Sunday, 26 May, 2024

Category: Business


In a significant update, Minister of Power Adebayo Adelabu has highlighted recent strides in addressing the issues that have plagued Nigeria’s national power grid. Speaking on Friday at the ongoing Ministerial Sectorial Update, an initiative by the Federal Government to Read more…


Chidi Odinkalu, a prominent Nigerian human rights activist, has strongly criticized the decision of a Federal High Court judge in  Kano, Justice Abdullahi Liman, to intervene in the ongoing royal tussle in the state. Odinkalu said the Federal High Court has Read more…


Ezeakukwu Emmanuel Nsoedo Chief Sir Moses Ezukwo (Ugwunwammadu) achieved another milestone by becoming the 11th President of the Nnewi Chamber of Commerce, Industry, Mines and Agriculture (NCCIMA). Engr Ilozue chaired the occasion as Engr Emeka Nzewi had a flight situation, Read more…


From Ifeoma Ejiofor Anambra State governor, Prof Charles Soludo has suspended the contributory pension scheme in the state. The Anambra State chairman of Nigeria Labour Congress (NLC), Comrade Humphrey Nwafor revealed this after a meeting with the governor. He explained Read more…


Moscow could move to seize property owned by US-linked entities and citizens in Russia, should Washington attempt to confiscate Russian assets being held abroad, according to a decree signed by President Vladimir Putin on Thursday. The US and its allies are Read more…


In its further negotiation with the federal government, organised labour has reduced its request for a living minimum national wage from its initial N615,000 to N500,000. The new figure followed its inability to reach an agreement on the earlier demand Read more…


The federal government has apologised to Nigerians over the economic pains they go through as a result of the reforms embarked upon by the Bola Ahmed Tinubu administration. The apology came yesterday from the minister of budget and economic planning, Read more…


The Central Bank of Nigeria has directed all current Bureau De Change (BDC) operators to re-apply for new licenses in their chosen categories. This directive was announced on Wednesday in a circular issued by the apex bank, signed by Haruna Read more…


The tripartite minimum wage negotiation meeting involving Organised Labour, the federal and state governments, and the Organized Private Sector, OPS, yesterday ended in deadlock, following Labour’s dismissal of the government’s N54,000 offer as expected. Labour leaders also lamented the absence of state Read more…


Customers of Heritage Bank Plc, a leading financial institution in Nigeria, are calling for urgent intervention from the government and the Central Bank of Nigeria (CBN) to address ongoing challenges that have disrupted both physical and online transactions for nearly Read more…


Local airline operator Air Peace says some alleged safety violations raised by the United Kingdom Civil Aviation Authority (UKCAA) have been resolved with the British regulator. In a statement on Monday, the airline, which began its Lagos-London direct flights on Read more…


Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in unsold goods in their warehouses, a development which would lead to a further significant decline in output level in the sector.The continued rise in unsold Read more…