The Organised Labour has said it will not accept any N62,000 or N100,000 “starvation wage” as the minimum wage for Nigerian workers. It insisted on N250,000, being its latest demand at the last meeting of the Tripartite Committee on Minimum Wage on Friday, as the living wage for an average […]

A forensic audit conducted by KPMG, a global accounting firm, has revealed a N3.3 trillion discrepancy in the fuel subsidy claims made by the Nigerian National Petroleum Company Limited (NNPCL) during the administration of former president Muhammadu Buhari. The audit found that NNPCL inflated its fuel subsidy claims, initially reporting […]

State governments are getting set to eliminate electricity subsidies in their territories as more states gear up to join others in running their different power markets under their own laws. In a document put together by the Nigeria Governors’ Forum, titled, ‘Development of the National Integrated Electricity Policy and Strategic […]

The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular refineries stated on Sunday. However, they pointed out that this would be achieve when the government ensures […]

The Federal Government has increased its offer of a new national minimum wage to N62,000, while organized labour has reduced its demand from N494,000 to N250,000. Already the Tripartite Committee on New National Minimum Wage has adjourned as there was no consensus at the meeting. The organized private sector also […]

MultiChoice Nigeria says it will appeal the ruling of the competition and consumer protection tribunal (CCPT) after the company was fined N150 million for challenging the court’s jurisdiction. On Friday, the tribunal fined MultiChoice and ordered the company to provide one-month free subscriptions on DStv and GOtv to Nigerians. MultiChoice announced […]

EFCC Arrests 11 for Suspected Illegal Mining Activities in Ilorin Operatives of the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested eleven persons and impounded eight truckload of assorted minerals for suspected involvement in Illegal mining activities in Ilorin, Kwara State The suspects are Ibrahim Gambo, […]

Ekiti State Governor, Mr Biodun Oyebanji, has disclosed that the huge investment being made by the Federal Government to ramp up the growth of Micro, Small and Medium Enterprises(MSMEs) underscored the high proclivity of President Bola Ahmed Tinubu to enterprise development and bring inclusive growth to Nigerian economy. Governor Oyebanji said […]

Billionaire Businessman, Femi Otedola has accused Jim Ovia, Chairman of Zenith Bank Plc of fraudulently using an account belonging to his company, Seaforce Shipping Limited, to trade in 2011 without his knowledge or consent. Otedola, who is said to be very miffed by the development, has already submitted his findings […]