Tuesday 20 October

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VideoVideo: News Central TV on YouTube

Economy · Video

Minimum wage row: NLC wants talks now, FG says review is due in June 2027

The NLC says the law requires minimum wage talks to start by 17 October. The FG says the ₦70,000 wage is not due for review until 1 June 2027. Here is what the row means for you.

The Nigeria Labour Congress (NLC) says negotiations on a new national minimum wage should legally begin by Saturday, 17 October 2026. The Federal Government says the ₦70,000 wage is not due for review until 1 June 2027 and that starting now would be premature. The two sides set out their positions in letters this week. The Minister of Labour and…

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  1. The IMF warned Nigeria against restoring the petrol subsidy at a Fiscal Monitor press briefing in Bangkok on Wednesday, 14 October 2026.
  2. Rodrigo Valdés, Director of the IMF's Fiscal Affairs Department, said subsidies are fiscally very costly and that protecting people is not the same as protecting the price of fuels.
  3. IMF division chief Davide Furceri suggested subsidising bus fares instead, a week after the government announced a 30-day petrol discount at NNPC stations.
Gist Reel

Economy · 5 min read

IMF warns Nigeria against restoring petrol subsidy, suggests help with bus fares

The IMF says a blanket petrol subsidy would be costly and help the better-off most, and that targeted support, such as help with bus fares, would work better.

Updated 10:31 WAT, 17 Oct 2026: The director of the IMF's African Department, Zeine Zeidane, repeated the fund's advice at a briefing on Thursday, saying energy subsidies should be phased out gradually and the savings targeted at people who need support. The International Monetary Fund has warned Nigeria against bringing back the petrol subsidy, saying help for households should go…

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VideoVideo: Channels Television on YouTube

Economy · Video

NNPC petrol discount and ₦1,350 ceiling: what the FG’s fuel plan means for you

The FG will sell petrol at cost at NNPC stations for 30 days and is negotiating a ₦1,350 cap on landing costs. Here is how it works and what is still unclear.

Updated 09:20 WAT, 12 Oct 2026: The Presidency says the government's 30-day discount is an extension of NNPC Retail's Independence anniversary discount, funded from NNPC Retail's own margin. Updated 09:11 WAT, 10 Oct 2026: NNPC says its ₦66-a-litre petrol discount, introduced on 1 October, now runs until 31 October and is not a subsidy. The Federal Government will offer a…

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