Updates

Dangote Refinery Reduces PMS Price Again by N15; Now N875/Litre

May 22, 2025/Dangote Group Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS).  As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos; N885 per litre in […]

Composite PMI Remains in Expansion Zone for the Fifth Straight Month

May 22, 2025/CSL Research The Central Bank of Nigeria (CBN) has released the Purchasing Managers’ Index (PMI) report for April 2025, covering the Industry, Services, and Agriculture sectors. The composite PMI stood at 52.2 points, indicating continued positive momentum in the Nigerian economy. This marks the fifth consecutive month of […]

Wärtsilä Chosen for a 30 MW Power Plant Project in Nigeria

May 22, 2025/Alesia Communications Technology group Wärtsilä will supply power generation equipment for a new 30 MW power plant being set up on Victoria Island in Lagos by a Nigerian independent power producer (IPP). Wärtsilä will also operate and maintain the power plant for a period of five years on […]