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BREAKING: FG Begins Emergency Repairs on Onitsha Head Bridge

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September 11, 2026 | From Spotlight African Reporters The Federal Government has commenced repair works on the Onitsha Head Bridge, one of the major transport links connecting communities and facilitating movement of people and goods in southeastern Nigeria. The intervention is aimed at addressing identified structural and maintenance concerns on the bridge and improving the safety and efficiency of transportation along the busy corridor. The commencement of the repairs is expected to bring relief to motorists, commuters and businesses that rely heavily on the bridge for daily movement and commercial activities. Authorities are expected to manage traffic around the affected sections of the bridge during the rehabilitation period to minimise disruption and ensure the safety of road users. The Onitsha Head Bridge remains a critical transportation infrastructure, particularly for commercial activities linking Anambra State with other parts of the Southeast and beyond. The Fede...

Petrol Price Jumps 9% to ₦1,310/Litre Despite Drop in Crude Oil Prices

August 30, 2026

The price of Premium Motor Spirit (PMS), popularly known as petrol, has increased by about nine per cent to ₦1,310 per litre in parts of Nigeria, despite a decline in international crude oil prices.
According to a report by Vanguard, crude oil prices fell by about five per cent, from $92 to $87.31 per barrel, while the domestic pump price of petrol moved in the opposite direction, rising from ₦1,205 to ₦1,310 per litre.
Checks showed that MRS, a major downstream petroleum marketer, adjusted its retail price to ₦1,310 per litre in Lagos and surrounding areas. Other marketers were reportedly selling petrol between ₦1,315 and above ₦1,400 per litre.
The development has raised questions about the relationship between international crude oil prices and petrol prices in Nigeria, as domestic fuel prices increasingly appear to be influenced by factors beyond the cost of crude.
Depot prices also remained elevated. Data from the Daily Depot Price Intelligence Report showed petrol selling at as much as ₦1,217 per litre in Warri, ₦1,214 in Port Harcourt, ₦1,204 in Calabar and ₦1,202 in Lagos on Friday, August 28.
Industry-related factors such as refining margins, product availability, exchange rates, transportation and marine logistics, storage and depot charges, financing costs, taxes and competition among suppliers can affect the final pump price of petrol.
The continued divergence between crude oil prices and domestic petrol prices could put additional pressure on motorists and businesses, with possible knock-on effects on transportation, logistics, food distribution and inflation.
The report noted that increasing competition among domestic refiners and petroleum suppliers could, however, help moderate prices if alternative sources of supply become more readily available.
The latest development suggests that Nigeria's petrol market is being shaped not only by international crude oil prices but also by domestic refining, supply, logistics and broader market conditions.

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