• Petrol price strike by NLC fails in Port Harcourt, Abuja, Lagos

    Petrol price strike by NLC fails in Port Harcourt, Abuja, Lagos

    Many workers yesterday shunned the strike called by a faction of the Nigeria Labour Congress (NLC) led by Ayuba Wabba to protest the increased price of petrol from N86.50 to N145. But there were rallies, which disrupted traffic in some cities.

    All was normal in the Federal Capital Territory (FCT), Abuja – the seat of the government – and in Lagos – the nation’s financial and business engine-room. The oil city of Port Harcourt, capital of Rivers State, and many other […]

  • We will shut down Nigeria if failed to revert the petrol price from N145 to N86 – NLC threatens

    We will shut down Nigeria if failed to revert the petrol price from N145 to N86 – NLC threatens

    According to reports, the Nigerian Labour Congress (NLC) has warned the federal government that it would shut down the economy by Wednesday morning if it failed to revert the pump price of petrol from the N145 per litre to the initial price of N86.50.

    NLC’s National Executive Council (NEC) said this after their meeting at the Labour House, Abuja yesterday. NLC said it will join hands with the Trade Union Congress (TUC) to lead Nigerian workers and their civil society allies to […]

  • Why FG may increase petrol price soon – Marketers

    Why FG may increase petrol price soon – Marketers

    The Federal Government may soon effect an upward review in the pump prices of Premium Motor Spirit, popularly known as petrol, oil marketers have said, attributing this to the recent increase in the cost of crude oil at the international market.

    Crude oil price had fallen below $30 per barrel earlier this year, but as of May 2, 2016, the commodity’s cost rose to $45.83, according to data obtained from the Nigerian National Petroleum Corporation on Saturday in Abuja.

    The oil marketers […]