Loading...

Please wait while we get things ready for you

Lavamgam

The whole news day, read for you in minutes.

Instagram

Product

News
Summaries
Analysis
AI Chat
Newsletter
RSS Feed

Company

About Us
Features
Pricing
Contact Us
Help Center

Legal

Privacy Policy
Terms of Service
Cookie Policy
Refund Policy
Report Content

Nigeria Economy & Naira: Petrol Nears N1,500 as Dangote IPO Opens and Inflation Threatens to Climb | Lavamgam

Economy

Negative

Nigeria Economy & Naira: Petrol Nears N1,500 as Dangote IPO Opens and Inflation Threatens to Climb

Petrol prices in Abuja have hit N1,430 per litre, inching closer to the N1,500 threshold after Dangote Refinery increased its gantry price by N85 to N1,350 per litre. The spike is driven by a surge in crude oil prices, with Brent crude now trading at around $108.21 per barrel. Economists warn this could worsen inflation and deepen hardship for households.