Connect with us

    Latest Report

    Major Cities suffer petrol price hike in Nigeria

    Published

    on

    For weeks, businesses and motorists in major cities in Nigeria have continued to groan under the high cost and scarcity of Premium Motor Spirit, well known as Petrol.

    The increased cost of the essential commodity has left pedestrians and travelers with no choice but to pay more for transportation within and outside their cities.

    A survey of the price watch in Awka, Anambra state capital, shows that the product sells for between 240 and 250 naira per litre. In neighboring Asaba, Delta State capital, it is sold at 235 to 300 naira per litre.

    In Benin City, it goes for about 230 naira per litre, while in Uyo, Akwa Ibom capital, it is sold for 240 to 250 naira per litre. The oil-rich city of Port Harcourt, Rivers State capital sees the product sold for between 230 to 250 naira. In Abuja, the nation’s capital, motorists buy a liter of petrol for 179 to 180 naira and in Lagos, while major petrol stations dispense for between 169 and 170 naira, others sell for 200 naira per litre.

    See also  How Bob Marley inspired me – Wizkid

    These are against the approved pump price of 175 naira per litre.

    Advertisement

    As of October 2022, consumers paid N195.29 for a litre of Premium Motor Spirit.

    National Bureau of Statistics, NBS, in its “Premium Motor Spirit (Petrol) Price Watch” for October 2022 noted that the average price was a 17.93 per cent increase over the N165.60 paid in October 2021.

    “Likewise, comparing the average price value with the previous month of September 2022, the average retail price increased by 1.90 per cent from N191.65.”

    On a zone-by-zone basis, the North-West recorded the highest average retail price of petrol in October  at N198.28, while the South-West recorded the lowest at N192.42.

    Analysis of states profile showed that Kebbi State paid the highest average retail price for petrol at N211.00, followed by Kano at N210.14 and Gombe at N210.00.

    Advertisement
    See also  Mesothelioma Cancer Alliance Scholarship

    On the flip side, the report indicated that consumers in Sokoto State paid the lowest average retail price for petrol at N185.00, followed by Taraba at N185.42 and Abia at N186.56.

    But why is this happening in an oil-rich country like Nigeria?

    It is no more news that not one of Nigeria’s four refineries are working.

    In September this year, a glimpse of hope appeared when the Minister of State for Petroleum Resources, Timipre Sylva, promised that the rehabilitation work on the 60,000 barrels per day capacity Port Harcourt Refinery would be completed for it to resume full production by December, 2022.

    Sylva said the rehabilitation of the four refineries was on course and would be completed as scheduled.

    Advertisement
    See also  Ending HIV amid condom shortage in Kenya

    But for now, oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria, IPMAN, have warned Nigerians to expect to buy petrol at ‘any price’, as they’ve been forced to buy at N205 from third parties.

    IPMAN’s National Controller Operations, IPMAN, Mike Osatuyi, added that the marketers also have to factor in the N13 transportation to the cost of petrol before selling.

    Osatuyi accused the Nigerian National Petroleum Company Limited of refusing to give its members products.

    “NNPC refuses to give us fuel. We buy from third parties and can sell at any price because if the landing cost to our stations is N218 per litre, how much do you expect us to sell? So the public should expect fuel at any price, depending on the area,” he said.

    Advertisement
    Continue Reading
    Advertisement
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Africa

    Three Best Electrical Wires and Cables in Nigeria 2024

    Published

    on

    Cables come in different materials, casing, and sizes to accommodate different electrical loads and different conditions in which they’ll be used. While they can be made of aluminium or other materials, most electrical wires are copper.

    Safety is the most important factor to consider when choosing an electrical cable. Because cables are the primary carrier of electricity in your home, you need to make sure every aspect of safety is taken into account. Electric wires are designed to withstand constant electrical current, which means they won’t cause a fire in the event of an accident/short circuit.

    Power cables and wires are one of the most common causes of electrical failure. People often overlook the importance of this material. A good power cable must perform better in the event of electrical failure, overload or sudden electrical spikes. It should also be fire-retardant in the event of any danger.  We have put together the best 4 electrical wires in Nigeria for 2024.

