Economy
Nigerians Paid Double for Cooking Gas in Last 12 Months
By Adedapo Adesanya
The cost of refilling a 5kg to 12kg cylinder of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has more than doubled in the last 12 months, indicating more pressure on the cost of living for Nigerians.
The National Bureau of Statistics (NBS), in its Price Watch for August 2022, said the price of cooking gas increased by 101.17 per cent in the last year.
The bureau said Taraba State residents paid the highest amount as it recorded the highest average price for refilling a cooking gas cylinder, with Katsina State being the lowest.
The NBS said, “The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (cooking gas) increased by 1.34 per cent on a month-on-month basis from N4,397.68 recorded in July 2022 to N4,456.56 in August 2022.
“On a year-on-year basis, this rose by 101.17 per cent from N2,215.33 in August 2021.
“On state profile analysis, Taraba recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,925.44, followed by Adamawa with N4,920.00, and Lagos with N4,782.50.
“On the other hand, Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively.”
The agency further said the average retail price for refilling a 12.5kg cylinder of LPG increased by 0.77 per cent on a month-on-month basis from N9,824.07 in July 2022 to N9,899.34 in August 2022.
“On a year-on-year basis, this rose by 119.26 per cent from N4,514.82 in August 2021,” it stated, adding that Ebonyi State recorded the highest average retail price for the refilling of a 12.5kg cylinder of LPG with N11,225.00 whilst Katsina State recorded the lowest average price with N8,150.00.”
Despite plans to boost gas supply, Nigeria has not been able to attain its plan to boost domestic gas supply. It has embarked upon many initiatives, including the National Gas Expansion Programme (NGEP).
NGEP is designed to provide framework and policy support to extend the gas supply and utilisation in power generation, gas-based industries and emerging niche gas sectors.
One expected development is to boost gas in transportation, Liquefied Petroleum Gas (LPG) for cooking, and remote virtual gas supply using trucks to convey LNG and Compressed Natural Gas (CNG) to industries.
The other initiatives include the Ajaokuta-Abuja-Kano gas pipeline to support five billion cubic feet per day of domestic gas utilisation in the near term and five-Gigawatt power generation.
By Aduragbemi Omiyale
The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.
Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.
This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.
The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.
In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.
“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.
“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.
“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.
By Aduragbemi Omiyale
One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.
The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.
The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.
They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.
Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.
“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.
“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”
By Modupe Gbadeyanka
This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.
This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.
This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.
The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.
In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.
It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.
The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.
“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.
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