Category : Search result: consumer prices


NLC: Democracy Failing as Election Prices Soar

Nigeria Labour Congress raises urgent concerns about the deteriorating state of democracy and economic hardship facing citizens during election periods as basic commodity prices surge uncontrollably.

BP Profit Surges to $2.7B as Oil Prices Soar

British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.

Shein Faces French Probe Over 'Childlike' Doll Sales

French authorities investigate Shein for selling adult dolls resembling children, sparking global outrage. The Chinese retailer pledges full cooperation amid growing scrutiny of its business practices.

France Threatens SHEIN Ban Over Child Sex Doll Controversy

French authorities are considering banning fast fashion giant SHEIN after shocking reports of childlike sex dolls reappearing on their platform. This developing scandal has sparked global outrage and concerns among Nigerian online shoppers.

Imported Petrol Cheaper Than Dangote Refinery in Nigeria

Nigerian fuel market experiences dramatic shift as imported petroleum products undercut Dangote Refinery prices following President Tinubu's tariff reforms. Discover how this price war is reshaping Nigeria's energy landscape.

OPEC Poised for Major Oil Production Increase

OPEC+ considers significant oil output hike as energy markets face mounting pressure from supply disruptions and geopolitical tensions. Key decisions expected in upcoming meeting.

34.7M Nigerians Face Food Crisis by 2026

Shocking new data projects over 34 million Nigerians will experience acute food insecurity in the coming years. Discover the driving factors and urgent solutions needed to prevent this looming catastrophe.

Swiss Bank Profits Soar with Gold Price Surge

The Swiss National Bank reports staggering profits driven by soaring gold prices and favorable foreign exchange rates, marking a significant turnaround for the central bank.

Fuel Tax Delayed Until Naira Recovers, Oil Prices Fall

The Nigerian government delays controversial fuel tax implementation until economic conditions improve. Tax Chairman Taiwo Oyedele reveals the strategic pause awaiting naira appreciation and falling oil prices.

22 Ships Dock in Lagos, Fuel and Food Prices Crash

Nigerians rejoice as 22 vessels carrying petrol, frozen fish, and food items arrive Lagos ports, causing significant price drops across major markets. Get the latest on how this maritime boom is affecting commodity costs.

APC's Emami Warns Against 15% Fuel Import Tariff

Prominent APC leader Henry Emami raises urgent concerns about Nigeria's planned 15% fuel import levy, predicting severe economic consequences including higher transportation costs and increased inflation for ordinary Nigerians.

Tinubu imposes 15% tariff on imported fuel

President Tinubu's administration has introduced a 15% import levy on petroleum products, signaling major changes for Nigeria's energy sector and potentially affecting fuel costs across the nation.

Tinubu Cuts Petrol Import Duty to 15%

In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost Nigeria's energy sector.

BIC Wins Legacy Brand Award at Marketing Edge Awards

Global stationery giant BIC has been honored with the Legacy Brand Award at the Marketing Edge Awards 2024, recognizing decades of market leadership and brand excellence in Nigeria's competitive consumer goods sector.

Tinubu Slashes Petrol Import Duty to 15%

In a major economic move, President Bola Tinubu has approved a significant reduction of import duty on petroleum products from 35% to just 15%, aiming to ease fuel costs and boost economic activities across Nigeria.

FMCG Stocks Surge 200% in Nigerian Market Rally

Nigeria's FMCG sector experiences massive recovery as leading stocks deliver unprecedented returns, with some companies posting over 200% growth amid improved market conditions.

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