06/03/2026
This time last week, we were all looking forward to the weekend - to rest, focus on house chores, party and what not: however, what we didn't see the catastrophic events of Saturday morning happening.
So far, oil prices have gone up to ~$80 from about $60 prior, and by extension, our own Dangote Refinery here has gone up from 774 NGN to 874 NGN on Monday. It is projected that prices could get up to 1000 NGN if the situation isn't curtailed before the 8-9 week timeline.
What does that mean for Nigerians? Well, we're already used to such, case study "...subsidy is gone." Though the change isn't as dramatic, we can expect and increase in the logistical prices, petroleum and byproducts in coming days - meaning drugs and day-old chicks. Egg prices are already up to 6000+NGN retail price, due to increased demand, due to the Ramadan and is expected to go up a bit.
Not here for fear mongering, but to give a piece of advice, be shrewd in your spending: save, invest more wisely, stock up foods with long shelf life and safeguard you and your family. Winter is coming.
