Tag: Price increase

Price Hikes: ‘Fear God as Ramadan draws near’ – Sultan urges traders

Aminu Imam

The Sultan of Sokoto, His Eminence, Muhammad Abubakar III, has asked traders not to increase prices of foodstuffs as Muslims’ month of fasting approaches. The Sultan, who is also the President-General of Nigerian Supreme Council for Islamic Affairs, made the call yesterday in Bauchi, at the close of a week-long 2022 National Qur’an Recitation Competition hosted by the Bauchi State government, in collaboration with Usman Dan Fodio University, Sokoto. The Sultan said, “I use this medium to call on all market people who sell things to be fearful of what…

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Lagos bakers increase price of bread by 30%, as Nigerians lament

Aminu Imam

After weeks of warning, Lagos bakeries have finally raised the price of bread, Nigerians’ favorite staple, by 30 percent. The Association of Master Bakers and Caterers of Nigeria, (AMBCN), had in May warned Nigerians of price change due to the increase in production cost. The association also cited the increase in prices of sugar, butter, yeast and flour, and other baking materials. According to reports, some bakers have already effected the change. One of the bakers, who conspicuously displayed a notice sign announcing the pricing adjustments, told newsmen that his…

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