Oil marketers decry N320bn loss, oppose labour strike


Oil marketers on have decried losing over N320 billion worth of investments as a result of government imposed product prices. The marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) also kicked against the proposed industrial action of the Nigeria Labour Congress (NLC), as they urged the union and its allies to have a rethink of the plan. The spokesperson for NOGASA, Ukadike Chinedu, who disclosed this in a statement issued in Abuja, said members of the association would be forced to lay off…

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Within 48hrs, 174,574 apply for COVID-19 N75bn MSME survival fun

Just 48 hours after commencement, a total of 174,574 persons have successfully registered for the N75 billion National MSME Survival Fund and the Guaranteed Off-take Stimulus schemes under the Nigeria Economic Sustainability Plan. Mariam Katagun, minister of state for industry state and investment, disclosed this on Thursday while addressing journalists in Abuja, adding that the registration for the MSME Survival Funds commenced at 11pm on Monday. She said that “as at 8.30am this (Thursday) morning, total successful registrations stood at 174,574.” The schemes were introduced by the federal government to…

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