Despite the implementation of the national minimum wage across the 36 states and the Federal Capital Territory (FCT), stakeholders and labour unions have raised concerns about the cost of living in the country, insisting that many workers will be unable to feed their families. This comes as states set the average floor wage at N73,471.43, […]
As exclusively predicted by The PUNCH, the Dangote refinery has informed marketers and its customers of a downward review of its ex-gantry loading cost to N865 per litre. The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday. Our correspondent gathered that the refinery informed its customers […]
Members of the Nigeria Labour Congress, on Thursday, picketed the office building of the Federal Ministry of Mines and Steel Development in Abuja. The labour union shut down the ministry for failing to obey a court judgement ordering the reinstatement of a staff member, Comrade Victor Ekpaha, who was said to have been unlawfully sacked […]
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. In a statement issued by Hakama Sidi-Ali, Director of the CBN’s Corporate Communications Department, the apex bank described the development as a decisive turnaround from the deficits of 3.34 billion dollars in […]
The Federal Government has ordered the arrest and prosecution of the contractor sand filling the Third Mainland Bridge, Lagos. Minister for Works, David Umahi, made this known while responding to questions from The Guardian on the implications of dredging and sand filling around the bridge. Umahi did not disclose who gave the permission for sand […]
The Presidency has apologised for the errors in the list of appointments made by President Bola Tinubu since May 29, 2023. PUNCH Online reports that the list was to counter the narrative about Tinubu’s alleged lopsided appointments, which was brought to the public by the Senator representing Borno South, Ali Ndume. In a recent interview […]
Mr Andreas Carlson, Sweden’s Minister for Infrastructure and Housing has pledged his country’s commitment to investing in Nigeria’s Information and Communication Technology (ICT) and Innovation hub sectors. Carlson made the pledge in an interview with the News Agency of Nigeria (NAN) in Abuja, on the sidelines of a three-day official visit by the Crown Princess […]
There is hope that the Dangote Refinery may sell Premium Motor Spirit (PMS), popularly called petrol, to Nigerians at cheaper rate as the Federal Government has restored the crude and refined product sales in naira initiative. Providing update on the initiative, the Federal Ministry of Finance, in its X handle, yesterday, said the Technical Sub-Committee on the Crude […]
European Union (EU) Ambassador to Nigeria and the Economic Community of West Africa States (ECOWAS), Gautier Mignot, has stressed the need for Nigeria’s leaders to be elected through the ballot and not by court decision. Mignot spoke yesterday in Abuja during the launch of a report titled “From Ballot to the Courts: Analysis of Election Petition […]
Former President Muhammadu Buhari has advised the members of the Progressive Governors Forum to accord importance to the welfare of the people, not themselves. Buhari offered the governors “his personal example of leaving office with the same physical assets he had before his presidency.” According to a statement on Wednesday by his Senior Special Assistant […]