    See also  Car Insurance Fuquay Varina nc

    Nigeria is home to a wide variety of wire and cable brands, most of which are produced in the country. We have compiled a list of the best wire and cable brands to help you find the right one for your needs.

    1. Zobis Cables & Wires is a leading brand of electrical cables. It specializes in the development and deployment of advanced house-wiring and industrial cables to meet the needs of energy and industrial companies. Their range of technologies and solutions are revolutionizing the way the industry operates today and into the future. They guarantee safety through quality and technology, and their cables are designed to withstand extreme conditions.

    Advertisement
    See also  Uganda and Zimbabwe launch first satellites into space

    ZOBIS ELECTRICAL WIRES AND CABLES. PROUDLY MADE IN NIGERIA! | Facebook

    2. Cutix wires and cables represent a pinnacle in electrical engineering, tailored for both advanced house-wiring and industrial applications. They cater to energy and industrial sectors seeking heightened efficiency, reliability, and safety in their operations. With a versatile range of technologies and solutions, Cutix is reshaping the industry landscape, guaranteeing safety through top-notch quality and innovative technology. Designed to thrive in harsh conditions, these cables epitomize durability and resilience.

    See also  VIOLENCE AGAINST WOMEN: Changing the narrative

    3. Coleman wires and cables stand out as the premier choice for electricity distribution across Nigeria. At Coleman Wires and Cables, we prioritize excellence in manufacturing, dedicated to producing wires and cables that consistently surpass our customers’ needs. Our commitment extends to aligning with key stakeholders and adhering to ISO 9001:2015 standards, ensuring our products consistently deliver the highest quality possible.

     

    Continue Reading

    Entertainment

    10 things you should know about Sisi Quadri

    Published

    on

    1. The late Quadri Oyebamiji was well-known as Sisi Quadri in Yoruba films.
    2. He was born December 26, 1979, in Iwo, Osun State, Nigeria.
    3. He attended primary and high school in Ore, Ondo State.




    4. Before becoming a celebrity in the entertainment industry, Quadri was a Muslim, a skilled makeup artist, and a fashion designer.
    5. He began acting in 2002 with the film ‘Koto Aye,’ directed by the late Alhaji Ajileye.
    6. Sisi Quadri, who was well-known for his humorous personality and consistently played roles recognized for their keen wit and mocking.
    7. In addition to performing, he worked as an entertainer and comedian.




    8. He appeared in several Yoruba films and even invested in a tailoring company. Quadri was also sought after as a Master of Ceremony (MC) at parties.
    9. Sisi Quadri’s personal life revolved around his family.
    10. He was married with four children: three sons and one daughter.



    See also  Ending HIV amid condom shortage in Kenya
    Continue Reading

    Business

    Boosting Business Productivity and Profitability with Advanced CRM Software Development

    Published

    on

    In today’s competitive business landscape, organizations strive to enhance their productivity and profitability through the efficient utilization of cutting-edge technology. One such transformative tool is Customer Relationship Management (CRM) software. By investing in advanced CRM software development, businesses can streamline their operations, improve collaboration, and ultimately boost productivity and profitability.

    Streamlined Communication and Collaboration

    One of the key benefits of advanced CRM systems is the facilitation of seamless communication and collaboration within an organization. By centralizing customer data, communication history, and transaction details, teams can access real-time information, reducing the need for multiple touchpoints. This fosters efficient collaboration, ensuring that everyone is on the same page and working towards common goals. With improved communication and collaboration, productivity is enhanced, leading to increased profitability.

    Enhanced Customer Insights




    Understanding customer needs and preferences is essential for delivering personalized experiences and building long-lasting relationships. Advanced CRM software goes beyond basic data storage, offering sophisticated analytics tools. By harnessing data analytics, businesses can gain valuable insights into customer behavior, enabling targeted marketing strategies and personalized engagement. This deep understanding of customers not only enhances satisfaction but also increases the likelihood of repeat business, driving overall profitability.

    Automation for Efficiency

    Automation is a cornerstone of advanced CRM systems. By automating routine tasks such as data entry, lead nurturing, and follow-ups, businesses can significantly reduce manual effort and minimize human error. This not only frees up valuable time for employees but also ensures that critical processes are executed consistently. Improved efficiency translates directly to increased productivity and, consequently, higher profitability.

