News

WORKERS’ DAY: LABOUR LAMENTS RISING FOOD PRICES, FUEL CRISIS

1st May 2024 As Nigerian workers commemorate the 2024 May Day on Wednesday (today), organised labour has expressed concern about the rising food prices and fuel scarcity in the country, saying the current situation threatens workers’ survival. The Nigeria Labour Congress and the Trade Union Congress leaders, in separate interviews with The PUNCH on Tuesday, […]

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DANGOTE REFINERY GETS VALID OPERATING LICENCE SOON – FG

1st May 2024 The Federal Government, on Tuesday, announced that it was set to issue a fully valid operating licence to the 650,000 barrels per day capacity Dangote Petroleum Refinery. It announced this at the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum

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UNIBEN SUSPENDS STUDENT UNION OVER ATTACK ON LP GOV CANDIDATE

30th April 2024 The management of the University of Benin has approved the indefinite suspension of the university’s Student Union Government. In a statement on Monday by the university’s Registrar, Ademola Bobola, the institution said the suspension was in connection with the attack on the Edo State Labour Party’s candidate, Olumide Akpata, by some students

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EFCC PROBES 1,146 FROZEN ACCOUNTS FOR MONEY LAUNDERING

30th April 2024 In continuation of its crackdown on forex racketeers, the Economic and Financial Crimes Commission has pencilled for investigation, 1,146 bank accounts belonging to individuals and companies over alleged money laundering, unauthorised dealing in foreign exchange and illegal naira manipulation. The commission secured an interim order granted by Justice Emeka Nwite of the

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PETROL HITS N800 AS 240 MILLION-LITRE VESSELS ARRIVE

30th April 2024 The Nigerian National Petroleum Company Limited on Monday began offloading 240 million litres of Premium Motor Spirit, otherwise called petrol, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. As the NNPCL began offloading petrol, filling stations sold the product at an average price of N800 per litre in

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Missing UniAbuja female student died in car crash – Family

A 400-level female student of the University of Abuja, Murjanatu Zubairu, who was declared missing on Friday, has died in a car accident along the Lugbe, Airport Road, Abuja. Zubairu, a student of the Department of Arts Education in the university’s Faculty of Education, left home for school on Friday, but her whereabouts remained unknown

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Removing fuel subsidy saved Nigeria from bankruptcy — President Tinubu

President Bola Tinubu said, on Sunday, that Nigeria would have gone bankrupt if his administration had not discontinued fuel subsidy payments. He said though the policy came with economic pains, it was in the best interest of Nigerians. Tinubu spoke at the Special World Economic Forum in Riyadh, Saudi Arabia. Upon assuming office last May,

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Police launch probe as gunmen kill Aiyedatiwa’s campaign coordinator.

The Ondo State Police Command, on Sunday, said it had begun an investigation into the circumstances surrounding the death of one Mr Alaba Abe, who is one of the ward campaign coordinators of Governor Lucky Aiyedatiwa. The late Abe was among Aiyedatiwa’s campaign coordinators during last Saturday’s All Progressives Congress governorship primary in Ondo State,

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WHY NAIRA DEPRECIATED BY 23% IN 4 DAYS — CURRENCY DEALERS, ANALYSTS

April 29, 2024 A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent against the dollar, thus recording the worst weekly performance of the Naira

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