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The ‘tampon tax’ was the most high-profile campaign but now, with 20% on coronavirus kits, others are gaining pace

Nigerian manufacturers battling stunted growth blame forex scarcity The manufacturing sector has seen woeful growth in the last five years, and a key problem is businesses can't find the dollars to import raw materials. 7 min read Defying the intensity of the afternoon sun, Kazeem Ariyo walked briskly out of the premises of his bakery with palpable anger. He had just been informed that one of his retail vendors rejected hundreds of loaves of bread supply because the retail price offered was not “profitable”. Mr Ariyo, 45, is a baker operating from the Ajah axis of Lagos. I...

  This is coming for the second time in one year. The first price review was done last year in the wake of the COVID-19 pandemic, which disrupted economic activities. x     Though the development has been attributed to incessant increases in prices of baking materials, which has made it difficult for the bakers to break even, there are fears that the new development will further aggravate the hardship in the country, especially for lovers of bread.   According to reports, due to the skyrocketing price of foodstuffs, especially rice, yam, beans, garri an...

By Zubairu Idris Kano, June 25, 2021 The Association of Master Bakers and Caterers of Nigeria, Kano State Chapter, said it will increase price of bread, following an increase in the price of flour. The Secretary of the Association, Alhaji Kabiru Hassan, who made the announcement on Friday in Kano, said the decision was

The Association of Master Bakers and Caterers of Nigeria (AMBCN) has directed its members nationwide to increase the prices of bread, biscuits and other items by 30 per cent due to the devastating economic situation of the country. The association explained that the adjustment in price was as a result of the sudden increase in the cost of production as well as prices of sugar, butter, yeast and flour. The directive was part of the resolution reached at the end of the National Executive Council (NEC) meeting of the association in Abuja. National President of AMBCN, Mansur Umar, who read the r...