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Xmas: Prices Of Foodstuff Stable In Warri

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Head of Service, Barr. Samuel LongJohn (left) in a handshake with a retiree after the presentation of refrigerator at a sendforth party for retired staff of his office.

Head of Service, Barr. Samuel LongJohn (left) in a handshake with a retiree after the presentation of refrigerator at a sendforth party for retired staff of his office.

Few days to Christmas, the
price of rice, vegetable oil and spices have remained stable in Warri, Delta, a survey conducted by The Tide has shown.
The survey showed that though the price of these food items was stable in major markets in the commercial city that of onions, tomatoes and pepper witnessed marginal increase.
In Ogbe-Ijoh Market, a 50kg bag of rice cost between N8,000 and N10, 000, depending on the brand.
A rice dealer, Mrs Joy Harrison, said a 50kg bag of Mama Gold rice was still sold for N10, 200 while the same quantity of Royal Umbrella rice remained N10, 000.
Harrison added that a 50kg bag of Ade rice cost N8,000 while Mama Africa and Stallion brands sold for N8,700 per 50kg bag. The dealer, however, decried low patronage.
‘’Customers are not coming, people are not buying as if we are not in a festive season; this is because there is no money in circulation,’’ she said.
In Dugbaleh Market in Udu, the prices of various brands of rice were the same, but transaction was low.
Mrs Augusta Osayande, a dealer on vegetable oil in the market, said four litres of Favour vegetable oil sold for N1, 000 while the same quantity of Ginos sold for N1, 500.
Osayande told newsmen that the same quantity of Kings, Turkey and UAC Power brands of vegetable oil was also sold for N1,500.
She told the survey that the price of these food items did not change despite the fact that Christmas was around the corner.
Mr Dafe Ideh, the Chairman, Onion Sellers Association in Igbudu Market, told newsmen that there was slight increase in the price of the commodity.
He said that a bag of onions cost between N33,000 and N35,000, as against the previous price of N30,000.
He said that the cost of transporting a bag of onion from the northern part of the country to Warri had risen from N1,400 to N2,200.
Ideh attributed the increase to the security challenges in the North-East which, he said, had affected the production of onions.
‘’Most of the people cultivating onions in the north have been displaced while some even lost their lives to the Boko Haram insurgency,’’ he said.
A tomato seller in the market, Mr Tanko Zakari, said the price of a basket of tomatoes ranged between N4,500 to N7,000, depending on the size. Zakari told newsmen that the cost of a basket of the commodity cost between N3,000 and N4,000.
He said a bag of pepper cost between N6,000 and N8,000 as against N5,000 and N6,000 in 2013, depending on type.
He also attributed the increase in the price of tomato to the insecurity in the North-East and cost of transportation.
“A lot of farmers are afraid to cultivate tomatoes because of the insecurity and the outcome of the 2015 elections.
‘’I tell you tomatoes will be expensive next year because there is less cultivation this year.
‘’My customers also complained that there is no money in circulation and that has led to the low patronage we are experiencing,’’ he said.
Zakari urged government to find a lasting solution to the lingering security challenges in the country.
Mrs Margaret Maxwell, a tomato retailer, said sales were low as some of her customers complained of delay in payment of December salary.

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Withdrawal, Deposit Fees Changes From May 1, 2026 Still Stands – CBN … Declares 5 Banking Services Free

