Economy - Page 6

The average retail price of Automotive Gas Oil (diesel) paid by consumers rose by 25.24% year-on-year, to N1,758.26 per litre in May 2025 from N1,403.96 per litre in May 2024. Latest data released by the National Bureau of Statistics (NBS) titled “Automotive

Dangote Petroleum Refinery has reduced the ex-depot price per litre of petrol from ₦880 to ₦840. The downward review of the price of the premium commodity was confirmed in an update provided on Monday by a spokesman for the refinery, Tony Chiejina.

President Bola Tinubu has approved a new policy authorising the Infrastructure Concession Regulatory Commission (ICRC) to independently approve Public-Private Partnership (PPP) projects below ₦20 billion. A statement by the ICRC Director-General, Dr. Jobson Ewalefoh, released by the Acting Head of Media, Ifeanyi

Exactly two years after his historic appointment as the Comptroller-General of Customs by President Bola Tinubu during a meeting of the World Customs Organisation (WCO) Council at Brussels in June 2023, CGC Bashir Adeniyi has been unanimously elected as Chairperson of the

The Nigeria Export Processing Zones Authority (NEPZA), the Federal Government’s One-Stop-Shop Committee on the Sale of Crude in Naira, and the Dangote Refinery have agreed to midwife the presidential directive on crashing domestic prices of petroleum products to enhance national energy security