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Business Inflation Top Story

Significant price escalation witnessed across fuel types in October 2023, reports NBS

The National Bureau of Statistics (NBS) has released its comprehensive reports on fuel prices, revealing an alarming surge in October 2023 compared to previous years. The average retail price of petrol experienced a substantial upswing from N195.29 in October 2022 to a staggering N630.63 in the same month of 2023, marking a significant 222.92 per Read More…

Business Oil & Gas Top Story

LPG retailers call for government action to avert price hike

The Liquefied Petroleum Gas Retailers Association (LPGAR) has called on the federal government to establish more local LPG production plants, and encourage storage and transportation of the product to avert a price hike. The association’s branch national chairman, Ayobami Olarinoye, made the remarks in an interview with the News Agency of Nigeria (NAN) in Lagos Read More…

Metro Oil & Gas

Marketers warn Nigerians against panic buying cooking gas

Due to the force majeure declared by Nigeria Liquefied Natural Gas Ltd (NLNG), the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has warned Nigerians against buying Liquefied Petroleum Gas (LPG), also known as cooking gas, in a panic. In response to NLNG declaring force majeure on its gas facilities due to flooding on Monday, Read More…