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 […]
Category: Economy
Economy
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 […]
SGF George Akume Urges Calm Over Fuel Subsidy Removal
The Secretary to the Government of the Federation, George Akume, has urged Nigerians to remain calm amidst the economic challenges following the removal of the […]
Governors Set N70,000 Maximum for Minimum Wage
State governors have decided not to consider a minimum wage higher than N70,000, deeming it unaffordable. At a meeting in Abuja, the governors, under the […]
MultiChoice Nigeria Fined N150 Million for Flouting Tribunal Order
The Competition and Consumer Protection Tribunal (CCPT) in Abuja fined MultiChoice Nigeria Limited N150 million for violating its jurisdiction by disregarding an order. The verdict, […]
Resumption of Lagos-Kano Cargo Train Services to Lower Food Prices and Protect Highways
The Federal Government announced that the resumption of cargo train services on the Lagos-Kano route is expected to reduce food prices and extend the lifespan […]
NDIC Begins Liquidation of Heritage Bank After License Revocation
The Nigerian Deposit Insurance Commission (NDIC) has initiated the liquidation process for the failed Heritage Bank, beginning with the verification and payment of depositors. This […]
OPay Reiterates Prohibition of Cryptocurrency and Virtual Asset Trading on Its Platform
OPay, a leading financial technology company, has reaffirmed its strict prohibition of cryptocurrency and virtual asset trading on its platform. As a compliant organization committed […]