Households across parts of Nigeria are beginning to see lower prices for liquefied petroleum gas, commonly known as cooking gas, following improved supply and declining depot prices. Market data obtained by Nigerian Mirror showed that retail LPG…
Nigeria’s two largest labor organizations said they will begin negotiations with the federal government over a new national minimum wage, arguing that soaring inflation and rising living costs have significantly reduced workers’ purchasing…
Nigerian marketers are preparing to import large volumes of liquefied petroleum gas (LPG), commonly known as cooking gas, as prices have surged by about 140% in many parts of the country amid supply shortages. Industry sources said cooking gas…
Global oil prices fell sharply on Tuesday as growing optimism over a potential diplomatic breakthrough between Iran and the United States eased concerns about disruptions to crude supplies from the Middle East. Brent crude dropped more than 3%…
The Nigerian government on Tuesday acknowledged that inflation and insecurity remain major challenges facing the country, while defending the economic reforms introduced by President Bola Tinubu’s administration over the past three years.…
The price of liquefied petroleum gas (cooking gas) continues to rise across Nigeria despite increased domestic production and reduced imports, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The data…
The Central Bank of Nigeria has cut its benchmark interest rate by 50 basis points to 26.5%, citing easing inflation, improved foreign exchange stability and stronger external reserves, while warning that fiscal pressures could still threaten…
The International Monetary Fund has projected that Nigeria’s economy will grow by 4.4% this year, while warning that high inflation remains a major risk to the outlook. In its latest assessment released Tuesday, the IMF said growth would be…
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