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Cooking Gas Price Hits ₦1,700 Per Kg As Shortage Bites Hard Nationwide.
According to Nivo News, the cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has continued to soar across Nigeria due to the ongoing dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.....KINDLY READ THE FULL STORY HERE▶
A market review indicates that major depots such as Bovas, Rainoil, and several others are now selling LPG above ₦1,000 per kilogram, with some recording unprecedented highs. As of Friday, October 17, Rainoil outlets sold at ₦1,250 per kg, while Bovas stations dispensed gas at ₦1,500 per kg. Other depots were said to be selling at rates as high as ₦1,700 per kg.
With the average price now hovering around ₦1,250 per kg, the cost of refilling domestic cylinders has significantly increased, tightening household spending. The current refill rates stand as follows:
1kg – ₦1,250
3kg – ₦3,750
5kg – ₦6,250
10kg – ₦12,500
12kg – ₦15,000
12.5kg – ₦15,625
Meanwhile, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has ordered regulatory agencies to take firm action against marketers allegedly hoarding LPG. He described the artificial scarcity as an exploitative act that imposes unnecessary hardship on Nigerians.
In a statement by his spokesperson, Louis Ibah, Ekpo explained that the strike action by PENGASSAN at the Dangote Refinery, coupled with maintenance work at the Nigeria Liquefied Natural Gas (NLNG) plant, temporarily disrupted supply and led to the current price surge.
However, the minister assured citizens that normal supply is already being restored and the scarcity is expected to ease before the weekend.
The Dollar to Naira exchange rate at the black market, also known as the parallel market (Aboki FX), for Tuesday, April 29, 2026, shows that traders in the Lagos parallel market are selling one US dollar for ₦1,400 and buying at ₦1,385, according to Bureau De Change (BDC) sources.....KINDLY READ THE FULL STORY HERE▶
This means individuals looking to exchange dollars for naira in the black market may buy at ₦1,400 per dollar and sell at ₦1,385 per dollar, depending on location and dealer rates. Selling Rate: ₦1,400 Meanwhile, the Central Bank of Nigeria (CBN) does not officially recognise the parallel market and advises those seeking foreign exchange transactions to use approved banking channels. Highest Rate: ₦1,386 It is important to note that forex rates may differ slightly depending on the dealer, location, and market conditions.Dollar to Naira Black Market Rate (USD/NGN) – April 29, 2026
Buying Rate: ₦1,385Dollar to Naira CBN Official Rate – April 29, 2026
Lowest Rate: ₦1,365
A chieftain of the All Progressives Congress (APC) in Akwa Ibom State, Chief Edet Ben, has denied involvement in the alleged suspension of Mr. Eseme Eyiboh, Special Adviser to the Senate President on Media and Publicity, from the party in Ward 9, Esit Eket Local Government Area.....KINDLY READ THE FULL STORY HERE▶
Ben, who serves as an Ex-Officio member of the party in Ward 9, threatened legal action against those behind what he described as the forgery of his name and signature on documents claiming Eyiboh’s suspension.
In a sworn court affidavit, Ben described the purported suspension process as fraudulent and non-existent.
He stated that no meeting was held on April 22 to discuss or approve any disciplinary measures against Eyiboh or any other party member, adding that he neither attended nor endorsed such proceedings.
Ben also alleged that his name and signature were falsely inserted into an attendance list linked to the alleged suspension exercise.
He subsequently disowned both the attendance document and the suspension letter reportedly sent to APC leadership at the chapter and state levels.
In his notice, Ben demanded the immediate removal of his name from the documents, a public retraction, and an end to any unauthorised use of his identity.
He warned that failure to comply within 24 hours would result in legal action.
The controversy follows an announcement by a faction within the ward claiming Eyiboh had been suspended over alleged anti-party activities.
Meanwhile, a grassroots political group, Ward Nine New Era (WNNE), has strongly condemned the move, describing it as malicious, baseless, and invalid.
The group argued that the action appeared targeted at a key political figure who had recently mobilised grassroots support for major APC leaders, including President Bola Tinubu, Senate President Godswill Akpabio, and Governor Umo Eno.
WNNE also questioned the legitimacy of the ward executives behind the move and insisted that due process was not followed.
The group urged party members and the public to disregard the suspension, maintaining that it lacked credibility and legal standing.
Members of the Integrated Association of Consolidated Wood, Planks and Material Sellers have embarked on a solidarity walk in support of President Bola Ahmed Tinubu’s re-election bid.....KINDLY READ THE FULL STORY HERE▶
The march, which commenced from the association’s secretariat in Ikotun, passed through Isolo, Ejigbo, Igando-Ikotun, and Egbeda-Idimu Local Government Areas, as members mobilised support ahead of the 2027 general elections. Speaking to journalists during the exercise, the association’s president, Sunday Olusesan Adewunmi, praised the President’s performance and called on Nigerians to back his second-term ambition. “We are ready to support President Tinubu and mobilise for the next general election. He has been doing well, and we believe he deserves another term to consolidate on his achievements,” he said. Also speaking, the market chairman, Fatai Adekeye, urged critics of the administration to recognise areas of progress despite ongoing economic challenges. He reaffirmed the association’s commitment to mobilising votes for the President in 2027, particularly across Alimosho and surrounding communities. “President Tinubu has done a lot, and we believe the current challenges will yield long-term benefits. We are working collectively to ensure his re-election,” he stated. A trader, Aishat Alabi, also encouraged residents to support the All Progressives Congress, expressing confidence that the party would secure victory in Lagos State in the next election.
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