The fire on Tuesday in Shell’s Gbaran facility in Bayelsa may raise the price of Liquefied Natural Gas in Nigeria.

This comes against the backdrop of the surge in the country’s price of Liquefied Petroleum gas.

On Tuesday, explosions and sightings of smoke erupted at Shell’s Gbaran facility.

Meanwhile, Adamawa (33.61 per cent), Bauchi (33.85 per cent) and Nasarawa (34.03 per cent), recorded the slowest rise in food inflation.

However, on a Month-to-Month basis, Lagos, Edo, and Yobe are the states in Nigeria with the highest food prices.

Accordingly, Lagos (4.74 per cent), Edo (4.06 per cent), and Yobe (3.99 per cent) recorded the slowest rise in Food inflation.

This development comes as April’s headline and food inflation surged to 33.69 per cent and 40.53 per cent, respectively.