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 […]
CBN Issues Approved Guidelines For BDCs, Operators Get December Deadline To….
The Central Bank of Nigeria (CBN) has issued its approved guidelines to regulate the activities of Bureau de Change (BDC) operators in the country. In its new circular released on Wednesday, the minimum capital base for Tier-1 BDCs is N2bn while that of Tier-1 is set at N500m. Also, the mandatory caution deposit of N200m […]
PICTORIALS: As promised, OTOPE gave over 200 Okada Riders Free Fuel in Ona Ara
The Oyo State Director-General Liaison Office Abuja and Lagos, Hon. Chief (Dr.) Ezekiel Temitope Oladimeji affectionately known as OTOPE has distributed free Premium Motor Spirit (PMS) to over two hundred (200) Okada riders in Ona-Ara local government. It will be recalls that Dr. Oladimeji had earlier revealed his plan to give free fuel pallative support […]
HC For Lands, Housing and Urban Dev., Mr Akin-Funmilayo Host Investors In Ibadan
The Oyo State Government, represented by the Commissioner for Lands, Housing, and Urban Development, Mr. Williams Akin-Funmilayo, hosted a gathering of real estate investors and developers in Ibadan on Wednesday 15th May, 2024. During the meeting, Mr. Akin-Funmilayo emphasized the importance of spreading development beyond Ibadan to other regions in Oyo State. He stressed the […]