Found 152 results for “cost”
On September 15, 2026, the Nigerian naira was valued at ₦1,326.30 against the dollar in the official market, while the parallel market saw rates ranging from ₦1,385 to ₦1,410. This ongoing disparity highlights the complexities of dollar access and demand in Nigeria's foreign exchange landscape.
In a bid to tackle Nigeria's alarming maternal mortality rates, the Federal Government has initiated a new program aimed at pregnant women in 172 Local Government Areas across 33 states. This initiative, part of the Maternal and Neonatal Mortality Reduction Innovation Initiative, seeks to improve antenatal care and delivery services in high-burden communities.
The manufacturing sector in Nigeria grapples with unprecedented inventory levels, reaching approximately N1.77 trillion, as operational costs continue to rise. Leading firms like Dangote Cement and UACN are notably affected, raising alarms about the sustainability of business practices amidst growing financial pressures.
As schools resume, parents are confronted with steep increases in tuition fees, with many private institutions raising charges by up to 40%. The surge in educational costs comes amid rising fuel prices, prompting concerns over the financial burden on families and the sustainability of school transport services.
As schools across Nigeria reopen, parents are grappling with significant fee increases of up to 40%, exacerbated by rising fuel prices and economic pressures. With many families in public schools also facing new levies, the financial strain on education is becoming increasingly evident.
In a significant economic shift, BRICS countries have agreed to facilitate trade using local currencies, a strategy aimed at reducing transaction costs and promoting bilateral trade. This move marks a pivotal step in reshaping international trade dynamics among member nations.
Filling stations across Abuja have raised petrol prices as a direct response to a recent increase in the gantry price set by Dangote Petroleum Refinery. The adjustment marks a significant shift in fuel costs for consumers, with prices now averaging N1,350 per litre.
The recent announcement of a 6.7% increase in petrol and diesel prices by Dangote Petroleum Refinery is set to exacerbate economic challenges for Nigerians. As crude oil prices continue to climb, consumers can expect a ripple effect on living costs across the country.
Governor Dapo Abiodun of Ogun State has announced that Gateway Air is prepared to support the airlift of Hajj pilgrims, particularly from neighboring states. This initiative aims to enhance the private-sector-driven arrangements for the annual pilgrimage, benefiting pilgrims from Oyo, Osun, Ondo, and Ekiti states.
Former Vice-President Atiku Abubakar has unveiled his plan to reinstate fuel subsidies aimed at supporting local refining and reducing petrol prices, offering a fresh approach to Nigeria's cost-of-living crisis. He emphasizes the need for a 'production subsidy' to benefit domestic refineries and ultimately lower transportation and energy costs for consumers.
The Ogun State government has clarified that an applicant for a 4.646-hectare land parcel failed to meet the payment deadline, losing the opportunity to acquire the property. The land, assessed at over N334 million, was intended for development along a major expressway.
In a landmark move, the Nigerian Communications Commission (NCC) has launched a zero-rated education scheme aimed at providing five million students with unrestricted access to educational resources. The initiative allows beneficiaries to access approved educational websites and digital libraries without any data charges, promoting inclusivity in learning.
As Nigeria's government celebrates a re-basing of its Gross Domestic Product to N372.8 trillion, experts warn that the figures do not translate to tangible benefits for citizens. The Minister of State for Industry highlights the urgent need for stronger industrial capacity to match the statistical growth.
As international crude oil prices surpass $100 per barrel, Nigerian marketers are preparing for price hikes on petroleum products, sparking calls for government intervention to cushion the impact on consumers. Experts warn of rising costs in diesel, transport, and freight services, amid concerns about the broader economic implications.
In a strategic move to foster development, Katsina State has proposed a budget of ₦828.6 billion for 2027, with a significant focus on capital expenditure. The budget, termed 'Building Your Future IV', allocates ₦637.91 billion for capital projects and ₦190.73 billion for recurrent expenses.