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The Central Bank of Nigeria (CBN) has said that the announced changes in fees attached to several everyday banking services, scheduled to take effect on May 1, 2026 has commenced.
The changes are contained in the apex bank’s revised Guide to Charges by Banks and Other Financial Institutions, which outlines consumer-focused reforms designed to improve transparency and reduce the burden of banking fees nationwide.
According to the document, which was signed by Dr. Rita Sike, the CBN’s Director of the Financial Policy and Regulation Department, the new changes affect account reactivation, ATM withdrawals on own bank networks, and virtual card issuance.
Following the changes made by  CBN, the five key banking services affected by the CBN’s update are in account reactivation and closure, under which banks are no longer allowed to charge customers for reactivating dormant accounts, while account closure also remains free.
The second change is that banks will now be required to provide monthly statement of account to their customers at no cost, and also ensure better access to financial information.
However, requests for printed statements outside the agreed standard format attract a maximum fee of N20 per page.
Thirdly, the CBN has introduced small inter-bank electronic transfers to promote digital payments and micro-transactions.
The implication is that, henceforth, transfers from N0 to N5,000 are free, transfers between N5,000 and N50,000 will attract a maximum fee of N10, while transfers above N50,000 are capped at N50.
The fourth change in the CBN update is in the use of own bank’s ATM (On-Us Transactions).
Here, withdrawals made from your bank’s ATM (on-us transactions) are free. Non-cash transactions, such as intra-bank transfers carried out at these ATMs, also attract no charges.
The fifth change is in virtual cards and PIN management in which banks are now required to issue virtual cards at no cost. In addition, PIN-related services, including PIN re-issuance and resets, are free for all customers.
The document further said the new charges guide, which aims to boost financial inclusion and reduce banking costs, updates the 2020 version to better align with current market realities, particularly the growing reliance on digital payments and mobile banking.
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Binani Air Commences Flight Operations May 10 in Nigeria

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Binani Air has announced the commencement of sales tickets on Monday, describing the development as a milestone that will improve the aviation sector and create jobs for the people in Nigeria, as head of its scheduled inaugural flight operations starts May 10, 2026,
In a statement issued by the head of corporate communications of the new airline, the move marks a significant milestone in the aviation sector.
She said this announces the transition from vision to operation as the airline moves closer to welcoming its first passengers on board.
Quoting the Chief Executive Officer of Binani Air, Aminatu Dahiru Chiroma, the Corporate communications officer said,”the commencement of ticket sales represents more than just access to flights. It reflects the airline’s readiness to deliver a new standard of air travel in Nigeria.
“Opening our ticket sales is a defining moment for us. It is the point at which our commitment becomes real for the travelling public. From this moment, we are not just preparing to fly—we are preparing to serve.
“Built on the principles of reliability, safety, and respect for passengers’ time, Binani Air enters the market with a clear focus on consistency and operational discipline.
“The airline is committed to delivering a travel experience that is both seamless and reassuring, particularly in a sector where trust remains critical.
“Passengers can expect a streamlined booking process, responsive customer engagement, and a service culture designed to prioritize comfort and professionalism from the very first interaction”.
Chiroma said as anticipation builds towards the inaugural flight, Binani Air invites travellers, corporate partners, and stakeholders to be part of this defining journey, one that seeks to reshape expectations and restore confidence in Nigerian aviation.
She said “bookings are available via the airline’s official website (www.binaniair.com) and authorised travel partners from 12 noon of 4th of May 2026.”
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DANGOTE Debunks Claims Of Rift With Tony

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The Dangote Group has dismissed as false and malicious publication alleging that its President, Aliko Dangote, distanced himself from fellow businessman Tony Elumelu.
In a statement issued by the company, the Group said it never made such claims and described the report as baseless and a deliberate misrepresentation of facts.
The statement was signed by the Group Chief Branding and Communications Officer of Dangote Industries Limited Anthony Chiejina.
The company also refuted assertions that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.
It maintained that such claims are entirely inaccurate, stressing that Dangote does not fund projects through informal personal lending arrangements.
Addressing speculation about a fallout between Dangote and Elumelu, the Group clarified that both men maintain a longstanding and cordial relationship.
The statement further expressed concern over what it described as a growing trend of fabricated statements and the unauthorised use of Dangote’s name, image, and likeness in AI-generated advertisements and misleading content, warning that such actions could amount to fraud and reputational damage.
The company warned individuals and platforms involved in spreading false information to desist immediately, noting that it would take appropriate legal action where necessary.
The Dangote Group reiterated its commitment to maintaining high standards of integrity while continuing to promote industrialisation, economic self-sufficiency, and sustainable development across Africa.
Nkpemenyie Mcdominic, Lagos
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