Cyrus Ademola, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 09:59:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Cyrus Ademola, Author at Nairametrics 32 32 201037849 Minimum Wage: N250,000 demand not cast in stone – TUC President https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/ https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/#comments Fri, 14 Jun 2024 09:59:31 +0000 https://nairametrics.com/?p=491250 The President of the Trade Union Congress (TUC), Festus Osifo, has said that the N250,000 minimum wage proposal by the organized labour is both negotiable and not necessarily cast in stone.

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]]> https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/feed/ 1 491250 Nigerians face most expensive Sallah in 30 years as price of ram, tomatoes, rice skyrocket   https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/ https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/#respond Fri, 14 Jun 2024 07:05:05 +0000 https://nairametrics.com/?p=491232 Nigerians are bracing up for the most expensive Sallah holidays in over 30 years as prices of essential food items such as rice, tomatoes and ram hit record highs.  

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]]> https://nairametrics.com/2024/06/14/nigerians-face-most-expensive-sallah-in-30-years-as-price-of-ram-tomatoes-rice-skyrocket/feed/ 0 491232 Over 75% of Lagos revenue is internally generated – Sanwo-Olu https://nairametrics.com/2024/06/13/over-75-of-lagos-revenue-is-internally-generated-sanwo-olu/ https://nairametrics.com/2024/06/13/over-75-of-lagos-revenue-is-internally-generated-sanwo-olu/#respond Thu, 13 Jun 2024 11:34:42 +0000 https://nairametrics.com/?p=491182 The Governor of Lagos State, Babajide Sanwo-Olu, has said that more than 75% of the revenue of Lagos is internally sourced rather than depending on federal allocation like other states in Nigeria.

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]]> https://nairametrics.com/2024/06/13/over-75-of-lagos-revenue-is-internally-generated-sanwo-olu/feed/ 0 491182 Our refinery has slashed the price of diesel by over 60% in Nigeria – Aliko Dangote https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/ https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/#respond Thu, 13 Jun 2024 08:45:10 +0000 https://nairametrics.com/?p=491169 Aliko Dangote, Africa’s richest individual, announced that the supply of diesel from his Dangote Refinery has caused a roughly 60% decrease in the commodity’s price in the local market.

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]]> https://nairametrics.com/2024/06/13/our-refinery-has-slashed-the-price-of-diesel-by-over-60-in-nigeria-aliko-dangote/feed/ 0 491169 We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko Dangote   https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/ https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/#respond Thu, 13 Jun 2024 06:40:21 +0000 https://nairametrics.com/?p=491152 Africa’s richest individual, Aliko Dangote, has revealed that his company secured in bank loans a swooping sum of about $5.5 billion to build the Dangote refinery.  

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]]> https://nairametrics.com/2024/06/13/we-secured-about-5-5-billion-in-bank-loans-to-build-dangote-refinery-aliko-dangote/feed/ 0 491152 Dangote Refinery to set up terminal in the Caribbean for export of petroleum products  https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/ https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/#comments Thu, 13 Jun 2024 06:18:40 +0000 https://nairametrics.com/?p=491154 Dangote Refinery is planning to set up a terminal in the Caribbean to export petroleum products to countries in the North American region.  

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]]> https://nairametrics.com/2024/06/13/dangote-refinery-to-set-up-terminal-in-the-caribbean-for-export-of-petroleum-products/feed/ 1 491154 Again, vandals destroy TCN towers in northeast barely one week after reconstruction   https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/ https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/#respond Thu, 13 Jun 2024 04:34:59 +0000 https://nairametrics.com/?p=491150 The Transmission Company of Nigeria has confirmed the destruction of two of its towers in the northeast, barely a week after their restoration. 

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]]> https://nairametrics.com/2024/06/13/again-vandals-destroy-tcn-towers-in-northeast-barely-one-week-after-reconstruction/feed/ 0 491150 Foundation of Nigeria’s economy flawed by over-reliance on oil revenues — Tinubu https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/ https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/#respond Wed, 12 Jun 2024 16:33:16 +0000 https://nairametrics.com/?p=491145 President Bola Tinubu said Nigeria’s economy is flawed because of its reliance on exploitation of oil revenues alone.

