Beans, Tomatoes, Rice Record 253%, 123%, 51% Price Hike       The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food...

Meter Manufacturers Demand Price Hike Over Devaluation     A total of 17 manufacturers of electricity meters are demanding an increase in the cost of the commodity following the rise in inflation and foreign exchange rates, among other economic variables. The meter producers under the aegis of Meter...

NNPC Petrol Sales Revenue Drops Despite Price Hike       The volume of petrol sold by the Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, dropped in the first two consecutive months of price hike, latest data from the NNPC have shown. The PPMC...

Price Hike: FG To Back Marketers On Petrol Import       The Federal Government is to make the dollar accessible to oil marketers in order to make the importation of petrol into Nigeria competitive and help reduce the commodity’s rising cost. It was learnt on Monday that oil...

RIPAN Warns Local Rice Distributors Over Price Hike   Following the shutdown of the country’s land borders since August, and increase in the price of local rice at several markets, the Rice Processors Association of Nigeria (RIPAN) has convened a stakeholders meeting involving officials of the...

The Nigerian National Petroleum Corporation (NNPC) says it is unaware of any increase in the official ex-depot price of kerosene. The Pipelines and Product Marketing Company (PPMC), a subsidiary of the NNPC, was reportedly said to have increased the ex-depot price from N75 to N135...