Business
Nigeria LPG Supply Falls Amid Rising Prices and Middle East Crisis
Nigeria’s LPG supply and consumption decline in February 2026 amid rising global oil prices, pushing cooking gas prices higher nationwide
The supply of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, fell by 8.5 per cent month-on-month to 4.7 metric tonnes per day in February 2026 from 5.1 metric tonnes per day in December 2025, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (Nigerian Midstream and Downstream Petroleum Regulatory Authority) February 2026 Factsheet.
Also read: UTM Offshore FLNG Achieves Global Recognition as Top 20 Energy Project
The report also showed that domestic LPG consumption decreased by 20 per cent to 4,194 metric tonnes per day in February from 5,050 metric tonnes per day in January.
Analysts attributed the decline to the recent Middle East crisis, which drove crude oil prices to approximately $84 per barrel, affecting petroleum product prices across the country.
A survey of gas stations in Lagos indicated that retail prices for a kilogram of LPG now range between N1,050 and N1,300, with some stations charging up to N1,500 per kg.
The NMDPRA report noted that February retail prices per kg ranged from N980 to N1,500, compared with N950 to N1,550 in January.
Wholesale supply also declined slightly, with total LPG supplied standing at 4.771 BSCF per day in February 2026, down from 4.837 BSCF per day in January.
Average daily gas supplied to the domestic market decreased to 1.763 BSCF per day from 1.906 BSCF per day during the same period.
Also read: UTM Offshore CEO, Julius Rone, Others to Speak at AEW2024
The agency warned that continued international market volatility could further affect domestic supply and pricing, with implications for households relying on LPG for cooking.
Africa’s technology ecosystem has produced innovative fintech, e-commerce and digital service companies. But there is another important part of the technology value chain that deserves attention: semiconductor engineering.
ChipMango is developing capabilities in chip design, verification and emerging hardware technologies. Its story demonstrates the kind of specialised innovation that deserves greater investment and attention.
Through Boost Africa, a joint initiative of the European Investment Bank (EIB) and African Development Bank, supported by the EU, the EIB helps channel investment through venture capital funds to innovative African enterprises. Discover how this
investment ecosystem is helping create opportunities for businesses working on Africa’s technological future.
Watch the video:
From smartphones and laptops to vehicles and AI systems, semiconductors are essential to modern technology. Yet, the expertise required to design these components remains concentrated in a relatively small number of global
technology hubs.
ChipMango is working to expand access to semiconductor engineering skills and commercial opportunities for African engineers. Its journey also highlights why initiatives such as EIB’s Boost Africa matter. By supporting venture capital funds investing in innovative African businesses, Boost Africa helps strengthen the financing ecosystem needed to develop specialised technology companies. Watch the video to learn how ChipMango is contributing to Africa’s place in the global technology industry.
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Business
ChipMango: Building Nigeria’s Semiconductor Engineering Capabilities for the Global Tech Industry
Africa’s participation in the global technology industry should go beyond
using digital products and services.
African engineers also have an opportunity to contribute to the technologies themselves, including the semiconductors that power smartphones, computers, vehicles and artificial intelligence.
Nigerian semiconductor technology company ChipMango is working to develop this capability by connecting engineering education with practical chip-design and verification projects.
Through its investment in African venture capital funds, the European Investment Bank (EIB), under the Boost Africa
initiative, is helping strengthen the ecosystem that supports innovative businesses like ChipMango.
Boost Africa is a joint initiative of the EIB and African Development Bank, supported by the European Union.
Watch the video to discover ChipMango’s story and the opportunities it is helping create.
Watch the video:
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