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Fuel Price Hits ₦955 Per Litre in Lagos, Abuja as Nigerians Groan Under Rising Costs

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Nigeria’s lingering fuel crisis took a fresh twist this week as petrol prices soared to ₦955 per litre in major cities such as Lagos and Abuja , leaving commuters stranded and businesses struggling to survive. According to a report by Sahara Reporters , the price hike is linked to severe supply and logistics challenges that have disrupted fuel distribution across the country. The development comes barely a year after the federal government announced the removal of fuel subsidies , a reform that was expected to stabilize the downstream oil sector and attract investment. Instead, Nigerians are now facing one of the steepest increases in fuel prices in years, triggering renewed anger and frustration over the cost of living. Queues Return as Scarcity Bites Hard Across Abuja, long queues have resurfaced at filling stations, with motorists spending hours in line to get fuel. Some stations owned by major marketers sell at the official price of ₦910–₦955 per litre, while independent mark...

Nigeria Missing As IMF Lists Benin Republic, Rwanda, Others Among Africa’s Fastest-Growing Economies

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The International Monetary Fund (IMF) has released its latest economic outlook for Africa, and once again, Nigeria — Africa’s largest economy by GDP — has failed to make the list of the continent’s fastest-growing economies. The development has triggered a new wave of debate among economic analysts, citizens, and policymakers who worry that Nigeria’s growth potential is being steadily eroded by poor governance, policy inconsistency , and inflationary pressure. IMF’s Growth Forecast According to the IMF report cited by Sahara Reporters , the countries expected to record the highest economic growth in 2025 include Benin Republic, Rwanda, Côte d’Ivoire, Ethiopia, Senegal, and Tanzania . These nations are projected to achieve growth rates ranging from 6.5% to 8.2% , driven largely by diversification, stable macroeconomic policies, and massive investments in manufacturing and services. In stark contrast, Nigeria’s growth projection stands at just around 3.0% , a figure the IMF descr...

Exclusive: Tinubu Strikes Secret Deal With Southern Governors To Conduct All Elections In One Day

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In what appears to be one of the most significant political maneuvers ahead of the 2026 general elections , President Bola Ahmed Tinubu has reportedly reached a secret agreement with several southern governors to conduct all elections — presidential, governorship, and legislative — on the same day . According to an exclusive report by Sahara Reporters , the plan was discussed behind closed doors during a series of discreet meetings held in Lagos and Abuja. The discussions, sources claim, were aimed at tightening control over Nigeria’s electoral process, managing political costs, and preventing what insiders describe as “post-election uncertainty and judicial distraction.” Details of the Alleged Deal Reliable sources within the ruling All Progressives Congress (APC) and among southern political elites revealed that the move is being packaged as an “electoral reform” meant to reduce voter fatigue and curb post-election violence. However, many political observers interpret it as a s...

Goodluck Jonathan Warns: Electoral Manipulation Remains Africa’s Greatest Political Threat

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Former Nigerian President Goodluck Jonathan has once again sounded a loud warning to African leaders, political parties, and citizens about what he describes as the biggest danger to the continent’s political future — electoral manipulation . Speaking at a recent democracy dialogue, Jonathan emphasized that the manipulation of electoral processes remains one of the greatest threats to peace, stability, and development in Africa. According to the former president, democracy in Africa is passing through a critical moment , where the people’s faith in the electoral system continues to waver. “When elections are not credible and transparent,” he said, “citizens lose trust in the political process, and this can ultimately destroy democracy itself.” The Danger of Electoral Manipulation Jonathan explained that electoral manipulation takes many forms — from vote buying and rigging to intimidation, falsification of results , and judicial compromise . These acts, he said, are not only und...

Title: EFCC Detains Police Officers Over $6.1 Million Cash Seized at Lagos Airport

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The Economic and Financial Crimes Commission ( EFCC ) has detained four senior police officers after they were caught escorting two men with a staggering $6.1 million in cash through the Murtala Muhammed International Airport, Lagos . The discovery, which also included £15,000 , has sparked widespread outrage and raised serious questions about corruption, abuse of power, and the integrity of law enforcement agencies in Nigeria. The incident reportedly took place on October 11, 2025 , when airport officials flagged the cash during a routine screening at Terminal 2 (DT2) of the Lagos airport at about 7:52 a.m. The suspects, identified as Mamud Abdulras and Yahaya Nasidi , were traveling with the large sum of money, allegedly without declaring it as required by Nigerian financial laws. According to Sahara Reporters, the EFCC immediately took over the investigation after discovering that the two men were being escorted by four serving police officers. Those officers have been ident...

