Scarcity Archives — City Business News

May 8, 2024 No Responses

NNPCL Cautions Against Panic Buying

The Nigerian National Petroleum Company (NNPC) Limited has cautioned against panic buying, saying it has over 1.5 billion litres of Premium Motor Spirit (PMS), also known as petrol. A statement issued by the company’s Chief Corporate Communications Officer, Olufemi Soneye in Abuja...

March 28, 2024 No Responses

Dangote Donates 80,000 Bags Of 10kg Rice to Vulnerable Lagos Residents

The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, noted that the gesture is part of...

February 15, 2024 No Responses

Lagos Flags Off Distribution Of N750m To Market Traders

The Lagos State Governor, Mr. Babajide Sanwo-Olu has flagged off the distribution of N750 Million to 15,000 market traders as cash support with each beneficiary receiving N50,000 under the ‘Lagos Market Trader Money’, In his address on Wednesday, Sanwo...

December 25, 2023 No Responses

Tinubu Reiterates Commitment To Ease Burden On Most Vulnerable Nigerians

President Bola Tinubu has felicitated with Nigerians on the 2023 Christmas celebration, saying the season is a special time for all citizens. In a statement he personally signed on Sunday, the President enjoined Nigerians to remember the armed forces who...

August 28, 2023 No Responses

How To Ease Forex Scarcity, Boost Economy Through Alternative Fuel Regime, By Stakeholders

By Moses Ebosele, ebosele@hotmai.com — To successfully navigate fuel subsidy removal challenges, some stakeholders in the automobile, oil and gas sectors have called on Nigerians to take advantage of alternative fuel. They made the call at the 2023 ...

February 10, 2023 No Responses

CBN Attributes Scarcity Of New Naira Notes To Hoarding

Hoarding of the new Naira notes is responsible for its scarcity, the Central Bank of Nigeria (CBN) has said. The CBN Director, Consumer Protection, Mrs Rashidat Mongunu, said this on Thursday while monitoring microfinance banks in Offa, Offa L...

July 9, 2022 No Responses

18 Ships Discharge Petrol, Wheat, Frozen Fish, Others At Lagos Ports

The Nigerian Ports Authority (NPA) on Friday disclosed that 18 ships at the Lagos Ports were discharging petrol and other items. According to NPA, in its daily Shipping Position, the ships were discharging bulk wheat, general cargo, frozen fish, containe...

March 7, 2022 No Responses

Oil Price Soars To Highest Level In 14 Years

Oil prices have soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian supplies with its allies. Brent crude – the global oil benchmark – spiked to above $139 a barrel,...

February 16, 2022 No Responses

Fuel Scarcity Bites Harder Nationwide

Commuters in Abuja and other parts of the country have continued to experience hardship due to non-availability of Premium Motor Spirit (PMS), also known as petrol, for over a week. The News Agency of Nigeria (NAN) reports on Tuesday that...

February 10, 2022 No Responses

Petrol Queues Persist In Abuja

Motorists in Abuja on Wednesday continued to experience hardship in the purchase of Premium Motor Spirit (PMS), also known as petrol, for the fourth day running. The News Agency of Nigeria (NAN) reports that retail outlets around Maitama, Wuse, Gwarimpa,...

March 6, 2020 No Responses

Dealers Explain Scarcity Of Titus Fish

Dealers of frozen food items have attributed the ongoing scarcity of Titus fish also known as “mackerel” to pollution of European waters. The dealers, who made this known in separate interviews with the News Agency of Nigeria (NAN) in Lagos...