Airline Operators of Nigeria (AON) have resolved to increase the cost of economy flight tickets to a minimum of N50, 000 nationwide, Saturday Sun has learned. At a meeting held in Lagos which had most of the domestic operators present, the association cited the high cost of jet A1 fuel,[Read More…]
Tag: increase
Coke, Fanta prices to increase as FG imposes N10/litre excise duty on carbonated drinks
The federal government has introduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages. Zainab Ahmed, minister of finance, budget and national planning, said this during the public presentation of the 2022 Appropriation Act on Wednesday in Abuja. According to her, the new policy introduced[Read More…]
Petrol price hits N212.61 per litre – PPPRA
Price of Premium Motor Spirit (PMS) otherwise called petrol has soared to N212.6 per litre, Petroleum Products Pricing Regulatory Agency (PPPRA) said in a new monthly template. The template published Thursday night shows that the retail price of petrol would sell between market band of N209.61 and N212.61. Marketers usually[Read More…]
FG Directs Reversal Of Electricity Tariff
The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a[Read More…]
Nigerian Government Raises Petrol Pump Price Again
This new development was contained in a memo released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
FG Stands out of July 1 Electricity Tariff Increase
Electricity Distribution Companies, DisCos, in the country have accused the Nigerian Electricity Regulatory Commission, NERC, of attempts to distance itself from the July 1 commencement of the new service-based electricity tariff regime. This allegation is contained in a statement released by their umbrella body, the Association of Nigerian Electricity Distributors,[Read More…]
Re- TARRIF INCREASE AND CAPPING METHODOLOGY.
We received the news of tarrif increase with utmost surprise and mix feelings. As much as we may not be unaware as to reasons adduced for the increase , we still believe that such increase ought not to take place at this economic trying period of Consumers. With notices seen[Read More…]
Electricity tariff to increase from tomorrow
Nigerians will from tomorrow, April 1, 2020, pay more for electricity, Consumers Assembly has learnt. The Nigerian Electricity Regulatory Commission had disclosed this in its December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020. Checks shows that the decision to increase tariff[Read More…]
New VAT will affect small businesses
A section of the Nigerian economy which will feel the impact of the recent increase in Value Added Tax from 5% to 7.5% is Micro Small and Medium Enterprises (MSMEs). President Muhammadu Buhari recently signed the Finance Bill which among other things, increased Value-Added Tax (VAT) from 5% to 7.5%[Read More…]
Open letter to the Vice Chancellor Nnamdi Aziikiwe University Awka
*”The white men came to Southern Nigeria with Bible in their left hand and a sword in their right hand, while they gave us the Bible, they invaded our homes, took the strongest amongst us as slaves, exchange them for a mirror and took our people to their country for[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…]