Business

WHAT STATES CONTRIBUTED TO VAT POOL AND WHAT THEY RECEIVED IN 2024 IMOContributed: N4.38bnReceived: N70.70bn (1,613%) LAGOSContributed: N2.75trnReceived: N460.11bn (16.74%) RIVERSContributed: N832.69bnReceived: N186.66bn (22.4%) OYOContributed: N272.41bnReceived: N116.83bn (42.9%) KANOContributed: N77.76bnReceived: N117.19bn (150.7%) DELTAContributed: N73.39bnReceived: N80.73bn (110%) BAYELSAContributed: N64.66bnReceived: N63.42bn (98.1%) EDOContributed: N53.55bnReceived: N72.33bn (135.1%) ANAMBRAContributed: N47.53bnReceived: N78bn (167.1%) AKWA IBOMContributed: N46.93bnReceived: N76.09bn (162.1%) ADAMAWAContributed: N42.01bnReceived: N70.41bn (167.6%) BORNOContributed: N35.29bnReceived: N76.15bn …

TELECOM TARIFF HIKE: TINUBU GOVT PRIORITIZES CORPORATE CARTELS OVER CITIZENS’ WELFARE – LABOUR FUMES, THREATENS STRIKE The Nigeria Labour Congress (NLC) has condemned the 50 percent telecom tariff hike by the Federal Government, tagging it as additional burden on the suffering masses. President of the NLC, Comrade Joe Ajaero spoke in a statement made available to our reporter in Abuja, …

NNPCL RAISES PETROL PRICE TO ₦‎990 IN ABUJA, ₦‎965 IN LAGOS Retail outlets owned by the Nigerian National Petroleum Company Limited have effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, from N965 to N990 per litre in the Federal Capital Territory. The new price template effected nationwide on Tuesday also increased …

SERAP GIVES GOVT 48 HOURS TO REVERSE 50% TARIFF HIKE FOR MTN, AIRTEL, OTHER TELECOM OPERATORS The Socio-Economic Rights and Accountability Project (SERAP), has given President Bola Tinubu’s administration 48 hours to reverse the 50% tariff hike granted to network providers for calls and data by the Nigerian Communications Commission (NCC). SERAP, a human rights advocacy and pro-democracy organization, contended …

NCC APPROVES TARIFF HIKE FOR GLO, MTN, OTHERS The Nigerian Communications Commission (NCC) has approved the request of telecommunications companies to raise tariff. According to Reuben Mouka, spokeman of the commission, the approval was granted In pursuant to its power under Section 108 of the Nigerian Communications Act, 2003 (NCA) to regulate and approve tariff rates and charges by telecommunications …

TELECOM SUBSCRIBERS REJECT MINISTER’S 60% PROPOSED TARIFF HIKE The Association of Telephone, Cable TV, and Internet Subscribers of Nigeria has rejected the proposed telecom tariff hike of 30 to 60 percent, put forward by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani. The advocacy group, representing over 220 million subscribers nationwide, argued that the minister’s statement contradicted an …

NLC FAULTS FRESH PETROL PRICE HIKE, SAYS FG INSENSITIVE The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses. Senior NLC officials disclosed this in separate interviews with our correspondents on Sunday, as oil marketers refuted being blamed for …

WHY WE INCREASED PETROL PUMP PRICE – DANGOTE REFINERY Dangote Refinery has clarified that “the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices.” In a statement on Sunday, the refinery noted that “any fluctuation in its international price inevitably impacts the cost of the finished …

PETROL PRICE SURGES TO N1,150/LITRE Saturday Telegraph had on Friday reported that the Dangote refinery notified its customers of a price increase, raising the ex-depot rate from N899 per litre to N955 per litre. According to the statement, Customers purchasing between 2 million and 4.99 million litres now pay N955 per litre, while those buying 5 million litres or more …

PETROL PRICE SURGES TO N1,150/LITRE Saturday Telegraph had on Friday reported that the Dangote refinery notified its customers of a price increase, raising the ex-depot rate from N899 per litre to N955 per litre. According to the statement, Customers purchasing between 2 million and 4.99 million litres now pay N955 per litre, while those buying 5 million litres or more …