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    MarketForces Africa » MarketForces News » Diesel Price Stands at N1153 in January 2024 – NBS

    Diesel Price Stands at N1153 in January 2024 – NBS

    Julius AlagbeBy Julius AlagbeFebruary 21, 2024 News No Comments2 Mins Read
    Diesel Price Stands at N1153 in January 2024 – NBS
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    Diesel Price Stands at N1153 in January 2024 – NBS

    The National Bureau of Statistics (NBS) says the average retail price of a litre of diesel increased from N828.82 in January 2023 to N1153.01 in January 2024.

    NBS stated this in its Diesel Price Watch for January 2024 released in Abuja on Wednesday.

    The report said that the January 2024 price of N1153.01 per litre amounted to a 39.11 per cent increase over the N828.82 paid in January 2023.

    “On a month-on-month basis, the price increased by 2.34 per cent from the N1126.69 per litre recorded in December 2023,” it added.

    On state profile analysis, the report said the highest average price of diesel in January 2024 was recorded in Kebbi at N1433.33 per litre, followed by Kogi at N1300 and Abuja at N1226.70.

    It stated that the lowest price was recorded in Borno at N927.27 per litre, followed by Kano at N940.89 and Taraba at N988.33.

    “In addition, the analysis by zones showed that the North-Central had the highest price of N1205.11 per litre, while the North-East recorded the lowest price at N1074.03.’’ #Diesel Price Stands at N1153 in January 2024 – NBS

    Market Demand for Treasury, OMO Bills Drag Yields Lower

    NBS
    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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