Saturday, April 19, 2025
…To meet FG on how Nigerians, workers can cope …Insists Tinubu betrayed Labour The Nigeria Labour Congress, NLC, said Thursday it would meet with the federal government on how workers could survive the recent hike in the pump price of petrol. According to the labour movement, the current price of petrol […]
The Naira yesterday depreciated to N1,650 per dollar in the parallel market from N1,645 per dollar on Wednesday. Similarly, The Naira depreciated to N1,544.02 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,544.02 per dollar from N1,539.65 […]
Nigeria has seen a significant surge in its foreign debt servicing costs, with an increase of 96% year-on-year, according to the latest data released by the Central Bank of Nigeria (CBN). By the end of May 2024, the country’s debt services and payments had reached $2.19 billion, a sharp rise from $1.12 billion […]
The former governor of Kogi state, Yahaya Bello, reportedly visited EFCC commission on Wednesday, September 18, but was reportedly turned back because he came in a convoy with a sitting governor. The Nation reports that a source in the commission who spoke on condition of anonymity, said the Chairman […]
The Nigerian naira experienced an appreciation against the U.S. dollar on Wednesday, buoyed by an increase in dollar liquidity in the official foreign exchange (FX) market, gaining N116.84 to close the day on a positive note. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira appreciated by 7.59 per […]
Volatile exchange rate and galloping inflation have slowed the growth of Nigeria’s real estate sector, forcing potential investors to second-guess their moves. Property prices have jumped across the Nigerian market, but real earnings have failed to match them, slowing investments and growth. The contribution to construction to the real gross […]
For decades, Nigeria’s economy has been closely tied to the fluctuations of global oil markets. Since the discovery of oil in 1956, it has been the main source of revenue and dominated exports. However, as the world moves towards greener energy and oil prices become increasingly volatile, Nigeria is shifting […]
Hon. Justice Olufunke Anuwe of the Abuja Judicial Division of the National Industrial Courth as declared the failure of the Clerk of the National Assembly to pay Abed Anyadike the sum of N10,215,756.14 being the outstanding sum of his Salary and Allowances for the period of his appointment as Senior […]
…Nigeria second on top 20 global crypto adoption list Crypto adoption in Nigeria has continued to gain traction despite crackdowns by regulatory authorities. Africa’s most populous nation retained its number two spot on the 2024 Global Crypto Adoption Index Top 20, according to Chainalysis, a global blockchain platform. This ranking, […]
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) may face a tricky decision regarding whether to hold or raise the benchmark interest rate in view of the recent petrol price hikes. With inflation slowing for the second straight time to 32.15 percent in August 2024, analysts had projected […]