Nigerians to Pay Less for CNG Transport as Competition Intensifies – MDGIF
The cost of transportation using Compressed Natural Gas (CNG)-powered vehicles is expected to decline as more gas refuelling stations become operational across Nigeria, the Midstream and Downstream Gas Infrastructure Fund (MDGIF) has assured. The…
Oyedele Rules Out Return to Fuel Subsidy, Multiple Exchange Rates Ahead of 2027 Elections
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has ruled out a return to fuel subsidies and multiple foreign exchange rates, insisting that the Federal Government will maintain its current economic reform policies…
Petrol Discount: Nigerians Still Pay Up to N1,505 Per Litre as Transport Fares Remain High
Motorists and commuters across Nigeria are still grappling with high petrol prices and rising transport fares despite the Federal Government’s announced fuel discount initiative, with petrol selling for between N1,400 and N1,505 per litre at some…
NLC Insists N70,000 Minimum Wage Is Inadequate, Maintains Two-Week Ultimatum Over Petrol Prices
The Nigeria Labour Congress (NLC) has insisted that Nigerian workers remain under severe economic pressure despite the implementation of the N70,000 national minimum wage, maintaining its two-week ultimatum to the Federal Government over rising petrol…
Atiku Questions Lekki Shooting Accountability, Slams Rising Cost of Living Under Tinubu
Former Vice President and African Democratic Congress (ADC) presidential candidate Atiku Abubakar has criticised the All Progressives Congress (APC)-led Federal Government over unresolved questions surrounding the October 20, 2020 Lekki shooting and the…
NNPC Petrol Discount Is Not Fuel Subsidy, Taiwo Oyedele Clarifies
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has clarified that the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail does not amount to a return of the fuel subsidy regime…
Petrol Depot Prices Hit N1,900 Per Litre in Port Harcourt as Marketers Raise Rates
Petrol depot prices have surged across Lagos, Port Harcourt, Warri and Calabar, raising concerns about further increases in Nigeria’s domestic fuel prices, even as some filling stations in Lagos continue to sell petrol below the rates charged by…
NLC Rejects FG Response to Demands, Warns Over Workers’ Hardship
The Nigeria Labour Congress (NLC) has rejected the Federal Government’s response to its demands for urgent economic relief and the commencement of negotiations for a new national minimum wage, raising concerns over a possible escalation of industrial…
