NLC Rejects Proposed N5,000 Stipend To Replace Petrol Subsidy   The Nigeria Labour Congress (NLC) has rejected the proposed N5,000 for 40 million poor Nigerians when the subsidy on Petroleum Motor Spirit (PMS) is removed. NLC President, Ayuba Wabba, said in Abuja last night that there are...

FG Can’t Regulate Rising Cooking Gas Price - Sylva   The Federal Government has said it has no direct control over the rising prices of Liquefied Petroleum Gas, popularly called cooking gas, and cannot regulate it at will. It, however, stated that it was making efforts to...

FG To Replace Fuel Subsidy With N5,000 Transport Grant To Nigerians The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will remove fuel subsidy by 2022 and replace it with a N5,000 monthly transportation grant to the poorest...

Experts Blame 2023 Elections For N4.1tn Rise In Recurrent Expenditure   The Federal Government has recorded a N4.18tn increase in its recurrent expenditure in the past six years with experts linking the significant rise especially in the 2022 budget proposal to the upcoming 2023 elections, naira...

Fed Govt To Pay Consultants N895m For N27bn Rivers Road Construction   The Federal Executive Council, presided over by President Muhammadu Buhari on Wednesday approved contracts worth N27.4bn for projects in the Ministry of Works and Housing, and the Federal Capital Territory. The council also approved the...

FG To Mandate Ownership Disclosure Of Oil Assets To Curb $1trn Losses   The Federal Government, through the recently established Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday, said it would become compulsory for oil and gas companies operating in the country to disclose their owners under...