BLOGS

The threat comes amid a nationwide scarcity that has seen the prices of petrol surge. The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to cripple the supply of Premium Motor Spirit (PMS), also known as petrol, over non-payment of ₦200bn bridging claims. The threat comes following current nationwide scarcity which has seen prices […]

1st May 2024 The Federal Government has approved a 25 to 35 per cent increase in the salary structures of police officers, the armed forces, public servants, among others. It announced this on Tuesday through the National Salaries, Incomes and Wages Commission, stating that the salary raise takes effect from January 1, 2024. The NSIWC,

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,

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

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

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

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