The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.

The Nigerian National Petroleum Company Limited (NNPCL) has reduced its premium motor spirit pump price for the second time in less than two weeks, lowering it from N1,210 to N1,150 per litre. This adjustment was confirmed by a market survey conducted by DAILY POST.

Nigeria's increase in crude production, along with contributions from other OPEC members, led to a total output rise of 3.3 million barrels per day in June, bringing OPEC's total production to 19.43 million barrels per day, according to Leadership (NG).

Despite a significant drop in crude oil prices to $73 per barrel, petrol prices in Nigeria continue to remain high, with consumers hoping for a reduction below N1,000 per litre.

Nigerian politician Makinde said the country's oil resources must deliver measurable benefits to citizens, arguing that Nigerians should not pay international-equivalent prices for crude supplied to local refineries when the resource is produced domestically. The remarks, reported by Channels Television, come amid discussions around the 2027 election period and ongoing debates over fuel pricing and local refining policy in Nigeria.

Nigeria's Liquefied Petroleum Gas market recorded its strongest recovery in months in July 2026, with total daily supply rising to 5.332 kilotonnes per day, up from 5.164 kilotonnes per day, according to ThisDay Live. The increased supply coincided with a drop in cooking gas prices of about 30 percent. The report, written by Peter Uzoho, suggests easing pressure on households and businesses reliant on LPG for cooking and energy needs across the country.