economy

The leadership of the Nigeria Labour Congress (NLC) on Tuesday directed its members across the country to occupy legislative houses from Wednesday next week.

The House of Representatives and the Ministry of Finance on Tuesday disagreed over the procedure for the payment of the sum of N2.8billion to the Organization of Petroleum Exporting Countries (OPEC) in 2017.

The Petroleum Product Retail Outlet Owners Association of Nigeria (PETROAN) has insisted that the price of petrol will continue to increase except there are functional refineries in the country.

The International Monetary Fund (IMF) has said the naira was overvalued by 18.5 per cent at the official market.

The Nigerian Government is worried about the possibility of a scarcity of Premium Motor Spirit (PMS), also known as petrol, in the country.


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