Blog

Aviation auditors begin security audits of Lagos, Abuja airports
Business

FG secures 200 hectares Lekki land for building materials hub

The Federal Government has secured 200 hectares of land in the Lekki Free Trade Zone, Lagos, to establish a building materials hub aimed at reducing housing construction costs nationwide. Housing and Urban Development Minister, Ahmed Dangiwa, revealed this during a tour of the Lekki and Lagos Free Zones, according to NAN. He said the hub […]

Naira and Dollar displayed
featured Finance

Naira records highest single-day gain at official FX market

The Naira on Thursday recorded the highest single-day gain against the dollar at the official foreign exchange market this week amid a continued rise in the country’s external reserves, hitting $41.24 billion. The Central Bank of Nigeria’s data showed that the Naira appreciated to N1,535.47 per dollar on Thursday, up from N1,537.07 on Wednesday. This […]

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

NLC urges states to emulate Imo’s N104,000 minimum wage

The Nigeria Labour Congress has called on the Federal and other state governments to emulate Imo State in implementing the N104,000 minimum wage for workers in the country. The President of NLC, Joe Ajaero, made the call in an interview with newsmen on the sideline of the National Union of Civil Engineering Construction, Furniture and […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
Economy

NEC unveils framework to achieve $1trn economy by 2030

The National Economic Council on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda and actualising the $1tn economy target of the administration of President Bola Tinubu. This was part of the resolutions reached at the 151st meeting of the council, which commended the Ministry of Budget […]

Economy featured

FG to boost GDP by 21% with digital e-governance bill

The Federal Government has said that Nigeria’s Gross Domestic Product could receive a major boost from the digital economy, with contributions projected to rise to 21 per cent by 2030, if the proposed National Digital and E-Governance Bill is passed into law. The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, stated this […]

Obi offers measures to prevent exit of multinational companies from Nigeria
Opinion

Passports fee higher than minimum wage, Obi slams new hike

The 2023 presidential candidate of the Labour Party, Peter Obi, has slammed the federal government for the recent hike in the price of procuring passports. According to the former Anambra State governor, the President Bola Tinubu administration has placed another burden on the populace instead of alleviate it. In a tweet posted on Thursday night […]

Economy

AfDB, Nigeria launch workshop to boost trade with Benin, Cameroon

The African Development Bank, in collaboration with Nigeria’s Federal Ministry of Industry, Trade, and Investment, has launched a technical workshop to strengthen trilateral trade cooperation among Nigeria, Benin, and Cameroon. The two-day workshop, which opened on Thursday at the AfDB office in Abuja, seeks to refine and expand trading mechanisms among the three countries in […]

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

Lagos NLC demands N150,000 minimum wage

The Nigeria Labour Congress, Lagos State chapter, is demanding a minimum wage of N150,000 for Lagos State workers, following the increase in the minimum wage by the Imo and Ebonyi governments. The chairperson of NLC in Lagos, Funmi Sesi, made the call on Thursday, while reacting to the minimum wage increase by Imo and Ebonyi […]

Business

T2 partners Huawei to rebuild core network in turnaround push

T2, the Nigerian telecom operator formerly known as 9mobile, has partnered with Chinese tech giant Huawei to rebuild its core network, marking the first major step in its turnaround drive. The multi-million-dollar agreement is T2’s biggest move since its rebrand earlier this month. With fresh investment and a new identity, the operator is banking on […]

News

Excess Crude Account rises to $535,823 in August

Nigeria’s Excess Crude Account stood at $535,823.39 as of August. This was disclosed by the Accountant-General of the Federation, Shamsedeen Ogunjimi on Thursday, during the National Economic Council meeting on Thursday, chaired by Vice-President Kashim Shettima. The balance reflects an increase from the $473,754.57 recorded in April. The ECA, established in 2004 under former President […]