The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) against enabling the illegal sale of mint naira notes to currency hawkers, imposing a penalty of N150 million for each offending branch involved in such activities. In a circular issued by Solaja Mohammed J. Olayemi, Acting Director of Currency Operations, on December 13,…
Dangote Refinery, Africa’s largest oil refinery, has achieved a historic milestone by exporting its first batch of Premium Motor Spirit (PMS) to Cameroon, in partnership with Neptune Oil. This marks the refinery’s inaugural international shipment and a significant step toward regional energy integration. The collaboration reflects a shared commitment to fostering economic ties between Nigeria…
Civil servants in Nasarawa State have embarked on an indefinite strike following the state government’s failure to implement the N70,000 national minimum wage recently signed into law by the federal government. Led by organized labour unions, workers shut down ministries, departments, and agencies (MDAs) across the state to press their demands. Chanting solidarity songs, union…
The Lekki Textile and Garment Special Economic Zone (SEZ) in Lagos State is projected to generate approximately 5,000 direct jobs and over 20,000 indirect employment opportunities upon completion, according to Dr. Olufemi Ogunyemi, Managing Director of the Nigeria Export Processing Zones Authority (NEPZA). Dr. Ogunyemi made this known during the disbursement of compensation to seven…
The Bauchi State government, in collaboration with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), has inaugurated an 11-member tripartite technical committee to finalize the implementation of the national minimum wage for civil servants in the state. Speaking to reporters after the State Executive Council meeting, NLC Chairman Comrade Dauda Shu’aibu announced…
The Federal Government has launched a new initiative to sell crude oil to local refineries and facilitate the purchase of petroleum products using the Naira, aiming to ease pressure on the national currency and streamline costs. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, following a…
Kano State Governor Abba Kabir Yusuf has announced that the state will be the first to implement the new minimum wage of N70,000. The governor made this statement during a workshop on “Conflict Management for Harmonious Industrial Labour Relations” hosted by the Michael Imoudu National Institute for Labour Studies (MINILS) in Kaduna. Represented by Abdullahi…
The Federal Government has put forward a proposal to temporarily eliminate import duties on certain food items, a move aimed at addressing the nation’s food security challenges. This announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, following a closed-door session with the Nigeria Customs Service Board…
A three-day multi-sector trade and investment forum aimed at strengthening the economic and business ties between Nigeria and Tunisia was held at the John Wood Hotel, Abuja. The event, which began on September 10, was organized through the collaboration of the Tunisia-Africa Business Council (TABC), the Nigerian Embassy in Tunis, and the Tunisian Embassy in…
President Bola Tinubu has wrapped up his official visit to China, calling the trip a significant success. Addressing members of the Nigerians in Diaspora Organisation (NIDO) and the wider Nigerian community at the China World Hotel, President Tinubu highlighted the fruitful discussions held with Chinese leaders, including President Xi Jinping and Premier Li Qiang, as…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced that the Dangote Refinery in Lagos, valued at $20 billion, will begin supplying 25 million litres of fuel daily to the Nigerian market this September. According to the NMDPRA, the refinery, which has a capacity of 650,000 barrels per day, is expected to increase…
The Ogun State Waste Management Authority has sealed off two Chinese-owned companies, Yibao Industrial Limited and Ronchang Industrial Park, for allegedly breaching the state’s environmental regulations. The enforcement action was taken after multiple warnings to the companies were ignored, with both firms failing to hire accredited waste management collectors to properly handle their waste disposal….
