Tag: Bakers

Prices of bread to increase by 15% July 24 – Bakers alert

Aminu Imam

Bakers under the Association of Master Bakers & Caterers of Nigeria (AMBCN), has announced that it will be increasing the prices of bread by 15% effective July 24. The association said that the decision was taken due to the “multifarious increases” in the prices of baking materials, including flour, sugar, yeast, vegetable oil, twist tie, petrol, diesel, and multiple taxations from federal and state agencies. According to the AMBCN, the recent increases in the cost of production have made it “impossible” for bakers to continue to operate at a profit.…

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Bread scarcity imminent, as bakers declare nationwide warning strike

Aminu Imam

The price of bread may rise significantly in the next few days as bakers, under the umbrella of Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, have concluded plans to embark on a 4-day warning strike beginning from today, Thursday. Addressing newsmen in Lokoja, the Kogi State capital, the association’s Chairman, Gabriel Adeniyi, stated that the decision to withdraw its services was taken following the myriads of challenges confronting the bakery and catering industry in the country, adding that all efforts…

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Bakeries shutting down operations

Aminu Imam

…Lament hike in diesel price, forex scarcity Bakers, under the aegis of the Premium Breadmakers Association of Nigeria, (PBAN) say the hike in diesel price and exchange rate volatility has caused many of its members across the country to shut down their business operations. In an interview with newsmen yesterday, the PBAN president, Emmanuel Onuorah, expressed concern that the challenges were affecting key sectors of the economy. According to him, “Things are not getting better. We are still where we are. Diesel price is still hovering between N650 and N700″.…

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