Nigeria’s consumer price index (CPI), which measures inflation or the rate of change in prices of goods and services, increased to 21.91 percent in February 2023,...
Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation as fuel demand weakens. Brent crude...
Demand for Liquefied Natural Gas (LPG) has dropped to a record low across the country. The President of the Nigerian Gas Association, Ed Ubong, said during...
Nigeria’s inflation rate rose at a faster pace to 16.82% in April 2022, underpinned by the hike in the prices of energy and food prices. April...
The House of Representatives has resolved to investigate the rise in the cost of diesel and gas to cushion the effects on Nigerians. This was a...
The OPEC+ cartel of major oil producers at their monthly meeting on Wednesday is likely to be powerless to control prices, which have soared above $100...
High energy prices forced the eurozone’s annual inflation rates to their highest level last month, the Eurostat agency said on Friday. Officials and economists expect the...
The average price for filling a five-kilogram (5 kg) bottle of liquefied petroleum gas, also known as cooking gas, rose to N2,627.94 in October, from N2,397.60...
Nigeria’s inflation rate slowed down for the fourth consecutive month in July amid a decelerating increase in food prices, latest data from the National Bureau of...
Nigeria pumped 1.48 million barrels of crude oil in June, witnessing a significant drop in production compared to previous months, the latest S&P Global Platts survey...
