The Major Energy Marketers Association of Nigeria, MEMAN, has refuted reports that the pump price of Premium Motor Spirit (PMS) will drop to ₦300/litre, as Dangote Petroleum Refinery and other local refiners, including modular refinery operators commences large-scale productions....
The Nigeria Governors’ Forum, NGF, has declined the N60,000 minimum wage proposed by the Federal Government. According to the forum, N60,000 as minimum wage is not sustainable, as there is a need for a realistic and sustainable minimum wage...
The Organization of the Petroleum Exporting Countries pumped 26.63 million barrels per day (bpd) last month, up 145,000 bpd from April. Nigeria and Iraq each raised output by 50,000 bpd and there were smaller hikes in Saudi Arabia and...
Justice Chukwujekwu Aneke of the Federal High Court, in Lagos has authorised Guaranty Trust Bank (GTBank) to temporarily take over the funds and assets belonging to Afex Commodities Exchange following its inability to pay N17,808,452,467.107 loan facilities granted by...
Bureau De Change (BDC) operators across Nigeria are expressing concerns against Central Bank of Nigeria’s (CBN) new directive mandating them to re-apply for licenses under new stringent guidelines.CBN noted that the overhauling aim to enhance the regulatory framework and...
The Former President Goodluck Ebele Jonathan will be flagging off the construction of the multi-billion naira Trans-Kalabari road sponsored by Governor Siminalayi Fubara of Rivers State, today, Monday May 2024. The administration of Governor Fubara has approved N222.1 billion...
The Federal Airport Authority of Nigeria (FAAN) has announced the implementation of tolls, E-tags, by all users of federal airports gates across the country. FAAN in a statement issued on Thursday night said the implementation of the President’s directive...
The organized labour has issiued May 31, 2024, to federal government to conclude all processes regarding the new minimum wage for Nigerian workers. As the tripartite committee set up by the Federal Government on minimum wage (committee) resumes sitting...
The Economic and Financial Crimes Commission, EFCC, has arraigned former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele for authorizing the printing of N684.5 million for N18.96 billion. Emefiele entered a plea of not guilty to the four-count charge...
Abia State Government has released the forensic audit report of the former administration led by Okezie Ikpeazu.The 360-page dossier was released by the Commissioner of Information, Prince Okey Kanu, after the State Executive Council meeting press briefing Monday night....
