The BUA Group has said that despite its efforts to make cement affordable and available to Nigerians, its efforts have been stifled mainly due to the influence of middlemen and other competitors. The Chairman and Chief Executive Officer of the Group, Abdul Samad Rabiu, disclosed this to State House Correspondents[Read More…]
Tag: price
FIRSTBANK FELICITATES WITH JUNIOR ACHIEVEMENT NIGERIA ON NOBEL PEACE PRIZE NOMINATION
In recognition of the giant strides and efforts by Junior Achievement Worldwide – the parent body of Junior Achievement Nigeria and other Junior Achievement across 119 countries – in equipping young people to solve societal issues, whilst building an entrepreneurship mindset, Junior Achievement World Wide –– has been nominated for[Read More…]
Petrol price hits N212.61 per litre – PPPRA
Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to N212.6 per litre, Petroleum Products Pricing Regulatory Agency (PPPRA) said in a new monthly template. The template published Thursday night shows that the retail price of petrol would sell between market band of N209.61 and N212.61. Marketers usually[Read More…]
New Petrol Price Imminent as Landing Cost Hits N180 Per Litre
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…]
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…]
Panic Buying of Palliatives Caused High Food Prices – Governors
The Jigawa State Governor, Abubakar Badaru, and his Kebbi State counterpart, Atiku Bagudu, recently said bulk purchase of food items as palliatives for the COVID-19 pandemic contributed to the high cost of food in the country. The governors spoke alongside their Plateau State counterpart, Simon Lalong, during an interview with[Read More…]
Nigerian Government Raises Petrol Pump Price Again
This new development was contained in a memo released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
Between Consumer and Petroleum Pump Price
Consumer spending is one of the main engines of economic growth, and its trajectory in the months ahead will be an important indicator of the Nigeria’s economic health. If the current trend continues, average daily spending could break through the bench mark on a routine basis, and thus denote a[Read More…]
PPPRA No Longer Fix Petrol Price
The Petroleum Products Pricing Regulatory Agency (PPPRA) is no longer fixing the pump price of Premium Motor Spirit (PMS) also known as petrol for marketers, the executive secretary, PPPRA, Mr Saidu Abdulkadir disclosed yesterday. Abdulkadir, who stated this in a statement in Abuja, yesterday, however, said the agency would constantly,[Read More…]
Between fuel pump scam and Consumers
These digital fuel pumps are being used by filling station attendants to scam fuel buyers when you are buying into vehicle tank. It had happened to me several times but my suspicion was not confirmable and contestable. Yesterday, I opted to buy N2,500.00 fuel. The attendant programmed the pump accordingly.[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…]