Governor Ademola Adeleke of Osun State has unveiled 31 newly acquired tractors and various farm inputs, in a move to boost agricultural productivity and food security across the state. The unveiling ceremony took place at the Agric Farm Settlement in Aisu, Ede, where Governor Adeleke emphasized the critical importance of food sufficiency and availability as…
The newly opened Tsamiya Dry Port in Kebbi State has established a clearing office in Kano to enhance trade for businesspeople in Northern Nigeria. During the inauguration of the Kano office on Wednesday, the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adeniyi, represented by the Zone B Comptroller, ACG Sambo Dangaladima, highlighted the…
Oil and gas suppliers in Nigeria have endorsed the federal government’s decision to sell crude oil in Naira to local refineries, while urging the refineries to reciprocate by selling refined products to distributors in Naira to help stabilize the market. Benneth Korie, President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), stressed…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, announced that the ongoing construction of the Idu Industrial Park in Abuja is set to provide employment for over 40,000 youths upon completion, boosting both the local and national economy. During an inspection of the site on Wednesday, Wike praised the efforts of Zeberced Construction…
The Nigeria Labour Congress (NLC) has instructed its members across the country to participate in a peaceful prayer procession on August 29. This directive comes in response to the police’s recent invitation to NLC President Joe Ajaero for questioning on charges including alleged “criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime.” In a letter…
Civil servants in Adamawa State are celebrating after receiving their August salaries, reflecting the new national minimum wage of N70,000. The salary increase brought relief, with workers praising the state government for fulfilling its promise. Alhaji Danjuma Usman Mohammed, a driver at the Government House, Yola, expressed his gratitude, sharing plans to re-enroll his children…
The Kano State Public Complaints and Anti-Corruption Commission has arrested five individuals, including Alhaji Mohammed Kabawa, Permanent Secretary of the state Ministry for Local Government and Chieftaincy Affairs, in connection with a multi-billion Naira drug supply scandal. Public Relations Officer Kabiru I. Kabiru informed reporters in Kano that the arrests are part of an ongoing…
Chairperson of DAAR Communications Plc, Raymond Dokpesi Jnr, has addressed the recent management changes at the company, which saw the exit of several long-serving directors. He explained that the shake-up is part of a strategic alignment with regulatory standards and aimed at fostering the company’s future growth. During an interview with journalists, Dokpesi Jnr stressed…
Oxfam Nigeria, in partnership with the Federal Government, has introduced new initiatives to strengthen the Nigeria Workplace Gender Policy. This was announced by Oxfam Nigeria’s Country Director, John Makina, during the National Workplace Gender Policy Training of Trainers Workshop held in Abuja. Makina highlighted that the workshop, co-hosted by the Ministry of Labour and Employment…
The Nigeria Medical Association (NMA) Kogi State branch has officially removed its suspended Chairman, Dr. Baoku Olusola, along with three other executive members, from office. The decision was confirmed during the 2024 NMA Kogi Annual General Meeting held in Lokoja, the state capital, where members adopted a report citing gross misconduct and abuse of office….
A group of downstream petroleum operators has appealed to President Bola Ahmed Tinubu to address the activities of the Nigerian National Petroleum Company Limited (NNPC), the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This appeal came as petrol shortages at retail outlets in…
Abuja, Nigeria The Industrial Training Fund (ITF) has launched a specialized curriculum for its foundation program, covering 20 key areas in the first phase of its Skill-Up Artisan (SUPA) initiative. The curriculum includes training in Plumbing and Pipe Fitting, Masonry, Painting and Decoration, Tiling, Electrical Installation, Welding and Fabrication, Carpentry, and Iron Steel Reinforcement, among…
On Monday, July 8, NYSC spokesman Eddy Megwa reaffirmed the agency’s commitment to providing accurate information. Megwa clarified that while there is no new package, corps members will indeed benefit from the new minimum wage. He expressed disappointment over some media outlets’ misrepresentation of facts during the NYSC Director General, Brigadier General YD Ahmed’s visit…
The Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, has instructed the completion of pending projects at the College of Petroleum and Energy Studies in Kaduna. Following a tour of the college, Lokpobiri announced that the institution would soon commence activities. Established in 2009, the college aims to provide essential knowledge and skills…
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the Port Harcourt refinery will start refining crude oil by early August. Addressing an emergency session at the National Assembly’s joint committee on finance, the Group Chief Executive Officer of NNPCL, Mr. Mele Kyari, confirmed this development on Monday. He also mentioned that the Kaduna…
The World Bank, in collaboration with the Federal Ministry of Education, has announced a $10 million investment aimed at equipping Nigerian youths with essential employment skills. Dr. Mistura Rufai, an Education Specialist at the World Bank, disclosed this at a workshop held in Abuja on Monday. The initiative, under the Innovation Grant Facility of the…
The Federal Government has announced a 150-day duty-free import window for certain food commodities, suspending duties, tariffs, and taxes on imports through land and sea borders. In a statement on Monday, the Minister of Agriculture and Food Security, Abubakar Kyari, revealed that duties, tariffs, and taxes on imported maize, husked brown rice, wheat, and cowpeas…
Baba Othman Ngelzarma, National President of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), has called on the federal government to establish a Ministry of Livestock. He believes this move would generate additional revenue and boost the country’s Gross Domestic Product (GDP). Ngelzarma made this appeal during the election of the new leadership for…
The Nigeria Export Processing Zones Authority (NEPZA) has announced that Free Trade Zones generated N11.1 billion in revenue between 2020 and 2023. This clarification comes after an earlier submission to the Senate Committee on Trade and Investment mistakenly reported the figure as N11.11 trillion. NEPZA Managing Director Dr. Olufemi Ogunyemi, speaking on Monday in Abuja,…