    See also  Sokolove Mesothelioma | Sokolove Law Lawyers

    Seamless Integration with Other Tools

    An advanced CRM system seamlessly integrates with other business tools and applications, creating a unified ecosystem. Whether it’s integrating with marketing automation platforms, e-commerce systems, or project management tools, a well-developed CRM system ensures a smooth flow of information across all departments. This integration eliminates data silos, enhances overall business efficiency, and allows for better collaboration between teams.

    Advertisement

    Real-Time Analytics for Informed Decision-Making

    Timely and informed decision-making is crucial for business success. Advanced CRM software provides real-time analytics and reporting, allowing stakeholders to make data-driven decisions. Whether it’s identifying sales trends, assessing marketing campaign performance, or tracking customer satisfaction metrics, having access to up-to-date information empowers businesses to adapt quickly and stay ahead of the competition. Informed decision-making based on real-time analytics leads to increased productivity and profitability. Find more here

    Customization for Specific Business Needs

    Every business has unique requirements and processes. Advanced CRM software development allows for customization to meet specific business needs. Whether it’s creating custom workflows, adding industry-specific features, or integrating with existing systems, a tailored CRM solution ensures that the software aligns perfectly with the organization’s goals and processes. Customization maximizes productivity by providing a solution that is specifically designed to address the challenges and requirements of the business.

    Mobile Access for Remote Productivity

    In today’s mobile-centric world, remote work has become increasingly prevalent. Advanced CRM software development includes mobile access, allowing employees to access critical information and perform tasks on the go. Whether it’s updating customer details, reviewing sales pipelines, or responding to leads, mobile access to CRM systems ensures that productivity is not hindered by physical location. This flexibility enables businesses to maintain productivity and profitability, even in remote work environments.

    See also  Mesothelioma Cancer Alliance Scholarship

    Training and Support for Optimal Utilization

    To fully leverage the benefits of advanced CRM software, organizations should invest in training and support for their employees. Proper training ensures that employees understand the features and functionalities of the CRM system, enabling them to utilize it to its full potential. Ongoing support and guidance from CRM experts can help businesses overcome any challenges and optimize their usage of the software. By providing the necessary training and support, organizations can maximize productivity and profitability.

    Data Security and Privacy Measures




    With the increasing importance of data protection and privacy, advanced CRM software development prioritizes robust security measures. CRM systems employ encryption, access controls, and regular backups to safeguard customer data and sensitive business information. Compliance with data protection regulations, such as GDPR or CCPA, demonstrates a commitment to data security and builds trust with customers. By ensuring the security and privacy of data, businesses can focus on productivity and profitability without compromising sensitive information.

    Advertisement

    Scalability for Future Growth

    As businesses grow, their needs and requirements evolve. Advanced CRM software is designed to scale alongside the organization, accommodating increased data volume and user demand. Scalability allows businesses to continue utilizing their CRM system efficiently, even as customer bases expand and operations become more complex. By investing in a scalable CRM solution, organizations can ensure long-term productivity and profitability, without the need for a complete system overhaul.

    See also  Floods affecting manufacturing sector – Festus Mbisiogu

    Integration with AI and Automation Technologies

    The integration of AI and automation technologies with advanced CRM software opens up new possibilities for productivity and profitability. AI-powered chatbots can handle customer inquiries, freeing up human resources to focus on more complex tasks. Automated workflows and predictive analytics can identify patterns and opportunities, optimizing sales and marketing efforts. By harnessing the power of AI and automation, businesses can achieve higher levels of productivity and profitability.

    Conclusion




    In conclusion, investing in advanced CRM software development is a strategic move for optimizing business processes, improving collaboration, and ultimately boosting productivity and profitability. With streamlined communication, enhanced customer insights, automation, seamless integration with other tools, real-time analytics, customization, mobile access, training and support, data security measures, scalability, and integration with AI and automation technologies, businesses can unlock new levels of efficiency and profitability. Embracing the power of advanced CRM solutions allows organizations to thrive in today’s dynamic and competitive market, achieving sustained growth and success.

    Remember, the success of CRM software lies in its implementation and utilization, so choose a reputable CRM software provider that understands your business needs and offers comprehensive support throughout your CRM journey.

    Advertisement
    Continue Reading

    Trending

      Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.