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,...
APC CHIEFTAIN, EDEMA SAYS NO WORKER SHOULD SETTLE FOR N70,000 MINIMUM WAGE
A governorship aspirant, on the platform of the All Progressives Congress, APC, in Ondo State, Olugbenga Edema, has asked workers across the country not to...
JUST IN: AGAIN, DANGOTE SLASHES DIESEL, AVIATION FUEL PRICES TO N940, N980
Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively....
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...
FG SET TO UNBUNDLE 11 DISCOS, ORDERS THE SALE OF FOUR
Due to their size, which frequently leads to inefficiency, Nigeria's power distribution corporations are presently being divided up along state lines, the Federal Government announced...
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....
FG AGENCY BLAMES MULTIPLE TAXES, OTHERS FOR HIGH COST OF GOODS
The Federal Competition and Consumer Protection Commission has released findings from a comprehensive investigation into the factors contributing to the relentless increase in consumer costs....