LAGOS FEBRUARY 22ND (NEWSRANGERS)-The House of Representatives has asked the Council of Legal Education to suspend the increment in fees of the Nigerian Law School from N290,000 To N475,000. The lawmakers, through a motion presented by four members on Wednesday, stated that the country’s inflation rate is currently at 27.33% and is expected to grow…
LAGOS FEBRUARY 21ST (NEWSRANGERS)-Less than five days after the Central Bank of Nigeria (CBN) reduced exchange rate for Customs cargo clearance from N1,515.48 to N1,472.756, the apex regulatory bank, on Wednesday, increased the rate to N1,605.82 per dollar representing nine per cent increment. But, the presidential candidate of the Labour Party (LP) in the 2023…
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 JANAURY 3RD (NEWSRANGERS)-The Nigerian National Petroleum Company (NNPC) Limited has reacted to a media report alleging fresh plans to increase the price of petrol to N1,200 per litre. Politics Nigeria reports that social media platforms, on Wednesday, have been awash with rumours of a new increase in the price of fuel across the country. Reacting…
LAGOS OCTOBER 24TH (NEWSRANGERS)-Marketers of cooking gas under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers exposed the plans by some operators of gas terminals in Nigeria and some sets of cabals running the business, to increase the price of 12kg of gas to N25,000. The marketers also revealed that the high…
LAGOS SEPTEMBER 6TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the prices of prepaid electricity meters. NERC made the announcement on Tuesday in a circular marked NERC/2023/020, and jointly signed by Sanusi Garba, the commission’s chairman and Dafe Akpeneye, its commissioner, legal, licencing, and compliance. The commission said a single-phase meter…
LAGOS AUGUST 15TH (NEWSRANGERS)-The presidency has officially declared that there will be no increase in petroleum product prices at the present moment. A Twitter post from the Nigerian Television Authority read: “The presidency says there is no increase in petroleum product prices at this time as the President is convinced based on the information before…
LAGOS AUGUST 11TH (NEWSRANGERS)-The pump price of the Premium Motor Spirit (PMS) may yet increase to about N750 per litre, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has hinted. This is even as the association urged the government to initiate policies that would save the naira from further depreciation. The association’s national spokesperson, Mr….