Day: May 30, 2023

Subsidy Removal: MOMAN, IPMAN, DAPPMAN Confirm Possible Price Adjustment

Efe Wellington

. Why We appreciated clarity of policy from Tinubu administration — MOMAN, DAPPMAN   The Independent Petroleum Marketers Association of Nigeria, IPMAN, as well as the Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) have applauded and endorsed the pronouncement by President Bola Ahmed Tinubu, on the phase-out of the petrol subsidy regime. In a statement in Lagos, the Marketers, appreciated the clarity of policy from the Tinubu administration, a direction that signals a courageous and pragmatic shift in the nation’s economic…

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Tinubu, Labour Unions To Meet As Petrol Prices Skyrocket

Abibat Babalola

President Bola Tinubu has invited the leadership of the organised labour bodies: Trade Union Congress and Nigeria Labour Congress for a meeting, Platforms Africa reports.  The meeting is to douse the brewing tension within the labour circle and anxiety among members of the public over the announcement of a total removal of subsidy by the President. Recall that Tinubu declared total removal of fuel subsidy during the inaugural speech on Monday. And many reactions, developments and moves by various stakeholders have trailed the announcement. This has also led to skyrocketing…

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TASUED Shut For Two Weeks Over Students, Community Clash

Ganiyu Amodu

The management of the Tai Solarin University of Education, Ijagun, Ogun State has approved a two weeks closure of the school. The management had earlier shut down the school following the bloody clash between the host community, Imaweje and students living in the community. The clash had led to the death of one of the students while four houses including that of the community leader and a bakery were set ablaze. READ ALSO: ASUU: Court Upholds FG’s ‘No Work No Pay’ Policy BREAKING: Tinubu Resumes At Aso Rock, Meets With…

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ASUU: Court Upholds FG’s ‘No Work No Pay’ Policy

Ganiyu Amodu

The National Industrial Court, has upheld the no work no pay policy by the Federal Government in the suit filed against the Academic Staff Union of Universities (ASUU). According to the court, the no work no pay rule enforced by the Federal Government against members of ASUU who went on strike last year is perfectly legal. In a judgement delivered by the President of the Court, Justice Benedict Kanyip, the court held that it is within the right of the Federal Government to withhold salaries of workers who embark on…

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BREAKING: Tinubu Resumes At Aso Rock, Meets With Emefiele, Kyari

Ganiyu Amodu

President Bola Tinubu on Tuesday met with the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele and the Group Chief Executive Officer, of the Nigeria National Petroleum Company Limited, NNPCL, Mr. Mele Kyari at the Presidential Villa, Abuja. This was the first official assignment by the President after his inauguration as the 16th President of the country at Eagle Square, Abuja He arrived at the forecourt of the State House at about 2:30 pm through the quarter guard gate, which is his official entrance gate and was…

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‘Joke Taken Too Far,’ TUC Rejects Tinubu’s Fuel Subsidy Removal

Ganiyu Amodu

The Trade Union Congress of Nigeria, TUC, has rejected the removal of fuel subsidy as announced by President Bola Tinubu during his swearing-in ceremony on Monday. TUC in a statement by its President and Secretary General, Festus Osifo and Nuhu Toro, respectively, warned that it is a joke taken too far. The body while assessing the President’s inaugural speech, said “TUC is delighted by the peaceful transition from the Muhammad Buhari government to the Bola Tinubu administration and across the 28 states of the federation. We congratulate Nigerians and the…

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Ex-Finance Minister Insists Nigeria Can Service N46tn Debt

Abibat Babalola

The former Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the public debts remain sustainable as the country has adequate capacity to repay its debts. While speaking at her valedictory ceremony in Abuja, Ahmed said, “Despite revenue challenges, government consistently met its debt service commitments, while post-financing assessments showed adequate capacity to repay loans.” However, speaking at the launch of the World Bank’s Nigeria Development Update titled, ‘The urgency for business unusual’, the finance minister admitted that Nigeria struggled to service its debt. READ ALSO: DSS…

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DSS Storms EFCC’s Lagos Office, Claims Ownership Of Building

Abibat Babalola

Officials of the Department of State Services (DSS) have stormed the Lagos State office of the Economic and Financial Crimes Commission (EFCC), claiming ownership of the building located at No 15A Awolowo Road in Lagos. Sources, who did not want their name in print told Channels Television that the DSS officials arrived in Lagos on Monday and parked on the road leading to the EFCC office. EFCC staff was said to have gone about their work peacefully thinking that the DSS operatives were there to maintain peace for the inauguration which was…

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BREAKING! Nigerian Billionaire, Ramon Adedoyin, Sentenced to Death

Gbenga Adeoti

    “He is found guilty of the gruesome murder of Adegoke, a post graduate student of Obafemi Awolowo University, ” Court rules     Osun State High Court has found Ramon Adedoyin, the founder of Oduduwa University, guilty of the murder case of Timothy Adegoke. The court, under the ruling of Judge Adepele Ojo, sentenced Adedoyin, who is also the owner of the Hilton hotel, to death by hanging on Tuesday. He was, according to the court, guilty of the gruesome murder of Adegoke, a postgraduate student of Obafemi…

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I’m Not Aware Of Any Presidential Handover, I Was Enjoying My Sleep – Adebanjo

Abibat Babalola

Elder statesman and leader of the Yoruba socio-cultural group, Afenifere, Ayo Adebanjo, has refused to recognise the handing over of presidential power and inauguration of the Bola Ahmed Tinubu administration. Pa Adebanjo in a chat with AF24NEWS on Monday, faulted former president Mohammed Buhari’s handing over to Tinubu, whose purported election victory is being contested at the courts. He said, “What handover are talking about? What are you handing over? I was enjoying my sleep. What are we going to receive from Buhari? What is he going to say that…

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