•Aviation Minister Fetus Keyamo Nigerian helicopter operÂators have threatened to shut down their operaÂtions in response to new charges imposed by the federal government through the MinÂistry of Aviation and Aerospace Development. There are also fears that the threat, if carried out, may lead to loss of 1.1 million barrels of oil daily by Nig...
•Fuel scarcity As fuel scarcity lingers across the country, many have engaged in panic buying and storing petrol in kegs and jerry cans in their homes and offices. Meanwhile, black marketers are selling more fuel than filling stations. Also, some Nigerians have thus expressed concern over the dangers posed by the careless handling of this [&he...
A federal high court in Kano has granted an interim order restraining the National Electricity Regulatory Commission (NERC) from implementing a hike in electricity tariff for Band A customers in the state. The court directed Kano Electricity Distribution Plc to discontinue the implementation of tariff increased from N76.54/Kwh to N225/Kwh, rep...
A Magistrate Court in Wuse Zone 2 Abuja has ordered the Federal Capital Territory Internal Revenue Service (FCT-IRS) to seal a company – Ifedi A.K. Nigeria Ltd, over the failure of its management to file the mandatory annual returns. Magistrate Janada Balami issued the order today, Friday, May 3, after the lawyer to FCT-IRS, Michael […]...
•Landmark Beach The management of Landmark Resort Beach says it has initiated the refund process for customers impacted by the recent demolition of portions of its properties by the federal government. According to a statement posted on its X account today by Landmark Africa, the parent company of Landmark Resort Beach, refunds are being facil...
Despite the federal government’s assurances that the new minimum wage will take effect from May 1, 2024, the Nigeria Governors’ Forum (NGF), yesterday, said it is reviewing its individual fiscal space as state governÂments and the consequential impact of various recommendations, to arrive at an improved minimum wage they can pay sustainably. O...
•Fuel scarcity Oil marketers have said they do not have details of the logistic challenges that the Nigerian National Petroleum Company Limited (NNPCL) claimed are responsible for the current low supply of products nationwide. Fresh petrol scarcity resurfaced on Wednesday last week and has worsened, leaving Nigerians to grapple with the effect...
•Mast sealed The Kaduna State Internal Revenue Service has sealed seven telecommunication masts belonging to MTN and Globacom across the state’s urban areas over outstanding taxes totalling N5.8bn. The Head of Corporate Communications for the Kaduna IRS, Zakari Muhammad, disclosed this development in a statement issued today. The sealed...
The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage for Deposit Money Banks (DMBs) from N500,000 to N5,000,000 and would provide full coverage of 98.98 per cent of the total depositors compared with the current cover of 89.20 per cent This was announced today by the Managing Director/Chief Exec...
In Nigeria, workers’ rights are determined by a series of game-changing events in the country’s history. These include the fight for self-rule, legislation on labour laws as well as labour union formations which have all had a great impact on the improvement and security of the rights for Nigerian workers. Here are six historical moments [&hel...