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NaijaCover's Posts

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FamilyRe: Finally This Is How Our Wife Wanted You To Be by NaijaCover(m): 8:56am On Nov 04, 2023
SIXTEENTH:
Feel free, it
Is Just Here And Following
TravelRe: Air Peace To Begin London Operations by NaijaCover(m): 8:55am On Nov 04, 2023
Cmanforall:
Good news? grin
Are you no longer into bad news ? undecided
We Cover Everything In Nigeria Via
CrimeRe: Two Arrested For Stealing Dangote Truck (Photo) by NaijaCover(m): 8:54am On Nov 04, 2023
OdefaGirl:
Mechie onu gi there. Come and turn Peter Obi to so that you can rest. Igbos don't tolerate apprehended robbers especially in the markets, so better warn your "stealing" kinsmen to get a job.
Is Here
TravelRe: Air Peace To Begin London Operations by NaijaCover(m): 7:28am On Nov 04, 2023
oluwaseunamos33:
Good. Can I book for tickets in advance?
Why Not?

Is Always Available To Help You
TravelRe: Air Peace To Begin London Operations by NaijaCover(m): 5:53am On Nov 04, 2023
CoronaVirusPro:
Long overdue!

With the amount of Nigerians in UK presently, it is mandatory!
See More Good News @ www.. com
FamilyRe: Finally This Is How Our Wife Wanted You To Be by NaijaCover(m): 4:34am On Nov 04, 2023
SIXTEENTH:
If you cheat on her before marriage then expect the brutality finally once after walking her down the isle.

Remembered that alpha male who's wife decided to take her own pound of his flesh at the in UK airport immediately he take the children on visitation to see her.

Gentle men be a cooperate cheat and remember don't get caught because if you loose grip then this image below shall decide your fate

Happy Sabbath y'all


Nlfpmod
Seunmsg
Mynd44
Lalasticala
Is Here
TravelRe: Trailer Crushes 8 To Death Including Students In Abuja by NaijaCover(m): 9:44pm On Nov 03, 2023
BOSSkesh:
May sad news not visit us this year
Amen
A BIG AMEN, My Dear Brother

Dey Follow To Say The Good Prayer
PoliticsRe: Manufacturers Groan As Diesel Price Hits N1,300/litre by NaijaCover(op): 9:30pm On Nov 03, 2023
Truths9ja:
Chaiiii the economy is unbearable
Nigeria Is Really Hard, My Brother
PoliticsRe: Manufacturers Groan As Diesel Price Hits N1,300/litre by NaijaCover(op): 9:07pm On Nov 03, 2023
Hezzyluv:
cry
Are You Crying Deeply?
PoliticsRe: Manufacturers Groan As Diesel Price Hits N1,300/litre by NaijaCover(op): 8:55pm On Nov 03, 2023
Theweekend:
Hmm bad news
See More Sad News @ www.. com
PoliticsRe: Manufacturers Groan As Diesel Price Hits N1,300/litre by NaijaCover(op): 8:51pm On Nov 03, 2023
Na Only God Almighty, Will Surly Help Us Out

Don't Forget, Bring This UPDATE
PoliticsManufacturers Groan As Diesel Price Hits N1,300/litre by NaijaCover(op): 8:51pm On Nov 03, 2023
Manufacturers have expressed concerns as the price of diesel has risen to N1,275 per litre in Lagos and above N1,300 outside the state, Daily Trust can report.

The product is selling for N1, 270 per litre in Kano State and above that outside the metropolis.

This implies a 26 percent increase in the price of the product in less than one week. It had sold for N1,030 on October 23.

As of Thursday, many filling stations in Lagos adjusted their price to between N1,250 and N1,270.

Manufacturers, who said they are still battling with forex crisis, high interest rate and poor power supply, fear that the hike in the price of diesel might compound their challenges as diesel is used to power their factories.

