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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.

Diri Presents N1.24trn 2027 Budget to Bayelsa Assembly

Bayelsa State Governor, Senator Douye Diri, on Tuesday November 3, 2026 presented a N1.242 trillion 2027 Appropriation Bill to the state House of Assembly for consideration and passage.

Tagged the “Budget of Assured Prosperity for Sustainable Growth and Development,” the proposal represents a 22 per cent increase over the 2026 budget.

Of the total sum, N840.7 billion (68 per cent) is earmarked for capital expenditure, while N401.8 billion (32 per cent) is allocated to recurrent spending.

The Ministry of Works and Infrastructure got the largest share of N422.84 billion, followed by Education with N126.97 billion. Other major allocations include Sports (N68.50 billion), Health (N53.32 billion), Security (N24 billion), Public Utilities (N22.94 billion) and Agriculture (N17.74 billion).

Governor Diri said the budget, which is based on the 2027-2029 Medium-Term Expenditure Framework, prioritises the completion of ongoing roads, bridges and strategic projects, especially the senatorial causeways.

He added that the proposal also provides for the upgrade of the state’s 60-megawatt Independent Power Plant to 100 megawatts, as well as progress on the 30,000-seater stadium at Igbogene and the nine-storey State Secretariat Complex.

The governor commended the Speaker and members of the House for their cooperation and oversight, which he said had strengthened the cordial relationship between the executive and the legislature.

The House also approved the state’s 2024/2025 audited accounts after considering the report of its Public Accounts Committee.

Deputy Speaker, Rt. Hon. Michael Ogbere, who presided over the sitting, praised the governor for his impactful projects and programmes. He assured that lawmakers would give the budget careful consideration.

The Assembly later passed a vote of confidence on the governor for his performance in office.

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