•Foodstuffs Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents. The development has made consumers in the country groan, saying the hikes in the prices of goods have affected their budgets, reports The PUNCH Prices […]
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs. The FCCPC Director, Surveillance and Investigation Mrs. B.A Adeyinka, shed light on the multifaceted issues at play while briefing journalists during a m...
The Federal Competition and Consumer Protection Commission yesterday carried out an enforcement raid at two supermarkets in the Federal Capital Territory, Abuja, to ensure adherence to price display and quantity regulations. The Executive Secretary of the Commission, Dr Adamu Abdullahi, said the exercise targeted at reducing the high cost of f...
•Aliko Dangote Africa’s richest man Aliko Dangote says Nigerians should expect a drop in inflation given the reduction of diesel pump prices. He stated this yesterday during a chat with journalists after he paid Eid-el-Fitr homage to President Bola Tinubu at his Lagos residence. “I believe that we are on the right track. I believe […]...
Recently, the naira has continued to gain against the dollar at the parallel market, while Nigerians have high expectations that the prices of foodstuff will reduce. A recent market survey conducted by this paper has a contrary view as some prices have remained the same from last week till this week, while some prices of […]
•Bags of cement The National Association of Block moulders of Nigeria (NABMON) has urged the federal government to reduce import duties on cement manufacturing components to attract more foreign investment in the sector. The National President, NABMON, Mr Adesegun Banjoko, gave the advice in a statement issued today in Lagos. He said the price...
•Nigerian Breweries products Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. It was earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February 12, 2024, the price review,...
•Bags of cement Dangote, BUA, Lafarge and other cement major manufacturers agreed to reduce the price of cement after a meeting with the federal government. The meeting initiated by the minister of Works, David Umahi was also attended by the minister of Industry, Trade, and Investment, Uzoka-Anite, in Abuja on Monday, February 19, 2024, report...
•Femi Falana Human rights lawyer Femi Falana (SAN) maintains that the federal and state governments are empowered by several laws to control the prices of goods and services. Falana spoke on the heels of the rising cost of food items in the country and the increasing inflation rate, reports Channels TV. In statement yesterday, the […]
•Prepaid meters Nigeria’s foreign exchange and inflation have combined to push the prices of prepaid meters year-on-year, YoY by 80 percent to N147, 610.43 (Single phase) in February 2024, from N81, 975 in the corresponding period of 2023. Similarly, the price of the double phase meter also surged YoY by 80 per cent to N259, […]