Economy
Cooking Gas Price Reduces, See New Amount Per KG
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/02/cooking-gas-cylinders.jpg&description=Cooking Gas Price Reduces, See New Amount Per KG', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/02/cooking-gas-cylinders.jpg&description=Cooking Gas Price Reduces, See New Amount Per KG', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
Cooking gas prices have reduced in Abuja and nearby cities over the past three weeks, with some outlets selling LPG for as low as ₦1,300 per kilogramme.
Checks showed Ranoil, Shafa and AP Ardova now sell LPG at ₦1,350, ₦1,300 and ₦1,400 per kilogramme, down from ₦1,450 to ₦1,500.
NMDPRA data showed LPG imports jumped 1,400 per cent to 1.5 kilotonnes per day in June 2026, matching the drop to ₦997-₦1,030 at depots.
The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has continued to decline in parts of Nigeria over the past three weeks.
A recent market survey by journalists showed that the price of a kilogramme of cooking gas had dropped to as low as ₦1,300 in Abuja and its environs, depending on the location.
The latest price represents a reduction from the ₦1,450 previously recorded in some areas.
Checks at some filling stations in Abuja showed that Ranoil, Shafa and AP Ardova now sell LPG at ₦1,350, ₦1,300 and ₦1,400 per kilogramme, respectively.
The prices are lower than the ₦1,450 to ₦1,500 per kilogramme previously recorded at the outlets.
The decline has also been recorded at the depot level, with depot owners now selling LPG for between ₦997 and ₦1,030 per kilogramme.
This is a reduction from prices that had risen to as high as ₦1,100 per kilogramme.
Cooking gas retailers in some parts of the Federal Capital Territory have also reduced their prices.
Most retailers in Dawaki, Kubwa, Gwarimpa and Lugbe now sell LPG at about ₦1,500 per kilogramme.
The price is down from around ₦1,700 per kilogramme previously recorded in the areas.
The reduction in the price of cooking gas comes amid a significant increase in LPG imports into the country.
Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that LPG imports increased significantly in June 2026.
According to the data, LPG imports rose by 1,400 per cent to 1.5 kilotonnes per day in June.
The increase in supply has coincided with the recent decline in cooking gas prices recorded across parts of the country.
See Exchange Rate As Naira Gains 0.07%
The Black Market Dollar-to-Naira Exchange Rate for 31st July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
The exchange rate fluctuates hourly based on the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 31st July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1419 and buy at ₦1408 on Friday, 31st July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1419
Buying Rate ₦1408
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1370
Lowest Rate ₦1365
The Securities and Exchange Commission (SEC) has commenced the implementation of a fully electronic registration process for capital market operators as part of efforts to modernise Nigeria’s capital market and improve regulatory efficiency.
The Commission, in a statement issued on Wednesday, said the electronic registration (e-Registration) platform, deployed through its ePortal, would enable designated regulatory services to be completed entirely online.
According to the SEC, the platform allows Capital Market Operators (CMOs) to complete approved registration processes digitally, including application submission, regulatory review, approvals and communication of decisions.
It said the initiative would eliminate manual processing for services covered in the current phase, while simplifying regulatory interactions, reducing administrative bottlenecks, shortening processing timelines and giving applicants improved visibility into the status of their applications.
The Commission explained that migrating to a fully digital registration system would enhance operational efficiency and strengthen regulatory oversight through standardised workflows, electronic documentation, secure digital record management and improved audit trails.
“The new platform represents a major step towards creating a seamless digital regulatory ecosystem that enhances operational efficiency while strengthening regulatory effectiveness,” the SEC said.
The regulator said the e-Registration platform aligns with its strategic objective of leveraging technology to improve market efficiency, enhance ease of doing business and deliver better services to stakeholders.
It added that the digital system would improve the integrity of regulatory processes by reducing delays associated with paper-based documentation and enhancing the quality of regulatory data available for decision-making.
The SEC noted that the platform would also provide a stronger foundation for regulatory analytics and future innovations aimed at improving oversight of the Nigerian capital market.
It said the implementation would be carried out in phases to ensure a smooth transition for market participants while maintaining the stability and integrity of regulatory processes.
The Commission clarified that the current phase covers post-registration services for existing Capital Market Operators, adding that applications for the registration of new entrants into the Nigerian capital market are not included yet.
According to the SEC, the commencement of electronic processing for new registration applications would be announced at a later date.
The Commission urged all Capital Market Operators to familiarise themselves with the new platform and comply with implementation timelines to ensure a seamless transition.
It reaffirmed its commitment to implementing reforms that promote innovation, improve regulatory service delivery, strengthen market infrastructure, enhance transparency and boost investor confidence in Nigeria’s capital market.
The Nigeria Data Protection Commission (NDPC) has secured a legal victory confirming its authority to register data controllers and processors of major importance (DCPMIs).
In a judgment delivered by Justice Friday Ogazi of the Federal High Court, Lagos, in Emmanuel Harunna v. NDPC, the court dismissed a suit seeking to restrain the commission from registering point of sale (POS) agents and key data processors.
In a statement yesterday by the NDPC Head, Legal, Enforcement and Regulations, Babatunde Bamigboye, the court ruled that NDPC’s regulatory oversight strengthens data security and upholds citizens’ constitutional rights to privacy.
It further reaffirmed that the Nigeria Data Protection Act, 2023, overrides any conflicting laws concerning personal data handling.
Following the ruling, NDPC National Commissioner, Dr Vincent Olatunji, has ordered all unregistered major data controllers and processors to register forthwith or risk statutory penalties.
According to the court, “the Nigeria Data Protection Act was enacted to promote accountability, transparency and responsible data governance. Registration enables the respondent to identify entities engaged in significant data processing activities and monitor compliance.
“Far from undermining the constitutional right to privacy, the registration framework is one of the statutory mechanisms designed to safeguard that very right by subjecting data controllers and data processors to effective regulatory oversight.”
Among others, it noted that “There is every indication that the Guidance Notice is also aimed at protecting the privacy and security of data subjects, thus bringing the registration requirement of the Guidance Notice within the protective shield of section 45 of the 1999 Constitution.”
Meanwhile, to ensure full compliance with the judgment, the NDPC National Commissioner and Chief Executive Officer, Dr Vincent Olatunji, has directed all DCPMIs that are yet to register with the Commission to do so forthwith or face serious legal liabilities.
Popular Nigerian Juju Artist Saint Janet Reportedly Passes Away
ADC Southwest Leaders Demand Removal Of Aregbesola As Interim National Secretary
Reactions As Osun Governorship Debate Is Cancelled
-
News19 hours ago‘Stop complaining about Buhari, others for your failures,’ Atiku slams Tinubu
-
News19 hours agoJust in: After Hugh Backlash, FIFA finally Scrap Infantino’s £15B World Cup Private Investment Proposal
-
News19 hours agoColonel Behind Alleged Tinubu Coup Plot Admits Failed Promotion Pushed Him, Reveals How He Was Lured By Army Chiefs
-
News18 hours agoHow Prison Inmate on D*ath Row Livestreamed On TikTok, Earned Money From Ogun Prison
-
News18 hours agoINEC Rejects PDP’s Submission Of Jonathan As 2027 Presidential Candidate
-
News17 hours agoUK PM Burnham slams Infantino, says he’s the ‘wrong man’ to lead FIFA
-
News15 hours agoElon Musk reveals Nigeria had four million more births than EU
-
News18 hours agoSAD: FRSC Enugu Sector Commander Is Dead