Economy

Rising taxes and oil revenues by the Federal Government have boosted its earnings by 76 per cent, from N7.1 trillion in 2022 to N12.5 trillion in 2023. The newly released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy…
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An expert, Prof. Sam Adewumi, on Thursday in Ibadan urged the Federal Government to eliminate all impediments to enhanced productivity to salvage the country from economic hardship. Adewumi gave the advice during the celebration of the…
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The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The…
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Group CEO of NNPC Ltd., Mele Kyari has reiterated the company's commitment to resolving Nigeria's energy trilemma, by ensuring energy security, sustainable growth and energy affordability. Kyari disclosed this at the opening ceremony of…
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The Nigeria Labour Congress (NLC) has directed its members in states that are yet to commence the implementation of the new minimum wage to commence an indefinite strike, beginning from December 1, 2024. The directive was part of the…
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Following the announcement of #80,000 minimum wage for workers in Oyo State by Governor Seyi Makinde, the State House of Assembly has commended the Governor for his continuous worker friendly policies and approach. A statement issued and…
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Chairman, Nigeria Labour Congress, NLC Oyo state, Mr Kayode Martins has applauded governor Seyi Makinde for approving eighty thousand naira as minimum wage for workers in the state. Mr Martins stated this during a telephone interview in…
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Nigeria, endowed with some of the largest oil reserves in Africa, is paradoxically wrestling with a deepening oil crisis that threatens its economic stability and national security. Despite its status as a top oil producer, the country…
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The Oyo State Government has approved a minimum wage of ₦80,000 for the State workforce. In a statement by the State Commissioner for Information and Orientation, Prince Dotun Oyelade, the Technical Committee set up by the State…
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The lawmaker representing Ibadan North-West/Ibadan South-West federal constituency of Oyo state at the House of representatives, Hon. Adedeji Dhikrullahi Olajide, has commenced the installation of 100 solar-powered street lights across…
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