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NLC Northwest Zone suggests N485,000 minimum wage for labourers
News

NLC Northwest Zone suggests N485,000 minimum wage for labourers

NLC Northwest Zone suggests N485,000 minimum pay for labourers The Nigeria Labour Congress Northwest Zone has suggested that N485,000 be the new national minimum wage for all workers in the country. The Times stated that a document presenting this idea was presented at the North West Public hearing on Thursday. The meeting, which was a […]

Starlink raises hardware costs in Nigeria by 112%
Technology

Starlink raises hardware costs in Nigeria by 112%

Elon Musk’s internet service provider Starlink raised the cost of its technology by 112%. Up until recently, the Starlink internet router was sold for N378,000; presently, it is offered for N800,000. The N38,000 monthly membership fee for the internet service is still in place according to The Times. Starlink has not provided a reason for […]

Vitafoam shareholders okay N1.95m dividend
News

Vitafoam shareholders okay N1.95m dividend

The N1.95 billion dividend that Vitafoam Nigeria Plc announced has been authorized by its shareholders. Nairametrics stated that, the dividend approved during the 62nd Annual General Meeting of the firm in Lagos, is equivalent to N1.56 kobo for each Ordinary Share, valued at 50 kobo. The stockholders whose names are included in the Register of […]

US, China demand pushes oil prices beyond $83pb
Business

US, China demand pushes oil prices beyond $83pb

Early Friday trade indicated that oil prices had risen, driven by increased demand from the world’s two biggest consumers China and the United States. An upbeat assessment of prospective rate cuts from the US Federal Reserve added credence to this according to The Times. Brent oil futures were up 0.6%, or 49 cents, to $83.45 […]

Trump opens TikTok account amid pending ban deadline
News

TikTok users flood US lawmakers with call to stop ban

Lawmakers across Capitol Hill are inundated with calls from TikTokers who’ve received an in-app pop-up urging them to call Congress and prevent the potential banning of TikTok. The message asserts that Congress is planning a total ban on TikTok and encourages users to voice their concerns before what it claims is a threat to the […]

Air cargo demand rises by 18.4% January - IATA
Aviation

Air cargo demand rises by 18.4% January – IATA

Melvin onwubuke The International Air Transport Association (IATA) has released data for January 2024 global air cargo markets indicating a strong start to 2024. Total demand, measured in cargo tonne-kilometers (CTKs), increased by 18.4 per cent compared to January 2023 levels (19.8 per cent for international operations). This significant upturn marks the highest annual growth […]

FG begins construction of 700km Lagos-Calabar highway
News

FG begins construction of 700km Lagos-Calabar highway

By Melvin Onwubuke The Federal Government on announced it had begun the construction of the 700km Lagos-Calabar Coastal Highway. The Minister of Works, David Umahi disclosed in a statement issued by his Special Adviser on Media, Orji Uchenna,on Thursday in Abuja. The works minister, who addressed journalists after the council meeting, said the 47.47km dual […]

NPA records N501bn revenue in 2023
News

NPA records N501bn revenue in 2023

Melvin Onwubuke   The Nigerian Ports Authority has said that its annual revenue grew to N501bn in 2023 from N361bn in the prior year. In a statement on Thursday, NPA’s Managing Director Mohammed Bello-Koko said that the revenue increase was due to the implementation of performance-enhancing measures. It noted that it had successfully exceeded its […]

SEC seeks measures to reduce N190bn unclaimed dividend
News

SEC seeks measures to reduce N190bn unclaimed dividend

Melvin Onwubuke   The Securities and Exchange Commission said that it has intensified strategies for reducing the level of unclaimed dividends by investors on the capital market. After holding a three-day investor clinic in Yobe State to address investors’ complaints, the apex regulatory body entrusted with regulating and developing Nigeria’s capital market disclosed this to […]

Nigeria begins export to South Africa, others April - AfCTA
featured News

Nigeria begins export to South Africa, others April – AfCTA

Melvin Onwubuke Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon, and Kenya from next month under the Guided Trade Initiative of the African Continental Free Trade Area. this was disclosed by the Executive Secretary of, the National Action Committee on AfCFTA, Olusegun Awolowo, while Speaking on the […]

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