The situation is amidst the rising inflation which peaked to 26.7 percent in October with many families and households facing a worsening cost of living crisis.

Stakeholders say the hike in the price of diesel portends greater danger for the masses who are bearing the brunt of high inflation.

A bakery owner, Ibrahim Nagode, said: The price keeps increasing on a daily basis. You can buy it in the morning for a certain price and in the evening, you are told that the price has changed.”

We were planning to buy diesel yesterday and we have planned our budget on the rate we bought it the last time only to be told that the price is now N1,275,” said another source.

There are fears the pump price of diesel outside the Kano metropolis has reached N1, 400 per litre.

Commenting on the situation, the Chief Executive Officer of Golden Rice Mill, Ilya Nazifi, said inasmuch as logistics and power are affected, the cost of production and prices of finished goods would definitely go up.

A transporter in Lagos, Wada Jamilu, said with the increase in the price of the product, a trailer would consume diesel worth N1.5m to travel from Kano to Lagos and come back.

He said owners of trailers would have to increase their transportation fares.

An oil marketer, Abdulrasheed Olapade, noted that diesel had for long been deregulated and that its price is determined by the international market.

“As I am talking to you, it is more than N1,275 at the terminal price and when you have to add transportation cost, it would be more than that. Since it has been deregulated, it is dictated by the world market more so the dollar has also gone up. We are in hot soup with the current price of a dollar.”

A member of the National Association of Road Transport Owners (NARTO), Inuwa Abdullahi, said the high cost of diesel is hitting the association hard.

He said, “When you look at the cost of diesels coupled with the multiple check points by state actors and non-state actors and the bad roads and the high cost of spare parts, a trip that a truck is supposed to go for about N500,000 would be around N2m now.

“At the end of the day, you will end up with nothing to take home as a driver. We are just there struggling as the diesel continues to go up.”

Factories May Shut Down

The president of the Premium Bread Makers Association of Nigeria, Emmanuel Onuorah, said the hike in the price of diesel might force factories to shut down.

“The price has increased since Monday. For us as bakers, the implication of that we keep increasing our prices. As long as everything keeps increasing, we would keep adding money to our product so that we can recover costs.

“You can’t do anything again. Flour today is about N43,000. Every day, they would put N5000; N10,000 on one line item. Manufacturers will shut down, industries will shut down.

“As I am talking to you, I am sitting in my factory. Everybody will close up. Anybody who cannot do it again will pack up and leave. It is tough. The crisis is coming,” he stated.

A professor of Entrepreneurship Development and Lagos State chairman of the National Association of Small and Medium Enterprises, Adams Adebayo, warned that the rising cost of diesel portends a serious danger for the economy.

He said, “The economy is in a serious shamble. It has never been this bad in the last 20 years. This is the worst that has ever happened. If diesel price has gone up, it has really affected everybody.

“What we are going to do now is that all the manufacturers would shut down. Except the government decides to subsidize the power and direct the electricity distribution companies to supply to the manufacturers at a rate being controlled by the government, there would be problems.

“The diesel price can go to N3,000, it doesn’t matter as long as the government’s energy is stable, we don’t need to buy diesel except those who are using it for logistics which would be affected.

“Before this administration came in on May 29, the diesel was sold for N670. Between June and today, 1st of November, diesel is N1,256. The small businesses are not finding it easy.

“The government needs to rise up to the task, set up a board to control all these essential commodities like fuel, diesel and gas because the gas too would be increased and households would not be able to use it again,” he said.
Source: https://dailytrust.com/manufacturers-groan-as-diesel-price-hits-n1300-litre/

