The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves…
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Prices of major foodstuffs in South-West markets increase by 100 percent
Prices of some major foodstuffs have gone up by 100 per cent in South – West markets, with stakeholders expressing concern over the relentless increment, a survey has shown. Stakeholders in the zone have also called on government to urgently address the situation before things get out of hand. Most of the respondents who spoke attributed the astronomical increase in the prices of foodstuffs to effects of the COVID-19 pandemic. Others however, attributed the trend to increase in transport fares, caused by the recent increase in petrol price and the…
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