LAGOS MARCH 16TH (NEWSRNAGERS)-The Nigerian Breweries (NB) Plc has announced an upward review in the prices of some products in its stock-keeping units (SKUs) to mitigate rising operational and input costs. In a notice to distributors, the company said the adjustments were driven by prevailing economic conditions that have significantly increased the cost of…
LAGOS JUNE 18TH (NEWSRNAGERS)-Electricity Distribution Companies in Nigeria have announced a rise in the price for various electricity meter models, marking the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03…
LAGOS MARCH 16TH (NEWSRANGERS)-The price of liquefied natural gas (LPG), also known as cooking gas, has once again been reduced, according to a market survey by Legit.ng. Nigerians have also taken to social media to share the new prices at which dealers are selling cooking gas, expressing a sigh of relief. New data showed that…
LAGOS MARCH 10TH (NEWSRANGERS)-Booming cocoa prices are stirring interest in turning Nigeria into a bigger player in the sector, with hopes of challenging top producers Ivory Coast and Ghana, where crops have been ravaged by climate change and disease. Nigeria has struggled to diversify its oil-dependent economy but investors have taken another look at cocoa…
LAGOS AUGUST 13TH (NEWSRNAGERS)-As the new harvest season unfolds, markets across Lagos and Abuja have seen a significant drop in the prices of tomatoes and peppers. At the bustling Ketu and Berger markets in Lagos, traders report that the price of a large basket of tomatoes has plummeted to between N55,000 and N60,000, a sharp…
LAGOS MAY 30TH (NEWSRANGERS)-Prices of essential food items in Nigeria surged significantly in April 2024 compared to the same period last year, according to the latest Selected Food Price Watch report from the National Bureau of Statistics (NBS). The report revealed a concerning rise in the cost of staple foods across the board. Here’s a…
LAGOS MAY 25TH (NEWSRANGERS)-Eko Electricity Distribution Company (Eko Disco) has announced the new, deregulated meter prices for metres deployed under the Meter Asset Provider (MAP) Scheme. The distribution company disclosed this in a statement on its official X account on Friday, revealing prices offered by six different MAP vendors for both single-phase and three-phase metres….
LAGOS FEBRUARY 14TH (NEWSRANGERS)-Prices of staple foods in Nigeria increased to at least 40 percent in the last two months, a market survey by DAILY POST reports. DAILY POST gathered that as of Monday, 11 February 2024, the prices of Rice, beans, garri, groundnut oil, tomatoes, and bread witnessed an astronomical increase of over 40…
