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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

FG, Labour Talks on Minimum Wage to Continue Wednesday

 
NLC

Talks between the federal government and organised labour over the consequential adjustment in salary for implementation of the minimum wage and how it affects all grades of workers has ended in Abuja.
Government and labour have been in argument over the consequential adjustment of salary due to the upward review of the minimum wage.
Leader of the team, Rotimi Asugwuni said deliberations will continue on Wednesday to fine tune what he calls grey areas. He said commitment has so far been shown by the government but insists areas in contest are critical to labour.
Labour has urged the federal govt to shift ground in the interest of the workers.
Labour is asking for twenty nine per cent salary increase for officers on grade level seven to fourteen and twenty four per cent adjustment for officers on grade level fifteen to seventeen.
This is against the Federal Government’s offer of eleven per cent for officers on grade level seven to fourteen and six point five per cent for workers of grade level fifteen to seventeen.
President Muhammadu Buhari had earlier approved and signed into law the bill of the new minimum wage in April 2019.
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Source;  NTA.ng

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