…for a major release of diesel, as he eased war sanctions on Moscow in a push to lower energy costs ahead of midterm elections. Moscow has been hit with waves of sanctions by the United States and partners since its 2022 invasion of neighbouring Ukraine, and President Volodymyr Zelensky criticised Trump for an “unworthy…

…for Growth Initiative, describing the policy as part of efforts to reduce transport and energy costs while accelerating the country's transition away from petrol.

…of NATO and the European Union. European officials have expressed concern over high energy costs and the wider economic consequences of the conflict, according to the US sources. Zelensky’s chief of staff Kyrylo Budanov and intelligence chief Rustem Umerov will be among Ukraine’s representatives, alongside senior negot…

…hardship for households and businesses, particularly through higher transport, food and energy costs. Despite the adjustment pains, Nigeria’s economy has continued to expand during the period under review. Real Gross Domestic Product growth rose from 2.54 per cent in the third quarter of 2023 to 3.46 per cent in the fo…

…deep sympathy for Nigerians struggling under the weight of surging transport, food and energy costs. The former vice president pledged a direct policy shift if elected, declaring, “I will make life affordable again.” 7. The Sokoto State Police Command has foiled an attempted bandit attack on the Tsabre community in Isa…

…ensure that its promise of prosperity translates into cheaper food, lower transport and energy costs, jobs for young people and safer communities. For ordinary Nigerians, CAN said, the real question is not what the economic figures say but whether families can afford the basics, young people can find decent work and pe…

…reform are improving economic and social outcomes."Government Urged to Cut Transport and Energy CostsYusuf called for significant investment in mass transit, rail freight and logistics networks to bring down transportation costs. He also urged the government to speed up the rollout of Compressed Natural Gas, solar ener…

…Nigeria, offering much-needed relief to households struggling with rising food and energy costs.The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has fallen by about 39 per cent nationwide to between N1,100 and N1,650 per kilogramme, following an increase in supply.Cooking gas prices crash in…

…figures showed continued growth despite persistent inflationary pressure, high energy costs and foreign exchange volatility.Nigerian Breweries led Nigeria’s consumer goods companies by revenue Photo: BloombergImagesPAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!Below are the top 10 con…

…he said is about 70 per cent cheaper than petrol, as a more workable path to reducing energy costs for citizens.He called on Atiku and other political actors to present Nigerians with the full legal and fiscal details of any subsidy restoration plan before the 2027 vote.Wike attacks AtikuPreviously, Legit.ng reported t…

…for residents. He noted that access to cleaner cooking gas would help households reduce energy costs, improve health outcomes and protect women and children from the dangers associated with traditional cooking fuels. Noting that Akwa Ibom is “open for business,” Eno invited investors to explore opportunities across the…

…spending, seasonal demand associated with the festive period, and relatively high energy costs could generate temporary cost-push inflationary pressures during H2-2026. “Howevaer, these pressures could be partly offset by continued exchange rate stability, the lagged effects of tight monetary policy, and favourable bas…

…downward pressure on prices. It said industry players had attributed the high prices to energy costs, naira depreciation, imported machinery and spare parts, transportation and logistics expenses. However, the FCCPC said it was testing those explanations against verified information on production costs, pricing, capaci…

…excess capacity. “Information provided by industry participants has identified energy costs, depreciation of the Naira and its effect on imported machinery and spare parts, as well as transportation and logistics costs, among the factors contributing to cement prices. The Commission is testing these explanations agains…

…inflationary pressure is concerned. “I’m talking about food inflation, transportation, energy costs and utilities. Those ones continue to be the driving force. “Unfortunately, that is an area which impacts a lot on ordinary people. “That is why the ordinary citizen still continues to be very vulnerable, even with the d…

…inflationary pressure is concerned. “I’m talking about food inflation, transportation, energy costs and utilities. Those ones continue to be the driving force. “Unfortunately, that is an area which impacts a lot on ordinary people. “That is why the ordinary citizen still continues to be very vulnerable, even with the d…

…challenges, including soaring inflation, persistent foreign exchange shortages, high energy costs and weak industrial productivity. The bank disclosed the plans in its 2025 Annual Development Impact Report, analysed by our correspondent, describing 2026 as a “strategic inflection point” in its three-year transformation…

…generation to sustain production and create jobs but continued to grapple with soaring energy costs. Onafowokan described the current gas pricing regime as a disincentive to industrial investment, insisting that lower prices would enable manufacturers to expand production, employ more Nigerians and compete more effecti…

…conceived to tackle one of the biggest constraints facing businesses in Nigeria: high energy costs resulting from unreliable electricity supply and dependence on fossil fuel-powered generators. He said, “The Tinubu Light Initiative seeks to change this narrative. Through innovative financing models, strategic partnersh…

…facilities operational. Several federal universities have repeatedly warned that rising energy costs are threatening academic activities, forcing some institutions to ration electricity supply and increase utility charges for students. The proposed investment also aligns with the Federal Government’s broader drive to e…

…blood banks, oxygen plants and cold-chain systems for vaccines and medicines. Rising energy costs have also increased the operational burden on tertiary hospitals, with several facilities spending hundreds of millions of naira annually on diesel and electricity. To address the challenge, Tinubu approved the Nigeria Pow…

…cut petrol, diesel and cooking gas consumption during the first half of 2026 as higher energy costs squeezed household incomes and raised transportation and production costs. An analysis of the H1 2026 Downstream Industry Analysis Report by the Major Energy Marketers Association of Nigeria, obtained by The PUNCH, showe…

…community and visitors to cooperate with the directive, saying it is necessary to reduce energy costs and ensure the prudent use of university resources. by Linda Ikeji at 04/08/2026 4:18 PM | Share this Story

…salaries no longer lasted through the month, manufacturers were struggling with high energy costs, while unemployed graduates faced uncertain futures. Atiku also pointed to worsening insecurity, saying farming communities had been displaced by terrorists and bandits, while kidnappings and violent attacks continued to l…

…margins, demonstrating that efficiency improvements are helping offset inflation, energy costs and logistics expenses.4. Exchange-rate stability is improving earningsBUA was the clearest beneficiary, swinging to sizeable foreign exchange gains that sharply reduced finance costs.Dangote, however, continued to experience…