A recent report reveals that the cost of building materials in Nigeria has surged by over 100% in the past year, causing significant disruptions in the construction industry. This sharp rise in prices has posed major challenges for large-scale developers and homeowners alike. Several factors have contributed to this increase, including disruptions in the supply … Read more
The Nigerian Communications Commission (NCC) has retracted its previous statement threatening to sanction Elon Musk’s Starlink for raising its subscription fees without regulatory approval. Dr. Reuben Muoka, the Commission’s Director of Public Affairs, initially communicated this position but later clarified that his response was an “error.” In a follow-up message, he stated, “Please ignore my … Read more
The Nigerian Communications Commission (NCC) has announced its intention to sanction Elon Musk’s internet company, Starlink, for raising its subscription prices in Nigeria without the regulator’s approval. In response to inquiries from the publication, the NCC’s Director of Public Affairs, Dr. Reuben Muoka, confirmed that the Commission had not sanctioned Starlink’s price increase. Muoka stated … Read more
EKO HOT BLOG reports that the National Bureau of Statistics (NBS) has recently published a report indicating a notable increase in the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas Prices). According to the latest data update released by the government agency, the price of refilling cooking gas surged by … Read more
EKO HOT BLOG reports that the Nigerian Federal Government has begun efforts to address the challenges related to the supply and pricing of Liquefied Petroleum Gas (LPG), commonly used as cooking gas, following significant price increases. Louis Ibah, the spokesperson for the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, reported that the minister intervened … Read more