Ikeja Electric issued seven apologies in nine days over Band A’s missed 20-hour power target, citing grid faults and limits as premium customers face extra costs.
Ikeja Electric issued seven apologies in nine days over Band A’s missed 20-hour power target, citing grid faults and limits as premium customers face extra costs.
Imported petrol costs ₦68.67 more per litre than Dangote’s gantry price, as depot operators cut petrol and diesel rates across Lagos and other Nigerian cities.
Dangote Refinery cuts petrol gantry price to ₦1,215 per litre, raising hopes of cheaper fuel; NNPC, MRS and independent marketers prepare to lower pump prices.
Dangote Refinery has reduced its petrol gantry price to N1,210 per litre, prompting Lagos depot operators to lower their rates amid growing competition.
Petrol and diesel depot prices fell in Lagos, Warri, Port Harcourt and Calabar. Lagos saw the steepest cuts, which could ease costs for motorists and businesses.
Petrol prices fell by up to ₦81 per litre at Lagos and Calabar depots as Dangote Refinery fuels competition, but motorists may not see equal pump cuts now.
Petrol and diesel depot prices fell in Lagos, Warri, Port Harcourt and Calabar as competition grew, but rising Brent crude may limit further relief.
LASCOPA resolved 528 of 556 complaints against Ikeja Electric, securing ₦26.2m in refunds and credits for Lagos consumers facing billing and power disputes.
The Nigerian stock market gained N140.55 billion as the NGX All-Share Index rose 0.09%, extending its rally, while Honeywell Flour and May & Baker led gainers.
Dangote Group has signed a fuel supply agreement with Cameroon's SONARA, expanding its African market reach as Botswana also explores a separate petroleum deal.
Energy
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