Civil servants under the umbrella of the Joint National Public Service Negotiating Council, JNPSNC, Trade Union Side have called on the federal government and state governments to approve and implement a 400 per cent increase in the current N70,000 national minimum wage to cushion the devastating effects of the country’s economic hardship. The...
•Dangote The Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no application for such an offer has been filed with or approved by the regulator. In a public notice made available to our correspondent ...
Across Nigeria, anger is mountÂing over rising electricity tariffs as households and businesses complain that they are paying significantly higher bills without any meaningÂful improvement in power supply, raising fresh concerns about enerÂgy poverty and the survival of small enterprises. The backlash has been particÂularly intense among Band ...
With inflation at 16 per cent, spike in food prices, housing construction and transportation costs are forcing many families to make difficult survival choices, including abandoning decent accommodation and resorting to unhealthy living conditions. The inflation report showed that restaurants and accommodation services contributed 2.06 percent...
Stakeholders in Nigeria’s economy have implored refiners, depot owners, and fuel importers to reduce their prices. They say international crude oil prices have dropped, so pump prices and ex-depot costs should also be reduced, reports Daily Independent. The National President of The Petroleum Products Retail Outlets Owners Association of Niger...
•National Bureau of Statistics (NBS) head office, Abuja Experts have advised the federal govÂernment to strengthen the ease of doing business, expand infrastructure, ensure policy consistency and deepen economic reforms to convert short-term investor interest in Nigeria’s economy into lastÂing productive investments. This is coming as they rai...
No fewer than four state governments have set up their own airlines in the last seven years, spending an estimated N500 billion in the carriers’ set-up and fleet acquisition. Apart from the four states, at least three others – Ogun, Anambra and Lagos – are at different stages of establishing their own carriers, with a […]
•An attendant dispensing fuel at a filling station  As global energy markets react to seismic geopolitical shifts, Nigerian consumers and businesses are watching closely to see when the relief felt on the international stage will reflect at local fuel stations. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has c...
•An open foodstuffs market Agriculture, maritime and trade experts have identified worsening insecurity, and Nigeria’s growing dependence on food imports as major factors fueling food shortagÂes and soaring food prices across the country. The stakeholders lamented that despite possessing vast exÂpanses of fertile arable land and abundant human...
•Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele The federal government has released comprehensive transition guidelines for the implementation of Nigeria’s tax reforms, providing clarity on how taxpayers, businesses and revenue authorities will migrate from the old tax framework to the new regime, which took effect...

