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Cooking gas price rises by 4.19% in Sept, kerosene surges by 5.97% – NBS

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Cooking gas price rises by 419 in Sept kerosene surges

The report said the September price represented a 4.19% increase, compared to what was obtained in August.

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from ₦6,430.02 recorded in August to ₦6,699.63 in September 2024.

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for September 2024 released on Friday in Abuja. The report said the September price represented a 4.19% increase, compared to what was obtained in August. The NBS said the average price of 5kg of cooking gas increased on a year-on-year basis by 59.90% from ₦4,189.96 in September 2023 to ₦6,699.63 in September 2024.

On state profile analysis, the report showed that Rivers recorded the highest average price at ₦7,285.71, followed by Gombe at ₦7,271.88, and Borno at ₦7,089.72. It said on the other hand, Kebbi recorded the lowest price at ₦5,950.00, followed by Kano and Benue at ₦6,133.33 and ₦6,143.52, respectively.

Analysis according to the six zones, showed that the North-East recorded the highest average retail price at ₦6,929.02 for 5kg cooking gas, followed by the South-East at ₦6,893.47.

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“The North-West recorded the lowest average retail price at ₦6,382.30,” the NBS said.

Also, the NBS said the average retail price for refilling a 12.5kg cooking gas increased by 4.89% on a month-on-month basis from ₦15,552.56 in August 2024 to ₦16,313.43 in September.

The report said the average retail price for 12.5kg cooking gas rose by 76.41% on a year-on-year basis from ₦9,247.40 recorded in September 2023 to ₦16,313.43 in September 2024. State profile analysis showed that Rivers recorded the highest average retail price of ₦17,992.86 followed by Gombe at ₦17,942.86 and Zamfara at ₦17,475.00.

On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Adamawa at ₦13,983.33, followed by Nassarawa and Bauchi with ₦14,938.50 and ₦15,000.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price of ₦16,957.29, followed by the South-West at ₦16,665.45. The report said the North-East recorded the lowest price at ₦15,770.75.

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Similarly, the NBS said the average retail price per litre of kerosene increased to ₦1,957.44, in September 2024 on a month-on-month basis, showing an increase of 5.97%, compared to the ₦1,847.59 recorded on August 2024.

According to its National Kerosene Price Watch for September 2024 on a year-on-year basis, the average retail price per litre of kerosene rose by 50.68% from ₦1,299.03 in September 2023.

On state profile analysis, the report showed that Abuja recorded the highest average price at ₦2,816.67 per litre of kerosene in August, followed by Kaduna at ₦2,437.50 and Akwa Ibom at ₦2,411.11.

“On the other hand, the lowest price was recorded in Bayelsa at ₦1,416.67, followed by Borno at ₦1,477.83 and Ekiti at ₦1,635.00.”

The NBS said the analysis further showed that the North Central recorded the highest average retail price per litre of Kerosene at ₦2,194.05, followed by the North-West at ₦2,092.92. It said the southeast recorded the lowest average retail price per litre of kerosene at ₦1,718.89.

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The report said the average retail price per gallon of Kerosene paid by consumers in September 2024 was ₦6,818.1, indicating an increase of 5.84% increase from ₦6,441.94 recorded in August 2024.

“On a year-on-year basis, the average price per gallon of kerosene increased by 55.69% from ₦4,379.31 in September 2023.”

On state profile analysis, it showed that Katsina recorded the highest average retail price at ₦8,400 per gallon of kerosene, followed by Jigawa at ₦8,100.00 and Kebbi and Ogun at ₦8,000.00. The report said Nasarawa recorded the lowest price at ₦5,250.00, followed by Adamawa and Niger at ₦5,281.25 and ₦5,291.67, respectively.

Analysis by zone showed that the North-West recorded the highest average price per gallon of Kerosene at ₦7,809.52, followed by the South-East at ₦7,700.19.

“North-Central recorded the lowest average price per gallon of Kerosene at ₦6,092.77,” the NBS added.
#Cooking #gas #price #rises #Sept #kerosene #surges #NBS

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NNPC acquires 15% stake in a $7m CNG plant in Delta

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The Nigerian National Petroleum Company (NNPC) Limited through its subsidiary NNPC Gas Marketing Limited (NGML), has acquired a 15 percent

read more NNPC acquires 15% stake in a $7m CNG plant in Delta


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Best Cryptos To Buy Now: Why These Top 5 Coins Could Explode Amidst Meme Coin and Altcoin Super Cycles

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Some market observers anticipate that meme coin and altcoin super cycles could be on the horizon, prompting crypto enthusiasts and buyers to search for the best cryptos to buy now. Among the cryptocurrencies gaining traction ahead of these potential phenomena are Toncoin, Polkadot, MANTRA, B3 (Base), and the new altcoin JetBolt (JBOLT). 

