Oil Theft: IG Appoints New Commander for Petroleum Taskforce  The Inspector General of Police, Kayode Egbetokun, has appointed Deputy Commissioner of Police, Bayonle Sulaiman, as the new Commanding Officer in charge of the Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering. Egbetokun on...

Just In: Tinubu Approves N70,000 Minimum Wage President Bola Tinubu has approved N70,000 minimum wage for Nigerian workers, promising to review the national minimum wage law every three years. Mohammed Idris, Minister of Information, announced this at the Presidential Villa in Abuja, on Thursday. According to Idris,...

Reps Pledge 50% of Salaries to Cushion Economic Hardship The House of Representatives on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country. During a plenary session presided over by Speaker Tajudeen Abbas, Deputy...

IOCs Sell Crude at $4 Per Barrel Above Official Rate, Hike Petrol Price — Dangote The Dangote Industries Limited (DIL) said local petrol prices will continue to increase as trading arms offer cargoes at $2-$4 per barrel above the Nigeria Upstream Petroleum Regulatory Commission (NUPRC)...

Senate Approves Tinubu’s N6.2tn Budget Injection as 2024 Budget Hits N33.7tn The National Assembly has approved Tinubu’s N6.2 trillion budget request, enhancing capital and recurrent expenditure. The two chambers of the National Assembly, on Wednesday, gave accelerated consideration and approval to President Bola Tinubu’s request for...

Average FX Turnover Rises 180% to $240m in One Year – CBN Data from the Central Bank of Nigeria has revealed that the average foreign exchange turnover grew by 180.47 per cent in one year to $240.64m as of the end of February. This is an...