LAGOS AUGUST 4TH (NEWSRANGERS)-Petrol pump prices in Nigeria are likely to increase for the third time since subsidy removal as Platt benchmark price for petroleum products reached a staggering $979.75 per metric ton (MT) at the close of Wednesday’s trading session. Additionally, the Argus benchmark price trading platform reported prices of $960.86/MT and $1,010.86, including…
LAGOS JULY 29TH (NEWSRANGERS)-The University of Jos has announced the increase of school fees from the current N45,000 to N213,000 an increment of over 300 percent. According to new school fees chat signed by the Registrar of the university, the N213,000 fee is for 100 and 200 level students while the 300 level students…
LAGOS JULY 14TH (NEWSRANGERS) Prime Minister Rishi Sunak has announced that the fees and health surcharge paid by visa applicants, including Indians, towards the UK’s National Health Service (NHS), which is funded by the state, will significantly rise. This increase aims to meet the country’s public sector wage increase. Sunak confirmed a hike of 5…
LAGOS JUNE 26TH (NEWSRANGERS)-The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 per cent increase in the exchange rate used for calculating import duty. The NCS on Saturday raised the exchange rate used for the calculation of import duty from…
LAGOS JUNE 19TH (NEWSRANGERS)-Nigerians have been reacting to report of 40 percent increase in electricity tariff in the coming days, a development which may eventually end all forms of energy subsidy in the country, according to The Guardian. With a monthly subsidy of about N50 billion still in the electricity sector owing to revenue shortfall,…
LAGOS JUNE 19TH (NEWSRANGERS)-Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 per cent in the coming days, a development which may eventually end all forms of energy subsidy in the country. With a monthly subsidy of about N50 billion still in the electricity sector…
LAGOS JUNE 2ND (NEWSRANGERS)-Drivers attached to cab-hailing apps, under the aegis of the Amalgamated Union of App-Based Transport Workers of Nigeria, have cab-hailing firms to review taxi fares in light of the recent removal of fuel subsidy and the attendant ripple effect. The group urged App-Based Transport firms, such as Uber, Bolt, Lagride, Indriver among…
LAGOS JANUARY 19TH (NEWSRANGERS)-The Federal Government has quietly approved ₦185 as the new petrol pump price per litre. A source told The Guardian that the approved pump price was communicated to major marketers in a memo early Thursday. Our correspondent gathered that fuel stations in Lagos have started adjusting their pump price to the approved…