The Executive Members of the Maritime Workers Union of Nigeria (MWUN) have directed their members to resume work at the nation’s seaports and oil and gas platform.
The union had earlier ordered closure of all the nation’s Seaports, Jetties, Oil & Gas platforms and Terminals in compliance with the organized labour’s directive on the indefinite strike which was to commence on Tuesday.… Read the rest
OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria and Iran despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
Last month, the Organization of the Petroleum Exporting Countries pumped 27.73 million barrels per day (bpd), the survey found, up 120,000 bpd from August.… Read the rest
The Nigerian government announced, on Sunday, the waiver of Value Added Tax (VAT) on diesel for the next six months to address the impact of petroleum subsidy removal in the country.
The waiver is part of the resolution reached during the meeting between the labour unions and the government delegation, information minister Mohammed Idris said in a late Sunday statement.
The meeting was held a few hours after Mr Tinubu addressed Nigerians on the occasion of Nigeria’s 63rd Independence Anniversary.… Read the rest