Pensioners Demand Immediate Implementation of N32,000 Increment Under New Minimum Wage Act

Nigeria Stories, via its official X handle, has reported that pensioners across the country are calling on the Federal Government to urgently implement the N32,000 pension increment in line with the National Minimum Wage (Amendment) Act, 2024.The demand comes amid growing economic hardship and inflationary pressures that have significantly eroded the purchasing power of retirees.ContinueContinue reading “Pensioners Demand Immediate Implementation of N32,000 Increment Under New Minimum Wage Act”

NUPRC Cracks Down on Crude Oil Exports, Enforces Strict Domestic Supply Compliance

In a decisive move to address Nigeria’s crude oil supply challenges, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil companies, declaring that export permits will be denied for crude oil cargoes meant for domestic refineries. This crackdown follows the consistent failure of oil producers to meet the Domestic CrudeContinueContinue reading “NUPRC Cracks Down on Crude Oil Exports, Enforces Strict Domestic Supply Compliance”

First Bank Appeals Court’s Decision to Lift Asset Freeze on Global Hydrocarbons, Vows to Pursue Legal Remedies

In a dramatic turn of events, First Bank of Nigeria has taken to its official X handle to announce that it has filed an appeal against the discharge of a Mareva order against Global Hydrocarbons, an oil and gas firm entangled in a multi-million-dollar financial dispute. The banking giant has also sought an injunction and/orContinueContinue reading “First Bank Appeals Court’s Decision to Lift Asset Freeze on Global Hydrocarbons, Vows to Pursue Legal Remedies”

“Ogun Monarch Denies Assault Allegations as 73-Year-Old Man Seeks Justice After Brutal Public Beating”

A disturbing and shocking incident of public humiliation and alleged assault has come to light, as a 73-year-old man, Chief Abraham Areola, accuses the Olorile of Orile Ifo, Oba Semiu Ogunjobi, of brutally beating him in broad daylight. The elderly man, who was reportedly assaulted over a chieftaincy dispute, is now calling for justice andContinueContinue reading ““Ogun Monarch Denies Assault Allegations as 73-Year-Old Man Seeks Justice After Brutal Public Beating””

Subsidy Removal Fallout: Oil Marketers Ramp Up Borrowing, Pass Costs to Struggling Motorists

The removal of Nigeria’s longstanding fuel subsidy has triggered a seismic shift in the oil sector, with petroleum marketers resorting to massive bank borrowings to sustain operations—ultimately transferring the burden to motorists.Against the backdrop of skyrocketing product procurement costs and surging bank interest rates, oil marketing firms recorded a staggering 76.5% increase in bank borrowings,ContinueContinue reading “Subsidy Removal Fallout: Oil Marketers Ramp Up Borrowing, Pass Costs to Struggling Motorists”

Nigerian Businessman Undergoes Emergency Surgery to Remove 81 Cocaine Pellets from Stomach

In a shocking drug trafficking bust, a 59-year-old Nigerian businessman, Chijioke Nnanna Igbokwe, has undergone emergency surgery to remove 57 out of 81 cocaine pellets lodged in his stomach. The surgery, performed at a Lagos hospital, was necessitated after he failed to excrete the illicit drugs for seven days following his return from Ethiopia.Igbokwe wasContinueContinue reading “Nigerian Businessman Undergoes Emergency Surgery to Remove 81 Cocaine Pellets from Stomach”

Amaechi Not a Threat to Nigeria’s Peace, But a Champion of Democracy – Groups Fire Back at Matawalle

Two prominent organizations have strongly criticized the Minister of State for Defence, Hon. Bello Matawalle, over his recent remarks accusing former Rivers State Governor, Chibuike Rotimi Amaechi, of inciting the public against the Federal Government.The Initiative for Transparent Strategy and Good Leadership (ITSGL) condemned Matawalle’s comments, describing them as politically motivated and an attempt toContinueContinue reading “Amaechi Not a Threat to Nigeria’s Peace, But a Champion of Democracy – Groups Fire Back at Matawalle”

Tragic End: US-Based Nigerian Cardiologist Takes Own Life Over $15,000 Child Support Ruling

The Nigerian and African-American communities in the United States have been thrown into mourning following the tragic death of 36-year-old Nigerian-born cardiologist, Dr. Ikenna Erinne, who allegedly took his own life after losing a bitter child support battle.According to reports, the Anambra State-born medical professional, who had spent years building a successful career in theContinueContinue reading “Tragic End: US-Based Nigerian Cardiologist Takes Own Life Over $15,000 Child Support Ruling”

Dangote Refinery Slashes Petrol Price to N890, Pledges Economic Relief for Nigerians

In a move set to ease the financial burden on Nigerians, Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol. The price has been slashed from N950 to N890 per litre, effective Saturday, February 1, 2025.The announcement was made via the refinery’s officialContinueContinue reading “Dangote Refinery Slashes Petrol Price to N890, Pledges Economic Relief for Nigerians”

Nigerian Justice Ministry Declares FOI Act Covers Private Institutions Using Public Funds

The Nigerian Ministry of Justice has reaffirmed that the Freedom of Information (FOI) Act extends beyond government agencies to private institutions that utilize public funds, underscoring the importance of transparency and accountability across all sectors.This was revealed during a high-level roundtable engagement in Abuja, organized by the Public and Private Development Centre (PPDC) in collaborationContinueContinue reading “Nigerian Justice Ministry Declares FOI Act Covers Private Institutions Using Public Funds”