Guaranty Trust Bank (GTBank) has initiated legal proceedings against 60 top executives from 13 commercial banks, including chairmen, CEOs, directors, and company secretaries. The move […]
Category: Business
Business
Nigeria Seeks $500M World Bank Loan to Boost Rural Roads and Agriculture
The Federal Government is seeking a $500 million loan from the World Bank to improve rural road infrastructure and agricultural marketing across Nigeria. This initiative […]
Aliko Dangote Expands Refinery Storage, Faces Challenges from International Oil Companies
Alhaji Aliko Dangote, President of the Dangote Group, has announced an expansion of the storage capacity at his refinery by 600 million litres. This expansion […]
NSCDC Busts Illegal Oil Refinery in Rivers State Cemeteries, Vows Relentless Fight Against Economic Saboteurs
The Nigeria Security and Civil Defence Corps (NSCDC) Rivers State Command has disrupted a major illegal crude oil refining operation at cemeteries in the Abalama […]
Labour Rejects Tinubu’s Claim of Minimum Wage Agreement, Demands Clarity and Fair Deal
The Nigerian Labour Congress (NLC) has firmly rejected President Bola Tinubu’s assertion that an agreement has been reached on the new national minimum wage, as […]
Nigeria Data Protection Commission Fines Banks and Institutions N400 Million for Data Breaches
Vincent Olatunji, the National Commissioner for the Nigeria Data Protection Commission (NDPC), announced on Tuesday, June 11, that four major banks and three other institutions […]
Federal Government Raises Alarm Over Increased Petrol Smuggling Amid Price Disparities
The Federal Government has raised concerns over the escalating smuggling of Premium Motor Spirit (PMS), commonly known as petrol, due to a significant price hike […]
NNPP Chieftain Criticizes Governors for Rejecting N60,000 Minimum Wage Proposal
Ambassador Olufemi Ajadi, a prominent member of the New Nigeria People’s Party (NNPP), has strongly criticized the Nigeria Governors Forum (NGF) for their rejection of […]
Labour Rejects ₦62,000, Insists on ₦250,000 Minimum Wage
Organised Labour has rejected the proposed ₦62,000 and ₦100,000 minimum wage offers, insisting on ₦250,000 as the minimum wage for Nigerian workers. This announcement follows […]
Falana: New National Minimum Wage Act to Override State Legislatures and Employers
Activist-lawyer Mr. Femi Falana (SAN) has clarified that the forthcoming National Minimum Wage Act 2025 will be binding on all employers, except those explicitly exempted […]