Depot prices for Premium Motor Spirit (PMS), or petrol, have decreased across various terminals in Lagos, with Rain Oil leading the reduction by cutting prices by N18 per litre. Additionally, diesel prices have also seen a significant drop, falling by up to N70 per litre. This adjustment in prices comes as petroleum marketers respond to changing supply dynamics in Nigeria's downstream oil market, according to Vanguard Business.

Global oil prices have decreased to levels not seen since before the US-Iran war, leading to expectations for lower petrol prices, according to Daily Trust. Despite this drop, fuel prices in Nigeria continue to exceed N1,000, raising concerns about the slow transmission of global market changes to local consumers and businesses.

Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) by N200 per litre within a month, indicating that the refinery has absorbed the recent surge in global oil prices. This marks another instance of price cuts from the refinery, suggesting a trend towards further moderation in fuel prices, according to Premium Times Business.

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.

The Nigerian federal government has launched a national initiative to incorporate electric cooking into the country's Clean Cooking Policy. This initiative aims to attract investment, enhance access to clean energy, and decrease reliance on firewood and other polluting cooking fuels.

Stakeholders in Nigeria's climate, energy, and development sectors are working to launch an 80 million clean cookstoves program. This initiative aims to reduce household air pollution, curb deforestation, expand access to clean energy, and create economic opportunities for millions of Nigerians. The program is being led by Greenplinth Africa Limited under the theme, "Clean Cooking Access."