Business
Circular Economy: NESREA Unveils Digital Waste Platform
NESREA spokeswoman Nwamaka Ejiofor stated on Monday that this was in keeping with the implementation of the circular economy in Nigeria.
The National Environmental Standards and Regulations Enforcement Agency has announced plans to launch a digital marketplace for waste transactions.
NESREA spokeswoman Nwamaka Ejiofor stated on Monday that this was in keeping with the implementation of the circular economy in Nigeria.
She stated that the Waste Marketplace Nigeria platform was a collaboration between NESREA and Recyclestack aimed at digitising the circular economy in Nigeria.
Ms Ejiofor explained that the circular economy is operationalised in Nigeria under the Extended Producer Responsibility Programme, which extends the responsibility of a producer throughout the lifecycle of the product.
“EPR is operational in sectors such as food and beverages, batteries, used tyres, and electrical electronics, with producer responsibility organisations, recyclers, and collectors playing key roles along the value chain.
“Through the Waste Marketplace Nigeria platform, NESREA plans to enhance digital inclusion and job creation for the informal sector, boost material recovery, reduce illegal dumping and increase the rate of recycling.
“The platform targets onboarding at least 10,000 verified users within the first four months and serving as a data mining source in the waste management. With this, it will strengthen compliance and enforcement of environmental standards,” she said in a statement.
Ms Ejiofor said the project would commence in Lagos and Abuja, with a subsequent rollout in major cities across the country.
Innocent Barikor, the director-general of NESREA, said that the waste marketplace in Nigeria would provide a transformative opportunity to digitise Nigeria’s waste economy while enabling regulation, accountability, and economic empowerment.
“It is also consistent with our focus on addressing environmental concerns through innovative solutions and partnerships.
“This joint initiative between NESREA and Recyclestack is well-positioned to formalise the sector, create inclusive green jobs, drive investments and ensure environmental compliance.
“It is also in line with national development goals and will serve as a model for other African countries,” he said.
Gazettengr.com
The Nigerian naira remained relatively stable at the official foreign exchange market on Monday, trading around ₦1,362 to the US dollar after the Central Bank of Nigeria, CBN, stepped up interventions to support the local currency.
Fresh data from the Nigerian Foreign Exchange Market, NFEM, showed that the naira closed at ₦1,362.2064 per dollar, compared with the opening rate of ₦1,362.0866 recorded at the start of the trading week.
Although the local currency posted a marginal decline during Monday’s session, analysts said the broader market trend points to improved stability, supported by increased dollar supply from the apex bank and sustained foreign exchange inflows.
Naira records weekly appreciation
The naira strengthened at the official market over the previous trading week, appreciating by 1.31% to close at ₦1,362.09 per dollar on Friday, compared with ₦1,380.18 recorded a week earlier.
The improvement followed renewed interventions by the CBN, which injected significant foreign exchange liquidity into the market to reduce pressure from persistent dollar demand.
Data released by the apex bank showed that eligible foreign exchange transactions were conducted within a range of ₦1,359 to ₦1,365.50 per dollar.
Broadstreet analysts said the movement in the spot exchange rate reflects relative stability in the official market, driven by the CBN’s interventions and steady inflows from foreign investors and other market participants.
The Federal Government has approved a 35 percent increase in hazard allowances for junior and senior members of the Non-Academic Staff Union of Educational and Associated Institutions (NASU) working in federal universities.
The revised allowance package, which takes effect from January 1, 2026, follows an agreement reached between the government and NASU on June 29, 2026.
According to The PUNCH, the approval was conveyed in a circular issued in Abuja on July 20, 2026, by the National Salaries, Incomes and Wages Commission (NSIWC).
The circular, signed by the commission’s Acting Secretary, Adighiogu Chiadi, was addressed to the Chief of Staff to the President, Femi Gbajabiamila; the Secretary to the Government of the Federation, George Akume; the Head of the Civil Service of the Federation; ministers; and heads of government agencies.
