Category: Market
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Petrol sells for N700 per litre in Nigeria
There was massive anger in Anambra State on Tuesday as commuters and motorists were hit by the sudden hike in the pump price of Premium Motor Spirit otherwise known as petrol from N530 to N700. This is just as motorists and other users of the product besieged various petrol stations and were buying the product…
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BREAKING: Marketers adjust pumps to N650 in Ondo as NNPCL announces new price per litre
The pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil marketers confirmed the increase in the cost of the commodity, as they stated that any shift in price by NNPCL stations…
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Again, cement prices hit N6,000 over logistics, haulage costs
Fresh increases in cement prices and associated products were implemented recently by distributors across the country, as high inflation impacted the building materials market. Dealers and retailers were jolted by the new regime of prices, as they were allegedly not given any prior notice. They were apprehensive at the weekend, and many went out shopping…
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Tokunbo vehicle sales drop by 70%, as buyers opt for Nigerian-used cars
The recent 40 per cent hike in the exchange rate for cargo clearance at the seaports and the increase in tariff on imported cars by a terminal operator, Ports & Terminal Multipurpose Limited, has led to about 70 per cent drop in the sale of second-hand imported cars. The PUNCH reported last week that the…