•National Bureau of Statistics complex The National Bureau of Statistics says the retail price of a litre of diesel increased from N836.91 in February 2023 to N1,257.06 in February 2024. The statistics office stated this in its latest Diesel Price Watch for February 2024 released in Abuja today. It stated that the February 2024 price […...
Some gas dealers and FCT residents have decried the surge in the price of Liquefied Petroleum Gas (LPG), known as cooking gas, calling on the federal government to wade into the issue. The dealers and residents yesterday in Abuja expressed dissatisfaction over the constant rise in the price of the product and its attendant effects, […]
Road contractors are in for a tough time as the price of bitumen, a major component used in the production of asphalt, soared by 150 percent within a period of seven months, between August 2023 and March 2024. Investigation by this paper showed that 20 tons of bitumen, which was sold at N854,375 in August […]
The National Bureau of Statistics (NBS) has reported that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 3.55 percent on a month-on-month basis to N5,139.25 in January 2024 from N4,962.87 recorded in December 2023. The NBS report said that on a year-on-year basis, the price increased...
•Meat The National Butchers Association, Oyo State chapter has announced an increase in the price of meat, effective today. This, the association attributed to the high cost of transportation and other rising running costs, reports Nigerian Tribune. Chairman of the association in the state, Mr Wahab Olayiwola made this known during a prayer se...
•Bags of rice The average price of 1kg of local rice sold loose jumped by a whopping 98 per cent in one year, according to data obtained from the Nigerian Bureau of Statistics (NBS). The report ‘Selected Food Prices Watch (January 2024)’, said the rise indicated a rise of 98 per cents in price on […]
•Cooking gas cylinders A newly released report by the Nigerian Bureau of Statistics (NBS) has said the price of the Liquefied Petroleum Gas (LPG) otherwise known as cooking gas increased by 12 per cent from N4,589 in one year. The report titled ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (January 2024)’, said while the price […]...
•Bags of cement The rising cost of building materials is triggering abandoned projects, posing significant threats to the construction sector, and exacerbating the existing housing deficit gap, reports Sunday PUNCH. The recent surge in cement prices has reverberated throughout the real estate market, sparking an unexpected increase in property...
•Bags of cement Developers in the built industry have rejected the agreement reached between the federal government and cement manufacturers. At the meeting, it was resolved that prices of cement will be reduced to between N7,000 and N8,000. In an exclusive interview with our correspondent, the President of the Real Estate Developers Associati...
Cement manufacturers have agreed to sell a 50kg bag of cement at a retail price between N7,000 and N8,000, depending on location nationwide. However, the manufacturers stated that the price drop from the current market price would depend on the fulfilment of certain government interventions to ameliorate critical challenges faced in the indust...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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