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 […]

A Federal High Court in Lagos, on Wednesday, granted an order for the interim forfeiture of properties valued at N11.14 billion linked to a former Central Bank of Nigeria (CBN) governor, Godwin Emefiele. POLITICS NIGERIA gathered that Justice Chukwujekwu Aneke issued the order following a motion ex parte filed and argued […]

In December 2019, it was widely reported that the Nigerian government had approved a minimum wage of N30,000. This followed negotiations between the Nigerian government and labour unions. About five years down the line, there is a dispute between organised labour and the federal government. While there has been a […]

Nigeria’s current account balance has experienced a surplus of $1.432bn in 2024, according to a report by the International Monetary Fund (IMF). The report, ‘World Economic Outlook Database’ seen by Channels Television on Wednesday, noted that the increase in the Federal Government’s account for the period was an improvement from […]

The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 per cent salary increase to enable workers to […]