“Following the agreement between the Federal Government of Nigeria and the Non-Academic Staff Union of Educational and Associated Institutions dated 29th June 2026, the Federal Government has approved the payment of the following allowances to non-teaching staff members of NASU in Federal Universities,” the circular stated.History
Under the new package, workers on CONTISS 1–5 will receive an annual laboratory hazard allowance of ₦243,000, up from ₦180,000, representing a 35 percent increase.
Employees on CONTISS 6–15 will now earn ₦486,000 annually, an increase from ₦360,000, also representing a 35 percent rise.
The union had sought annual hazard allowances of ₦360,000 and ₦720,000 for the two categories, respectively.
Responsibility Allowances Reviewed
The government also approved increases in responsibility allowances for senior non-teaching staff.
Annual responsibility allowances for registrars and bursars were raised from ₦750,000 to ₦840,000, representing a 12 percent increase, although NASU had requested ₦1.5 million annually.
Deputy registrars, deputy bursars and deputy directors will now receive ₦480,000 annually, compared with the union’s demand of ₦600,000.
For the first time, directors will receive an annual responsibility allowance of ₦600,000, matching NASU’s request.
Similarly, heads of sections, who previously had no approved responsibility allowance, will now receive ₦150,000 annually, against the union’s demand of ₦900,000.
Other Allowances Adjusted
The government also reviewed allowances for field trips, teaching practice and industrial supervision.
Staff on CONTISS 1–5 will receive ₦81,000 annually, up from ₦60,000, while those on CONTISS 6–12 will earn ₦108,000, compared with the previous ₦80,000.
Employees on CONTISS 13–15 will now receive ₦135,000 annually, an increase from ₦100,000.
The revised package also includes higher allowances for the Students’ Work Experience Programme (SWEP).
Workers on CONTISS 1–5 will receive ₦81,000 annually, up from ₦60,000, while those on CONTISS 6–12 will earn ₦108,000, an increase from ₦80,000.
For employees on CONTISS 13–15, the previous allowance range of ₦60,000 to ₦100,000 has been harmonised at ₦135,000 annually, although NASU had proposed ₦200,000.
The circular further stated that the Provision Tools Allowance (PTA) has been absorbed into the Consolidated Non-Teaching Tools Allowance (CATA), while laboratory student-to-staff ratio supplementation will now be covered under existing excess workload provisions.
The review follows months of negotiations between the Federal Government and NASU after the union argued that the allowances introduced under the 2009 agreement had become inadequate due to rising inflation and the increasing cost of living.
Petrol depot prices have dropped again across Nigeria’s key distribution hubs, with loading rates falling at several depots in Lagos, Port Harcourt and Warri amid sustained competition and improved product supply.
The fresh cuts, ranging from N5 to N25 per litre on Monday, July 27, were recorded at multiple depots nationwide
In Lagos, all six monitored depots lowered their ex-depot rates. Bulk Strategic trimmed its price from N1,260 to N1,250 per litre, while Liquid Bulk moved from N1,270 to N1,256, data from Petroleumprice.ng shows.
Masters dropped from N1,275 to N1,260, and Matrix reduced its rate from N1,270 to N1,255. Sigmund recorded the largest single cut in Lagos, shaving N20 off its price to settle at N1,250 per litre. T.S.L also lowered its loading price from N1,265 to N1,250.
Port Harcourt depots followed suit. Hong Petroleum reduced its ex-depot price from N1,255 to N1,246 per litre, while Mainland moved from N1,255 to N1,250. Northwest did not publish a current loading price.
In Warri, Optima posted the biggest single reduction across all three cities, cutting its price by N25 from N1,270 to N1,245 per litre. Matrix in Warri also reduced its rate by N24 to N1,246, and Rain Oil trimmed its loading price by N5 to N1,268 per litre.
Below is a snapshot of current ex-depot prices: Snapshot of petrol depot prices on Monday at depots
LAGOS
Bulk Strategic – N1,250/litre
Liquid Bulk – N1,256/litre
Masters – N1,260/litre
Matrix – N1,255/litre
Sigmund – N1,250/litre
T.S.L – N1,250/litre
PORT HARCOURT
Hong Petroleum – N1,246/litre
Mainland – N1,250/litre
WARRI
Optima – N1,245/litre
Matrix – N1,246/litre
Rain Oil – N1,268/litre
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