FG pays NiMet workers’ 45-month minimum wage backlog
The federal government has paid the outstanding 45-month minimum wage arrears owed to Nigerian Meteorological Agency workers. This was disclosed in a…
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Lower regulatory burden on manufacturing sector, CPPE tells FG
The Centre for the Promotion of Private Enterprise has encouraged the federal government to lessen the regulatory burden on the country’s manufacturing…
700,000 manufacturers, MSMEs register for FG N150bn loan – Minister
Minister of Industry, Trade and Investment, Doris Aniete has said that about 700,000 manufacturers and micro, small, and medium-sized firms have indicated…
Tech giant Cisco to fire 4,000 employees, says report
Cisco Systems is set to announce a new wave of layoffs, potentially affecting a number similar to or greater than the 4,000…
FG launches $500m power transmission infrastructure for Lagos-Ogun industrial corridor
The Federal Government has launched a $500m Japanese International Corporation Agency intervention project to boost power transmission infrastructure along the Lagos-Ogun industrial…
AU states adopts AI in public, private sectors
The African Union Executive Council has adopted the “Continental Artificial Intelligence Strategy,” that calls for the adoption of AI in the public…
CBN list guidelines for fund repatriation by companies
The Central Bank of Nigeria has announced the documentation requirements for divestments and repatriation of foreign investments related to the Certificate of…
Power generation hits 5,105MW in July – Minister
The Minister of Power, Adebayo Adelabu, has stated that Nigeria’s power sector generated 5,105 megawatts of electricity on July 27, 2024, describing…
FG considers tax breaks for companies – Minister
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has stated that the federal government is considering giving…
SMEs can’t afford N70,000 minimum wage – Business owners
Associations and operators of small businesses in Nigeria have stated that SMEs in Nigeria can’t afford to pay the N70,000 minimum wage…
CBN endorse Providus Bank, Unity Bank merger
The Central Bank of Nigeria has granted the merger of Providus Bank and Unity Bank. This was disclosed in a statement signed…
Court grants students who hacked MTN N50m bail
A Federal High Court in Lagos granted N50 million bail each to two students, Timothy Oluwabukola from Moshood Abiola Polytechnic and Anthony…