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The Nigeria Labour Congress (NLC) has strongly condemned the recent 50 per cent increase in telecommunications tariffs, describing it as a “betrayal of trust” and an “affront to the principles of negotiation.” The Central Working Committee (CWC) of the NLC, at its meeting in Lokoja, Kogi State, on Tuesday, 11 February 2025, said the tariff hike, which took effect the same day, violated an earlier agreement reached with the Federal Government and the Nigerian Communications...

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The collapse of the once-thriving textile industries in Kano and Kaduna states that leads to the loss of over 500,000 jobs has become a serious concern to the Speaker of the House of Representatives, Dr. Tajudeen Abbas. Abbas who was speaking at the inauguration of the House Committee on the North West Development Commission (NWDC) at the National Assembly complex yesterday, described the decline as a significant economic setback for Northern Nigeria. “The textile industry...

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…Telecoms increase text message cost to ₦6.00 MTN Nigeria has increased its data prices following the recent approval by the Nigerian Communications Commission (NCC) allowing telecom operators to implement up to a 50 per cent tariff adjustment. The sharp increase, which has sparked widespread outrage among subscribers, saw the price of MTN’s 15GB weekly data plan jump from ₦2,000 to ₦6,000—a 200 per cent hike. Other data plans have also been adjusted, with the 75GB...

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The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit, commonly known as petrol, from ₦950 to ₦890 per litre. The price adjustment takes effect from Saturday, 1st February 2025. A statement issued on Saturday by the refinery’s spokesperson, Anthony Chiejina, described the price review as a “strategic adjustment” influenced by positive developments in the global energy and gas markets, as well as a decline in international crude oil prices....

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The Director-General of the National Youth Service Corps (NYSC), Brigadier General Yushau Ahmed, has assured corps members that they will begin receiving ₦77,000 as their monthly allowance starting from February 2025. Ahmed gave the assurance while addressing the 2024 Batch ‘C’ Stream II corps members in Katsina State. The Federal Government had earlier announced an increase in the monthly allowance from ₦33,000 to ₦77,000 in response to the reviewed minimum wage and rising inflation. However,...

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Ekiti State Government has said that it has maintained a zero borrowing policy in project financing. This was disclosed on Thursday when the government presented a breakdown of the N375.7 billion 2025 Budget signed into law by Governor Biodun Oyebanji on 30th December 2024 to the general public, with a confirmation that the administration has not borrowed a dime to finance its projects. Giving an highlight of the 2025 budget tagged “ Budget of Sustainable...

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The Nigeria Labour Congress (NLC) has announced a nationwide protest scheduled for Tuesday, 4 February 2025, to resist the proposed 50 per cent increase in telecommunication tariffs. In a communiqué issued at the end of its National Administrative Council (NAC) meeting held in Abuja, NLC President, Joe Ajaero, stated that the mass rally would take place in all 36 states of the federation, including the Federal Capital Territory. “To express our collective opposition to this...

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The Association of Local Governments (ALGON) has said 774 local governments in the country are to open dedicated accounts with the Central Bank of Nigeria (CBN) for the direct disbursement of allocations to them from the Federation Account. Bello Lawal Yandaki, National President of the Association, who spoke with reporters in Katsina, the capital of Katsina State said the opening of the account is critical to implementing the Supreme Court ruling on direct allocations to the councils....

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The Nigeria Governors’ Forum (NGF) and the Presidential Tax Reform Committee met on Tuesday, 16 January 2025 to discuss critical fiscal and tax policy reforms, issuing a communique with key resolutions. The Chairman of the NGF and Kwara State Governor, AbdulRahman AbdulRazaq, signed the communique, which emphasised the urgent need to modernise Nigeria’s tax system. “The Forum reiterated its strong support for the comprehensive reform of Nigeria’s archaic tax laws. Members acknowledged the importance of...

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Nigeria’s inflation rate increased for the fourth consecutive month, reaching 34.80 per cent in December 2024, compared to 34.60 per cent recorded in November. This was disclosed by the National Bureau of Statistics (NBS) in its latest report released on Wednesday. The NBS attributed the rise to heightened demand during the festive season, with food and non-alcoholic beverages being the key contributors to the surge. Despite the rise in overall inflation, food inflation slightly eased...

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