Browsing Tag

prices

Nigerien citizens face soaring prices as Ramadan begins


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As the holy month of Ramadan commences for Muslims in Niger, citizens are grappling with skyrocketing prices, making it increasingly difficult to afford essential items. The transition of power has left the country's economy in turmoil,…

Red Sea ships diversions boost bunker demand, prices in Africa


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The re-routing of a growing number of ships around Africa to avoid potential attacks in the Red Sea is altering refueling patterns and boosting demand for bunker fuel at far-flung ports, from the Mauritius to South Africa to the Canary…

Petroleum Pump Price Hits N560 in Kano State


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Prices of Premium Motor Spirit, PMS, popularly called petrol has hit N560 in Kano state north Western Nigeria. This follows the official announcement of the end of fuel subsidy payment by the newly sworn in president of Nigeria,…

Nairobi Young demonstrators protest over high prices


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A group of Kenyan protestors led by comedian Eric Omondi blocked Nairobi’s Parliament Road. They protested against the high cost of living. Chanting slogans, they held placards written ‘high cost of electricity and cooking oil' among…

Senegal: fuel, electricity prices increase


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The Senegalese government has announced a rise in fuel and electricity prices. The cost of diesel and petrol will increase by 100 CFA francs. As for electricity, the increase will be applied in instalments and will not affect users…

Ethiopian fuel prices hike


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Fuel prices in Ethiopia rose by about 20% (September 29), less than three months after a previous 30-40% hike, as part of the phasing out of government subsidies for petroleum products. Faced with soaring crude oil prices this year,…

Somalia: Food prices choke amid drought


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Three decades of armed conflict, plus climate change, plus rising fuel prices is a crushing burden for Somalis. The ripple effect of the conflict in Ukraine pushing fuel prices up is breaking the local market. Abdinur Ali, 33, runs a…

Easter: Prices of goods and services soar


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Prices of goods especially food and vegetables have soared as Nigerians mark Easter celebration. In major cities across the country, perishable goods and transport services have reached a new high occassioned by increased demand due to…