Inflation measures the rate at which the prices of goods and services increase over a period of time. The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis; the According to the August CPI/inflation report released by the National[Read More…]
Tag: hike
NLC Tells FG to Rescind 6% Stamp Duty on Tenancy Agreement
The Nigeria Labour Congress has opposed the six per cent stamp duty fee for every tenancy and leases agreement stipulated by the Federal Inland Revenue Service. It described the new tax as a financial burden on poor Nigerians at a time they were facing socio-economic pressure arising from the COVID-19[Read More…]
EDOSCO reject increment in electricity tariff
Members of Edo Civil Society Organisations were fully present at the stakeholder’s meeting held in Benin today on the proposed increment in electricity tariff by the Benin Electricity Distribution Company. EDOCSO position was that, the proposed electricity tariff increment should be jettisoned as the power company have failed in discharging[Read More…]
Electricity tariff hike: Katsina consumers reject proposed increment
Electricity consumers in Katsina State have rejected the proposed increment in electricity tariff by the Kano Electricity Distribution Company (KEDCO), citing lack of stable electricity supply as reason The consumers made their position known on Thursday in Katsina during a Public Consultation on the Extra Ordinary Tariff Review of the[Read More…]
VAT raise:DisCos hike cost of pre-paid meters
Less than two weeks after the Federal Government began the implementation of the 7.5 per cent Value Added Tax (VAT), the cost of pre-paid meters and other service charges have gone up, it was learnt at the weekend. It was gathered that many of the electricity distribution companies (DisCos) have[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]