Tag "tariff"

    IN DETAIL: N40 in Benin, N28 in Ikeja — here’s what you now have to pay for electricity

IN DETAIL: N40 in Benin, N28 in Ikeja — here’s what you now have to pay for electricity

On Wednesday, the Nigerian Electricity Regulatory Commission (NERC) approved new energy tariff for the electricity distribution companies (DisCos) in the country.For each DisCo, the tariffs differ according to customer classification. This piece focuses on the price range for residential customers under the R2 class – the amount they currently pay and what they are expected to pay next. Most residential [...]

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    It’s ONLY an adjustment of 2015 tariff, says NERC on electricity charge review

It’s ONLY an adjustment of 2015 tariff, says NERC on electricity charge review

The Nigerian Electricity Regulatory Commission (NERC) says the recent review on electricity charge is an adjustment of 2015 tariff.On Wednesday, the regulator released series of publications tagged 2016-2018 minor review of the 2015 multi-year tariff order’ (MYTO) for each electricity distribution company (DisCo).It said the review will become effective from January 1, 2020.In a statement on Friday, the commission said [...]

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    Customers to pay more as NERC approves new electricity tariff (updated)

Customers to pay more as NERC approves new electricity tariff (updated)

The Nigerian Electricity Regulatory Commission (NERC) has approved new energy tariff for the electricity distribution companies (DisCos) in the country.The commission made this known on Wednesday in a series of publications tagged '2016-2018 minor review of the 2015 multi-year tariff order' (MYTO) for each DisCo.While there are no fixed rates across all DisCos, the tariffs now range from N4 per [...]

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    LADOL seeks fair review of free zone tariffs

LADOL seeks fair review of free zone tariffs

Amy Jadesimi, managing director of Lagos Deep Offshore Logistics Base (LADOL), says the company will collaborate with the federal government to ensure fairness in the review of free zone tariffs.Jadesimi said this will help foreign and local investors with operations in the free zone to benefit from the scheme in line with the government’s ease of doing business mandate.She made [...]

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    Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Adewole: Tobacco, alcohol taxes should be increased — and used to fund health budget

Isaac Adewole, minister of health, says consumption taxes on products like alcohol and tobacco should be increased and used for the funding of healthcare.In February, TheCable reported that Kemi Adeosun, minister of finance, had written to President Muhammadu Buhari seeking permission to increase tariff on alcohol and cigarettes.Speaking on Tuesday at THISDAY healthcare financing policy dialogue in Abuja, Adewole said Nigeria [...]

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    EXCLUSIVE: NCC directs mobile operators to increase data tariffs

EXCLUSIVE: NCC directs mobile operators to increase data tariffs

The Nigeria Communication Commission (NCC) has directed mobile operators to initiate a new data tariff regime from December 1, 2016 in what is effectively a price increase.In a letter to mobile operators dated November 1 and seen by TheCable, the regulator stated that the interim floor price for data services was 0.90k/MB for big operators, and that "this rate will [...]

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Exchange Rates

November 06, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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