Average price per litre paid by consumers for National Household Kerosene increased by 87.12 year-on-year and 93.19 month-on-month to N433.84 in January 2017 from N231.85 in December 2016.
The transport fare watch report for January 2017 covers the following categories namely bus journey within the city per drop constant route bus journey intercity state route charge per person air fare charge for specified routes single journey journey by motorcycle okada per drop and water way passenger transport.
Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas Cooking Gas increased by 28.24 year-on-year and 39.39 month-on-month to N2 567.56 in January 2017 from N2 002.16 in December 2016.
Average price paid by consumers for automotive gas oil diesel increased by 22.56 year-on-year and 50.06 month-on-month to N240.52 in January 2017 from N196.20 in December 2016.
Average price paid by consumers for premium motor spirit petrol increased by 35.7 year-on-year and 1.35 month-on-month to N148.7 in January 2017 from N146.7 in December 2016.
The Consumer Price Index CPI which measures inflation increased by 18.72 percent year-on-year in January 2017 0.17 percentage points higher from the rate recorded in December 2016 18.55 percent. I
Registered products 2016 data revealed that 4 296 applications were received for new products registration 7 679 products were presented for registration approval 7 444 products were granted registration
The ship traffic statistics at Nigerian ports has reflected that a total number of 19 833 vessels berthed at the various ports between 2013 and 2016.
After a year of major political shocks with the Brexit vote and the election of President Trump it might seem brave to opine on economic prospects for 2017 let alone 2050.
Against analyst expectations January 2017 turned out to be a wet blanket. The purchasing managers index the proxy for manufacturing confidence contracted from 52 to 48.2. Inflation inched up instead of declining and the naira touched N500 .