Subsidy: We agreed on wage award not minimum wage review – NLC
The Nigeria Labour Congress has said its priority would be to get salary awards to cushion the effects on workers. The organized labour said this ahead of its rescheduled…
CBN ends naira for dollar, issues new forex regulations
The Nigerian Central Bank has announced operational adjustments to the foreign exchange market. The Nigerian Foreign Exchange Market will no longer operate with segmentation, according to a statement from the…
UAE ranks second worldwide for attracting millionaires
Recent research has revealed that the UAE is predicted to draw 4,500 millionaires by the end of 2023, the second-highest number of any country worldwide. Arab News reported that the…
Nigeria exchange rate plunges 29% in one day
The official exchange rate between the Nigerian naira and the US dollar concluded at N664.04/$1 at the investor and exporter window, signifying a significant devaluation of 29% in a single…
Nigerian agrictech startup invests $100m in African smallholder farmers
Nigerian agrictech startup, ThriveAgric has claimed to have invested more than $100 million to help 514,000 smallholder farmers increase food production in Africa. According to Nairametrics, this was stated by…
Tinubu signs data protection Bill
President Bola Ahmed Tinubu has signed the Nigeria Data Protection Bill, 2023 into law. The Nigeria Data Protection Act, 2023 provides a legal framework for the protection of personal…
NPA to receive transit cargo at Lekki port
The Nigerian Ports Authority, NPA, has commissioned two tug boats in advance of the anticipated transit cargo from a yet unnamed country in an effort to continue its efforts to lure…
Nigeria company tax Q1 2023 hits N469bn – NBS
The National Bureau of Statistics has reported the country's total Company Income Tax for the first quarter of 2023 to be N469.01 billion. The information was revealed in the NBS Company Income…
Nigeria ousts Angola as Africa’s top oil-producing country – OPEC
Nigeria is now Africa's top oil producer, surpassing Angola, whose output was at 1.1 mb/d, while Equatorial Guinea is now the continent's lowest producer with 56,000 bpd. According to Vanguard,…
Govs make mockery of minimum wage — NLC
By Wilson Adekumola The Nigeria Labour Congress, has disclosed that governors have made a mockery of what a national minimum wage should be in Nigeria by reducing it to…
Rail transport passengers drop by 53% – NBS
The Rail Transportation Data report published by the Nigerian Bureau of Statistics has revealed that the number of passengers using rail transportation in Nigeria decreased significantly in the first quarter…
Stock market soars after Emefiele’s suspension – Report
The Nigerian stock market reached unprecedented heights on Tuesday, catapulting to its highest level since July 2008. This surge comes on the heels of the suspension of Central Bank Governor,…
