By GLEBM News Desk Nigeria’s telecommunications operators are facing renewed cost pressures following another increase in diesel prices, raising concerns that the expense of powering network infrastructure could constrain investment and affect service reliability. The latest increase by Dangote Refinery took its ex-depot diesel price from ₦1,700 to ₦1,800 per litre on October 10. Other…
By GLEBM News Desk The Nigeria Labour Congress (NLC) has issued a two-week ultimatum to the Federal Government to begin renegotiating the national minimum wage, take steps to reduce petrol prices and implement outstanding agreements with public sector and health workers, warning that failure to meet its demands could trigger further action by the labour…
By GLEBM News Desk Only 22 out of 290 primary healthcare centres assessed across six Nigerian states were found to have functional ambulances, raising fresh concerns about the operational readiness of facilities listed as revitalised. The findings are contained in the 2026 PHC Operational Capability Report produced through the MyPHC project of Orodata Science and…
By GLEBM News Desk The Dangote Petroleum Refinery has stopped selling petrol to major petroleum marketers that import fuel, escalating an ongoing dispute over the blending of locally refined petrol with imported products. An official of the refinery confirmed that the company would no longer supply petrol to marketers involved in importing petroleum products, saying…
By GLEBM News Desk The naira recorded a modest appreciation in September as improved foreign exchange liquidity and stronger oil receipts helped reinforce conditions in Nigeria’s currency market, while the country’s external reserves climbed to $54.9 billion. The naira closed September at approximately ₦1,329.16 to the dollar in the Nigerian Foreign Exchange Market, compared with…
By GLEBM News Desk Nigeria’s effort to commercialise gas currently being flared is facing implementation challenges, with about 22 of the 42 companies awarded access to flare-gas resources yet to make significant progress on developing their projects. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, disclosed the development as the Federal Government renewed…
By GLEBM News Desk Multiple taxation, insecurity and high interest rates emerged as the leading constraints confronting Nigerian businesses in September, even as overall private-sector confidence remained positive, according to the latest Central Bank of Nigeria Business Expectations Survey. The survey put Nigeria’s Business Confidence Index at 13.4 points in September, indicating that businesses remained…
By GLEBM News Desk Non-teaching staff at Lagos State University have commenced an indefinite strike over the alleged failure of the Lagos State Government to implement provisions of an agreement covering allowances and other employment conditions. The Senior Staff Association of Nigerian Universities approved the industrial action for its LASU branch after the expiration of…
By GLEBM News Desk The Lagos Chamber of Commerce and Industry has called for measures to limit the impact of global energy-price movements on Nigerian households and businesses, saying the next phase of economic reforms should focus on converting macroeconomic stability into stronger productivity and competitiveness. The chamber made the call in an Independence Day…
By GLEBM News Desk The Coca-Cola system in Nigeria supported approximately 160,200 jobs and generated an estimated $1 billion in economic value in 2024, according to a socio-economic impact assessment conducted by global consultancy Steward Redqueen. The assessment examined the company’s wider economic footprint rather than only its direct workforce, taking into account employment and…