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]]> https://nairametrics.com/2024/06/12/foundation-of-nigerias-economy-flawed-by-over-reliance-on-oil-revenues-tinubu/feed/ 0 491145 New minimum wage bill to be sent to National Assembly soon – Tinubu https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/ https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/#respond Wed, 12 Jun 2024 13:18:29 +0000 https://nairametrics.com/?p=491139 President Bola Tinubu has said that a new minimum wage bill will be sent to the National Assembly for approval as the law for the next five year in Nigeria very soon.

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]]> https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/feed/ 0 491139 FG declares June 12 public holiday to mark democracy day in Nigeria https://nairametrics.com/2024/06/11/fg-declares-june-12-public-holiday-to-mark-democracy-day-in-nigeria/ https://nairametrics.com/2024/06/11/fg-declares-june-12-public-holiday-to-mark-democracy-day-in-nigeria/#respond Tue, 11 Jun 2024 09:54:14 +0000 https://nairametrics.com/?p=491057 The Federal Government has declared Wednesday, June 12, a public holiday to commemorate the 2024 Democracy Day celebration.

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]]> https://nairametrics.com/2024/06/11/fg-declares-june-12-public-holiday-to-mark-democracy-day-in-nigeria/feed/ 0 491057 NNPC seals offshore agreement with North American firm to float LNG in Niger Delta https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/ https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/#respond Tue, 11 Jun 2024 07:05:28 +0000 https://nairametrics.com/?p=491040 The Nigerian National Petroleum Corporation (NNPC) Limited has signed a significant deal with a North American firm, Golar LNG, to float Liquefied Natural Gas (LNG) offshore in Niger Delta region.

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]]> https://nairametrics.com/2024/06/11/nnpc-seals-offshore-agreement-with-north-american-firm-to-float-lng-in-niger-delta/feed/ 0 491040 Dangote Refinery moves date of production of petrol from June to mid July https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/ https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/#respond Tue, 11 Jun 2024 06:13:01 +0000 https://nairametrics.com/?p=491033 Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July.

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]]> https://nairametrics.com/2024/06/11/dangote-refinery-moves-date-of-production-of-petrol-from-june-to-mid-july/feed/ 0 491033 Nigeria’s earnings from crude oil export rise by 50.2% to N15.4 trillion in Q1 2024 https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/ https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/#respond Mon, 10 Jun 2024 14:54:59 +0000 https://nairametrics.com/?p=491008 The value of Nigeria’s crude oil export earnings increased by 50.2% in the first quarter of 2024 to N15.4 trillion, according to data from the Nigeria Bureau of Statistics (NBS).

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]]> https://nairametrics.com/2024/06/10/nigerias-earnings-from-crude-oil-export-rise-by-50-2-to-n15-4-trillion-in-q1-2024/feed/ 0 491008 State Governors propose complete phasing out of electricity subsidy across Nigeria   https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/ https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/#comments Mon, 10 Jun 2024 08:03:58 +0000 https://nairametrics.com/?p=490956 The thirty-six State governors of Nigeria have recommended the phasing out of electricity subsidy in the country to ensure liquidity in the power sector. 

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]]> https://nairametrics.com/2024/06/10/state-governors-propose-complete-phasing-out-of-electricity-subsidy-across-nigeria/feed/ 1 490956 Nigeria incurs N2.6 trillion on fuel imports in first quarter of 2024 up 46%  https://nairametrics.com/2024/06/09/nigeria-incurs-n2-6-trillion-on-fuel-imports-in-first-quarter-of-2024-up-46/ https://nairametrics.com/2024/06/09/nigeria-incurs-n2-6-trillion-on-fuel-imports-in-first-quarter-of-2024-up-46/#respond Sun, 09 Jun 2024 08:35:43 +0000 https://nairametrics.com/?p=490914 Nigeria’s expenditure on motor spirit (also known as fuel) soared to N2.6 trillion in the first quarter of 2024, representing a 46% increase from the fourth quarter of 2023. 

