Labour threatens showdown as FG insists on electricity tariff hike

The Federal Government, on Friday, insisted on the 240 per cent hike in tariff payable by power consumers (electricity) in the band ‘A’ category despite calls for its reversal. It also revealed that the subsidised power pricing regime would be for the short term, with a transition plan to achieve a full cost-reflective tariff within […]

NLC blasts World Bank for N750/litre proposal, rejects foreign influence

The Nigeria Labour Congress (NLC) declared the World Bank as the number enemy of Nigeria following its request that the federal government should increase the price of the fuel to N750 per litre. This was contained in a statement issued by the NLC president, Ajaero on Thursday, December 15. He said: “It is truly a […]

World Bank deprives Uganda loan over anti-LGBTQ law

World Bank deprives Uganda loan over anti-LGBTQ law

The World Bank said on Tuesday it would halt new lending to the Ugandan government after concluding that its anti-LGBTQ law, which has been condemned by many countries and the United Nations, contradicts the bank’s values. In response, the East African country dismissed the move as unjust and hypocritical. A World Bank team traveled to […]