Fuel marketers have provided an explanation for the delay in the reduction of petrol prices in Nigeria, despite official announcements by both Dangote Petroleum Refinery and the Nigerian National Petroleum Company (NNPC). In a move aimed at easing the burden on Nigerians ahead of the holiday season, Dangote Petroleum Refinery had announced a price reduction … Read more
Dangote Industries Limited President, Aliko Dangote, has applauded President Bola Tinubu’s naira for crude swap deal, citing its positive impact on Nigeria’s economy and the subsequent reduction in petrol prices. Eko Hot Blog reports that im a statement released on Saturday, Dangote announced a partnership with MRS Petrol station, which will see petrol sold at … Read more
Despite the recent reduction in the ex-depot price of Premium Motor Spirit (PMS) to ₦899.50 per litre by Dangote Petroleum Refinery, motorists and consumers have yet to see a reduction in pump prices as many petrol stations in Lagos and across the country maintain their rates. EDITOR’S PICKS Sanwo-Olu Donates N75M to Support Legionnaires and … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has directed traders across the country to reduce the prices of goods. Tunji Bello, the Executive Vice Chairman of the FCCPC, issued the directive on Thursday, granting traders a one-month grace period to comply. EDITOR’S PICKS Police Arrest Man For Allegedly Killing Neighbour’s 4-Year-Old Daughter Misinformation Grinds … Read more
Eko Hot Blog reports that the management of BUA Cement has fulfilled it’s earlier promise to reduce the price of it’s cement product to an ex-factory price of N3,500 per bag. This was contained in a press statement issued by the company on Sunday. The statement reads: “As per the commitment made to reduce prices … Read more
Eko Hot Blog reports that BUA Cement Plc Chairman, Rabiu The Chairman of BUA Cement Plc, Abdul Samad Rabiu has said that the company is going to reduce the price of its product by January next year. Rabiu, who disclosed this Thursday while fielding questions from journalists in Abuja, said the decision is part of … Read more