BUSINESS
Shettima Urges African Leaders To Ramp up 3% of continent’s global GDP
Vice President Kashim Shettima, has implored African leaders to work towards ramping up the total $3.1 trillion Gross Domestic Product (GDP) of countries on...
ELECTRICITY: Liquidity Crisis Worsens As FG Pays 4% Of N1.9trn Subsidies
The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with...
BREAKING! Inflation rises to 12.13%
Nigeria’s annual inflation accelerated to 12.13% in January from 11.98% in December, the National Bureau of Statistics said on Tuesday. A separate food price index...
Banks To Pay N10m Fine For Using Unaccredited Cheque Printer
The Central Bank of Nigeria, CBN, has slammed a N10 million fine and withdrawal of cheques on commercial banks using unaccredited cheque printers/personaliser. The apex...
Relocation: CBN Headquarters Presently Overpopulated – Cardoso
The Central Bank Governor, Olayemi Cardoso, said the CBN’s planned relocation of departments and personnel to other branches was a response to the current...
Private Employers Paying Less Than N70,000 Risk Jail Term, FG Warns
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would...
No More Loans For FG, CBN Declares
The Central Bank of Nigeria (CBN) says it has discontinued granting loans through its Ways and Means advances to the federal government. The CBN Governor,...
Let’s Break Misconception, Ignorance And Legalise Cannabis Now — Ondo Governor
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has said controlled cultivation of the cannabis plant for medical usage and exportation will generate several billions...
Chevron Nigeria To Sack 25% Of Workforce
Chevron Nigeria Limited has said it will slash its workforce by 25 percent as it is reviewing its manpower requirements in the light of...
You Can’t Increase Electricity Tariff When Workers’ Wages Remain Stagnant, NLC Cautions FG
The Nigeria Labour Congress (NLC) has urged the Federal Government not to increase electricity tariff. The umbrella labour union said while many sectors, including Power,...
