Petrol Price Soars to #770 Per/Lit., Marking a 223% Increase —NBS
In May 2024, the average price of Premium Motor Spirit (PMS), commonly known as petrol, surged by 223.21%, reaching approximately ₦770 per litre from ₦238.11 per litre in the same period of 2023, according to data released by the National Bureau of Statistics (NBS). The NBS report, titled “Premium Motor Spirit (Petrol) Price Watch for […]
Aliko Dangote Confirms New Date For Petrol Production From Refinery
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko Dangote, confirmed the new production date to newsmen at the $20 billion facility in Lagos on Monday. Dangote mentioned […]
Presidency speaks on receiving N105k minimum wage proposal from Wale Edun
The Presidency has come out to deny reports that the Minister of Finance and coordinating minister of the economy, Wale Edun proposed N105,000 as minimum wage. Reports emerged on Thursday afternoon that Edun presented a new minimum wage template of N105,000 (approximately $220) per month for Nigerian workers. The report also claimed that Tinubu is […]
Subsidy is Back: FG Finally Admits Spending Trillions on Fuel In 2024
…New economic stabilisation paper hints at N5.4tn fuel subsidy The Federal Government may have to spend about N5.4tn on fuel subsidies in a proposed economic stabilisation plan document. This is contained in the Accelerated Stabilization and Advancement Plan report obtained by PUNCH Online on Wednesday. The plan presented by the Minister of Finance and Coordinating […]
Minimum wage talks: Labour considers N100,000 as Tinubu Issues Ultimatum
Organised Labour may settle for N100,000 minimum wage as the Tripartite Committee on National Minimum Wage commences daily meetings for five days to reach a consensus. Multiple sources in the labour movement told The PUNCH on Tuesday that the union leaders were willing to review their demand from N494,000 to N100,000, following the criticism and […]
Bliss Farm Kitchen CEO, Oyeleke OluwaKayode Speaks On Sustainable Agribusiness In A Chaotic Business Environment
……Watch The Video Mr. Kayode Oluwakayode Oyeleke, the Executive Managing Director of Bliss Farm Kitchen and VIP Lounge, Ibadan was the guest speaker at a Podcast Talk show titled ‘THE LASGIDI FARMER PODCAST’. The talk show, which had the theme “Sustainable Agribusiness In A Chaotic Business Environment”, was hosted and moderated by Mr. Toheeb Azeez. […]
CBN ban: Kuda, Opay, issue strict Guidelines for Users
Financial technology firms Opay, and Kuda Microfinance have resumed onboarding new customers following a directive from the Central Bank of Nigeria. The two operators announced this development on their X accounts on Monday. The financial regulator had directed fintech companies to temporarily halt new customer sign-ups on April 29, citing concerns over Know Your Customer […]
NNPC Releases Location, Details of New Filling Station To Buy Fuel Priced at N200, Makes Promises
NNPC Releases Location, Details of New Filling Station To Buy Fuel Priced at N200, Makes Promises The federal government has commissioned a 5.2 million standard cubic feet per day (mmscfd) Compressed Natural Gas (CNG) plant/autogas facility at Isolo Industrial Area, Ilasamaja in Lagos. In a statement on Friday, May 31, the Nigerian National Petroleum Company […]
ICYMI: Tinubu’s first anniversary gift: FG plans fresh Cash transfer Scheme for 75 Million Nigerians
The Federal Government on Tuesday said it had reinstated the suspended social investment programme, disclosing the scheme would provide direct payments to 75 million Nigerians in 50 million households to reduce the suffering of citizens, especially vulnerable groups. It stated that the cash transfer programme was overhauled to tackle fraud. The Minister of Finance and […]
Prices Of Basic Food Items Rise By 140% — NBS
Prices Of Basic Food Items Rise By 140% — NBS The National Bureau of Statistics yesterday said that the surge in prices of food items continued in April, with the average price of five basic foods items recorded 140.4 per cent, Year-on-Year, YoY increase during the month. The five food items are local rice, garri […]