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]]> https://nairametrics.com/2024/06/09/nigeria-incurs-n2-6-trillion-on-fuel-imports-in-first-quarter-of-2024-up-46/feed/ 0 490914 Governors plan to license new DisCos to boost electricity across 36 States   https://nairametrics.com/2024/06/09/governors-plan-to-license-new-discos-to-boost-electricity-across-36-states/ https://nairametrics.com/2024/06/09/governors-plan-to-license-new-discos-to-boost-electricity-across-36-states/#respond Sun, 09 Jun 2024 06:14:12 +0000 https://nairametrics.com/?p=490903 The Nigeria Governors’ Forums said it plans to license new players in the distribution segment of the power sector, aiming to bolster electricity supply across the 36 States. 

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]]> https://nairametrics.com/2024/06/09/governors-plan-to-license-new-discos-to-boost-electricity-across-36-states/feed/ 0 490903 MultiChoice Nigeria announces plans to appeal tribunal’s N150 million fine, free subscription https://nairametrics.com/2024/06/08/multichoice-nigeria-announces-plans-to-appeal-tribunals-n150-million-fine-free-subscription/ https://nairametrics.com/2024/06/08/multichoice-nigeria-announces-plans-to-appeal-tribunals-n150-million-fine-free-subscription/#respond Sat, 08 Jun 2024 11:40:16 +0000 https://nairametrics.com/?p=490867 MultiChoice Nigeria has stated its plans to appeal the ruling from the Competition and Consumer Protection Tribunal in Abuja on Friday.

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]]> https://nairametrics.com/2024/06/08/multichoice-nigeria-announces-plans-to-appeal-tribunals-n150-million-fine-free-subscription/feed/ 0 490867 EEDC to disconnect Government Houses, CBN offices, others in Southeast over N180 billion debt  https://nairametrics.com/2024/06/07/eedc-to-disconnect-government-houses-cbn-offices-others-in-southeast-over-n180-billion-debt/ https://nairametrics.com/2024/06/07/eedc-to-disconnect-government-houses-cbn-offices-others-in-southeast-over-n180-billion-debt/#respond Fri, 07 Jun 2024 14:27:11 +0000 https://nairametrics.com/?p=490838 The Enugu Electricity Distribution Company (EEDC) has issued a disconnection notice to government establishments like Government Houses, the Central Bank of Nigeria (CBN) offices, and Nigerian Army facilities in the southeast over N180 billion outstanding debt.  

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]]> https://nairametrics.com/2024/06/07/eedc-to-disconnect-government-houses-cbn-offices-others-in-southeast-over-n180-billion-debt/feed/ 0 490838 FG allocates N20 Billion for DisCos to meter Band A customers in 3 Months – Adelabu https://nairametrics.com/2024/06/07/fg-allocates-n20-billion-for-discos-to-meter-band-a-customers-in-3-months-adelabu/ https://nairametrics.com/2024/06/07/fg-allocates-n20-billion-for-discos-to-meter-band-a-customers-in-3-months-adelabu/#respond Fri, 07 Jun 2024 12:36:28 +0000 https://nairametrics.com/?p=490824 The Minister of Power, Adebayo Adelabu, said the federal government has released a total of N20 billion to the power distribution companies (DisCos) for the procurement of meters for unmetered Band A customers in the next three months.

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]]> https://nairametrics.com/2024/06/07/fg-allocates-n20-billion-for-discos-to-meter-band-a-customers-in-3-months-adelabu/feed/ 0 490824 How FG recovered N12.7 billion metering funds from local supplier after 21 years – Adelabu  https://nairametrics.com/2024/06/07/how-fg-recovered-n12-7-billion-metering-funds-from-local-supplier-after-21-years-adelabu/ https://nairametrics.com/2024/06/07/how-fg-recovered-n12-7-billion-metering-funds-from-local-supplier-after-21-years-adelabu/#comments Fri, 07 Jun 2024 12:05:55 +0000 https://nairametrics.com/?p=490819 The Minister of Power, Adebayo Adelabu, has revealed how his ministry recovered the sum of N12.7 billion from a local supplier 21 years after payment by the federal government.  

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]]> https://nairametrics.com/2024/06/07/how-fg-recovered-n12-7-billion-metering-funds-from-local-supplier-after-21-years-adelabu/feed/ 2 490819