Aviation unions under the Nigeria Labour Congress (NLC) have opted out of the two-day warning strike called by their parent body.The leadership of the unions say the reason for their opt-out is their unwillingness to jeopardise the industry’s safety...
Abdul Samad Rabiu, chairman of BUA Group, says his company is working towards reducing the price of cement. The planned price reduction, he said, is in a bid to support the economic plans of the federal government. Dave Umahi,...
Despite tough reforms taken by the Nigerian government to fix its financial situation, Naira has emerged as the worst performing African currency in three months and is even missing in the list of the top ten foreign currencies in...
The Governor of Edo State Governor, Godwin Obaseki has said he is shocked and scared of the Federal Government’s inability to plan and effectively respond to the fuel subsidy removal policy that has further improvised Nigerians, inflicting hardship and...
The Minister of Budget and Economic Plannig, Atiku Bagudu, says the present administration will strive to achieve double digit economic growth.Bagudu said this in his maiden address on assumption of office on Tuesday in Abuja.According to him, double digit...
The Nigerian Customs Service, NCS had raised alarm over serial infractions in duty payment on fairly used vehicles (Tokunbo), noting that some freight forwarders were short-changing the Federal Government.The Service stated that the value approved on the assessment slip...
The Central Bank of Nigeria (CBN) has released fresh operational mechanisms for the sale of forex by Bureau De Change (BDCs) operators within the country. This is coming 25 months after Godwin Emefiele, the suspended CBN governor, announced the...
World Bank has advised the federal government to ensure accountability in the disbursement of proceeds from fuel subsidy removal.According to report by FRCN, the Country Director, World Bank, Nigeria Office, Professor Shubham Chaudhuri, said this in Ibadan at a...
The Presidency has stated that it would continue to engage and dialogue with the union leaders to achieve same goal. This follows the threat by the Nigerian Labour Congress, NLC, to embark on an indefinite strike if the pump...
Amid tightening monetary policy stance and global volatility considerations, the federal government raked in N312.56 billion through the August FGN bond auction held by the Debt Management Office (DMO) Monday. Four instruments were offered to investors at the auction...
