Inflation: FG to Review Minimum Wage - Ngige The Federal Government has revealed it's plan to increase the N30,000 minimum wage in the light of worldwide inflation raving the global economy. The Minister of Labour and Employment, Dr Chris Ngige, disclosed this in Abuja at the...

Subsidy Removal: FG Needs to Win Trust of Nigerians - TUC President Mr Festus Osifo, president of, Trade Union Congress (TUC), says Nigerians are not averse to the removal of subsidy on Premium Motor Spirit (PMS) but waiting for the government to win their trust...

Oil Firms in N5.93tn Bank Debt, Amid Losses, Theft  - CBN Recent data from the Central Bank of Nigeria has revealed that the combined bank borrowing to oil firms operating in the downstream and upstream subsectors of the Nigerian oil and gas industry was N5.93tn...

PENGASSAN To Stop Casualisation In Oil Industry The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure casualisation in the oil and gas sector is reduced to a minimum. According to NAN report, the PENGASSAN President, Festus Osifo, revealed this at a...

Vandalism: Oil Firms’ Bank Borrowing Hit N5.68tn   The Central Bank of Nigeria report has revealed that total bank borrowing of oil firms in the downstream and upstream sectors of Nigeria's oil and gas industry increased by $490 billion from N5.19 trillion in January 2021 to...

PENGASSAN on Fuel Scarcity: Non-Availability of FX Responsible For Crisis The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reported that the inaccessibility of foreign exchange (FX) at the Central Bank of Nigeria rate has greatly contributed to the increase in fuel...