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Babatunji Wusu – The Nigerian National Petroleum Company Limited (NNPC) has officially terminated its exclusive purchasing agreement with Dangote Refinery, thereby opening the market for other petroleum marketers to procure…
Babatunji Wusu – – Financial Savings: Governor Abiodun states President Tinubu saved Nigeria ₦5.4 trillion by removing petrol subsidies. – Subsidy Context: Previous administrations subsidized petrol for neighboring countries, diverting…
Babatunji Wusu – – Wage Implementation: Seventeen states have formed committees to implement the ₦70,000 minimum wage. – Federal Payments: The Federal Government has begun paying the new wage…
Babatunji Wusu – The Federal Government of Nigeria has confirmed that it is not seeking debt forgiveness from China, despite ongoing discussions about debt relief in international forums. This clarification…
babatunji Wusu – – MPR increased from 26.75% to 27.25%. – Cash reserve ratio raised from 45% to 50%. – Unanimous decision aimed at curbing inflation and stabilizing the economy.…
Babatunji Wusu – – The Federal Government warns of imprisonment for employers paying less than N70,000 minimum wage. – The minimum wage is now a legal requirement applicable to all…
Babatunji Wusu- Nigeria’s headline inflation rate dipped to 33.2% in August 2024, showing a modest decline of 1.25 percentage points from July’s 33.4%, according to the latest data. This marks…
Babatunji Wusu – The All Progressives Congress (APC) has shifted the blame for the removal of the fuel subsidy to the Nigerian public, asserting that President Bola Tinubu’s actions were…
Babatunji Wusu – As of June 30, 2024, Nigeria has ascended to become the third-largest debtor to the World Bank’s International Development Association (IDA), surpassing its previous position as the…
