Wednesday, May 14, 2025
The Nigeria Labour Congress (NLC) has reacted to the Democracy Day Speech by the President, Bola Tinubu, where he gave assurance of a new minimum wage for the workforce, saying he failed to give them the much expected gift on June 12. Ag. President of NLC, Comrade Prince Adewale Adeyanju […]
Only 5.3 million Nigerians working in the formal sector will benefit from the new minimum wage, available data have shown. In other words, of Nigeria’s total population of 229 million people, 76 million (33.2 per cent) are workers, but not all of them will directly benefit from the wage increase because […]
The Minister of Power, Adebayo Adelabu, on Tuesday, said Nigeria enjoys cheaper electricity tariffs in Sub-Saharan Africa. Adelabu disclosed this in Abuja at a public hearing organized by the House of Representatives Joint Committee on Power, National Planning, and Delegated Legislation. He also disclosed that the introduction of band A […]
The lead promoter of the Escravos Seaport Industrial Complex project in Delta State, Mercury Maritime Concession Company, has said that Nigeria may lose $27.29bn investment in the project by the end of June. The Chairman of MMCC, Rear Admiral Andrew Okoja (rtd), disclosed, in a statement on Tuesday, that this was […]
Africa’s richest person and founder of the Dangote Group, Mr Aliko Dangote, yesterday disclosed that he had already offset about $2.4 billion of the $5.5 billion he borrowed to build his $19 billion refinery located near Lagos. Speaking at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum […]
Babatunde Fashola, the immediate past minister of works and housing has said there are no totally free market economies in the world, adding that the idea is “illusionary”. Fashola, on Wednesday, said this while speaking at the 36th edition of The Platform Nigeria held in Lagos with the theme: “Democracy […]
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko Dangote, confirmed the new production date to newsmen at the $20 billion facility in […]
A coalition of Nigerian civil societies has announced a mass protest scheduled for Wednesday, June 12, to decry the hardship and hunger under the President Bola Tinubu-led government. POLITICS NIGERIA reports that the participating groups include the Take-It-Back Movement (TIB), African Action Congress party (AAC), Joint Action Front (JAF), Education Rights […]
The Kwara State Government has asked the Supreme Court to dismiss the suit filed by the Federal Government seeking full autonomy for the 774 Local Government (LG) Councils in the country. In a legal process filed at the apex court, the state contended that granting the reliefs sought by the […]
The Nigerian government shared a total N4.23 trillion as foreign exchange gains, representing 20.14 percent of the gross federal account allocation committee (FAAC) in the last 12 months, a report by Agora Policy has shown. The Abuja-based think-tank in its report titled “How Exchange Gain Became a Major Source of […]