Headlines

OUR ECONOMIC REFORMS ATTRACTED $30BN FOREIGN INVESTMENT IN ONE YEAR — TINUBU

Nigeria’s President, Bola Tinubu has disclosed that his administration’s economic reforms have attracted foreign direct investments worth more than $30 billion in the past year. The president announced this during his Independence Day speech, commemorating Nigeria’s 64th anniversary on Tuesday. According to him, various economic reform policies initiated by his administration have led to foreign direct…

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FG EXPLAINS MINIMUM WAGE JULY 29 BACKPAY

The Federal Government through the National Salaries, Incomes and Wages Commission has stated that the payment of the new minimum wage will commence from July 2024. Tis was disclosed by the NSIWC Chairman, Ekpo Nta at a press briefing on Tuesday in Abuja. The commission stated that this was because the date in question was when…

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APC NOT BEHIND TINUBU’S 2027 CAMPAIGN BILLBOARD – PUBLICITY DIRECTOR

The National Publicity Director of the ruling All Progressives Congress, Bala Ibrahim, has said APC is not behind a large billboard in Abuja promoting President Bola Tinubu for the 2027 presidential election. The bold billboard that was spotted on Monday along area one axis of the Federal capital Territory  hints at Tinubu’s potential re-election bid, instigating  discussions among…

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FUEL LANDING COST RISES, MARKETERS FEAR HIGH DANGOTE PETROL PRICE

Oil marketers have raised concern about the delay in announcing the price of Premium Motor Spirit, popularly known as petrol, by Dangote Petroleum Refinery, as they announced that the landing cost of imported Premium Motor Spirit is now about N1,120/litre.  The landing cost is the price at which the commodity lands on Nigeria’s shores Dealers stated that  high cost of…

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TINUBU TO NIGERIANS: FUEL PRICE HIKE INEVITABLE

President Bola Tinubu on Friday in Beijing rounded off his official engagements in People’s Republic of China with a meeting with Nigerians living in the country, assuring them that his administration will replicate quality infrastructure available in China in Nigeria. Addressing members of Nigerians in Diaspora Organization in China (NIDO China) and the Nigerian community…

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WHY FUEL QUEUES PERSIST – PENGASSAN

The President, Petroleum and Natural Gas Senior Association of Nigeria, Mr Festus Osifo, has identified reasons for persistent queues in filling stations across the country. Speaking at the ongoing 2024 PENGASSAN Energy and Labour Summit in Abuja on Thursday, Osifo identified weak and outdated distribution chains as a reason for the queues. “The distribution chain…

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