Problem Looms For Nigeria As Oil Price Plunges   The international oil benchmark, Brent crude, has fallen to its lowest level this year and below the proposed benchmark for Nigeria’s 2019 budget, with economic experts describing the development as a cause for concern for the country. Brent,...

NCC Moves To Curb Competition In Broadband Price   The recent broadband price war between bigger and smaller operators will soon come to an end, the Nigerian Communications Commission (NCC) has said. To address the industry challenge, NCC said it would soon release a new cost-based pricing...

Assessing Nigeria’s Benefits From Oil Price Rally   While the recent appreciation in crude oil price has provided Nigeria an opportunity to earn more revenue from oil sales, the country equally spends a considerable amount of that on importing petroleum as well as on subsidy payment,...

FG Seeks Farmers’ Support In The Bid To Reduce Local Rice Price The Federal Government on Thursday called for the support of farmers to make the price of local rice more affordable for Nigerians. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this...

As Supply Tightens, Oil Price Rises Above $74 The global oil benchmark, Brent crude, hit a two-week high above $74 a barrel on Wednesday as an industry report showing a sharp drop in US crude inventories and US sanctions on Iran pointed to tighter supplies. The...

Kerosene: NNPC Raises Price Thrice In 2Months   The Nigerian National Petroleum Corporation has increased the price of kerosene three times between May and so far this month, raising the cost of the commodity by about N40 per litre. It was found out that despite the price...