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 […]
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 […]