Nigeria’s Inflation Eases to a 3-Year Low — What It Means for the Economy and Ordinary Nigerians

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For the first time in three years, Nigeria ’s inflation rate has dropped to a record low of 18.02% in September 2025 . This marks a significant decline from 20.12% in August and represents the sixth consecutive month of easing inflation. While it may sound like mere statistics to some, this development carries deep economic and social implications for households, businesses, and the overall direction of the nation’s monetary policy. According to the National Bureau of Statistics (NBS) , the fall was largely driven by a reduction in food inflation , improved agricultural output during the harvest season, and the government’s recent measures to stabilize the naira and improve supply chains. 📉 A Ray of Economic Relief The easing of inflation comes as welcome news for millions of Nigerians who have endured years of skyrocketing prices, currency depreciation, and reduced purchasing power. Food inflation, which has been the most painful for families, dropped significantly from 21.87...

🇳🇬 Shell Approves $2 Billion Offshore Gas Project in Nigeria — A Major Boost for the Nation’s Energy Future

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Global energy giant Shell Petroleum Development Company (SPDC) , in collaboration with Sunlink Energies , has officially approved the development of a new $2 billion offshore gas project in Nigeria. This project, named the HI Gas Field Development , is a landmark step in reviving Nigeria’s oil and gas fortunes and a strong signal of renewed investor confidence in Africa’s largest energy producer. 🔹 A Bold Step in the Offshore Frontier The HI gas field, located in Oil Mining Lease (OML 144) roughly 50 kilometers offshore the Niger Delta coast, is expected to produce about 350 million standard cubic feet of gas per day at peak capacity. Shell holds a 40% stake in the project, while its partner Sunlink Energies retains 60% . The gas will be supplied primarily to Nigeria LNG (NLNG) and other domestic offtakers, helping to meet Nigeria’s rising energy demand. According to project details released by Shell on Monday, the development will include a combination of subsea wells , of...

NLC Threatens Showdown as Tinubu Government Fails to Address ASUU’s Demands

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  The crisis rocking Nigeria’s education sector has deepened once again, as the Nigeria Labour Congress (NLC) has threatened a major showdown with the Tinubu-led federal government over its continued neglect of the demands made by the Academic Staff Union of Universities (ASUU). This renewed warning comes amid rising tensions across the nation’s tertiary institutions, where lecturers have embarked on a two-week warning strike to press home their long-standing grievances. In a strongly worded statement issued by NLC President, Comrade Joe Ajaero , the labour body accused the government of insincerity and deliberate non-compliance with previous agreements signed with ASUU. The statement, as reported by Sahara Reporters , expressed deep frustration at what the NLC described as the government’s consistent habit of entering into pacts it later abandons. Ajaero noted that the government’s approach to industrial relations in the education sector had become increasingly provocative, esp...

CBN Orders Banks to Refund Failed ATM Transactions Within 48 Hours

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The Central Bank of Nigeria (CBN) has issued a fresh directive to all commercial banks, microfinance banks, and payment service providers, mandating them to refund customers within 48 hours for any failed Automated Teller Machine (ATM) transactions. The new rule, which comes under the updated draft of the “ Electronic Payment Channels in Nigeria Operational Guidelines ,” is aimed at improving customer experience and restoring public confidence in the nation’s banking system. According to the CBN, this reform became necessary following the increasing complaints from bank customers who often suffer financial losses due to failed or incomplete ATM withdrawals , sometimes waiting weeks or even months before getting their money back. The apex bank has now taken a firm stance to end such delays. Understanding the New Rule Under the new guidelines, the CBN categorizes ATM transactions into two types: “on-us” transactions and “not-on-us” transactions. For “on-us” transactions (where t...

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