Joe Ajaero, the national president of the Nigerian Labour Congress (NLC), has clarified the rationale behind proposing N615,000 as the minimum wage to the federal […]
Category: Economy
Economy
Presidency Denies Microsoft Office Shutdown in Nigeria
Recent reports alleging that Microsoft is closing its Nigerian office have been refuted by the presidency. The news, which circulated widely online, claimed that Microsoft […]
Nasarawa Governor Denies Governors’ Opposition to Minimum Wage, Highlights State’s Agricultural Achievements
Nasarawa State Governor, Abdullahi Sule, has refuted claims that state governors are not cooperating with the federal government regarding the new minimum wage for workers. […]
Naira Depreciates at Official Market, Records Increased Daily Turnover
The Nigerian Naira experienced a depreciation in value at the official market on Tuesday, trading at N1,416.57 to the dollar. Data from the FMDQ Exchange, […]
CBN Unveils List of Nigeria’s 44 Licensed Banks, Reveals Industry Expansion
The Central Bank of Nigeria (CBN) has disclosed a detailed list of 44 licensed Deposit Money Banks operating across the country. This announcement was made […]
Binance CEO Condemns Detention of Executives in Nigeria, Calls it a Dangerous Precedent
Richard Teng, the CEO of cryptocurrency exchange Binance, has criticized Nigeria for setting a dangerous precedent by detaining its executives as part of a crackdown […]
NNPC Assures Nigerians of Adequate Petrol Supply, Warns Against Panic Buying
The Nigerian National Petroleum Company Limited (NNPCL) has announced that it currently has over 1.5 billion litres of Premium Motor Spirit (PMS) petrol in stock, […]
Senate Sets Up Committee to Investigate Delay in Abuja Centenary Economic City Project
The Senate has established a seven-member ad-hoc committee to probe the factors hindering the completion of the $18.5 billion Abuja Centenary Economic City project, a […]
Federal Government Clarifies Lagos-Calabar Coastal Highway Procurement Process
The Federal Government has reiterated that the procurement process for the Lagos-Calabar Coastal Highway contract was followed diligently. Minister of Works, David Umahi, emphasized that […]
Central Bank of Nigeria Orders Cybersecurity Levy on Transactions
The Central Bank of Nigeria (CBN) has directed all banks operating in the country to begin charging a cybersecurity levy on transactions. According to a […]