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KEGOZ MARKET WATCH KEGOZ BULLETIN · 02 NOV 2026 ·UPDATE
  • PMS · Depot average₦1,331/L▼ ₦15
  • DIESEL (AGO) · Basket median (older quotes included)₦1,810/L▼ ₦10
  • COOKING GAS (LPG) · Depot average₦1,210/kg▲ ₦10
  • BRENT · January contract · 30 Oct settlement$113.43/bbl▲ $2.63
  • USD/NGN · NFEM closing rate · 30 Oct₦1,346/$1
  • USD/NGN · Parallel · 2 Nov bulletin₦1,382–1,388/$1
  • DANGOTE PMS · Depot · 2 Nov₦1,225/L
  • DANGOTE AGO · Depot · 28 Oct₦1,840/L
  • DANGOTE LPG · Depot · Last quote 29 Oct₦1,025/kg
  • NNPC PMS · Abuja pump · 16 Oct₦1,405/L
Source: KEGOZ Daily Trading Intelligence Bulletin, Issue 060. Indicative prices; quote dates vary. Depot-average changes vs Issue 059. Basket includes older quotes; PMS median may overstate the current market. Brent is the January contract; the December contract expired at $117.64 on 30 Oct. Verify with suppliers before trading. Not a live feed.

Fabeke Unveils Electric Tricycle in Port Harcourt

The President of the Ogoni Liberation Initiative and Chief Executive Officer of Nwinnabu Electric Tricycle, Dr Fabeke Douglas, has unveiled the electric tricycle in Port Harcourt, Rivers State, announcing that more than 50,000 units have been produced locally.

The unveiling ceremony took place recently at Exchullen Heights Hotel, attracting stakeholders and supporters interested in cleaner transportation and renewable energy.

Speaking at the event, Fabeke said the tricycle was ready to meet growing demand in Nigeria and across Africa.

“We’ve already produced over 50,000 units of the Nwinnabu electric tricycle in Rivers State,” he said.

He described the innovation as an environmentally friendly alternative to conventional fuel-powered transportation, which contributes to air pollution.

The South-South Regional Manager of Access Bank also expressed support for the initiative, noting that investment in renewable energy aligns with the bank’s vision.

Read Also: niger-delta-blue-economy-summit-targets-600m-investment-inflow-in-2027

“We’ll support the Nwinnabu electric tricycle,” the regional manager said.

Participants at the event highlighted the environmental challenges associated with fuel-powered motorcycles and called for greater adoption of electric alternatives.

Kennedy, one of the participants, said emissions from conventional motorcycles contribute to air pollution and climate change.

Similarly, Tambari Steve, Chairman of Resolution Wall Group, encouraged Nigerians and the international community to embrace the innovation.

He said the growing global shift towards renewable energy makes electric transportation an important option for the future.

The unveiling represents a development in Nigeria’s emerging electric mobility sector, with the locally produced tricycle expected to provide an alternative to fuel-powered transport.

However, the reported production figure of 50,000 units was announced by Fabeke at the event and was not independently verified in the information provided.

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