PENGASSAN accuses Chevron of planning to sack 600 workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria said on Friday that it will resist the planned retrenchment of 600 workers by Chevron Nigeria Limited. Chevron Nigeria Limited…

Electricity consumers groan as Discos delay tariff hike reversal

Against the backdrop of the suspension by the Federal Government of the recent electricity tariff hike, electricity consumers lamented on Wednesday the delay by the distribution companies in reverting to…

BUHARI WANTS ITAKPE-WARRI RAIL LINE LINKED TO PORTS

The President, Major General Muhammadu Buhari (retd.), on Tuesday virtually inaugurated the 326-kilometre Itakpe-Ajaokuta-Warri rail line for commercial operation and directed the Ministry of Transportation to ensure that all the…

Rice production has increased by 1.2 million metric tonnes –FG

The Federal Government on Monday said its interventions in the rice value chain led to an increase in rice production in Nigeria by 1.2 million metric tonnes within three years.…

Stock market extends weekly gains by N390bn

The Nigerian equity market extended its weekly gains by N390bn last week. The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated by 2.92 per cent to close the week…

51,974 informal sector workers get pension accounts

A total of 51,974 informal sector workers have registered for the Micro Pension Plan under the Contributory Pension Scheme since it was launched by the Federal Government in March 2019.…

32 states not remitting workers’ contributory pensions – PenCom

While five states are regularly funding the accrued rights and Retirement Savings Accounts of their workers under the Contributory Pension Scheme, all the states have backlog of arrears that make…

Power generation hits 4,312MW, 16 plants record increase

Electricity generation in the country rose by 979.2 megawatts on Sunday to 4,312.1MW as 16 power plants saw an increase in their output. The number of idle plants dropped to…

TOURISM : A CORE BEDROCK OF RURAL DEVELOPMENT ~UCHE UGWU

The world tourism day, slated to annually occur on the 27th of September every year, however to commemorate this year’s celebration, Events has been scheduled to occur in Enugu state,…

Petrol forex subsidy gulped N2.13tn in four years — NNPC

The Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has said that the government spent N2.13tn from 2016 to 2019 as subsidy on foreign exchange for marketers.…