Last Month President Bola Tinubu signed into law the N70,000 new National Minimum Wage Act. Though, some states have begun discussion on the consequential adjustment arising from the new wage ahead of its implementation, most states even the Federal Government are yet to begin implementation as the consequential adjustment has to be agreed on.To agree…
The National Association of Nigerian Students, NANS, on Wednesday sent a notification of a planned massive shutdown of all major cities in Nigeria, effective September 15, 2024.The student body said the protest is in response to the recent fuel price hike and the perceived incompetence of the NNPC CEO Mele Kyari. The union equally demanded…
Federal Civil Servants in the FCT, have decried prolonged delay in implementation of the new minimum wage of N70,000 even as the economic condition of Nigerians continue to worsen, the living standard of Nigerians has continued to deteriorate since President Bola Tinubu announced the removal of fuel subsidies on petroleum products on May 29, 2023….
Many motorists in the Federal Capital Territory (FCT) have expressed frustration over increase in the pump price of petrol. NNPC Retail Management has approved an upward review of the pump price of petrol from N617 per litre to N897 litre, effective from Sept. 3.This is amid economic hardship and persistent fuel scarcity. Investigation revealed that…
Marketers have expressed strong concerns over the designation of NNPC Limited as the sole off-taker of petrol from the Dangote Refinery, warning that the move could create a monopoly and lead to profiteering in the downstream sector of the petroleum industry.NNPC has historically been the sole importer of petrol into the country, while marketers and…
As a new fuel price regime takes effect across the country, the Federal Government through the Presidential CNG Initiative (P-CNGi) yesterday, handed over 20 Compressed Natural Gas(CNG) buses to Iru Land Transport Company Limited. Speaking at the formal handover of the 20 CNG buses and the signing ceremony for Lagos Strategic CNG Conversion Partners, PCNGi Progamme…
Serving corps members have been assured that as soon as civil servants start receiving the new minimum wage as approved by the federal government, their monthly allowance will also increase.The NYSC Director General, Brigadier General Yusha’u Ahmed gave the assurance while addressing corps members at Kebbi State Orientation Camp, Dakingari and Sokoto State Orientation Camp…
As Dangote Refinery rolled out petrol from its plant yesterday, Nigerians will be able to buy the product produced by the firm from tomorrow. In a major domestication of the energy needs in the country, President of Dangote Refinery, Alhaji Aliko Dangote displayed a distinctive sample of the first petrol from the refinery.With him were Vice President…
The Nigerian National Petroleum Corporation (NNPC) Limited filling stations in Lagos have adjusted the price of petrol to N855 amid ongoing fuel scarcity, Nairametrics has confirmed. on Tuesday morning motorists observed that some NNPC retail stations in Lagos are selling fuel between N865 to N897 per litre from N568 per liter. This is coming after…
The Federal Competition and Consumer Protection Commission has dismissed claims that it plans to regulate prices in the Nigerian market. It clarified that its recent directives are solely aimed at curbing exploitative practices and maintaining a competitive marketplace. It disclosed this in a statement by its Director, Special Duties and Strategic Communication, Ondaje Ijagwu, on…
