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Cooking gas price drops 17.4% to N11,875 – Investigation
In August 2025, the cost to refill a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly called cooking gas, saw a significant decrease of 17.4 percent compared to the previous month, dropping from N14,375 in July to N11,875.
Experts’ line-up for gas investment forum
The Gas Investment Forum (GIF) in 2025 will act as a key venue for important discussions about Nigeria's gas monetization plans and efforts to industrialize through energy.
NELFUND to stop upkeep loans during school holidays
On Thursday, the Nigerian Education Loan Fund announced that the distribution of upkeep loans is now specifically linked to the academic calendar of each institution.
Customs is hit by a cyberattack that interferes with container clearance.
A recent cyber attack on the Nigeria Customs Service's (NCS) Information Communication Technology (ICT) platform has severely disrupted cargo clearance activities at ports throughout the nation.
According to NMDPRA, fuel usage decreased 16% in June to 1.44 billion litres.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, known as NMDPRA, reported that petrol consumption, recognized as Premium Motor Spirit (PMS), fell to 1.44 billion litres in June 2025, a decline from 1.76 billion litres in May 2025, which marks a 16.42 per cent decrease over the month
Banks’ deposits with CBN soar 783% to N79.8trn
The Central Bank of Nigeria (CBN) witnessed a staggering increase of 783.7 percent year-on-year (YoY) in banks' deposits, climbing to N79.8 trillion in the first seven months of 2025 (7m’25), up from N9.03 trillion during the same time in 2024 (7m’24). This surge indicates a significant amount of excess liquidity within the banking sector.
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