LAGOS JANUARY 31ST (NEWSRANGERS)-The prices of locally-made rice have trickled down across major markets in Lagos State on the back of sustained reduction in the price of foreign-made rice as other major food items such as; tomatoes, onions, pepper, and potatoes record further decline in price. This is according to the latest market survey, carried…
LAGOS AUGUST 24TH (NEWSRANGERS)-In a bid to cope with the devastating effects of Covid-19, inflation, devaluation, rising operational costs and a tough business environment, an increasing number of Nigerian businesses are making the decision to carry out upward reviews of the prices of their products and services. Latest in a long line of companies to…
LAGOS AUGUST 17TH (NEWSRANGERS)-Dealers in used cars have been forced to cut prices by up to 15 percent in response to depressed demand in an economy reeling from the effects of the Covid-19 pandemic. Mazda Demio, Toyota Fielder, Toyota V8 and Subaru Outback are among the popular models whose yard prices have dropped by a…
LAGOS JUNE 4TH (NEWSRANGERS)-Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and recovery from the coronavirus pandemic will spur fuel demand. Brent crude futures for August rose 43 cents, or 1.1 per cent, at $40 a barrel, by 0252…
LAGOS APRIL 21S (NEWSRANGERS)-U.S. oil prices plummeted in historic fashion Monday, crashing below zero as traders unloaded positions ahead of the May contract’s Tuesday expiration. West Texas Intermediate crude oil futures for May delivery cratered by 305 percent to -$36.73 a barrel. At a price below zero, buyers would be paid to take delivery as there are costs…
LAGOS OCTOBER 8TH (NEWSRANGERS)-The closure of the country’s borders seems to have led to increase in prices of some food items such as rice, frozen chicken and turkey. Observers say if the borders are not opened before December, it portends a bleak Christmas for many Nigerians, given the astronomical rise in the prices of both…
LAGOS SEPTEMBER 17TH (NEWSRANGERS)-Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters production could be fully back on line within weeks, quicker than initially thought following weekend attacks that cut halved the kingdom’s output. Saturday’s attacks raised the specter of a major supply shock in a market that in recent…
LAGOS SEPTEMBER 16TH (NEWSRANGERS)-MultiChoice recently reduced the price of DStv in various African countries, including Uganda, Kenya, Tanzania, and Mozambique. MultiChoice said the monthly DStv subscription fees were reduced to make the service more competitive against streaming services. The price cuts, however, were not the same in all countries, as each country has different cost…