Author: Vardiafrica

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has secured an agreement with Dangote Refinery to lift products directly. IPMAN National President, Abubakar Garima, announced this in Abuja on Monday after a meeting of the National Working Committee of the Association. He said the partnership will ensure steady, and affordable supply of PMS products nationwide. Girima said After meeting with Aliko Dangote and his management team in Lagos, “we’re pleased to announce that Dangote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our depots and retail outlets.” Garima urged IPMAN members to support…

The Nigeria Labour Congress (NLC) has directed its members in states that are yet to commence the implementation of the new minimum wage to commence an indefinite strike, beginning from December 1, 2024 The directive is part of the resolutions of the NLC after its National Executive Council (NEC) meeting at the weekend. “The NEC notes with deep frustration the persistent delay and outright refusal by some state governments to implement the 2024 National Minimum Wage Act. This betrayal by certain governors and government officials across the country flies in the face of both legality and morality, as workers continue…

Russia and Ukraine launched record drone attacks on each other despite a phone call reported by the Washington Post from US President-elect Donald Trump urging Russian President Vladimir Putin not to escalate the conflict. Trump’s election to the White House has the potential to upend the almost three-year conflict and has thrown into question Washington’s multi-billion dollar support for Kyiv, crucial to its defence. The Republican said on the campaign trail that he could end the fighting within hours and has indicated he would talk directly with Putin — a major break from the approach adopted by President Joe Biden.…

Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency. The digital currency passed $80,000 for the first time in its history shortly after 12:00 pm (1200 GMT). It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies. “The odds that Bitcoin and crypto will become a significantly larger asset class have risen markedly,” Charles Morris, an analyst at investment company ByteTree told AFP. Bitcoin reached $75,000 on Wednesday, topping…

The estimated cost of landing Premium Motor Spirit (PMS) also known as petrol dropped by 20.34 per cent to N971.57 per litre over the past three months. This was revealed by the Major Energies Marketers Association, in its latest competency centre daily energy bulletin for November 8, 2024. The decline in landing costs on Nigeria’s shores indicated an equal reduction in global market fluctuations and supply chain factors. The decline should also result in an equal reduction in prices of PMS in the country, however, the retail price of petrol in Nigeria increased by N443 from N617 per litre on…

https://d-20316847992939269265.ampproject.net/2410161801000/nameframe.htmlhttps://d-20316847992939269265.ampproject.net/2410161801000/nameframe.html The Minister of the Federal Capital Territory, Nyesom Wike, says his administration will continue the demolition of shanties in the FCT and no amount of protest can suppress them. He stated this when he payed a visit to Ruga community along the Wuye axis of the nations capital. He explained that going forward his administration will dialogue with the occupants of shanties in the city and come up with long last recommendations which will keep them off from establishing their communities illegally. He also regarded the protest which was staged on Friday tagging the FCTA land grabbers, as misplaced…

The Chief Justice of Nigeria, CJN, Justice Kudirat Kekere-Ekun, said the Nigerian judiciary has a lot of upright knowledgeable, hardworking and courageous judges, lamenting that a few are tarnishing their reputation. Kekere-Ekun stated this at a public discourse in Lagos themed “Ethics, Morality And The Law.” The event was held in honour of Justice Habib Abiru who was recently elevated as a justice of the Supreme Court. The CJN, who was the chairperson of the event, urged all judges to remember that as individuals, each person is accountable to his or herself and to God. She emphasised that public acceptance…

 Ngozi Okonjo-Iweala has been confirmed as the sole running candidate for the director general position of the World Trade Organization (WTO).This was confirmed by Ambassador Petter Ølberg of Norway, Chair of the General Council, who informed WTO members on November 9 that no further nominations for the position of Director-General had been received by the deadline of November 8. The incumbent Director-General, Okonjo-Iweala, is therefore the only candidate for the role.Okonjo-Iweala confirmed her intention to serve a second four-year term in the role in a letter to the Chair on September 16. On October 8, the WTO formally commenced the…

Nigeria’s First Lady, Oluremi Tinubu, has flagged-off the distribution of 45,000 units of U-Lesson tablets; an educational tool for use by secondary school students in nine States across the Niger-Delta region of the country. She affirmed that the country must ensure inclusive, equitable and quality education is given to citizens especially children of school age, in line with the Sustainable Development Goals, Goal 4. Mrs Tinubu stated these at the flag-off the distribution of U-lesson tablets to primary and secondary schools in the nine States of the Niger Delta Region in Nigeria, at the State House Conference Center, Abuja on…

In reference to the court judgement withholding allocations to Rivers State, President of the Nigerian Labour Congress (NLC)Joe Ajaero has told the Nigerian judiciary not to embark on what he described as ‘a journey of self destruction’ as the union will not fold its hands and watch Rivers workers suffer unjustly. Joe Ajero who said this during the commissioning of compressed natural gas (CNG) buses for workers in Rivers State also warned that the union will not accept a situation where the price of CNG will be like that of petrol The compressed natural gas CNG buses are part of…