BORROWING FOREIGN CURRENCY TO SUPPORT NAIRA DEVALUATION SHORTSIGHTED APPROACH — NLC
The two leading labor organizations, the Nigeria Labour Congress and Trade Union Congress, declared on Wednesday that they recognized the federal government's realization that floating...
WHY INCREASE IN MINIMUM WAGE WON’T WORSEN INFLATION – TUC
The Trade Union Congress, TUC said increasing the minimum wage for civil servants will not worsen inflation. This was stated by the president of TUC,...
TINUBU APPOINTS RENOWED BANKER, JIM OVIA AS CHAIRMAN OF NIGERIAN EDUCATION LOAN FUND
President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian...
PRESIDENT TINUBU APPROVES TAKEOFF OF CONSUMER CREDIT SCHEME
President Bola Tinubu has approved the takeoff of the first phase of the Consumer Credit Scheme. Consumer credit serves as the lifeblood of modern economies,...
NAIRA DEPRECIATES TO N1,250/$ IN PARALLEL MARKET
In the parallel market yesterday, the value of the Naira depreciated to N1,250 per dollar from N1,140 per dollar that it was on Thursday In...
UPDATE: FCCPC STORMS CHINESE SUPERMARKET OVER CLAIMS OF DISCRIMINATION AGAINST NIGERIANS
Arriving at the China General Chamber of Commerce, an Abuja-based Chinese supermarket, is the Federal Competition and Consumer Protection Commission (FCCPC). Nigerians had earlier on...
EMPTY ATMs: CUSTOMERS CLAIM BANKS CONSPIRE WITH PoS OPERATORS TO EXTORT NIGERIANS
By Ajape Sefiu A. A growing number of Automated Teller Machines (ATMs) that are "temporarily unable to dispense cash" have led to accusations from the...
THERE’LL BE UPS AND DOWNS, BUT WE’RE WORKING TO STABILISE NAIRA — CBN
The Central Bank of Nigeria (CBN), has reiterated its commitment to attaining a stable foreign exchange (FX) rate. Yemi Cardoso, CBN governor stated this during...
DOSUNMU MARKET: SUSPENSION ORDER REMAINS IN FORCE – LAGOS GOVT
The Lagos State Government has reaffirmed that the suspension order on Dosunmu Market and its environs following the recent fire incident is still in place....
CBN NOT USING FOREIGN RESERVES TO DEFEND NAIRA — CARDOSO
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, declared yesterday that the apex bank is not defending the Naira with the...