Imported car prices set to soar as Customs, agents war over 15% levy
For some weeks now, Nigeria’s maritime industry has been riddled with controversy following the introduction of the 15 per cent National Automotive Council levy by the Nigeria Customs Service. This…
How petrol pump price rose by 91 per cent in six years – Report
The cost of fuel pump increased from N87 per litre as of December 2015 to N165.77 by December 2021, showing an increase of 90.54 per cent. This is according to…
Abuja hotel room rates rise ahead of APC, PDP primaries
Many major hotels in the Abuja metropolis are fully booked while others had hiked their prices ahead of the presidential primaries of the All Progressives Congress and the Peoples Democratic…
Avert airlines’ operations shutdown, Reps caucus tells Buhari
The Minority Caucus in the House of Representatives has called on the President, Major General Muhammadu Buhari (retd.), to take immediate steps to avert an imminent shutdown of flight operations…
Call, SMS cost hike not possible now —NCC
The Nigerian Communications Commission has said there would be no tariff increase for calls and short messaging services by the telecommunication companies without cost-based and empirical studies and regulatory approval.…
Airlines to suspend operations Monday, aviation fuel hits N700 per litre
Airline operators in the country, on Friday, declared that they would halt operations from Monday following the jump in the price of aviation fuel, popularly called JetA1, from N190/litre to…
Nigeria may lose out as China, India eye Russian oil
Nigeria may lose its largest crude oil buyers, China and India, as both countries plan to negotiate Russian oil at discount prices. India is said to be asking Russia for…
Rising crude oil prices will worsen inflation, IMF warns
The International Monetary Fund has said rising oil prices may lead to high inflation and slow growth across the world. It stated that the rising oil prices may echo the…
AfDB gets $15.6bn for Lagos-Abidjan highway construction
The President, African Development Bank, Dr Akinwumi Adesina, says the bank has secured $15.6bn investment for the construction of the Lagos-Abidjan highway. Adesina tweeted this on his Twitter handle @akin_adesina…
FG hikes electricity tariff, consumers condemn power sector privatisation
The Federal Government through its Nigerian Electricity Regulatory Commission on Thursday officially released different documents indicating the approved power tariff increase payable by consumers to various electricity distribution companies in…
FG reconnects bombed train line, airlines decry fuel hike
The Federal Government through the Nigeria Railway Corporation on Thursday announced that it had reconnected the Abuja-Kaduna Train Service line that was bombed by terrorists on March 28, 2022, in…
Customs intercept 12 trucks of imported poisonous rice
THE Federal Operations Unit, Zone A, of Nigeria Customs Service, says it intercepted 7,259 bags of 50kg of foreign parboiled rice which is equivalent to 12 trucks in April. The…
