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Subsidy

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NEWS

Two sisters killed in Ogun building collapse

Abiodun in the Ifo Local Government Area of Ogun State, collapsed and killed their two daughters on Saturday.The incident, it was gathered, occurred due to a mudslide following a downpour.The 16-year-old Suliyat and her 25-year-old elder sister, Nofisat, were trapped in the collapsed building

todaySeptember 11, 2023 21

BUSINESS

NNPCL intensifies anti-theft battle as oil output declines

The Nigerian National Petroleum Company Limited is stepping up efforts to combat oil theft in the Niger Delta, as the country’s oil production continues to plummet, writes OPEOLUWANI AKINTAYO In an update on its fight against crude oil theft in the country in July, the Nigerian National Petroleum Company Limited said it uncovered 162 illegal pipeline connections and illegal refineries in the Niger Delta, mostly in Bayelsa State. In a two-minute […]

todaySeptember 5, 2023 10

BUSINESS

Vandalised pipelines: Marketers predict more fuel queues

Petrol queues lingered across Lagos and Ogun states on Wednesday, just as oil marketers predicted tougher days ahead in terms of product availability. Several motorists were seen on queues at filling stations across the states with some oil sector operators saying the fuel scarcity might not go away any time soon. In an update on the prevailing situation, the Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria, Lagos, […]

todayAugust 31, 2023 11

NEWS

PICTORIAL: Drama as security aide denies Shaibu access to Obaseki

There was a drama in Edo State Government House as security personnel restrained the deputy governor, Philip Shaibu, from assessing the Governor, Godwin Obaseki at a public function on Sunday. In the viral photos on social media platforms, Obaseki was seen sitting with his wife while the security aide stood in front of him to stop the access at the Interdenominational Thanksgiving Church Service to mark Edo’s 32nd year anniversary, […]

todayAugust 28, 2023 11

BUSINESS

Reps probe $9.5bn loss to gas flaring annually

The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has inaugurated an Ad hoc Committee to investigate the alleged $9.05 billion revenue loss from gas flaring in the last decade in Nigeria. Abbas, at the inauguration of the House ad hoc committee on Gas Flaring on Monday, charged the committee to get to the root causes of gas flaring and make recommendations to end the menace. He said that […]

todayJuly 25, 2023 94

BUSINESS

NLC protests Tinubu’s N500bn subsidy palliative, demands 300% pay rise

•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations •N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 […]

todayJuly 13, 2023 11

BUSINESS

Traders, mechanics pay N167bn, decry multiple taxation

Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]

todayJuly 10, 2023 101

NEWS

Ministerial appointment: N’Assembly awaits nominees as Tinubu sends list to DSS, EFCC, others

Expectations on the ministerial list have heightened as President Bola Tinubu clocks over 40 days in office. By law, Tinubu is required to name his cabinet within 60 days after taking the oath of office on May 29 and transmits it to the Senate for confirmation. With less than 18 days to submit his cabinet list to the National Assembly as recommended by the constitution, lawmakers and other Nigerians are […]

todayJuly 10, 2023 18

BUSINESS

Subsidy: Shettima, govs to work on palliatives

As Nigerians grapple with the aftershocks of the fuel subsidy removal, President Bola Tinubu has directed the National Economic Council to come up with inputs on palliatives and  the minimum wage review as part of measures to cushion the pain of subsidy removal. This was as the Trade Union Congress said it was expecting the Federal Government to provide feedback on its demand for N200,000 minimum wage by June 19. […]

todayJune 8, 2023 100

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