Just another News Updates
The Trade Union Congress (TUC) has called for a return to petrol prices last seen before June 2023, citing the need to mitigate the current economic strain on Nigerians. TUC National President, Festus Osifo, made this demand during a press briefing in Abuja on Thursday, emphasizing that the Federal Government must intervene to stabilize the […]
Abubakar Garima, the National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has disclosed that the Nigerian National Petroleum Company Limited (NNPCL) is currently selling Premium Motor Spirit (PMS) to marketers at ₦1,010 per litre from its depot in Lagos State. Garima pointed out that this price is significantly higher than what NNPCL […]
The Federal Government, under President Bola Tinubu, has distanced itself from the recent spike in petrol prices, clarifying that the Nigerian National Petroleum Company Limited (NNPCL) acted independently based on market forces. Recent adjustments have seen petrol prices rise to as much as ₦1,075 per litre in some parts of the country. In the nation’s […]
The Nigeria Labour Congress (NLC) has expressed concern over the recent hike in petrol prices, stating that the increase has nullified the anticipated benefits of the yet-to-be-implemented ₦70,000 national minimum wage. On Thursday, the NLC announced plans to meet with the federal government to discuss strategies for ensuring workers’ survival amidst the rising cost of […]
The Minority Caucus of the House of Representatives has called for the immediate reversal of the recent petrol price increase, warning that it would exacerbate the already dire economic conditions faced by Nigerians. In a statement released on Thursday, the Minority Leader, Kingsley Chinda, emphasized that the unilateral decision to raise the price of Premium […]