The SCO (Lianyungang) International Logistics Park in east China's Jiangsu Province handled a record 84.36 million tonnes of cargo in 2025, up 13.52 percent year on year, according to the Nanjing Customs.
Official data showed that the logistics park dedicated to serving the Shanghai Cooperation Organization (SCO) handled 677,000 twenty-foot equivalent units (TEUs) in 2025, a year-on-year increase of 4.48 percent that set a new historical record.
Meanwhile, the revenue of its core logistics business reached nearly 4.75 billion yuan (about 680.75 million U.S. dollars), marking a year-on-year surge of 13.86 percent, injecting fresh momentum into the development of logistics corridor construction.
Inaugurated in 2015, the park has built a multimodal logistics system comprising roads, railways, rivers, and the sea, which also integrates industries such as new materials and new energy besides modern logistics. As a flagship project of the Shanghai Cooperation Organization, the logistic park plays a key role in boosting trade between China and Central Asia.
Throughput of SCO int'l logistics park in Lianyungang hits 84 mln tonnes in 2025
Nigeria's fuel market is undergoing a rare shake-up as competition pushes prices lower, bringing relief to local consumers while raising concerns over business durability.
In the capital city of Abuja, the state oil firm Nigerian National Petroleum Company (NNPC) has been selling petrol at about 815 naira per liter (about 0.57 U.S. dollars per liter), down from about 0.66 U.S. dollars per liter earlier in 2026. Other stations supplied by private giant Dangote are offering even lower prices, selling at around 750 naira (about 0.53 U.S. dollars) per liter.
For millions of Nigerians, the drop has been easing pressure on transport, food and daily living costs.
"I spend relatively lower on fuel and, by implication, transportation now than what it used to be," said Salifu Usman, a local resident in Abuja.
"We are happy with what we are seeing, because, of course, for a very long time, we are witnessing the crash down of price, even during festive period," said Jonathan Madaki, another resident.
The price cut has also allowed for higher profit margins for local small business operators, who have long relied on petrol-powered generators to cope with chronic power shortages.
Behind the price cuts is a growing battle for market share. The Nigeria-based Dangote Refinery, the largest in Africa, has boosted domestic supply and slashed its wholesale price to around 700 naira (about 0.49 U.S. dollars) per liter.
The move has forced importers and the state oil company to lower their own prices to stay competitive. But as margins shrink, analysts warn, what now appears to be a price war may not last.
"My own interpretation is that we are going to that stage where, especially those that, if it keeps coming down, I think those that bring in products may find it not so attractive again. So I don't actually see how sustainable this price war, if I may use that term, will be," said energy expert Paul Ogwu.
Nigeria petrol price cuts ease living costs, raise durability concerns
