Electricity Consumers Pay N783bn as Subsidy Gulps N376bn   The Federal Government spent N375.8bn on electricity subsidy between January and September this year, as power consumers paid a total of N782.6bn for the commodity during the same period, it was gathered on Sunday. The latest power subsidy...

Consumers, Companies’ Taxes Increase by 96% to N2.3trn   Government revenue got a boost as taxes from companies and consumers rose by 96.11 per cent to N2.31trn in the second quarter of 2023, signifying a huge jump between the first quarter and second quarter of the...

Consumers’ll Avoid Buying Expensive Items In 2021 – CBN Survey         The Central Bank of Nigeria has said most of the consumers it surveyed recently do not have plans to buy big-ticket items in 2021, considering the current economic conditions, according to a survey by the...

Consumers Paid N76.5bn Extra For Petrol After Deregulation       More than N76.5bn has been paid for the purchase of petrol by consumers since the downstream oil sector was deregulated in March this year. After the Federal Government deregulated the downstream sector of the oil industry on March...

Petrol: Ex-depot Price Rises By N6, Consumers To Pay More   The Petroleum Products Pricing Regulatory Agency on Tuesday increased the ex-depot price of petrol by N6 to N138.62/litre for the month of August 2020. Oil marketers stated that based on the latest increase in ex-depot price,...

Declining Economic Condition Worsens Consumer Confidence, CBN Says   Consumers’ overall outlook was negative in the first quarter of 2020, as consumers were pessimistic in their outlook, according to the Central Bank of Nigeria. The Statistics Department of the CBN revealed in its Consumer Expectations Survey Report...