…development comes amid growing concerns over the circulation of fake food products in Nigerian markets, with counterfeiters allegedly exploiting the popularity of established brands to deceive consumers and profit from products whose composition and safety cannot be guaranteed. In January 2026, NAFDAC raised the alarm…

…the scheme had helped strengthen confidence in products manufactured and sold in the Nigerian market through standardisation, certification and conformity assessment. The permanent secretary noted that consumers needed confidence in the products they purchased, while manufacturers required an environment where quality…

…markets than in others.What ₦50,000 can buyA FarmAgric food-price tracker covering 10 Nigerian markets provides a useful reference for planning purchases. Its September figures put a derica of locally manufactured rice at ₦833, a derica of Oloyin beans at ₦969 and a 2.6kg paint of white garri at ₦1,289. A mediu…

…he said. Cardoso identified greater participation by Chinese financial institutions in Nigerian markets as a practical opportunity to broaden the relationship. “We believe there is considerable scope to broaden this relationship, particularly by encouraging greater participation by Chinese financial institutions in Nig…

…operations in Nigeria. Osonwa said it was unacceptable for companies benefiting from the Nigerian market to ignore legislative invitations, particularly when lawmakers sought explanations on issues directly affecting their customers and the wider economy. He maintained that telecommunications operators had a responsibi…

…Compliance process will strengthen the Commission’s oversight of devices entering the Nigerian market and improve its ability to identify potential irregularities in their importation and distribution,” it said. The commission disclosed that it had engaged manufacturers, importers and relevant industry associations, ur…

…full-fledged war against the grey market through which millions of devices pour into the Nigerian market, phone theft, which is prevalent in this part of the world – a stolen phone can now easily be knocked off the networks – and ensuring the fidelity of products. Phone buyers are investing in genuine products that can…

…has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.Garri prices have declined, with white and yellow varieties recording lower average prices in October compared to January 2026 prices.Data tracking the monthly average price of a 2.…

…illegal pesticide supply chains and prevent prohibited products from entering the Nigerian market through neighboring countries and unauthorised routes. In a statement obtained by Sunday PUNCH on Saturday, signed by its Director-General, Professor Mojisola Adeyeye, NAFDAC expressed concern that pesticides lacking requi…

…the agency was intensifying surveillance, enforcement and public education to rid the Nigerian market of banned, unregistered, falsified and improperly used pesticides.“NAFDAC is not against the responsible use of pesticides. Rather, the agency seeks to ensure that pesticides sold or used in Nigeria are safe, approved…

…within Nigeria. Which is growing. “Soon you will see that we only have in the Nigerian market standard solar panels, either manufactured in Nigeria or imported from reliable sources, and they’re all high standard to ensure that we have energy assets being supported by solar power or renewable energy,” the minister said…

…price at which I sell crude on the international market will be different from the Nigerian market. We will do domestic pricing," Amaechi said. "I will then sit with Dangote and tell him to give me a subsidy of N5,000. Once that happens, the price of fuel will come down."He added that only refinery owners in Nigeria wo…

…a consortium-based structure that reshapes how petrol from the plant reaches the Nigerian market.A communication shared with petroleum marketers on Thursday, October 8, 2026, confirmed the arrangement and listed the approved companies. Going forward, purchases of petrol from the refinery are to be routed through this g…

…of agricultural chemicals and the presence of substandard or unsafe products in the Nigerian market. Adeyeye has repeatedly defended NAFDAC’s regulatory and enforcement activities, while the agency has continued to carry out seizures and other enforcement operations against products it considers unsafe or unfit for con…

Food prices of several popular staples fell in Nigerian markets in September, giving consumers some reliefSweet potatoes, plantain, maize, pepper, garri, beans and rice were among the items that became cheaperHowever, prices remained mixed, with some foods such as egusi, tomatoes and vegetable oil becoming more expensi…

UK diesel prices hit a record 200.01p per litre, while Dangote cut its Nigerian wholesale rate by ₦70The refinery’s lower price could ease costs for Nigerian businesses, but savings at the pump are not guaranteedG7 nations plan to release 100 million barrels of oil and petroleum products to cool supply pressuresPAY ATT…

…pace with rising domestic demand.Falade said NLNG had directed all its LPG output to the Nigerian market since 2022, with production rising to about 500,000 tonnes annually.He said:"As of last year, we were already producing in-country 500,000 tonnes of LPG, but guess what? It's now just about 40 per cent of the countr…

…of aviation fuel, also known as ATK.Of its PMS output, 35.87ml/d was supplied to the Nigerian market, while 9.73ml/d was exported.For AGO, domestic receipts stood at 12.37ml/d, while exports reached 8.75ml/d.Nigeria Gets More Petrol From Dangote Refinery as Crude Supply to Local Refineries Surges>The refinery recorded…

…digital payments and financial inclusion demonstrate its long-term commitment to the Nigerian market.The company reassured its customers and merchants that they can continue using its services normally and encouraged the public, media organisations and social media users to verify claims before sharing or acting on the…

…it’s shutting down because it can no longer innovate and compete effectively in the Nigerian market,” he said. Also reacting, Akin Olaoye said: “Uber @uberng is gone from Nigeria after 12 years. I am not surprised. “This market punishes platforms that assume trust. “The company built the marketplace, while the driver s…

…Our prices are always realistic because we are following a process that gives the Nigerian market or the Nigerian person the opportunity to be better served by petroleum. So, that is what is on the issue. “It is not from petroleum retailers. The issue is from the supplier,” he told DAILY POST. Real reason for latest fu…

…capacity to independently verify and certify the specifications of products entering the Nigerian market. The concerns come as Nigeria’s downstream petroleum sector undergoes a structural transition from longstanding import dependence towards greater domestic refining. With a capacity of 700,000 barrels per day, Dangot…

…NLNG of government supportNLNG MD said the company sends 100% of its cooking gas to the Nigerian market, with Train 7 expected to increase domestic supplyPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, techno…

…MSMEs, technology, banking and the economy.Petrol depot prices increased in most major Nigerian markets between Monday, August 17 and Friday, August 21, 2026, as rising international crude prices and supply concerns linked to the Strait of Hormuz put pressure on the downstream market.According to Petroleumprice.ng, PMS…

…Nigeria remained one of the largest revenue-generating beverage companies in the Nigerian market.7. Unilever Nigeria Plc — N119 billionUnilever Nigeria generated N119 billion in revenue during the first half of 2026, ranking seventh.The company recorded profit after tax of N15.59 billion, indicating that it remained pr…