Kerosene prices rise by 57.18% in August -NBS

October 7, 2023 Benjamin Umeteme 0

The National Bureau of Statistics (NBS) has said the price of kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August. Blueprint Weekend reports that the NBS in the National Household Kerosene Price Watch report noted that this sharp increase from last year’s N809.52 in August 2022 highlighted escalating energy costs. It further indicated that an uptick Read More

FG increases electricity meters’ prices by N34,151

September 6, 2023 Tope Sunday 0

The Federal Government has approved an upward review of the prices of pre-paid electricity meters in the country by N23,661, and N34,151 respectively. Under the new price, the price of a single-phase meter (4G, smart) will increase to N81,975.16 from N58,661.6, representing an increase of N23.661.6, while the price of a Three-phase meter (4G, smart) was raised from N109,684.36 to Read More

Oil prices rise as Saudi, Russia announce output cut for August

July 3, 2023 Blessing Anaro 0

Oil prices rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia yesterday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news Read More

Resurgence of old, new naira notes, Ramadan push prices higher

April 6, 2023 Blessing Anaro 0

The release of the old naira notes and the beginning of Ramadan has driven prices of commodities, particularly tomatoes higher in recent days, Bismarck Rewane, Chief Executive Officer of Financial Derivatives Company (FDC) has said. “During the naira cash saga, the price of a 50kg bag of tomatoes dropped by 6.25 per cent to N15,000 as its high perishability forced Read More