THERE were indications, Monday, that stakeholders would soon emerge with a new price of petrol as the landing cost of the product rose from N151 to N180 per litre, due mainly to rising price of crude oil in the international market. The rise of crude oil price from $58 to[Read More…]
Tag: consumers
Nigeria’s Food Inflation Worsens, Hits 19.56%: Data Office
Nigeria’s inflation rate rose to 15.75 percent in December 2020, a 0.86 percent increase from 14.89 percent in November, the National Bureau of Statistics (NBS) said Friday morning in its monthly inflation report. The statistics office disclosed that food inflation surged to 19.56 percent last month, representing a 1.26 percent[Read More…]
New Electricity Tariff Hike Will Reflect Inflation, Forex Rates — NERC
The Nigerian Electricity Regulatory Commission (NERC) has said the new electricity tariff hike would not affect customers being served less than an average of 12hrs of supply per day. NERC said some service bands have been adjusted by NGN2.00 to NGN4.00 per kWhr to “reflect the partial impact of inflation[Read More…]
Consumers Will Boycott Luxury Items For The Next 12 Months – CBN
The Central Bank of Nigeria (CBN) has projected that most Nigerians will distance themselves from expensive and luxury items within the next 12 months. This is contained in the ‘Consumer Expectations Survey for Q4 2020’ report released by the CBN’s statistics department. It was reported that Nigerians’ overall confidence outlook[Read More…]
CONSUMERS …Buy From Your Friends
The concept (some say it’s a theory) of LOVEMARK as a strategic tool for brand definition, positioning and offering is instructive and fundamental in this narration. Some writers have attempted to define the concept, but my position is that it is not given to definition, because it is operative, instructive[Read More…]
This is How Brand Negligence Expose Consumers to Health Hazard
NNPC, IDSL Chart Path to Achieving $10 Production Cost by 2021
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Integrated Data Services Limited (IDSL) said they are continuing the search towards attaining a $10 per barrel production cost with the deployment of several cost-cutting measures. The Chief Operating Officer, Upstream, NNPC, Mr Adokiye Tombomieye and the Managing Director of[Read More…]
Consumers Paid N76.5bn Extra for Petrol After Deregulation – Report
After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol, have paid an additional sum of over N76.5bn for the purchase of the commodity. In March when the Petroleum Products Pricing Regulatory Agency announced the commencement of[Read More…]
Consumers And Food Vendors Rate Crown Premium Spaghetti High
Consumers and Food vendors of pasta have rated Crown Premium as high, adding that they would easily recommend the brand as a result of its unique qualities. While consumers relish the taste and non-sticky attribute of the pasta brand, food vendors stated that the product is a source of profit[Read More…]
Nigerian Consumers Laments Hike In Prices Of Food Items
Inflation measures the rate at which the prices of goods and services increase over a period of time. The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis; the According to the August CPI/inflation report released by the National[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]