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President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

Nigerian government, labour to continue dialogue Monday over planned strike

The meeting between the Federal Government and the Organised Labour over the recent hike in fuel price and electricity tariff has been postponed till Monday, Sept. 28, for further deliberation, newsmen report.
Dr Chris Ngige, Minister of Labour and Employment said this while fielding questions on television concerning the time for payment of the new wage.

Nigerian government, labour meet Thursday over electricity, fuel hike

The Federal Government will on Thursday meet again with the Nigeria Labour Congress and Trade Union Congress on the threat by the organised labour to proceed on an indefinite strike and protest over the hike in electricity tariffs and fuel pump price.
5000bpd Modular Refinery in Ibigwe, Imo State.

Nigeria: We’ll get fuel at cheaper price soon – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, made the revelation at Ibigwe in Ohaji Egbema Local Government Area of Imo State during a media tour of the Waltersmith Modular Refinery and Petro-Chemical Company Limited, which is due for commissioning next month.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Forex, uncertainty responsible for lack of fuel import by marketers

The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import.
The Central Bank of Nigeria (CBN), said more than one million smallholders farmers had access to finance through its Anchor Borrowers Programme.

AFAN: Inadequate rain, big challenge for Southwest farmers

John Olateru, Oyo State Chairman, All Farmers Association of Nigeria (AFAN), on Tuesday said that inadequate rainfall was a big challenge for farmers in the South-West this year.
Nigeria Labour Congress (NLC)

NLC rejects hike in fuel price as marketers sell for N161

The Nigeria Labour Congress has rejected the increase in price of Premium Motor Spirit, also known as petrol, from N148.50 per liter to N151.56 per litre.

PDP rejects N151 fuel price, hike in electricity tariff

The Peoples Democratic Party (PDP) vehemently rejects the fresh increase in the price of fuel to N151 per liter and electricity tariff to N66 per kwh under the All Progressives Congress (APC) and its government, describing such as callous, cruel and punishing.
Managing Director of Aero Contractors, Captain Ado Sanusi, yesterday faulted the claims that the disputed Bombardier Dash 8 Q300 jets were stolen at the Lagos airport.

Aviation stakeholders want ground handling coys to consider price adjustments

Stakeholders in the aviation industry have urged the ground handling services to consider price adjustment instead of price increase, in order to survive the effects of the current raging COVID-19 pandemic in Nigeria.
Nigerian National Petroleum Corporation (NNPC)

IPMAN suspends planned strike over fuel price

The Independent Petroleum Marketers Association of Nigeria in South West on Wednesday announced the suspension of its planned strike.

Petrol price: We’ll stop supplying fuel – IPMAN

The Independent Petroleum Marketers Association of Nigeria, South West, has threatened to stop loading petroleum products in all depots in the region in protest against the recent increase in the price of petrol.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Bonny Light price bounces back to $40 as OPEC, GECF meet over oil market

The price of Bonny Light, Nigeria’s Bonny Light, has bounced back to $40 per barrel, as the Organisation of Petroleum Exporting Countries, OPEC and the Gas Exporting Countries Forum, GECF, have ended a successful engagement over the oil market.
The Department of Petroleum Resources (DPR), Osogbo field Office, has sealed 15 Liquefied Petroleum Gas (LPG) skid stations for operating without valid licences.

DPR seals petrol station over pump price violation in Yola

The Department of Petroleum Resources (DPR) has sealed a filling station in Yola for allegedly violating the Federal Government new petroleum pump price directive.
The Chairman of the Foundation’s Board, Dr Chiwuike Newington Uba, gave the advice in a statement on Tuesday in Enugu.

ACUF: Nigeria’s economic sustainability plan bold step but not feasible

The ACUF Board Chairman, Dr Chiwuike Uba, who stated this in a statement on Tuesday, commended the Federal Government for conceptualising a policy response needed to jumpstart Nigeria’s economy after COVID-19 pandemic.

Oil price rises to $25 as US inventories drop

Crude oil price is set to end the nightmare of producers as it rose for the second day thursday by 13.8 per cent to $25.65 per barrel.
The Petroleum Products Pricing Regulatory Agency (PPPRA) is set to commence a comprehensive audit and survey of downstream oil and gas logistic facilities, with a view to identifying the infrastructure gap in the sector

PPPRA: Nigerians should be ready to pay higher for fuel

Executive Secretary, the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, has said Nigerians should be ready to pay high or low prices for petrol following the price liberalisation scheme currently in place.
OPEC and its oil allies reached agreement Sunday to cut global production by 9.7 million barrels a day starting May 1, to shore up the world price in the face of a significant drop in the demand for oil because of the coronavirus pandemic.

OPEC daily basket price stands at $14.63 per barrel

The Organisation of the Petroleum Exporting Countries (OPEC) daily basket price stood at 14.63 U.S. dollars a barrel on Tuesday, compared with 14.19 dollars on Monday.

Bill Gates asks G-20 members to fund development of anti-coronavirus vaccine

In order for the world to better contain the spread of the coronavirus, leaders of the Group of 20 (G-20) major economies should provide more funding to develop a vaccine, Bill Gates said.

NNPC to hands-off refineries management, adopt NLNG model

The Nigerian National Petroleum Corporation (NNPC), yesterday, stated that it would no longer be involved in the management of the country’s refineries after their ongoing rehabilitation.

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NERC: Coronavirus affected DisCos’ collection efficiency, remittance in Q1 2020

The Nigerian Electricity Regulation Commission (NERC) on Tuesday said that the COVID-19 pandemic affected collection efficiency and remittance by the 11 Electricity Distribution Companies (DisCos) in the first quarter of 2020.
Johnny Depp will be awarded the Camerimage Award for “an actor with unique visual sensitivity” at the EnergaCamerimage Film Festival. “Minamata,” starring Depp, will be the closing film of the 28th edition of the event.

Johnny Depp to be honored at Camerimage, ‘Minamata’ to Open Film Festival

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Macao film festival unveils line-up for Iffam Project Market

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Liverpool manager Jurgen Klopp has continued to stand firm on his belief that his side have not yet wrapped up the Premier League title, despite going 19 points clear at the top of the table.

Liverpool boss hails innovative FC Midtjylland, Danish players

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The Ministry of Humanitarian Affairs, Disaster Management and Social Development has refuted claim that the Minister, Hajiya Sadiya Umar Farouq, was reprimanded by the Presidency. 15

Looting: I forgive my accusers – minister

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar-Farouq, says she has forgiven those who accused her of hiding COVID-19 palliatives meant for the poor.