LAGOS SEPTEMBER 2ND (NEWSRANGERS)-The price of petrol has been increased to N151.56 per litre, according to Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation, NNPC. In a statement obtained by Economic Confidential, D.O Abalaka of the PPMC, stated: “Please be informed that a new product price adjustment has been…
LAGOS AUGUST 26TH (NEWSRANGERS)-President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI). However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands. Also, Buhari has approved a one-year waiver of 35 per cent import tax for…
LAGOS JUNE 30TH (NEWSRANGERS)-The Nigerian government has approved the resumption of domestic flight as soon as practicable inline with existing international and local guidelines on COVID-19. The Chairman of the Presidential Task Force (PTF) on COVID-19, Boss Mustapha, who made this known at its bi-weekly briefing on Monday, said Nigerians should expect a hike in…
LAGOS JUNE 26TH (NEWSRANGERS)-The Federal Airport Authority of Nigeria is to increase passengers service charges in domestic and international flight tickets by 100 per cent from August 1, 2020. It was gathered that the authority would increase the PSC on domestic flights from the current rate of N1,000 to N2,000. FAAN would also hike the…
LAGOS APRIL 14TH (NEWSRANGERS)-China has recorded it’s highest number of new coronavirus cases for five weeks – and medical authorities are saying that most of the cases originated abroad. According to China’s National Health Commission, 108 new coronavirus cases were registered on Sunday, the highest number since March 5, when 143 new infections were reported….
LAGOS MARCH 1TH (NEWSRANGERS)-More Nigerians have continued to raise the alarm over plans by Eko and Ikeja Electric distribution companies (DISCOs) to increase tariff by 33 percent, arguing that it will only inflict more pain on their injuries, as they were paying for services not rendered. Speaking during the two-day public hearing organised by the…
LAGOS JANUARY 6TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) on Sunday said no tariff increase was approved by the commission. It was reported that President Muhammadu Buhari-led Federal Government through the Nigerian Electricity Regulatory Commission, NERC, approved an increase in electricity tariff by the Electricity Distribution Companies, DisCos, in the country. The directive of the…
LAGOS JANUARY 6TH (NEWSANGRS)-ELECTRICITY tariff is going up across the country, and this is official. The 11 electricity distribution companies (DisCos) have the mandate of the Nigerian Electricity Regulatory Commission (NERC) to effect the tariff increase from April. These are: Abuja Electricity Distribution Company, Benin Electricity Distribution Company, Enugu Electricity Distribution Company, Eko Electricity Distribution…