While still in presale, the zero-gas altcoin JetBolt is receiving an overwhelming response from blockchain whales and crypto aficionados. It has sold more than 320 million tokens, a huge feat for this young crypto.

Can JetBolt and the rest of the featured coins sustain their current momentum? Let’s discover why these top 5 coins could explode amidst meme coin and altcoin super cycles. 

The Ultimate List of the Best Cryptos to Buy Now: 

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  1. JetBolt (JBOLT): Young altcoin with zero-gas tech and rapidly expanding presale.

  2. Toncoin (TON): Native token of “The Open Network.”

  3. Polkadot (DOT): Blockchain project that connects blockchains.

  4. MANTRA (OM): DeFi services ecosystem offering RWA tokenization. 

  5. B3 (Base) (B3): A Layer-3 solution on the Base chain. 

Best Cryptos To Buy Now: An Extensive Overview

1) JetBolt (JBOLT)

At its core, JetBolt is a young altcoin offering groundbreaking features. Its zero-gas technology enables crypto users to transact without paying for gas fees. JetBolt also boasts an intuitive crypto-staking platform that allows stakers to earn rewards when they simultaneously stake their tokens and interact with friends. 

Additionally, JetBolt offers an AI-powered crypto insights tool that showcases crypto news and stories arranged according to bearish or bullish market sentiment. 

With the JetBolt presale underway, early buyers can get exclusive perks, such as extra tokens when they purchase Alpha Boxes or JBOLT tokens in batches. JetBolt has already sold over 320 million tokens since its launch.

2) Toncoin (TON)

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Toncoin is the native token of “The Open Network” (TON), a decentralized blockchain platform. It is utilized for transaction fee payments, powers the network’s operations, and serves as a governance token. 

3) Polkadot (DOT)

Polkadot is a blockchain project that connects blockchains, enabling data to be sent seamlessly across various blockchain networks. DOT is the network’s native token, used for staking and governance. 

Chart of Polkadot’s price movement over the past 24 hours shows DOT trading at $5.15 based on CoinMarketCap data

4) MANTRA (OM)

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MANTRA is a decentralized finance (DeFi) services ecosystem built on the Rio Chain. MANTRA offers financial services such as real-world asset (RWA) tokenization that adhere to regulatory compliance. Holders use OM tokens to partake in decision-making processes inside the ecosystem. 

5) B3 (Base) (B3)

B3 is a Layer-3 solution on the Base chain created for seamless blockchain gaming for developers and players. According to Logan Hitchcock’s article on Decrypt, B3 has more than 80 games and has attracted 6 million players since 2024. 

Best Cryptos to Buy Now: Key Takeaways

In this extensive overview, we discovered why Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are seen as strong contenders for the best cryptos to buy now. JetBolt is a captivating altcoin to explore, thanks to its suite of cutting-edge features and its ongoing presale. 

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While each cryptocurrency is innovative in its own way, it’s impossible to predict whether any of these coins could explode in the potential meme coin and altcoin super cycles because of market volatility. 

For more details about JetBolt’s features and ongoing presale, visit the official JetBolt website today.

FAQs: 

What are the top 5 crypto coins?

Here are the top 5 coins that are gaining popularity amidst the potential meme coin and altcoin supercycles: 

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  • Toncoin 

  • Polkadot

  • JetBolt 

  • MANTRA 

  • B3 (Base)

What crypto is best to buy now?

Based on emerging crypto industry trends and other market developments, Toncoin, Polkadot, JetBolt, MANTRA, and B3 (Base) are some of the best cryptos to buy now. Each demonstrates qualities that make them appealing to crypto buyers. 

This written piece does not offer any financial advice. All cryptocurrencies carry significant risks and are subject to the crypto market’s volatility. Thus, due diligence and extensive research are essential before acquiring a crypto asset.

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NNPC dismisses viral claim that its fuel burns faster

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Public dissatisfaction grows over NNPC fuel pricing and transparency concerns — Survey

The Nigerian National Petroleum Company (NNPC) Limited has dismissed allegations circulating in a viral video that its fuel burns faster

read more NNPC dismisses viral claim that its fuel burns faster


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