PoliticsRe: Speculators Lose Big As Naira Rallies Across Markets, Trades Below N900/$1 At P2 by NaijaCover(m): 8:48pm On Nov 03, 2023
Theweekend:
abi no be lie
Blogging Business, Is Girlfriend
PoliticsRe: Speculators Lose Big As Naira Rallies Across Markets, Trades Below N900/$1 At P2 by NaijaCover(m): 8:45pm On Nov 03, 2023
Theweekend:
bring more bad news to dem
Don't Forget, Na Where, Dey Work, Na There, Him Dey See Him Own Food CHOP
PoliticsRe: Speculators Lose Big As Naira Rallies Across Markets, Trades Below N900/$1 At P2 by NaijaCover(m): 8:25pm On Nov 03, 2023
Theweekend:
see more bad news . com
What Do You Really Want To Do?
PoliticsRe: Speculators Lose Big As Naira Rallies Across Markets, Trades Below N900/$1 At P2 by NaijaCover(m): 8:23pm On Nov 03, 2023
Theweekend:
see more bad news . com
You Don Mean Am?
PoliticsRe: Ganduje Left Over ₦500bn Debt - Kano Government by NaijaCover(m): 7:20pm On Nov 03, 2023
Hmmmmm
TV/MoviesRe: DSTV Hikes Subscription Fees For Second Time In 2023 by NaijaCover(op): 6:53pm On Nov 03, 2023
GanagiBitrus:
This is what you get when there are little or no viable alternatives to DSTV/GoTV.
See More Photos @ www.. com
TV/MoviesRe: DSTV Hikes Subscription Fees For Second Time In 2023 by NaijaCover(op): 6:33pm On Nov 03, 2023
See Wetin Too Many Hardship Dey Cause ooo

Don't Forget, Bring This UPDATE
TV/MoviesDSTV Hikes Subscription Fees For Second Time In 2023 by NaijaCover(op): 6:32pm On Nov 03, 2023
Many Nigerians are going to experience more financial pains as Multichoice, owners of DSTV Nigeria, has again hiked subscription fees by at least 16 per cent depending on the bouquet.

DAILY POST gathered that a price increment notice was sent by DSTV to subscribers on Friday.

According to DSTV, the new rate will be effective from Monday, 6th November 2023.

For instance, the DSTV compact or GOTV Supa+ subscription fee of 10,500 has increased to 12,500.

Also, the DSTV Premium increased to N29,500 from N24,500; Compact+ increased to N19,800 from N16,600; Confam increased to N7,400 from N6,200; while Yanga will henceforth cost N4,200, from N3,500.

For GOTV, Supa bouquet has increased to N7,600 from N6,400; Max subscription to N5,700 from N4,850; Jolli package now goes for N3,950 from N3,300 while Jinja was hiked to N2,700 from to N2,250.

This is the second time the company is announcing an upward price review this year.

In March, the Federal Competition and Consumer Protection Commission, FCCPC, threatened to take action over the price increment, but nothing came out of the threat.
Source: https://dailypost.ng/2023/11/03/more-pains-for-nigerians-as-dstv-hikes-subscription-fees-for-second-time-in-2023/

PoliticsRe: Labour Declares Nationwide Strike November 8 Over Assault On Ajaero by NaijaCover(m): 6:18pm On Nov 03, 2023
Nawa o
CrimeRe: Rev. Fr. Samson Emokhidi Is Missing In Abuja (Photos) by NaijaCover(m): 2:16pm On Nov 03, 2023
kestolove95:
I don't want to see any bad news
Kestolove95

Is Just Speechless
RomanceRe: Nigerian Man Stranded After His Wife Took Children & Abandoned Him In An Airport by NaijaCover(m): 2:08pm On Nov 03, 2023
Cha E
CrimeRe: CBN Lacks Power To Declare Crytocurrency Illegal - Federal High Court by NaijaCover(m): 1:56pm On Nov 03, 2023
Nawa o
CrimeRe: Bauchi Man Stabs Brother Dead Over Motorcycle (Photo) by NaijaCover(op): 1:25pm On Nov 03, 2023
Urheadmaster:
rest abeg angry

Several bad news on daily basis no dey tire you sad
Na Where, Dey Work, Na Only There, Him Dey See Him Own Food Take Chop

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