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Nigerians Struggle Amid Cooking Gas Shortage, Price Surge
The Business NG
|The BusinessNG
Nigerians across major cities are grappling with persistent scarcity of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, as prices soar.
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In Abuja, prices range from N1,200 to N2,000 per kilogram, meaning a standard 12.5kg cylinder now costs between N15,000 and N25,000 in areas like Kubwa, Lugbe, Dutse, and Nyanya. Lagos residents are equally
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FLERE HISTORIER FRA The Business NG
The Business NG
Nigeria to Spend Nearly Half of 2026 Revenue on Debt Servicing
Nigeria's growing debt burden has come sharply into focus after President Bola Ahmed Tinubu revealed that the country will spend approximately $11.6 billion servicing debt obligations in 2026 —a figure estimated to consume nearly half of projected government revenue.
1 min
BusinessNg
The Business NG
Dangote Refinery Supplies 79% of Nigeria's Petrol as Fuel Imports Drop 37%
Dangote Petroleum Refinery strengthened its dominance in Nigeria's fuel market in April 2026 after accounting for about 79 percent of the country's petrol supply, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
1 min
BusinessNg
The Business NG
Nigeria Records 1.70 Million HIV Patients on Treatment as Benue Tops National Burden
Nigeria currently has 1.70 million people on antiretroviral treatment for HIV nationwide as of May 13, 2026, according to data from the National Data Repository compiled by TheCableIndex.
1 min
BusinessNg
The Business NG
FG Approves 40% Peculiar Allowance to Avert Nation-wide Civil Service Strike
The Federal Government has approved a 40 percent peculiar allowance for federal civil servants in a move aimed at preventing a looming nationwide strike across the public sector.
1 min
BusinessNg
The Business NG
Nigeria Has 168 Private Universities as South-West Emerges Highest
The South-West region has emerged as the zone with the highest number of National Universities Commission (NUC)-accredited private universities in Nigeria as of 2025.
1 min
BusinessNg
The Business NG
Nigeria's Oil Production hits 1.663 m Barrels Per Day in April
Nigeria's oil production recorded a significant rebound in April 2026, with the country achieving a combined daily average output of 1.663 million barrels per day (bpd) of crude oil and condensates.
1 min
BusinessNg
The Business NG
Nigeria Trails South Africa, Egypt in Latest African GDP Ranking
South Africa has maintained its position as Africa's largest economy in 2026 with an estimated Gross Domestic Product (GDP) of $479.96 billion, according to the latest economic projections.
1 min
BusinessNg
The Business NG
Nigeria Must Stop Depending on Borrowing for Development-Finance Minister
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigeria can no longer rely primarily on borrowing to finance national development.
1 min
BusinessNg
The Business NG
Lagos Residents to Face Higher Electricity Tariffs as State Government Rules Out Subsidies
Residents and businesses in Lagos may soon experience higher electricity tariffs after the Lagos State Government indicated it would not subsidise power costs for consumers.
1 min
BusinessNg
The Business NG
Transcorp Gets 'Blank Cheque' Mandate as Conglomerate Deepens Grip on Nigeria's Real Economy
A major development at the recent Annual General Meeting of Transnational Corporation Plc may have gone largely unnoticed, but analysts say it could signal the begin ning of an aggressive new expansion phase for one of Nigeria's most influential conglomerates.
1 min
BusinessNg
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