The Ministry of Mines and Energy has announced an increment of N$1.52 on the petrol price and an increase of 72 cents on both diesel prices per litre. The adjustments, which come into effect on Wednesday, April 3, 2024, will consequently see Walvis Bay prices adjusting to N$22.30 per litre for petrol, N$21.77 per litre...
Werner Januarie, President of the Namibian Transport and Taxi Association has encouraged taxi operators to submit fare increase applications. This follows a fuel price hike of N$ 1.90 per liter for petrol and N$ 2.40 per liter for diesel. The post Taxi operators urged to seek fare increase post fuel hike first appeared on Future...
Following a fuel price increase announcement by the Ministry of Mines and Energy, we asked the Secretary-General of the Namibia Bus, and Taxi Association, Pendapala Nakathingo about the implications for the industry. The post Bus and Taxi Association weighs impact of fuel price hike first appeared on Future Media. Source link
Martin Endjala Namibia Local Business Association (NALOBA) Vice President Peter Amadhila, believes that the continued hike of fuel prices, which proves to be somewhat cumbersome for Namibians due to international oil market prices, its remedy lies within the recent oil discovery in the country. Amadhila, who was reacting to the recent fuel hike prices announced...
The Minister of State for Education, Dr Tanko Sununu, has appealed to students, parents and lecturers in public tertiary institutions to shun acts capable of disrupting the academic session as schools get set for resumption. Sununu made the appeal in Abuja on Wednesday when the leadership of the Congress of University Academics (CONUA) paid him...
By Josef Kefas Sheehama The Ministry of Mines and Energy, announces the adjustment of fuel prices based on current local and international factors with effect from the 6th of September 2023. The headache for Namibia consumers and businesses, as the prices of petrol increase by N$1.20 per liter and of diesel by N$1.70 per liter. Demand for...
By Josef Kefas Sheehama Namibia’s Ministry of Mines and Energy has announced an adjustment in fuel prices, set to take effect from September 6, 2023, in response to a complex web of local and international factors. Unfortunately, this news brings a headache for both consumers and businesses, as petrol prices are poised to rise by...
The police command in Lagos State has arrested a 29-year-old ‘bolt’ driver, Jeremiah Adeniran, who allegedly robbed some of his passengers. Adeniran, during an interview with journalists on Friday in Ikeja, confessed that the hike in fuel price led him to robbery. “Before, I can do 15 trips a day but after the rise in...
Hundreds marched through major Nigerian cities on Wednesday. This was on the first day of a nationwide strike to protest at the removal of a petrol subsidy and demand a new minimum wage but businesses remained open, though with reduced traffic in some places. Reuters reports that President Bola Tinubu, who was sworn into office...
Research experts, Simonis Storm have revealed that they expect the Central Bank, Bank of Namibia (BoN), to hike repo rate by a further 50bps in its next two meetings as the cost of borrowing for Namibians continues to sour. Providing an analytical view of Namibia’s second quarter economic performance, Simonis Storm also noted that there...