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Finance minister to present new minimum wage today

The Minister of Information, Idris Mohammed, announced that Finance Minister Wale Edun will present a new minimum wage proposal to President Bola Tinubu today, Wednesday, June 5, 2024. Mohammed made this statement during an interview with journalists at the State House in Abuja on Tuesday. This announcement follows the organized labour’s decision to suspend their […]

News

Inflation: FG considers importing rice paddy, maize seeds

The federal government is now considering measures to permit the importation of paddy rice to millers through an Executive Order to stop the rising trend of food inflation in the nation In addition, the federal government will consider the importation of maize and rice seeds to farmers to boost production output in these staple crops. […]

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Nigeria lost N149bn to NLC, TUC one day strike

Nigeria may have lost over N148.8 billion in oil revenue on Monday as a result of the organized labor’s industrial action against the federal government’s proposed N60,000 minimum wage. The Nigerian Upstream Petroleum Regulatory Commission’s most recent statistics show that (excluding condensate) Nigeria produces 1,281,478 barrels of crude oil per day, according to The Punch. […]

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FG direct International oil companies sell crude to Dangote refinery

The Nigerian Upstream Petroleum Regulatory Commission has said it would direct international oil companies to supply crude oil to Dangote oil refinery. The spokesperson for the NUPRC, Olaide Shonola, stated that the commission was stepping in to guarantee Dangote and other refineries in the nation will be able to purchase crude locally. This was disclosed […]

News

Nigeria, UAE dispute resolved, to start visa issuance soon – FG

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the visa disagreement between Nigeria and the United Arab Emirates has been settled. He declared that the travel ban preventing Nigerians from traveling to the UAE, particularly Dubai, would soon be lifted by the government of the UAE, according to The Punch. This […]

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7.3 million Nigerians yet to get electricity meters – FG

The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered power users nationwide stood at 7,319,846. The Federal Government’s most recent data on metering shows that 6,09,585 were metered electricity users in the country in 2023, compared to 7,319,846 unmetered […]

News

Over 500,000 applicants yet to get FG’s trade grant as deadline approaches

The federal government through the federal Ministry of Industry, Trade and Investment is yet to credit the N50,000 trade grant to more than half of the qualified applicants that applied for the scheme. According to the federal government’s official website, the initiative has benefited a total of 414,751 individuals from all 774 local government areas […]

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IMF’s recommendations misconstrued in Nigeria – Christian Ebeke

The International Monetary Fund resident representative for Nigeria, Christian Ebeke raised concerns over the misapplication of the organization’s policy recommendations in Nigeria. He emphasised the necessity of first providing for the poor and vulnerable before the removal of the expensive subsidies in a chat with the Head of Research, Africa and Middle East, Razia Khan […]

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FG to reduce vehicle parts imports by 40%

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite has said the Federal Government is set to commence the manufacturing and supplying of tyres, batteries, brake pads, and other automobile components as part of efforts to boost the Nigerian automotive industry. This was disclosed by Uzoka-Anite at the ministerial sectoral briefing to mark President Bola […]

150,000 Nigerians got FG's N50k grant - Minister
News

Nigeria attracted N3.5bn textile investment, created 4,000 job opportunities – Minister

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, has said that the Federal Government has secured $3.5 billion in investments in a year to boost NNigeria’s textile, cotton, and clothing sectors. This was disclosed in a statement by Uzoka-Anite at the ministerial press briefing in Abuja on Tuesday. According to Uzoka-Anite, this investment is […]

News

Togo, other international consumers owe Nigeria $51m for electricity — FG

The Federal Government disclosed in the latest industry statistics that international consumers did not remit about $51,26 million to Nigeria for electricity exported from Nigeria between 2023 and power users. In addition, in 2023 Nigeria’s electricity sector did not receive about N7.61 billion from another group of customers categorized as bilateral consumers, according to The […]

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FG to eliminate house ownership obstacles for Nigerians

The Minister of Housing and Urban Development, Ahmed Dangiwa, has affirmed his resolution to eliminate obstacles impeding mass home ownership in the country. This was disclosed in a statement by Dangiwa during the unveiling ceremony for the Renewed Hope Housing Delivery Portal held at ministry headquarters in Abuja recently, according to The Punch. Dangiwa stated […]

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