price

IPMAN Accuses FG Of Non Inclusion Of Fuel Pump Price

January 23, 2020 10:33 am

Independent Petroleum Marketers Association of Nigerian (IPMAN) has accused the Federal; Government (FG) of non inclusion during upward review of fuel pumps price.

IPMAN Caretaker Committee Chairman, Comrade Robert Obi made this known during an interactive session with the Management of the Department of Petroleum Resources (DPR) in Calabar, Cross River State capital.

Comrade Robert lamented the challenges faced by members of IPMAN since the review of fuel pump price. “So, when the federal government adjusted pump price to N145, IPMAN was not invited to take part in the meeting where the N9 margin was arrived at because of the …

China Warns US Of A ‘Price’ For Uighur Bill

December 4, 2019 2:35 pm

China warned Wednesday that a “price must be paid” after the US House of Representatives overwhelmingly passed legislation seeking sanctions against senior Chinese officials over the crackdown on mainly Muslim Uighurs in Xinjiang.

The legislation adds to tensions between the two superpowers just as they are locked in negotiations to finalise a “phase one” deal to resolve their protracted trade war.

US President Donald Trump had already angered Beijing after he signed legislation supporting pro-democracy protesters in Hong Kong, prompting China earlier this week to impose sanctions on US-based NGOs and suspend future visits by US warships to the semi-autonomous …

Cooking Gas: Association Decries Price Hike

November 27, 2019 5:41 am
Mr. Dubem Muomandu, Chairman, Nigeria Association of Liquefied Petroleum Gas Marketers (NALPGAM), Anambra chapter, has decried the hike in prices of cooking gas in the state.

Muomandu made the observation with newsmen in Awka on Tuesday. He also advised its members to take Public Liability Insurance cover to reduce risks in the event of accidents.

According to him, the increase in prices is more noticeably in the lower capacity cylinders of 3kg and 6kg used largely by the masses.

“The price of cooking gas per kg has increased from N250 to N320 at the moment. This means that a 3kg

…

Commercial Sex Worker Stabbed To Death Over Price

November 11, 2019 9:28 am

A  commercial sex worker was at the weekend, stabbed dead by a customer at the popular Edo Hotel, Atan street, Empire area of  Surulere, Lagos.

Babatunde, a regular caller at the hotel, had attacked one of the commercial sex workers, Elochukwu, with a knife over  argument on the price of sex.

A witness, Wasiu, said: “Babatunde, who is a frequent caller to the hotel, stabbed a sex worker with a kitchen knife that was used for cutting vegetables.

“He attacked two other men who tried to stop him from fleeing the spot. The woman and two others were rushed to

…
Minimum Wage: NLC Urges FG Not To Raise Fuel Price, Taxes

Minimum Wage: NLC Urges FG Not To Raise Fuel Price, Taxes

October 19, 2019 5:50 pm

Organised Labour (NLC) has urged the Federal Government not to embark on any policy measures that will erode the expected gains of the new ₦30,000 new minimum wage for workers.

In a statement issued Saturday by the President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, the labour specifically asked the federal government not to approve any further tax policy or increase in the prices of petroleum products.

“We also call on government to refrain from introducing counterproductive economic policies and decisions that would erode the current wage gain achieved by workers. Any further increase in petroleum product prices, …

Emefiele Begs Rice Millers Not To Hike Price Of Local Rice

Emefiele Begs Rice Millers Not To Hike Price Of Local Rice

October 16, 2019 9:41 am

Following an unprecedented increase in the prices of locally-produced rice as a result of border closure, Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has appealed to rice millers, merchants and distributors to refrain from such acts, saying it’s very unpatriotic. Emefiele, who met with members of the Rice Millers Association of Nigeria (RIMAN), merchants and distributors at the CBN Headquarters, in Abuja, yesterday also urged them to desist from hoarding the grain.

Noting that imported rice is usually laced with too many chemicals for preservation, which are not good for consumption, he explained that the border closure was to …

Nigeria Will Team Up With Cameroon To Set Cocoa Price

Nigeria Will Team Up With Cameroon To Set Cocoa Price

October 11, 2019 2:13 am

Nigeria is planning to team up with Cameroon to agree on a premium for their cocoa with international buyers, following moves by the top producers – Ivory Coast and Ghana, to boost prices for their crops, the Vice President of the World Cocoa Producers Organisation, Sayina Riman, has said.

The plan, which was said to have been suggested by Nigeria, the world’s fourth-largest cocoa producer, is part of a drive-by cocoa growers in West Africa and Latin America to try to address a perceived imbalance between farmers’ incomes and money made by big commodities traders.

Newsmen reported that Ivory Coast …

Fair Trade USA raises cocoa price minimums

Fair Trade USA raises cocoa price minimums

June 12, 2019 1:34 am

Fair Trade USA will increase the floor price and fixed premium it requires companies to pay cocoa farmers under its certification system, the organization said on Tuesday.

The increase is designed to improve livelihoods in a sector that has long grappled with farmer poverty, child labor and deforestation

The nonprofit will increase its minimum price for conventional cocoa to $2,400 per tonne from $2,000. For organic cocoa, the price will be $300 over this minimum or the market price, whichever is higher at the time. The premium, which is used to fund community projects, will increase to $240 per tonne …

Palm oil producers cry out over declining price

April 21, 2019 5:25 pm

The National Palm Produce Association of Nigeria (NPPAN) has raised alarm over downward slide in price of Crude Palm Oil (CPO) and local demand in spite of their huge investments.

The group raised the alarm in a letter jointly signed by Mr Dele Olanubi, NPPAN Ambassador, Mr Bolarinwa Adetula, Chairman Ondo Chapter and Chief Abiodun Adejo, Oyo State Coordinator.

The letter, addressed to President Muhammadu Buhari and entitled `SOS to the Federal Government on illegal entry of Crude Palm Oil (CPO) into Nigeria’, hinged the problem on illegal entry of CPO into Nigeria.

It complained about seamless corruption at the …

Minister allays fears over 2019 budget oil price benchmark

March 27, 2019 5:51 pm

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, on Wednesday in Abuja allayed fears over the oil price benchmark for the 2019 budget.

There have been concerns by stakeholders that the 60-dollars-per-barrel projection was too ambitious considering the volatility of the international crude market.

But Udoma told a National Assembly joint committee hearing on the 2019 Appropriation Bill that there was no cause of alarm.

“I know that when the budget was submitted, and we had an assumption of oil price of 60 dollars, there were concerns raised as to whether that projection was not too ambitious.…

TRENDING

Breaking

𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

follow on social media

Facebook Twitter Youtube Telegram Linkedin

subscribe to newsletter

© 2018 - 2020 Africa digital news, New York
Powered by

People and Polity