The National Bureau of Statistics (NBS) has said prices of food have continued to rise on a month-on-month basis, as its reports show a steady increase in prices in the month of June, 2021.
The Federal Government has assured of its commitment to the implementation of the Extractive Industries Transparency Initiative (EITI) in the oil, gas, and mining industries of Nigeria.
Mr Olamilekan Adegbite, the Minister of Mines and Steel Development
Considering the success of the N200 million fund disbursement to artisanal miners, the Ministry of Mines and Steel Development may expand the programme to benefit more small scale miners.
Mr Olamilekan Adegbite, the Minister of Mines and Steel Development, says Ajaokuta Steel Company Ltd. will function to capacity before the end of President Muhammadu Buhari’s administration.
The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have decided to adjust upwards their overall production by 0.4 million barrels per day (mbd).
The National Bureau of Statistics (NBS) says the average price per litre paid by consumers for National Household Kerosene increased to N370.29 in June from N363.50 in May.
Nigeria’s inflation rate fell for the third consecutive month in June to 17.75 per cent from 17.93 per cent recorded in May, amid an accelerating increase in food prices, the National Bureau of Statistics said.
The Vice President, Prof. Yemi Osinbajo, has called for a review of the Nigerian Ports Authority (NPA) dues on the Premium Motor Spirit (PMS) also known as petrol to reduce pressure on the price of the product in the country.
Mr Yunana Malo, Director, Energy Department, Bureau of Public Enterprises (BPE) says there is no plan to privatise the Transmission Company of Nigeria (TCN).