BUSINESS
NLC Shuts Down Jos DisCo Over Tariff Increase
The Nigerian Labour Congress (NLC) has shut down the headquarters of Jos Electricity Distribution Company (JEDC) in Plateau State over electricity tariff hike. Our correspondent reports that the labour union has blocked the main gate of the company, leaving the staff of the DisCo stranded outside the main building. Security operatives including the police, Department of State services (DSS) and Nigerian...
N48,000 Minimum Wage Proposed By FG Ridiculous — Labour
Organised labour has rejected the N48,000 proposed by the federal government as minimum wage for public service workers. The government’s position was presented to labour at the resumed tripartite committee meeting on Wednesday, May 15. In protest, the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) walked out of the meeting which was held virtually. A labour leader, who...
Israeli Ambassador Hails Quality Leadership In Abia Under Otti
The Abia State Government has expressed a strong desire to partner with the nation of Israel in developing its economic and technological potential, with specific reference to human capital, agriculture, digital economy and micro small and medium enterprise (MSME). Governor, Dr. Alex Otti, made this known on Tuesday when the Israeli Ambassador to Nigeria, His Excellency Michael Freeman, paid him...
Emirates Fixes Date For Flights Resumption
Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, the airline announced on Thursday. This is coming over two years after the airline suspended flights to Nigeria over inability to repatriate fund from its ticket sales in Nigeria. The UAE carrier was being owed over $85 million at the time it was...
From June, There Won’t Be Any Need To Import A Litre Of Fuel Into Nigeria — Dangote
The Chairman of the Dangote Group, Aliko Dangote, has said that with the plan the Dangote Refinery has in place, Nigeria will not need to import premium motor spirit (PMS) by next month. Dangote said that the refinery, which has already started supplying diesel and aviation fuel in Nigeria, has the capacity to meet the diesel and petrol needs of...
CBN Makes U-turn, Withdraws Circular On Cybersecurity Levy
The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cybersecurity levy. The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, of Financial Policy and Regulation, Department, and Chibuzo Efobi, Director, of the Payment System Management Department. The circular stated: “The Central Bank...
VIDEO: Ohafia Traditional Rulers Council Unveils Economic Development Masterplan
In a groundbreaking move, the Ohafia Traditional Rulers Council (Nde Eze Ohafia) has launched a comprehensive economic development package aimed at transforming Ohafia Local Government Area (LGA) into a hub of economic growth and development. https://youtube.com/live/yoZSsWJO6ic The package includes a range of projects designed to unlock the economic potential of the region and make it a modern architectural city like Dubai. At...
Opay, Moniepoint, Others To Register New Customers From July
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms like Opay, Palmpay, Kuda, and Moniepoint Microfinance Banks will resume enrolling new customers in a couple of months from now. The disclosure was made by CBN Governor, Mr Olayemi Cardoso, at the end of 295th Monetary Policy Committee (MPC) meeting of the apex Bank in Abuja on...
King Apostle Chibuzor Signs Multi-Million Dollar Investment Deals In Italy, Set To Transform Abia
In a landmark achievement, His Royal Majesty King Apostle Chibuzor Gift Chinyere, Founder/General Overseer of Omega Power Ministries (OPM) and King of Ikwuorie Autonomous community in Ohanku Ndoki Ukwa East Local Government Abia State, has signed a multi-million dollar foreign investment deals in Milan, Italy, ABN TV reports. King Chinyere, who has been on a three-week investment drive, visited Taiwan,...
Nigeria Spending $25bn On Petrol Importation Yearly – Shettima
Vice-President Kashim Shettima has revealed that Nigeria spends $25 billion per annum on the importation of petroleum products. He said that the importation of fuel would soon be forgotten as the government of President Bola Tinubu is making efforts to make life comfortable for Nigerians. Shettima made this known at the Vanguard Economic Discourse themed ‘Reforms in the Era of Global...
