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News - Page 709

PMS Price: Marketers Raise Concerns Over Epileptic Fuel Supply

Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

October 13, 2026

Fuel shortages in Malawi have entered a second week, forcing motorists to sleep in queues at petrol stations and leaving taxi and minibus operators unable to work as supplies dwindle, Prime Business

Africa·News·Top Stories

US-led Operation Disrupts West African Scam Networks, Arrests 28

October 13, 2026

Law enforcement agencies in Ghana and Nigeria arrested 28 people and seized 356 electronic devices in a coordinated international crackdown on online fraud networks targeting victims worldwide, the U.S. Department of Justice

Africa·News·World News

Russia-Ukraine War: Russia Force Sending Nigerian, Other African Students To War For Visa Renewal- Report

Reports have surfaced that Russia is allegedly coercing thousands of migrants and foreign students to fight alongside its troops in the ongoing war against Ukraine in exchange for visa renewals. This claim, reported by Bloomberg, suggests that the Kremlin is using tactics

June 10, 2024

Business News·News

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

Organised labour in Nigeria has firmly rejected the federal government’s proposal for a new minimum wage of ₦62,000 or ₦100,000, describing it as insufficient for the average worker. Chris Onyeka, Assistant General Secretary of the Nigeria Labour Congress (NLC), made the union’s

June 10, 2024

Business News·News

386 Women Win Big At Grooming Splash 2024

The 13th annual Grooming Splash event, organized by Grooming People for Better Livelihood Centre, has concluded with 386 winners, all of whom are women. The reward scheme by Grooming is organized yearly to encourage and empower the lender’s customers to keep transacting

June 10, 2024

Buhari, Jonathan, Shettima Others Celebrate Tinubu At 73

News·Politics

Mixed Reactions As Tinubu Approves Mandate For Office Of Envoy On Climate Action, Expands Green Economy Committee Membership

President Bola Tinubu has approved the mandate for the newly established Office of the Special Presidential Envoy on Climate Action (SPEC). This office will lead Nigeria’s climate-related initiatives, aiming to streamline and enhance the country’s efforts in addressing climate change and advancing

June 10, 2024

Interesting Things To Know Ahead Rebased Inflation Figures

Business News·News

Inflation Rate: Nigeria, US Expect Further Surge As Naira Continues To Struggle

The inflation rate has become a global concern, impacting economies at various levels. In Nigeria, consumer prices accelerated to a near-three-decade high in April, hitting 33.69%. This surge has tightened spending power and led to a cost of living crisis. Central Bank

June 10, 2024

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Business News·Markets·News

Nigerian Stock Market Gains N15.25trn In First 5 Months Of 2024

The Nigerian stock market has made gains in the first five months of 2024, with the overall market capitalisation increasing by N15.25 trillion. This increase brought the total market capitalisation to N56.172 trillion by the end of May 2024, a 37.28 per

June 10, 2024

Vessels Discharge Hitches Causing Fuel Scarcity – NNPC

Business News·News·Oil & Gas

Modular Refineries: How Local Refining May Crash Petrol Price To N300/litre

The price of Premium Motor Spirit (PMS), commonly known as petrol, could drop to about N300 per litre, with the commencement of large-scale production by the Dangote Petroleum Refinery and other local Modular refineries. This was the statement made by operators of

June 10, 2024

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Business News·News·Politics

Minimum Wage: Negotiations To End Today As Labour Awaits Tinubu’s Approval

The ongoing negotiations over Nigeria’s new minimum wage between the Federal Government and Organised Labour are set to conclude today. This comes as the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), await President Bola Tinubu’s decision on their proposed

June 10, 2024

News

Ferdinand Agu Was A Role Model Public Administrator – Ohanaeze

Apex Igbo sociocultural organisation, Ohanaeze Ndigbo Worldwide, has expressed sadness over the sudden death of Dr Ferdinand Agu, a former Director General of the defunct Nigerian Maritime Authority (NMA), now Nigeria Maritime Administration and Safety Agency (NIMSA). Prime Business Africa reports that

June 9, 2024

Business News·News

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

As the Sallah celebrations approach, ram sellers across Nigeria are facing a challenging situation. The combination of economic difficulties, insecurity, and high transportation costs has resulted in low patronage, causing concern among traders. Ibrahim Yusuf, a cattle trader in Ibafo, Ogun State,

June 9, 2024

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UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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News - Page 709

Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

US-led Operation Disrupts West African Scam Networks, Arrests 28

Russia-Ukraine War: Russia Force Sending Nigerian, Other African Students To War For Visa Renewal- Report

Minimum Wage: Labour To Reject N100,000 Proposal By Nigerian Govt As Negotiations Continues On Tuesday

386 Women Win Big At Grooming Splash 2024

Mixed Reactions As Tinubu Approves Mandate For Office Of Envoy On Climate Action, Expands Green Economy Committee Membership

Inflation Rate: Nigeria, US Expect Further Surge As Naira Continues To Struggle

Nigerian Stock Market Gains N15.25trn In First 5 Months Of 2024

Modular Refineries: How Local Refining May Crash Petrol Price To N300/litre

Minimum Wage: Negotiations To End Today As Labour Awaits Tinubu’s Approval

Ferdinand Agu Was A Role Model Public Administrator – Ohanaeze

Sallah: Ram Sellers Lament Low Patronage, Blame Economic Challenges

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Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

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