Business
Dangote Refinery Slashes Cooking Gas Prices to N760/kg
Dangote Refinery cuts cooking gas prices to N760/kg as local supply rises and naira stabilises, easing costs for Nigerian households
Nigeria has recorded a significant decline in cooking gas prices, led by Dangote Refinery, which recently reduced its ex-depot rate to N760 per kilogram.
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Other private depots now sell LPG at an average of N800 per kilogram, reflecting increased competition and supply.
The price drop is the sharpest since January 2026, following reduced imports and expanded domestic production.
Industry analysts attribute the decline to improved foreign exchange stability and greater refining capacity.
Retailers, including major outlets such as Gasland, have adjusted prices to around N950 per kilogram, factoring in distribution and operational costs.
Dealers report that easier access to LPG has eliminated previous long queues at supply points.
“The competition has gotten fierce, and pricing is now the main strategy to attract customers,” said Solomon Olarenwaju, a dealer in Lagos.
Experts predict further price reductions in the coming months if the naira remains stable and local production continues to rise.
They caution, however, that global energy market fluctuations and logistics costs could affect future rates.
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For millions of Nigerian households, the drop offers much-needed relief from high energy costs, encouraging a shift back to cleaner cooking alternatives like LPG instead of firewood and charcoal.
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026
UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action
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