Index to Nigerian Newspapers

The Nigerian National Petroleum Company (NNPC) Ltd has assured Nigerians that there is no imminent increase in fuel pump price. It urged Nigerians to disregard rumours of imminent fuel price increament and assures them that there are no plans for an upward review of fuel price. Chief Corporate Communications Officer NNPC Ltd, Olufemi O. Soneye, made the disclosure in a statement yesterday. He said: "Motorists nation- wide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country". Meanwhile, the Group Chief Executive Officer, NNPC Ltd, Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and other banking services with the CBN. This was contained in a joint statement by the NNPC Ltd and the Central Bank of Nigeria (CBN) on banking relationship. It was titled: "NNPC, CBN to Strengthen Relationship to Guarantee Seamless Commercial Operation".

The Nigeria Labour Congress and the Trade Union Congress of Nigeria counterpart have issued a 14-day nationwide strike notice to the Federal Government over the failure of the Bola Tinubu-led government to implement the agreements reached on October 2, 2023, following the removal of the subsidy on Premium Motor Spirit known as petrol. Leaders of the NLC and TUC are sad that despite organised labour's efforts to ensure industrial peace, the government seems unperturbed by the mass suffering and hardship across the country. The October 2 agreement was focused on addressing the massive suffering and the general harsh socioeconomic consequences of the ill-conceived and ill-executed IMF/World Bank-induced hike in the price of PMS and the devaluation of the naira. These dual policies have had, as we predicted, dire economic consequences for the masses and workers of Nigeria, the statement by the unions said on Thursday. Effective February 9 (tomorrow), among others, the two labour unions said, constrained by this development and recognising the urgency of the situation and the imperative of ensuring the protection and defence of the rights and dignity of Nigerian workers and citizens, the NLC and TUC hereby issue a stern ultimatum to the Federal Government to honour their part of the understanding within 14 days from tomorrow, the 9th day of February 2024.