex-depot price of Premium Motor Spirit…

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