Headlines
FG, state to discuss fuel, electricity prices
State governors and delegates from the Nigerian National Petroleum Corporation (NNPC) will have a meeting with the federal government on Thursday over fuel and electricity price hikes.
This disclosure was made by the Minister of Labour, Chris Ngige, during a meeting with journalists.
He stated that the meeting would bring a solution that will address the fears of a spike in the prices of fuel and electricity.
Ngige said, “As for the issue of the price of PMS, it is a work in progress. The governors are to discuss this on Thursday at the National Economic Council and hopefully there will be a way out of the situation.”
Speaking on the report on PMS pricing in the country, the President of the Nigeria Labour Congress (NLC) Ayuba Wabba said that the labour congress was not in agreement with what was contained in the report.
He said, “This means that we import 100 percent of all the PMS used in the country, whereas we have refineries.
“The reports were presented, and we pointed out areas that we are not comfortable with and also made some suggestions which will form the basis of decisions on the matter.”
Just recently, the NNPC dismissed stories of a hike in the price of fuel in the country.
Fuel subsidy: presidency predicts Nigeria will pay a price, borrowings may continue
In a statement, the regulatory body stated that it was still in an ongoing engagement with organised labour to work out a practical framework/
It cautioned marketers to desist from hoarding Premium Motor Spirit (PMS) to avoid artificial scarcity.
Author
Add your voice
0 comments
FuturizeU supports development of innovative healthcare products in Africa
Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...
Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa
The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...
Catalyst Fund Raises First Round of $40 million investment in African Climate Startups
The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....
Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
A Danish football club, Aarhus Fremad announced on Tuesday that it has sold 55 percent of its shares to the...
MRI is increasing survival rate of women with breast cancer- PPC
PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...
Appeal court upholds Senator Ademola Adeleke’s win in Osun
The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...
Lawmaker demands revamp of bank e-payment platforms
The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...
We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC
The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...
Apply for Amazon Accelerator programme for fintech founders
Application closes April 27, 2023 Today, Amazon Web Services’ Startup Loft Accelerator team announced the inaugural launch of its AWS...
Fully Funded Rotary Peace Fellowships for Masters students
Application Deadline: May 15, 2023 Each year, Rotary awards fully funded fellowships for dedicated leaders from around the world to...
