Chaise Media Report

Petrol imports remained Nigeria’s dominant fuel source in 2025, accounting for 62.47% of total Premium Motor Spirit consumption, despite increased output from domestic refineries, including the Dangote Petroleum Refinery, according to NMDPRA data. Total petrol consumption stood at about 18.97 billion litres, with oil marketers importing 11.85 billion litres, while domestic refineries supplied 7.54 billion litres (37.53%).

Although local refining improved steadily during the year, imports remained dominant due to the gradual ramp-up of refinery operations, crude supply arrangements, logistics constraints, and demand fluctuations following the full deregulation of petrol pricing.

Dangote refinery accounted for virtually all domestic PMS supply in 2025, delivering about 7.53 billion litres, close to its annual benchmark. However, regulators expect petrol imports to decline from 2026 if the Federal Government implements a planned 15% import tariff aimed at boosting local refining and reducing foreign dependence.

How to Be Smart With Money in 2026

​1.​Create a budget you can actually stick to
​2.​Track your spending at least once a week. What you don’t track will always surprise you.
​3.​Build an emergency fund. Life will happen; be ready for it.
​4.​Create something that makes you money while you sleep. One stream is risky.
​5.​Invest regularly and live below your means.
​6.​Focus on paying off high-interest debts. They steal your future income quietly.
​7.​Keep learning and improving your financial literacy. Money rewards understanding.

2026 is not the year to leave your finances on autopilot. Take control.

Apple and Google’s surprise AI partnership has sent shockwaves through the tech industry, and the implications go far beyond a simple collaboration.

The deal will see Google’s Gemini AI models and cloud infrastructure power key parts of Apple’s next-generation AI, including a long-awaited upgrade to Siri. While many details remain undisclosed, the strategic impact is already clear: Apple is choosing speed and scale over building everything in-house, while Google is securing unmatched distribution for its AI across billions of devices worldwide.

For Google, the upside is enormous. In addition to reported licensing fees, estimated at around $1 billion annually, the partnership positions Gemini to run on both iPhones and Android devices, giving Google a rare advantage in the race to define how consumers interact with AI on smartphones. Analysts say this move allows Google to protect and evolve its core search business on its own terms, rather than ceding that shift to a rival. The market response reflected that confidence, pushing Alphabet’s valuation above $4 trillion.

For Apple, the partnership is more calculated than flashy. By integrating Google’s AI capabilities, Apple can rapidly enhance Siri and its broader AI offerings while maintaining control over its ecosystem and user experience. It’s a strategic play to stay competitive in a fast-moving AI landscape without rushing out an underdeveloped solution.

The biggest question mark hangs over OpenAI. Once seen as a potential partner for Apple, OpenAI now appears sidelined by this deal. Despite its massive valuation and early leadership in generative AI, the agreement highlights a key reality of Big Tech: owning platforms and distribution often matters more than having the loudest innovation narrative.

In the end, this deal isn’t just about AI models, it’s about power, platforms, and positioning. Apple and Google have aligned their interests, and in doing so, may have reshaped the competitive balance of the AI race for years to come.

Kwara State mourns the loss of a dedicated leader, Prince Abdul Kadir Mahe. His legacy of service and commitment to the community will not be forgotten.

How can we honor his contributions and continue his vision for a better Kwara?