Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has warned the Federal Government not to contemplate the removal of the subsidy on petrol without local refining capacity, in view of its socio-economic implications on businesses and ordinary Nigerians.This is contianed in a communiqué by NUPENG leaders at the end of the Union’s National Executive…
The Auditor General of the Federation in the 2016 report had raised concern over the payment of N262.4 billion as social benefits against the N188 billion provided for in the budget resulting in extra-budgetary payment of N74 billion without breakdown.The query reads” The total cost for social benefits amounted to N262.3 billion whereas the budget…
An unspecified number of workers were, yesterday, trapped in a seven-storey building, which collapsed in Banana Island, Ikoyi area of Lagos State. News provider’s learnt that the building, under construction, came down at about 5:00 p.m., however, the cause of the collapse could not be ascertained at press time.A source said while it remains unclear…
At the backdrop of the in-coming new regime in Nigeria, the International Monetary Fund, IMF, has indicated that the country’s economic growth will see further slowdown to 3.0 percent, one year down the road, in 2024 while maintaining its projection of 3.2 percent growth in 2023, which also indicated slower growth rate against its 2022…
The price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics reports analysed by our correspondent.This came as findings showed that the Federal Government has paid about N5.83tn subsidy on petroleum products.NBS data showed that between February 2020 and…
The Federal Capital Territory, FCT, Police Command, has busted criminal syndicate terrorising Abuja community, as operatives arrested no fewer than 40 suspected members of the notorious criminal syndicate in Gishiri village in the FCT.The operation was carried out by the Mabushi Police Division, following extensive intelligence gathering and surveillance.However, the arrest has triggered off a…
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in 2022.Malpass said this in his Opening address at the ongoing Spring Meetings 2023 Media Call, a copy of which was obtained by the News Agency of Nigeria (NAN)…
The Buhari Media Organisation has said the latest disbursement of N320bn intervention fund for public tertiary institutions is the highest ever disbursed since the Tertiary Education Trust Fund was created.A statement signed by the BMO Chairman, Niyi Akinsiju, and secretary, Cassidy Madueke, read in part, “We have been constantly assailed with tales of poor funding…
