NPC Suspends Training For Supervisors, Enumerators

The National Population Commission (NPC) has indefinitely suspended the training for Supervisors and Enumerators earlier scheduled for April 13. This was revealed to journalists on Wednesday in Abuja by Dr. Ipalibo Harry, Chairman Census Committee. He stated that the suspension would not affect the Population and Housing Census exercise slated to hold from May 3 to May 7, 2023.

PENGASSAN- Petrol To Sell At N400 After Subsidy Removal

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo has revealed that after the removal of petroleum subsidy by the government fuel will be sold between N360 and N400. This disclosure was made to journalists on the sidelines of the association's National Executive Council meeting held in the nation's capital on 28th March 2023, after marketers and other groups in the downstream sector of the Nigerian petroleum industry stated that fuel prices will push to N750 per liter after removal of subsidy.

NNPCL Issues Statement About Alleged N20Bn Ghost Consultant Deal

The Nigerian National Petroleum Company Limited (NNPCL) said the publication by an online media outlet about the payment of the sum of N20Bn to ghost consultants was absolutely false and baseless. This was made known in a statement released on Monday by Garba Muhammad, the company’s Chief Corporate Communications Officer, adding that the organization has zero tolerance for fraudulent activities.

CBN Begins Distribution Of Old Naira Notes To Banks

The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the ravaging currency scarcity that has inflicted agony on millions of Nigerians nationwide. The apex bank had directed banks to pick the old N1,000, N500, and N200 notes across its offices nationwide for disbursements to customers.

Naira Loses Against Dollar By 0.46%

The Naira plunged against the dollar on Monday, exchanging for N463.50 per $1 at the investors’ and exporters’ window. The rate represents a decrease of 0.46 percent when compared to the N461.38 it exchanged to the dollar at the close of business on March 31. According to data published by FMDQ, where forex is officially traded, the naira opened trading at N461.70 and closed at N463.50 to a dollar on Monday.

NLC Halts Strike For 2-Weeks In Imo State

The Nigeria Labour Congress (NLC) has halted its industrial action for two weeks after embarking on a strike hence disconnecting the electricity supply in Imo State and at its airport, alleging its government interfering in the electoral process of its new executives. The NLC explained that the suspension of the strike was a result of the intervention by highly respected Nigerians from within and outside Imo state and assurances by agents of the state government to make amends. In a statement signed by Joe Ajaero, its president, the union said the industrial action was called off to enable residents to exercise their right to vote on March 18.

Oil Prices Jump After OPEC+ Announce Surprise Output Cuts

Oil prices have increased after Saudi Arabia and other OPEC+ producers revealed surprise cuts in production on 3rd April 2023. Economists warned that higher oil prices could make it harder to bring down the cost of living. But the RAC motoring group said it does not expect petrol prices to rise unless the higher oil price is sustained over several days. Brent crude, the global benchmark, jumped 5.33% to $84.15 a barrel, while WTI, the US benchmark, rose 5.42% to $79.79. Both were the sharpest price rises in almost a year.

NLC Issues 7-Day Ultimatum To FG Over Cash Crunch, Fuel Scarcity

The Nigeria Labour Congress (NLC) has issued a 7-day ultimatum to the Federal Government to solve the issue of the current menace of cash and fuel scarcity ravaging the nation, hence its workers will embark on a solidarity movement to embark on a sit-at-home protest. The NLC President, Joe Ajero made this declaration on 13th March 2023, while addressing journalists at the Labour House, in Abuja on the outcome of a meeting by the Central Working Committee of the congress. Expressing displeasure the NLC Boss has bemoaned the CBN's cashless policy, which has affected Nigerians negatively, noting that the union has been pushed to the wall.

2022/2023 Deep Offshore Bid: President Buhari Approves Amendment of Timeline

President Muhammadu Buhari has approved the amendment of the timeline for the 2022/2023 Deep Offshore oil block bid round activities. The president approved May 19 as the deadline for the submission of bids while July 28 has been scheduled as the new date to conclude the bidding round. This was made known on Saturday in a statement issued by Engr. Gbenga Komolafe the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

NDLEA Website Crashes As Recruitment Portal Opens

The National Drug Law Enforcement Agency (NDLEA) newly launched website has crashed following the commencement of its recruitment exercise. The agency's recruitment process which began on 12th March 2023 was meant to run through a period of 2 weeks, but applicants are unable to access the website for hours now due to internal server errors. When the Director of Media and Advocacy of the agency, Femi Babafemi; was contacted, he confirmed the development but explained that it was due to glitches resulting from traffic on the website.