Lack of Crude Supply Halts Funding for Nigerian Modular Refineries
International financiers poised to fund the construction of approximately 20 modular refineries in Nigeria have withheld their financial support, citing the lack of guarantees for crude oil supply to these facilities once they are completed. This development poses a significant setback for Nigeria’s efforts to boost its domestic refining capacity and reduce its dependence on […]
Federal Government Plans to Suspend Import Duties on Essential Items to Combat Inflation
The Federal Government is reportedly preparing to suspend the payment of import duties on staple food items, drugs, and other essential goods for an initial period of six months. This initiative, aimed at curbing inflation, is detailed in an Executive Order titled “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024,” The PUNCH reports. […]
Injured Novak Djokovic withdraws from French Open
Defending champion Novak Djokovic has withdrawn from the French Open before his quarter-final with a knee injury. Serbia’s Djokovic had a scan for the injury today which revealed a “torn medial meniscus” in his right knee, having blamed the “slippery” Roland Garros clay courts for aggravating the problem during his fourth-round victory on Monday. The […]
President Tinubu asks finance officials to present cost implication of new minimum wage
President Bola Ahmed Tinubu has directed the Minister of Finance and Coordinating Minister of Economy, Wale Edun to come up with cost Implications on the new minimum wage and present affordable, sustainable and realistic figure within 48hours. The Minister of Information and National Orientation, Mohammed Idris who made this known today to newsmen, also disclosed […]
Senator Ninji back to duties after a three-month suspension
Senator Abdul Ningi, representing Bauchi Central, has resumed his legislative duties in the upper chamber after a three-month suspension, over budget padding claims. Upon his return today, Senator Ningi speaking at plenary, expressed his appreciation to the Senate for recalling him from suspension after spending 75 out of 90 days slammed on him on March […]
Minister of works in shock as Vandalization continues
Minister of Works, Engr. David Umahi has expressed shock that reports of vandalization are still being recorded despite the presence of the private security outfit deployed by the Federal Ministry of Works to man the area. The reaction followed the minister’s receipt of a report on the activities of vandals of the expansion joints on […]
INEC extends voters registration for Edo
Following a review meeting held with stakeholders, the Independent Electoral Commission (INEC), said it has extended voters’ registration for Edo and Ondo States respectively. Registration was earlier slated to end on the 5th of June, 2024 in the two states. However, a statement by the commission said following appeals by stakeholders, the date has been […]
National grid restored after strike suspension
The National Union of Electricity Employees said the national grid has been restored after the Nigerian Labour Congress and the Trade Union Congress suspended their strike. NUEE National President, Adebiyi Adeyeye, confirmed this in an online interview on Tuesday. “The strike has been suspended, which means the grid has come back to normal. It is […]
Minister of Information appeals to Labour to call off strike
The Minister of Information and National Orientation, Mohammed Idris, appealed to Organised Labour to call off the ongoing strike and return to the negotiation table in the best interest of the country. Idris, made this appeal on behalf of the Federal government, accompanied by the Minister of State for Labour, Hon Nkeiruka Onyejeocha and the […]
FG commits to minimum wage above ₦60,000
Federal Government says President Bola Tinubu is committed to a national minimum wage above ₦60,000, as the nationwide strike by the Organised Labour over a new minimum wage for workers paralyse economic activities in Nigeria. The economic activities in Nigeria, George Akume, who announced this after a marathon meeting with labour leaders in Abuja late […]
