LAGOS AUGUST 17TH (NEWSRNAGERS)-Nigeria’s headline inflation rate fell to 15.43 percent in July 2026, down from 24.94 percent recorded in July 2025, according to the latest figures released by the National Bureau of Statistics. The latest data indicate a significant easing in year-on-year inflation over the 12-month period, reflecting a broader moderation in the rate…
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 AUGUST 16TH (NEWSRANGERS)-The rise in food and airline ticket prices in Nigeria over the past year continues to show up in the data. In July, Nigerians paid 19.64% more for goods and services than they did in the same month last year, according to the latest inflation report (pdf) from the National Bureau of…
LAGOS MAY 29TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has moved to enforce compensation to electricity consumers for the under-supply of power to their homes and businesses with effect from July. This follows several complaints by energy consumers that the Service-Based Tariff (SBT), which has led to a huge increase in electricity bills paid by…
LAGOS MAY 25TH (NEWSRANGERS)-The Senate has assured that it would pass the Constitution Alteration Bills before it proceeds on annual recess by July this year. This is even as it clarified that the ongoing amendment to the 1999 Constitution is not hampered by paucity of funds. Deputy President of the Senate and Chairman, Senate Committee…
LAGOS APRIL 27TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) says it will introduce another tariff review for the 11 distribution companies (DisCos) in the country. In a notice posted on its website on Monday, the NERC said the extraordinary tariff review is as a result of changes in inflation, foreign exchange, gas prices, available generation…
LAGOS JUNE 17TH (NEWSRANGERS)-The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 pandemic organised by the Senate Committee on Power. Mamman said COVID-19 pandemic…
