State governors settle for N22,500 as new minimum wage

Governors of the 36 states of federation have agreed to pay N22,500 as the new minimum wage to workers. The governors, under the auspices of Nigeria Governors’ Forum (NGF) came up with the... Read more »

DPR launches VMB to promote transparency, accountability in oil, gas sector

The Department of Petroleum Resources (DPR) has launched Value Monitoring and Benchmarking (VMB) to promote transparency and accountability in the oil and gas sector. Speaking during the launch in Lagos on Tuesday,... Read more »

Buhari bows to pressure, orders probe of NHIS executive secretary

President Muhammadu Buhari has ordered a probe into the allegations of fraud leveled against the embattled Executive Secretary of National Health Insurance Scheme, Prof Usman Yusuf. The President also ordered Yusuf to... Read more »

NEITI clarifies distortions in reports over unremitted funds

The Nigeria Extractive Industries Transparency Initiative (NEITI), on Tuesday, stated that the $22.06billion and N481.75billion that were yet to be remitted by Nigeria National Petroleum Corporation (NNPC), the Nigerian Petroleum Development Company... Read more »

Forex: Inter-bank market gets another $210m boost

Authorized dealers in the wholesale segment of the inter-bank foreign exchange market received the sum of $100million as intervention from the Central Bank of Nigeria (CBN) on Tuesday, October 30, 2018 to... Read more »

Bayelsa community accuses Shell of negligence over oil spill

A community in Bayelsa State, Agoro 1, has accused Shell Petroleum Development Company (SPDC) of neglecting them after an oil spillage. Lead Consultant to the community, Furoebi Akene, said in a statement... Read more »

MTN vs CBN: Court adjourns to Dec 4

A Lagos judge adjourned a hearing on Tuesday in a $10.1billion dispute between South African telecoms firm MTN Group and the Central Bank of Nigeria to December 4. The central bank alleges... Read more »

Economy will end weaker if prices rise – CBN

The Central Bank of Nigeria (CBN) Inflation Attitudes Survey (IAS) report shows that consumers are worried over rising prices and inflation, saying the economy would end up weaker if prices start to... Read more »

Bayelsa willing to pay N30,000 minimum wage

The government of Bayelsa State has expressed willingness to implement the N30,000 minimum wage being proposed by organised labour unions across the country. The Head of Service, Sir Luka Obiri, stated this... Read more »

No plans to raise pump price of petrol, says NNPC

The Nigerian National Petroleum Corporation (NNPC) has debunked the trending rumour of an impending review of pump prices of petroleum products, especially petrol. A statement Tuesday in Abuja by the NNPC Group... Read more »
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