Business
“Egg Prices Could Soar to N10,000 per Crate” – Poultry Farmers Warn
The Poultry Association of Nigeria (PAN) has issued a warning that the price of eggs may skyrocket to N10,000 per crate if immediate action is not taken to support the poultry industry.
Currently, a crate of eggs sells for around N5,500, but rising production costs and lack of government intervention could lead to a steep hike.
According to PAN, the primary reason for this potential increase is the escalating cost of feed, which accounts for a large portion of poultry farming expenses.
Farmers have been grappling with the rising prices of maize and soybean, key ingredients in poultry feed, alongside other operational challenges like insecurity, inflation, and poor access to credit.
These factors have made it increasingly difficult for farmers to maintain their operations, forcing some to reduce production or shut down entirely.
The association has called on the government to provide subsidies for feed and other farming inputs, as well as create policies that will help stabilize the market.
They stressed that without these urgent measures, egg prices will continue to rise, affecting not just farmers but also consumers, many of whom rely on eggs as a key source of affordable protein.
The situation has raised concerns about food security and the affordability of basic food items, with PAN urging the government to address the issue before the country faces even more severe shortages and price hikes.
The cost of refilling a 12.5kg cylinder of cooking gas in Nigeria went up slightly in May 2025, rising by 2.18% compared to the previous month. The average price now stands at N20,709.11, up from N20,268.06 recorded in April. This update was captured in the latest Liquefied Petroleum Gas (LPG) Price Watch report for May, released by the National Bureau of Statistics (NBS).
According to the report, Delta State topped the list with the highest refill price at N23,356.56, followed by Abia at N22,953.01, and Ebonyi at N22,943.30. On the other hand, residents in Yobe, Lagos, and Kebbi states paid the least, with refill prices of N18,500, N18,536, and N18,606.60, respectively.
When compared to the same period last year, gas prices have jumped significantly, rising by 32% from N15,627.40 recorded in May 2024 to the current average. The NBS is yet to release figures for June 2025.
Customers of Guaranty Trust Holding Company (GTCO) across Nigeria should brace for early branch closures on Monday, June 30, 2025, as the banking group kicks off its routine half-year audit.
In an official announcement shared on their verified X (formerly Twitter) page, GTCO informed customers that all their branches nationwide will stop attending to walk-in customers earlier than usual to allow for internal review processes.
The bank assured the public that this temporary adjustment is strictly for operational reasons tied to their mandatory half-year audit, a common practice among financial institutions to check financial records, processes, and compliance levels.
While in-person services will pause earlier that day, GTCO encouraged customers to make use of their digital banking platforms. Options such as internet banking, mobile apps, ATMs, and USSD codes, which will remain available 24/7 for essential banking transactions.
MRS filling stations, a key partner of Dangote Refinery, has announced a new petrol price hike, raising its pump prices across the country. In a price update shared on its official X page on Saturday, the company revealed that the new rates now range from N925 to N955 per litre, up from the previous N825 to N895 range.
This means petrol will now sell for N925 in Lagos, N935 in the South-west, N955 in the North-west and South-east, N945 in the North-central, and N955 in the North-east. For Lagos and Abuja, motorists will now pay N925 and N945 per litre at MRS stations, an increase from N875 and N895 respectively.
Meanwhile, NNPC retail stations have kept their pump prices unchanged at N875 in Lagos and N895 in Abuja as of Saturday evening. The nationwide increase comes amid rising global crude oil prices triggered by tensions in the Middle East, particularly the ongoing Israel-Iran conflict.
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