YPP Faults FG’s 30-Day Fuel Price Cut as Political Gesture
By Anayo Akwitti The Young Progressives Party (YPP) has criticised the Federal Government’s 30-day fuel price reduction, describing it as a temporary political gesture that fails to address the underlying causes of Nigeria’s economic hardship. In a statement signed by its National Publicity Secretary, Comrade Egbeola Wale Martins, the party said the intervention offered only […]
CBN Targets Long-Term Investment Through Stronger Asia Links
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) is seeking stronger financial ties with Asian markets to attract sustained investment and deepen Nigeria’s access to international capital. CBN Governor Olayemi Cardoso stated this at the Nigeria–Asia Financial Connectivity Dialogue in Singapore, where he said the country’s financial reforms were laying the foundation for deeper […]
FG Targets 21% Debt-Service-to-Revenue Ratio by 2030
By Oluwakemi Kindness The Federal Government is targeting a reduction in its debt-service-to-revenue ratio from 62.93 per cent in 2025 to 21.01 per cent by 2030 under its proposed National Development Plan (NDP) 2026–2030. The Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, disclosed this on Thursday in her keynote address at […]
FG Offers 30-Day Petrol Discount at NNPC Stations
By Oluwakemi Kindness The Federal Government has announced a 30-day margin discount on petrol sold at NNPC Limited stations nationwide, with public transport operators to receive priority under the arrangement. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced the measure on Thursday in Abuja at a news briefing on fuel […]
Nigeria’s Crude Oil Production Rises To 1.8m bpd — NNPCL
By Mardiyyah Abubakar Nigeria’s crude oil production has risen to 1.821 million barrels per day (bpd), including condensates, the Nigerian National Petroleum Company Limited (NNPCL) said on Thursday. NNPCL Group Chief Executive Officer, Bayo Ojulari, disclosed this at the 2026 Association of Energy Correspondents of Nigeria (NAEC) Conference in Lagos. Speaking on Ojulari’s behalf, NNPCL […]
NPF Pensions Begins Gratuity Payments to 2026 Police Retirees
By Oluwakemi Kindness NPF Pensions Limited says it has started processing gratuity payments for police officers who retired from 2026. Its Managing Director and Chief Executive Officer, Muhammad Dutse, disclosed this in Abuja on Monday during activities marking the 2026 Customer Service Week. He also said the Federal Government is working on measures to improve […]
NLC Urges FG to Begin New Minimum Wage Talks
By Julian Osamoto The Nigeria Labour Congress (NLC) has called on the Federal Government to expedite negotiations for a new national minimum wage ahead of 2027. NLC President, Joe Ajaero, said the current minimum wage of ₦70,000 had been eroded by inflation and rising living costs. In a statement marking Nigeria’s 66th Independence Anniversary, Ajaero […]
NDIC Warns Against Unlicensed Money Schemes
By Oluwakemi Kindness The Nigeria Deposit Insurance Corporation (NDIC) has warned Nigerians against keeping their money in unlicensed financial schemes, particularly those offering unrealistic returns. The Corporation said the collapse of Ponzi schemes has repeatedly exposed Nigerians to significant financial losses from entrusting their savings to unregulated operators. The Managing Director/Chief Executive of the NDIC, […]
TUC Backs Shehu Mohammed-Led ASCSN
By Chinedu Echianu The Trade Union Congress of Nigeria, TUC, has reaffirmed its recognition of the Association of Senior Civil Servants of Nigeria, ASCSN, leadership led by Comrade Shehu Mohammed. In a circular signed by its Secretary General, Nuhu Toro, the TUC says its position followed the outcome of the ASCSN Delegates Conference held in […]
RMRDC: 30% raw materials law could create 1.2m jobs
By Victoria Victor, Adisa Halima The Raw Materials Research and Development Council, RMRDC says, a proposed law requiring at least 30% local processing of raw materials before export could create more than 1.2 million skilled jobs within five years, Director-General RMRDC, Professor Nnanyelugo Ike-Muonso, said the measure could also help conserve foreign exchange and increase […]