The federal government yesterday said the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. It disclosed this at a briefing in Abuja, as oil marketers expressed worry that the recent crash of the naira against the United States dollar might lead to [&hellip...
The price of 1 kilogram (Kg) of rice increased year-on-year, YoY, by 81 percent to N917.93 in December 2023 from N506.17 in the corresponding period of 2022. The National Bureau of Statistics, NBS, disclosed this yesterday in its Selected Food Price Watch for December 2023. NBS also said the average price of 1kg of Beans […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria National Petroleum Company Limited (NNPCL) have warned Nigerians against panic-buying and dismissing reports of a planned hike in the pump price of petrol also called Premium Motor Spirit (PMS). According to reports, fuel marketers clashed with the Nigerian Nati...
•Local rice The increasingly high cost of production, transportation and other factors have caused the price of one kilogramme of local rice to jump by 73.2 per cent in one year, according to findings. This happened despite a multi-billion naira funding support of the Central Bank of Nigeria for the nation’s rice value chain aimed […]...
The National Association of Nigerian Students, NANS, Southwest Zone, has urged the Nigerian National Petroleum Corporation Limited, NNPCL, not to think of increasing the pump price of petrol to N1,200 per litre as being canvassed by some people and groups. The student body, in a statement by the Zonal Coordinator, Comrade Alao John, the Secret...
Alhaji Abdul-Samad Rabiu, Chairman of the BUA Group, said that the company would maintain its promise of selling cement at the price of N3,500 from January 2024. He said this while speaking with State House Correspondents after a visit to President Bola Tinubu today in Lagos. He said the company would also make the product […]
The National Bureau of Statistics (NBS), says the average retail price of a litre of petrol increased from N202.48 in November 2022 to N648.93 in November 2023. NBS said this in its Petrol Price Watch for November 2023 released in Abuja yesterday. It stated that the November 2023 price of N648.93 represented a 220.49 per […]
The Nigeria Labour Congress, yesterday, warned the federal government against heeding the advice of the World Bank to increase the pump price of Premium Motor Spirit popularly called petrol to N750/litre. The NLC’s Head of Information, Benson Upah, in an interview with our correspondent, said any further increase in the price of petrol would l...
•Kyari appears before Senate Forty eight hours after being summoned by the Senate, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has now appeared before the joint committee on appropriations. The Senate had issued a 24-hour ultimatum on Wednesday to the NNPCL boss after an obser...
The petrol prices in Imo state today, Wednesday November 8, increased from N650 to N700 per litre. The sudden rise has left commuters groaning as they struggle to cope with the effects of the hike which the commercial drivers have increased by over 100 per cent, making it difficult for commuters to afford transportation, reports […]