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Tag: increase

Maize, paddy rice prices to increase in 2024 - AFEX
Business

Maize, paddy rice prices to increase in 2024 – AFEX

AFEX forecasts that maize and paddy rice prices in Nigeria will climb by 25% and 40%, respectively, this year. The forecast was included in the report, which was released on Wednesday in Lagos. Maize prices fluctuated substantially in 2023, peaking at N550,000/mt in Q3 and closing at N480,000/mt. AFEX also predicted that key export commodities […]

Chery Automobile sales increase by 52.6%
Business

Chery Automobile sales increase by 52.6%

Chery Automobile says it sold 1,881,316 automobiles in 2023, a 52.6 per cent increase over the previous year. The PUNCH reported that this was announced in a statement by Chery Automobile’s official national partner in Nigeria, Carloha. The Chinese automaker reported that around 937,148 automobiles were exported, indicating a 101.1 per cent rise over the […]

UK urges Nigeria to boost internet access for digital growth
Telecommunications

FG to increase internet speed in Ogun, Edo, others 

Nigeria plans to undertake a broadband development and adoption effort in Edo, Ogun, Kwara, Katsina, Imo, Abia, Borno, and Nasarawa in the first quarter of 2024. The PUNCH reported that the National Broadband Alliance for Nigeria program was created by the Ministry of Communications, Innovation, and Digital Economy to address the country’s low-fiber infrastructure rollout. The minister’s office, Dr. […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

No plans to increase fuel price – NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

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