AGS NEWS – Labour Party’s 2023 presidential candidate, Peter Obi, criticized the recent fuel price hike, calling it “unfortunate and insensitive.” In a post on X.com, Obi highlighted the negative impact of the increase on Nigeria’s economy and citizens. The … Continue reading Fuel price hike unfortunate, insensitive, says Peter Obi
AGS NEWS – The pump price of Premium Motor Spirit (PMS), commonly known as petrol, could decrease to about ₦300 per litre once massive production starts at the Dangote Petroleum Refinery and other local producers, according to operators of modular … Continue reading Local refining could lower petrol price to ₦300/litre – Modular refineries
AGS NEWS – The incident occurred in the Dogarawa area of Zaria, where frustrated youths, accusing food manufacturers like the BUA company of unjustified price increases, blocked a truck transporting foodstuffs. Taking advantage of the situation, many residents seized the … Continue reading Kaduna residents block BUA truck, loot noodles amid price hike protests
Oil marketers have advised President Bola Tinubu to gradually ease the removal of subsidy on Premium Motor Spirit (PMS) due to challenges faced by importers in accessing US dollars and the resulting impact on businesses. This recommendation was made amid … Continue reading Fuel marketers express discontent as government rejects fuel price increase
Organized Labor has issued a stern warning that it will initiate a complete, all-encompassing, and indefinite nationwide shutdown of Nigeria if the petrol pump price, currently at 617 naira, is increased once again, which they deem to be “illegal.” Joe … Continue reading NLC warns of fresh strike amid fuel price increase
Nigerians are getting anxious about the cost of gas as the country’s currency, the naira, loses value against the US dollar. With recent increases in global crude oil prices, there’s concern that the price of petrol, commonly known as gas, … Continue reading Marketers warn of possible fuel price increase amid naira slump
Nigerian Breweries Plc, a prominent beverage company, has issued a notice of price change for its stock-keeping units (SKUs) with effect from August 10. The announcement, conveyed in a letter signed by the Sales Director, Ayo Lawal, cited the need … Continue reading Nigerian breweries implements price increase on products
The National Economic Council of Nigeria is currently in session at the Presidential Villa in Abuja. This meeting comes just two days after the Nigerian National Petroleum Company Limited raised the petrol pump price from N540/litre to N617/litre, sparking outrage … Continue reading NEC holds meeting amid fuel price hike and economic concerns
The Peoples Democratic Party (PDP) criticized the All Progressives Congress-led Federal Government for the recent increase in the pump price of Premium Motor Spirit (PMS) or fuel from N534 to N617 per litre. In a statement, the National Publicity Secretary … Continue reading PDP condemns federal government for N617 per litre fuel price
The CEO of FCCPC, Babatunde Irukera, emphasized on Tuesday the commission’s determination to combat arbitrary price increases by trade associations for essential food items. During a high-level forum focused on fair food prices in Nigeria, Irukera highlighted the government’s commitment … Continue reading FG to take action against trade associations engaging in excessive food price hikes
The pump price of petrol, also known as Premium Motor Spirit (PMS), skyrocketed to N1,200 per litre in Abakaliki, the capital of Ebonyi State. This increase came after President Bola Tinubu announced the removal of subsidy on the product. The … Continue reading Petrol price soars to N1,200 per litre in Ebonyi state
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