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Nigeria’s Fuel Subsidy Payment Exceeds 700BN Monthly, says IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised concerns over the federal government’s subsidy payments. IPMAN warned that Nigeria’s fuel subsidy expenditure could exceed N700 billion monthly. ALSO READ: Petrol/Electricity Scarcity: Nigerians Lament As Transport, Foodstuff Prices Increases This information was disclosed by Mohammed Shuaibu, Secretary of IPMAN, Abuja-Suleja. Shuaibu was responding to data […]

IT’S NOW OFFFICIAL: Senate passes National Minimum Wage Act 2019 Amendment Bill

IT’S NOW OFFFICIAL: Senate passes National Minimum Wage Act 2019 Amendment Bill The bill scaled first, second and third readings, just minutes after it was transmitted by President Bola Tinubu. In a unanimous vote after a clause consideration in the Committee of the Whole, the National Minimum Wage Bill scaled third reading and was passed. […]

Oyo State Advances Gas Infrastructure with Shell Nigeria Gas Partnership

Oyo State Advances Gas Infrastructure with Shell Nigeria Gas Partnership I, Honorable Commissioner Akin-Funmilayo Williams, am delighted to represent the Ministry of Lands, Housing, Survey, and Urban Development at this significant gathering. On 10th July 2024, we mark a crucial step towards enhancing Oyo State’s gas infrastructure, courtesy of the Ministry of Energy and Mineral […]

Ndume: ₦70,000 Minimum Wage Can Only Buy A Bag Of Rice

A former Chief Whip of the Senate, Ali Ndume, has condemned the ₦70,000 new minimum wage approved by the Federal Government. Recall that the lawmaker was recently relieved of his position as the Chief Whip over his comments against the administration of President Bola Tinubu. Tinubu and the leaders of the Nigeria Labour Congress alongside the Trade […]

Developing: Labour Leaders Reacts to the Approved N70,000 Minimum Wage 

Developing: Labour Leaders Reacts to the Approved N70,000 Minimum Wage Leaders of the organised Labour have confirmed accepting the N70,000 minimum wage President Bola Tinubu approved for Nigerian workers. Mohammed Idris, Minister of Information, had told State House correspondents that the president announced the offer at a meeting with the labour leaders at the Presidential […]

FLASH: Petrol Price Rises to N750.17 per Litre in June – NBS

The National Bureau of Statistics (NBS) has reported a significant increase in the average retail price of petrol in June, with a litre now costing N750.17. This represents a 37.44 percent year-on-year increase from the N545.83 recorded in June last year. However, compared to the previous month (May 2024), the average retail price decreased by […]

Food Crisis: Jubilation as FG orders distribution of rice for All Nigerians

The federal government has announced that it has donated about 20 trucks of rice to each of Nigeria’s 36 states and Abuja as part of measures to cushion the country’s food crisis. Information Minister Mohammed Idris disclosed this in Abuja on Monday while briefing State House reporters at the end of the Federal Executive Council […]

Breaking: NNPC No Longer Owns 20% Stake In The Dangote Refinery

The Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery. This was announced on Sunday by the Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote during a press briefing at the refinery on Sunday. According to him, the NNPCL only owns 7.2% of the refinery due to the NNPC’s failure to pay the balance […]

Nigerian Govt, IOCs Plotting For Our Failure– Dangote Refinery

Nigerian Govt, IOCs Plotting For Our Failure– Dangote Refinery The Vice President of Dangote Oil and Gas Industries, Devakumar Edwin, has accused International Oil Companies, IOCs, in Nigeria of trying to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Mr Edwin, while addressing newsmen in Lagos, lamented the activity of the Nigerian Midstream and […]

Updated: Nigeria’s Public Debt Jumps To N121.67Trn

The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion (91.46 billion dollars) in March. The Debt Management Office (DMO) in a statement yesterday evening said this figure encompasses the combined domestic and external debts of the Federal Government of Nigeria (FGN), the 36 state governments, and the Federal Capital Territory […]