IDNN

Court Orders FCT Workers to Suspend Strike

The National Industrial Court of Nigeria has ordered FCT workers to suspend their ongoing strike following an interlocutory injunction sought by the FCT Minister, Nyesom Wike, and the FCT Administration. The court ruled that once a trade dispute is before it, industrial action must cease pending determination, paving the way for mediation.
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NULGE FCT Joins JUAC, Begins Indefinite Strike

The Nigeria Union of Local Government Employees in the Federal Capital Territory has joined the Joint Union Action Committee in an indefinite strike, escalating labour unrest within the FCT. The unions say the action follows unresolved disputes over workers’ welfare, outstanding entitlements and compliance with agreements, raising concerns over service delivery across local government councils.
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Dangote Refinery Raises Petrol Price to ₦799 per Litre

Dangote Petroleum Refinery has increased the ex-depot price of Premium Motor Spirit to ₦799 per litre, reflecting ongoing adjustments in Nigeria’s downstream oil market. Industry sources say the price review is linked to crude oil input costs, exchange rate pressures and logistics, raising fresh concerns over pump prices, transport costs and broader inflationary effects across the economy.
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Rewane Projects Inflation Averaging 16% in 2026

Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has projected that inflation averaging 16% will define Nigeria’s economic outlook in 2026. He attributes the forecast to base-year effects from the new CPI methodology, exchange rate pressures and debt servicing costs, urging businesses to prioritise strategic liquidity and risk management amid lingering macroeconomic uncertainty.
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