LAGOS JULY 9TH (NEWSRANGERS)-The Minister of Power, Adebayo Adelabu, has stated that the federal government is working on transitioning to a cost reflective tariff to stop an increase in the N4trn debt it owes the sector. The minister who spoke during the Mission 300 Stakeholders’ Engagement meeting in Abuja, said this is part of reforms…
LAGOS DECEMBER 28TH (NEWSRANGERS)-The Federal Capital Administration has introduced a curious five percent consumption tax in Abuja. This brings to 12.5 percent of consumption tax that consumers pay whenever they pick up items in restaurants, bars, clubs and hotels. Investigation revealed that restaurants, eateries, fast food joints are charging a 5 percent consumption tax on…
LAGOS MAY 1ST (NEWSRANGERS)-Travellers and commuters nationwide were stranded at bus stops and motor parks yesterday as the petrol scarcity in the country bites harder. This came as the Nigerian National Petroleum Company Limited, NNPC Ltd, and oil marketers said they were intensifying efforts to tackle the scarcity. Many filling stations without the product remained…
Figures obtained on Monday from the Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, showed that the national electricity grid actually crashed from a peak of 3,703 megawatts to as low as 9MW on Sunday. Nigeria witnessed widespread blackout on Sunday after the national grid collapsed around 6.49pm, before engineers…
LAGOS APRIL 27TH (NEWSRANGERS)-Ikeja Electric Plc (IE), an electricity distribution company in Lagos, says customers can get prepaid meters within 24 hours. In a statement, the company said the one-day metering initiative, which commenced on Tuesday at its Shomolu business unit for customers in Ilupeju, Oworo and Igbobi areas of Lagos state, is being done…
LAGOS MARCH 10TH (NEWSRANGERS)-Ramota Yusuf who just recently started living at her own house on Kampala Odo, off Kampala Street, Olambe, Ogun State, is one of the residents in the community that have been lamenting about the huge money they spend monthly on electricity consumption Like most people in her situation, she believes that she…
LAGOS JANUARY 5TH (NEWSRANGERS)-The Federal Government has imposed a N10 per liter excise duty tax on all non-alcoholic, carbonated and sweetened beverages. The excise duty tax is one of the amendments made in the Finance Act 2022 which was signed into law by President Muhammadu Buhari on December 31 last year. The Minister of Finance,…
LAGOS DECEMBER 1ST (NEWSRANGERS)-Electricity consumers in Port Harcourt have expressed regrets over the introduction of the prepaid meter system and called on the Port Harcourt Electricity and Distribution Company (PHEDC) to improve on the system or return them to analogue system. Some users who bared their minds on the issue accused PHEDC of short-changing people…