LAGOS APRIL 18TH (NEWSRANGERS)-The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump price of Premium Motor Spirit (petrol) further down to about N800 per litre in the coming weeks or months, oil marketers and industry analysts said on Wednesday. This comes as the Dangote…
LAGOS JANUARY 13TH (NEWSRANGERS)-The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in…
LAGS OCTOBER 12TH (NEWSRANGERS)-The Trade Union Congress (TUC) has urged the Federal Government to reverse the petrol pump price to what it was in June 2023, aiming to alleviate the suffering of Nigerians. TUC President, Comrade Festus Osifo, made this call in Abuja on Thursday during a press conference. He emphasized the need for the…
LAGOS MAY 21ST (NEWSRANGERS)-In what seems to have become a monthly ritual, the Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from April 9, 2024, after it had made similar announcements in February and March 2024. A price review notification the Nigerian Breweries issued…
LAGOS MAY 6TH (NEWSRANGERS)-A report indicates that the price of liquified petroleum gas (LPG), also known as cooking gas, has crashed. According to a market survey carried out by Legit, dealers have crashed the product’s price to ₦900 per kilogramme from the ₦1,300 it sold weeks ago. LPG dealers have reported improvement in supplies from…
LAGOS FEBRUARY 19TH (NEWSRANGERS)-The National Chairman of Cement Producers’ Association of Nigeria (CEPAN), Prince David Iweta, has said the body is ready to assist the Federal Government in crashing the price of cement within 30 days if brought in as part of efforts to bring solution. Iweta, who gave the assurance in an exclusive chat with…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Marketers of cooking gas under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers exposed the plans by some operators of gas terminals in Nigeria and some sets of cabals running the business, to increase the price of 12kg of gas to N25,000. The marketers also revealed that the high…
LAGOS MAY 10TH (NEWSRANGERS)-The price of local rice, palm oil, brown beans, and bread amongst other staple food items surged across Lagos Markets. This is according to the recent food market survey carried out by Nairalytics, the research arm of Nairametrics. The recent food price increase is despite the reopening of four more land borders…