Food Prices Rose In April Despite Fall In Inflation
The prices paid by consumers for rice, egg, tomatoes and yam rose in April despite 0.91 month-on-month (MoM) fall in food inflation sub-index during the period.
Similarly, transport fare for bus, air, motorcycle and waterway journeys increased...
Petrol Price Hike Inevitable, Says MAN
The Manufacturers Association of Nigeria says increase in the price of petrol is inevitable.
The Director General of MAN, Segun Ajayi-Kadir, stated that regardless of the arguments around subsidy removal and the potential effect on the cost of production and...
N120bn Petrol Subsidy To Double As CBN Adjusts Exchange Rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions to lock horns with the...
Petrol Imports Rose By 100m Litres In January – NNPC
Latest figures in the financial and operations report of the Nigerian National Petroleum Corporation have shown that the imports of Premium Motor Spirit (or petrol) by the NNPC rose by 100 million litres following the...
Petrol Price: FG, Labour To Reach An Agreement - NNPC
The price of petrol is not going to be adjusted despite the fluctuations in global crude oil prices until the Federal Government, labour and other stakeholders agree on pricing issues.
Group General Manager, Group Public Affairs...
Nigeria Faces Serious Debt Sustainability Risk - LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns that Nigeria faces serious fiscal sustainability risk over its national debt profile.
LCCI noted that the country’s debt-to-GDP ratio, which the government is using as a measure...
