business

Cooking Gas Prices Ease Across Nigeria as Supply Improves

Published

4 months ago

June 30, 2026

Cooking gas prices have started easing across Nigeria as improved supply and softer depot prices bring relief to households, though reductions vary by location

Households in major Nigerian cities are experiencing some relief as retail prices of cooking gas, also known as Liquefied Petroleum Gas, begin to decline following improved product supply and softer depot prices, industry updates showed on Tuesday 30 June 2026.

Also read: Ekiti Approves Textbook Reuse to Ease Parent Burden

The latest market checks by gas marketers indicate that retail LPG prices now range between N1,100 and N1,350 per kilogramme in Lagos, Ibadan and Abeokuta.

Consumers in Benin City, Port Harcourt and Warri pay between N1,150 and N1,400 per kg, while prices in Onitsha and Enugu range from N1,200 to N1,450 per kg. In Abuja, the cost stands between N1,250 and N1,500 per kg.

Northern cities such as Kano and Kaduna record prices of N1,300 to N1,550 per kg, with Maiduguri and parts of the North-East seeing the highest rates of N1,350 to N1,650 per kg due to elevated logistics costs.

Nationally, the retail price range is approximately N1,100 to N1,650 per kg, according to the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Edu Inyang.

Inyang attributed the easing to better product availability from domestic production and imports, lower depot prices, reduced panic buying, and increased competition among marketers. “The recent easing reflects lower depot prices as supply improved,” he explained.

The National Chairman of the Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas Workers, Ayobami Olarinoye, confirmed that normalcy was gradually returning.

Retailers currently sell to consumers at N1,600 to N1,800 per kg after buying from marketers at N1,300 to N1,500 per kg.

This development reverses sharp increases witnessed in May, when prices rose significantly due to supply tightness.

A standard 12.5kg cylinder now costs between N13,750 and N20,625 depending on location, offering some respite to households facing rising living costs.

The price moderation comes amid broader national developments, including the Federal High Court’s new Pre-Election Practice Directions 2026, cabinet changes in Kwara State, political activities involving the NDC and Peter Obi, and positive sporting news such as Morocco’s historic qualification for the 2026 World Cup Round of 16.

Industry players remain optimistic that sustained supply from local producers and steady imports will further stabilise prices in the coming weeks, provided there are no major disruptions.

Marketers, however, cautioned that communities far from major depots may continue to face relatively higher costs due to transportation expenses.

Also read: Ekiti Approves Textbook Reuse to Ease Parent Burden

The Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, had earlier warned operators against hoarding and profiteering as authorities worked to improve availability.

news

Rest of World to Shut Down as Search for New Home Continues

Published

13 minutes ago

October 26, 2026

Peculiar Adirika

Rest of World shutdown plans point to January 2027 as leaders seek a new institutional home for the nonprofit technology newsroom

Rest of World, the international nonprofit digital publication known for reporting on technology’s impact beyond Western markets, is preparing to end operations as an independent organisation in January 2027 while its leadership searches for a new institutional home.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Deputy Editor Rina Chandran confirmed the development in a LinkedIn post on Monday, October 26, 2026, saying the newsroom would continue publishing until the end of January as efforts to secure a future for the publication continued.

“Yes, it’s true: Rest of World is shutting down. After six years of award-winning reporting, our leadership is searching for a new home for the publication that was launched to cover innovation outside the West,” Chandran wrote.

She recalled joining the publication as its Southeast Asia editor in Bangkok before moving to San Francisco, where she became a deputy editor covering how technology developed in Silicon Valley affects people in other parts of the world.

Chandran described working with the publication’s reporters, editors, freelancers and columnists as a privilege, expressing appreciation for the people who contributed to its journalism.

She also reassured contributors that work already commissioned would still be published and that existing journalism would be preserved and remain accessible.

“If you are a freelancer or columnist who has already been commissioned, you’re good! Your work will be preserved and continue to be accessible,” she wrote, thanking readers, donors and supporters.

The announcement follows a report by Semafor on Sunday that Rest of World founder and principal financial backer Sophie Schmidt had held discussions with several large institutions about potentially taking over the newsroom.

According to Semafor, two people familiar with the plans said a late-January wind-down date had been set to give employees time to receive exit packages and seek new jobs if efforts to find a new institutional home failed.

Schmidt reportedly told donors that the publication would stop operating as a standalone entity at the end of January.

The proposed closure comes amid a reported decline in traffic from web searches and social media referrals over the preceding 18 months.

The publication had attempted to retain readers by placing greater emphasis on Western audiences and requiring visitors to register before accessing articles.

Founded in 2020, Rest of World sought to broaden technology journalism beyond the traditional focus on Silicon Valley and other Western technology centres.

Its reporting examined how digital products, platforms and infrastructure shape everyday life, work and economies in emerging markets and other underreported regions.

Schmidt pledged $60m to establish the project as a nonprofit newsroom.

Over the years, its coverage has explored technology-driven changes in labour markets, digital infrastructure, artificial intelligence and the influence of major technology companies.

The publication’s 2025 annual report said it reached more than 753,000 readers monthly across platforms and channels, with reporting spanning nearly 40 countries during the year.

Those figures illustrate the scale of its international reporting, even as the organisation faces difficulties sustaining its current operating model.

The planned end of independent operations does not necessarily mean the publication’s journalism will disappear.

Its leadership is seeking an institution that could provide a future for the newsroom, while Chandran has said its existing work will remain accessible.

Also read: Flamingos Target Quarter-Finals in Mexico Clash

Whether a suitable organisation will take over the publication, and what form Rest of World might take under new ownership or institutional support, remains unresolved.