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 OCTOBER 25TH (NEWSRANGERS)-The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going IMF/World bank…
LAGOS OCTOBER 13TH (NEWSRANGERS)-The presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi described the recent hike in the price of petrol products as “unfortunate and insensitive”. Obi made this known in a statement he titled “Reversing the Sudden Fuel Price Increase”, on his X.com account, on Saturday. PUNCH Online…
LAGOS SEPTEMBER 10TH (NEWSRANGERS)-Disturbed by the sharp increase in petrol prices, car owners are abandoning their vehicles to purchase motorcycles and tricycles for private transport. A cross-section of Kano residents, who spoke to Sunday Vanguard, lamented that they could no longer cope with the continued rise in petrol prices, hence their decision to seek alternative…
LAGOS MAY 21ST (NEWSRANGERS)-In what seems to have become a monthly ritual, the Nigerian Breweries Plc has once again announced a hike in the prices of its products that would take effect from April 9, 2024, after it had made similar announcements in February and March 2024. A price review notification the Nigerian Breweries issued…
LAGOS FEBRUARY 14TH (NEWSRANGERS)-Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February 12, 2024, the price review, effective Monday, February 19, 2024, is deemed necessary to offset the impact of increased production expenses. “This is to inform you that…
LAGOS DECEMBER 17TH (NEWSRANGERS)-Since December 1, the jingle bell has been ringing to remind many that it is festive season and time to, instead of celebrating, spend unnecessarily due to the arbitrary hikes in the prices of almost everything. As the bell rings daily to announce the season, so also prices of things increase daily…
LAGOS SEPTEMBER 11TH (NEWSRANGERS)-The increase in tuition fees by schools as a new session begins has thrown many parents into a nightmare. The hike in fees is coming at a time when disposable incomes of families are shrinking occasioned by the removal of petrol subsidies which has spiral effects on prices of goods and services…