By JOANNA ILUSANMI NLC Mobilises for Nationwide Strike as Talks on Wages, Petrol Prices Stall THE Nigeria Labour Congress (NLC) has directed its affiliate unions, state councils and civil society allies to begin mobilising for possible nationwide industrial action following the failure of talks with the Federal Government to resolve outstanding workers’ demands. The meeting, […]
By NINI NDUONOFIT-AKOH NIGERIA’S struggle with high transport fares is unfolding against a wider global energy crisis. As international oil prices rise, governments in Africa, Asia and Europe have introduced different measures to protect consumers from the impact. While some have temporarily cut taxes, others have subsidised fuel, supported public transport or invested in alternative […]
By NINI NDUONOFIT-AKOH NIGERIAN households are facing another round of pressure as rising energy costs increasingly stretch family budgets. The latest increase in cooking gas prices has come on top of higher transportation costs following the recent rise in petrol prices. In Lagos, Liquefied Petroleum Gas (LPG) was reported at about ₦1,600 per kilogramme at […]
By FIDELUS ZWANSON Oil Above $100: Nigeria’s Hard-Won Inflation Gains Face a New Threat NIGERIA’S battle against inflation had begun to show signs of progress. After months of elevated prices and intense pressure on households and businesses, headline inflation finally began to moderate. Month-on-month inflation also recorded successive declines. But that fragile improvement now faces […]
By ESTHER McWILLIS-IKHIDE Fuel Shock Returns: How Rising Petrol & Diesel Prices Could Deepen Nigeria’s Cost-of-Living Crisis Another Fuel Increase NIGERIANS are facing another potential wave of economic pressure as petrol and diesel prices rise amid stronger crude oil prices, higher freight costs and mounting distribution expenses. The latest increase came from the Dangote Petroleum […]
By AMOS ESHIOFUNEH JOSHUA Refinery Expectations Meet Market Realities PUBLIC frustration over petrol prices has increasingly focused on the Dangote Refinery, widely seen as a transformational project expected to reduce Nigeria’s dependence on imported fuel and ease domestic pump prices. However, recent discussions around crude supply allocations and rising global oil prices suggest the pricing debate […]