NLC slams IMF for fuel subsidy removal denial

NLC slams IMF for fuel subsidy removal denial

The Nigeria Labour Congress has criticised the International Monetary Fund for its denial of responsibility regarding the Nigerian government’s recent removal of subsidy on petrol. The congress describes the denial as cynical and emblematic of the IMF and World Bank’s longstanding pattern of imposing harsh economic policies on developing nations. In a statement on Sunday, NLC National President, Joe Ajaaero, criticised the IMF for presenting its harmful recommendations as growth […]

October 28, 2024 26

BUSINESS

Again, varsities face lockdown as workers begin strike today

n, varsities face lockdown as workers begin strike today •Non-teaching staff shut varsities offices, gates, ministry mum as minister quits Wednesday The Joint Action Committee of the Non-Academic Staff Union of Educational and Associated Institutions and the Senior Staff Association of Nigerian Universities has vowed to indefinitely shut down all activities in universities across the country from Monday (today) when they embark on an indefinite strike. A statement signed by […]

October 28, 2024 19

NEWS

ICYMI: Court stops JAMB from restricting underage students

The Delta State High Court in Warri has issued an order restraining the Joint Admission and Matriculation Board from implementing its recent policy requiring a minimum admissible age of 16 years for university admissions in the country pending the hearing and determination of the motion on notice filed against the board. JAMB, in a statement on October 16, stated that only candidates who will be 16 years old by August 2025 […]

October 28, 2024 15

NEWS

Ondo election: Akande, Abiodun, others chair campaign sub-committees

The National Chairman of the ruling All Progressives Congress, Abdullahi Ganduje and the National Working Committee have approved the composition of sub-committees to steer the party’s efforts toward securing victory at the upcoming governorship election in Ondo State. The Ondo governorship election is slated to be held on November 16. In the list signed by the APC National Organising Secretary, Sulaiman Argungu, on Monday, the former Governor of Osun State, […]

October 28, 2024 12

NEWS

IFC, CBN sign deal to boost local currency financing in Nigeria

The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an agreement to scale up local currency financing, unlocking over $1bn in investments across key sectors of the Nigerian economy. This was according to a joint press statement from the IFC and the CBN on Monday. The agreement, signed by IFC Managing Director Makhtar Diop and CBN Governor Yemi Cardoso, will […]

October 28, 2024 12

NEWS

Hunter found dead in Ogun forest with bullet wounds

A hunter simply identified as Femi has been found dead with bullet wounds in a forest in the Ijebu Igbo area of Ogun State.

October 28, 2024 9

NEWS

Tinubu didn’t appoint self petroleum minister, says Onanuga

The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has dismissed reports that the president is Nigeria’s substantive petroleum minister. Onanuga made the rebuttal on Sunday while fielding questions on Sunday’s edition of Channels Television’s Politics Today programme. When asked if the president hopes to hold on to his job as the ‘Minister of Petroleum,’ Onanuga fumed, saying the president had never addressed himself with such […]

October 28, 2024 14

NEWS

Canadian lady jailed 11 years for importing 35.20kg cannabis

The Federal High Court in Lagos on Wednesday convicted and sentenced a 41-year-old Canadian lady, Adrienne Munju, to 11 years imprisonment for importing 35.20 kilogrammes of Canadian Loud (Cannabis Sativa) into Nigeria. Justice Dehinde Dipeolu who handed down the verdict also gave her an option of N100m fine on the two counts preferred against her by the National Drug Law Enforcement Agency. The judge convicted and sentenced Munju following her […]

October 24, 2024 13

NEWS

Dangote refinery begins direct petrol sale to marketers

The Dangote Petroleum Refinery has started supplying Premium Motor Spirit, popularly called petrol, to some oil marketers directly without recourse to the Nigerian National Petroleum Company Limited. It was gathered that while more oil marketers were intensifying efforts to buy the product directly from the plant, others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time.

October 24, 2024 4

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