Most of the Nigerians are already complaining about the recent news of fuel hike.Despite being an Oil producing country, Nigeria seems to fail the citizens with an affordable diesel price.
The government must mull over the outcry of the masses in any decision they will make tomorrow.The inflation on commodities in the country is over 16 percent after the government increase it to N162 per litre last year.
The traders in the Bodija International Market, Ibadan, has expressed their worries over the scarcity of foods in the market, which was brought about by the blockage of foods from the North to the South.
Nigerians woke up to the news making the rounds about increase in the pump price of Premium Motor Spirit, PMS, popularly known as petrol.
According to a report by Vanguard Newspaper on the 15th of February 2021, that petroleum industry stakeholders will soon come up with a new fuel pump price, and it is alleged that the new price will be set at between N190-N200 per liter. It was gathered that the stakeholder claim that the land price of PMS (Fuel) is now between N151-N180 per liter, and this is as a result of the increase in price in Crude oil in the world market. Word has it that the crude oil prices have increased from $58 per barrel to $63
"There is no governance in government in Nigeria. We export cocoa, only import chocolate"-Dino Maleye
President Muhammadu Buhari's administration has received a lot of criticism for ineptitude and its failure to meet the needs of its citizens, though the president and his cabals are doing all they can in curtailing some looming issues and in also making sure that a progressive economy is forstalled, yet
It is no news that the Amalgamated union of Foodstuffs and Cattle Dealers of Nigeria (AUFCDN) have blocked foodstuff supply to the South from the Northern part of Nigeria.
When we talk about mini importation, we talk about an advanced form of a small scale business, in which you can import goods from China (or other countries) to Nigeria.
Petrol is one the most useful thing in Nigeria, as almost everyone makes use of it every day in one or the other, it's gotten from Crude oil and Nigeria is one of the exporters of crude oil yet the price of petrol is high in Nigeria. The Petroleum Pricing Regulation
As the Nigerian Amalgamated Union of Foodstuff and Cattle Dealers continues their strike by halting the movement of goods from the north to the south, some traders have begun to complain that the situation is negatively impacting their business.
Nigeria has witnessed a fluctuation in the price of crude oil per barrel in recent years, and now there has been a little increase in the price of a barrel of oil.
Many traders failed as a result of the lack of adequate knowledge of oil trading; crude oil trading offers excellent opportunities to profit in nearly all market conditions due to its unique standing within the world’s economic and political systems.
The Organisation of Petroleum Exporting Countries (OPEC) last Thursday's meeting held which some of the members resisted the pressure to increase the production of Petroleum.
It is a big achievement and huge success for Okonjo Iweala and Nigeria at large as Okonjo becomes the first woman and first African to become the director general of World Trade Organisation. She has received congratulatory messages from families and well meaning Nigerians on her achievement. It could be recalled that Trump administration rejected the idea of Okonjo being WTO's Director General noting that she doesn't have any knowlege on trade and that she is someone from World Bank who does development. Gracefully,
Recall that brent Oil has surged this year after Saudi Arabia pledged to unilaterally cut 1 million barrels a day.Brent Oil jumped above $70 a barrel Wednesday with investment banks and traders predicting the market will tighten further and push prices higher.
The first store selling bonded goods imported via the China-Europe freight trains in east China’s Jiangxi province officially opens for business on Feb. 20.
A forklift moves commodities to be exported to Europe at a cross-border e-commerce bonded warehouse of Chengdu Railway Bonded Logistics Center, southwest China's Sichuan Province, Nov. 11, 2020.
Nigeria as well as the United States of America is one of the largest exporters of oil in the world.
Automated guided vehicles await containers at a full-automated terminal in Qingdao Port, east China's Shandong Province, Sept. 1, 2020.
A foreign container vessel is ready to be unloaded at a terminal of Ningbo Zhoushan Port, east China's Zhejiang province, Jan. 31, 2021.