Nigeria turns to CNG as fuel costs surge

Nigeria is accelerating its shift to cheaper transport alternatives like Compressed Natural Gas (CNG) as rising petrol prices continue to strain households and businesses. The move comes amid global oil disruptions linked to tensions involving the United States, Israel, and Iran, which have pushed fuel costs higher and worsened inflation. CNG is being promoted as…

Read More

“You can’t compare fuel prices without comparing wages” — Atiku

Atiku Abubakar has criticised President Bola Ahmed Tinubu over his recent comparison of Nigeria’s fuel prices with those of other African countries, particularly Kenya. The criticism follows Tinubu’s remarks urging Nigerians to be grateful, stating that despite rising fuel costs, the country is still better off than nations like Kenya. Reacting through his spokesperson, Atiku…

Read More

AfDB approves $200m loan to boost Nigeria’s internet and digital skills

The African Development Bank has approved a $200 million loan to support Nigeria’s plan to expand its fibre optic infrastructure and strengthen digital skills and capacity across the country. The funding will drive a major nationwide project aimed at deploying about 90,000 kilometres of fibre cables. Expanding Nigeria’s backbone network from roughly 30,000 km to…

Read More

US slaps visa ban on Nigerians over religious violations

The United States government has begun enforcing visa ban on individuals accused of violating religious freedom in Nigeria, marking a significant escalation in diplomatic pressure. According to the U.S. State Department, the policy targets Nigerians who “knowingly direct, authorize, fund, support, or carry out” acts that undermine religious freedom. The restrictions may also extend to…

Read More

There will be lasting economic “scars” and fuel shortages even after Iran war— IMF warns

The International Monetary Fund (IMF) has issued a serious warning about ongoing global fuel shortages. Particularly for diesel and jet fuel, which are expected to persist for the foreseeable future. Although a tentative ceasefire has been announced between the United States and Iran. The critical Strait of Hormuz remains largely closed to major energy shipments….

Read More