The Central Bank of Nigeria’s September surveys point in opposite directions. The business reading rose, and the household reading fell. The CBN’s composite Purchasing Managers’ Index rose to 53.0 in September from 52.7 in August. That is a fourth straight month…

Nigeria’s electricity subsidy obligation was N679.58 billion in six months, 35 per cent below a year earlier. The regulator ties the latest quarterly fall to less power being taken. Atiku Abubakar has pledged to restore the petrol subsidy if he’s elected in…

Eight unions have threatened a three-day warning strike from tomorrow. The price they want is under 40 per cent of the gantry price Dangote charged marketers on 21 September. Eight public sector unions want petrol at ₦500 a litre. On 21 September, Dangote’s gantry…

A Federal High Court has ordered the fuel regulator to keep licensing three named importers. Dangote’s separate case returns to a Lagos court on 7 October. Two cases are testing how the Petroleum Industry Act applies to fuel imports. One court has issued its judgment….

Public servants want cheaper petrol by Wednesday. Otherwise they strike Friday. Public servants want petrol at ₦500 a litre at the pump. Dangote Refinery’s reported gate price is ₦1,325. That is what marketers pay, not what motorists pay. The Joint National…

Tinubu has set 1 October as a target for lower fares, but implementation varies by state and route. Checks in Lagos and Abuja have found fares unchanged so far. Adebayo Ojo told Leadership on 7 September that the bus he took from Iyana-Ipaja to Oshodi in Lagos charged…

Half-price rice, paid in advance. On Monday, the shop was locked. A 50kg bag of rice cost ₦27,000 at a shop in Odi-Olowo, Osogbo. Dealer quotations reported by Legit.ng put a 50kg bag at between ₦51,000 and ₦55,000 in September. Those are national dealer figures,…