LAGOS AUGUST 25TH (NEWSRANGERS)-The Crude Oil Refiners Association of Nigeria has appealed to the Nigerian National Petroleum Company and the federal government to sell the Port Harcourt, Warri and Kaduna refineries. CORAN Publicity Secretary, Eche Idoko made this call in a recent statement. According to him, the $1.5 billion spent on the rehabilitation of Port…
LAGOS AUGUST 8TH (NEWSRANGERS)-The federal government has withdrawn the sale of subsidised 50 kilogramme bags of rice for N40,000 to public servants. No reason was given for the sudden change of action. The sale of the subsidised rice was announced on August 1 2024 through the Ministry of Special Duties and Inter-Governmental Affairs Human Resources…
LAGOS AUGUST 7TH (NEWSRANGERS)-Despite ongoing protests over the rising cost of living, the Nigerian government has ruled out reinstating fuel subsidy. Minister of Finance Wale Edun made the clarification during a recent interview on AIT. Edun said that fuel subsidy is not included in the 2024 national budget and cited economic progress as a reason…
LAGOS JULY 9TH (NEWSRNAGERS)-The House of Representatives has called for the suspension of the implementation of the Samoa Agreement, which was signed by the federal government on June 28. This decision follows the adoption of a motion of urgent public importance sponsored by Sani Madaki, the minority whip, and 87 other lawmakers. During the motion’s…
LAGOS JUNE 7TH (NEWSRANGERS)-The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. The report followed the presentation of the cost implications of implementing a new national minimum wage to…
LAGOS JUNE 7TH (NEWSRANGERS)-The Presidency has disowned the two leaked policies in circulation insinuating that the Federal Government may have returned to the payment of fuel subsidy and be considering fiscal measures to battle food inflation in the country. In a release signed by Bayo Onanuga, Special Adviser to the President on Information and Strategy,…
LAGOS JUNE 5TH (NEWSRANGERS)-The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, has said the proposed plan to increase the Value Added tax rate from 7.5 per cent to 10 per cent will be implemented in phases. This was as he revealed that empirical data had confirmed that less than 10…
LAGOS APRIL 6TH (NEWSRANGERS)-The President Bola Tinubu administration has hinted on another increase in electricity tariffs across the country. This comes barely 48-hours after the Nigerian Electricity Regulatory Commission (NERC) approved increase of electricity tariff for customers under Band A. The Minister of Power, Adebayo Adelabu, disclosed this during a press briefing in Abuja on…