Petrol Depot Prices Drop as NAFDAC Shuts Three Ogun Factories Over Banned Sachet Alcohol

Nigerians could see some relief at the pumps after petroleum marketers reduced depot prices of Premium Motor Spirit (PMS) by as much as ₦23 per litre, a move expected to ease retail fuel prices if sustained. The price adjustment comes amid increased competition among suppliers and improving product availability across the country. Meanwhile, the National…

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Nigerian Manufacturers Pay Up to 10 Times More for Electricity Than Asian Rivals – MAN

The Manufacturers Association of Nigeria (MAN) has raised fresh concerns over the country’s rising production costs, warning that Nigerian factories are paying up to 10 times more for electricity than manufacturers in parts of Asia, making it increasingly difficult for local industries to compete globally. Speaking on the challenges facing the manufacturing sector, industry leaders…

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