The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has extended the 2024 oil block licensing bid round registration by 10 days, according to a statement by […]
Category: Economy
Economy
GTBank Takes Legal Action Against 60 Bank Executives Over N17bn Loan Dispute
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 […]
Presidency Deems N250,000 Minimum Wage Demands Unsustainable Pushes for N62,000
The Presidency has warned that the N250,000 minimum wage demand by Organised Labour is unsustainable, stressing that the Federal Government cannot allocate all its resources […]
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 […]
Employment Scam Uncovered in Kano: Officials Arrested and Questioned
The Kano State Public Complaints and Anti-Corruption Commission has arrested two suspects and summoned three Permanent Secretaries for questioning in connection with an alleged employment […]
House Committee Uncovers Mismanagement of N1.32 Trillion COVID-19 Fund
The House of Representatives Committee on Public Account has reported significant mismanagement and financial regulation breaches in the disbursement and utilization of the N1.32 trillion […]
Nationwide Protests Erupted Over Economic Hardship on Democracy Day
Despite a heavy presence of security operatives, protests erupted yesterday in Abuja, Lagos, and Osun states against the perceived economic hardship and worsening conditions in […]