Increases

The Central Bank of Nigeria (CBN) has concluded plans to increase the amount of foreign exchange allocated to banks to meet the requests of customers. This particularly relates to requests of travellers seeking foreign exchange for…
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The Nigerian Electricity Regulatory Commission (NERC), has approved over 50 per cent hike in electricity tariff payable by customers of the 11 Distribution Companies (DisCos). Again this is coming just two months after it finally…
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The Pipelines and Product Marketing Company (PPMC), has announced an increase in the price of petrol to N151.56 per litre. Solacebase reports that Pipelines and Product Marketing Company (PPMC) is a subsidiary of the Nigerian National…
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The Petroleum Products Pricing Regulatory Agency (PPPRA), has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July. Executive Secretary of the Agency…
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Saudi Arabia will increase its value-added tax (VAT) from five to 15 per cent in July, the Finance Ministry said on Monday, as part of moves to support the economy amid the novel Coronavirus pandemic. The kingdom, starting in June, would…
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The Kaduna State chapter of the Nigerian Union of Pensioners (NUP), has commended Gov. Nasir El-Rufai for raising the minimum pension in the state from N3,000 to N30,000 monthly. A statement issued on Thursday in Kaduna by Muyiwa…
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President Muhammadu Buhari has approved an enhanced salary structure for the Nigeria Police Force and given assurance that his administration would continue paying attention to the welfare and operational needs of the force Buhari’s…
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