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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...
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NYSC members to be paid new minimum wage

NYSC






Minister of youth and sports, Sunday Dare, has said members of the National Youth Service Corps will benefit from the new minimum wage of N30,000.

“Next week the DG NYSC will provide details of the new allowee for the Youth Corp members after a full briefing from the Ministries of Finance And MYSD,” Dare said on Twitter on Wednesday.

NYSC members are currently being paid N19,800 monthly as allowance by the federal government

The new minimum wage was approved on April 18 and will be implemented following an agreement between organised labour and the Federal Government on the consequential adjustments.

The Federal Executive Council (FEC) presided over by Vice President Yemi Osinbajo issued an order that the minimum wage should be paid from April since that was when it was approved.

Minister of Labour and Employment, Dr Chris Ngige, while briefing State House correspondents on the development, said FEC had already asked the National Salaries, Incomes and Wages Commission to effect the payments, including arrears owed workers, reflecting the consequential adjustments.

He said a deadline of December 2019 was also set to effect all payments while the benchmarks would be forwarded to state governments to guide them in their own implementation.

Source; The Guardian
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Location: Lagos, Nigeria

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