Saturday, April 19, 2025
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning that any deviation would not be tolerated. According to the FG, the new minimum wage is necessary to address the current economic reality, emphasising that no Nigerian worker, whether in […]
The naira, on Tuesday, recorded a six-month low of N1,656.49 per dollar in the official foreign exchange (FX) market following a strong demand for the greenback by the end users. On February 23, 2024, the naira/dollar exchange peaked at N1,665.50/$ on dollar shortages. The turnover on that day was $151.93 […]
The Central Bank of Nigeria (CBN) has issued a strong warning to commercial banks, payment system service providers, and other financial institutions regarding delays in responding to customer complaints. According to a new directive, banks will face a fine of N100,000 per day if they fail to address customer complaints […]
The number of new study permit applications processed by the Canadian government decreased by 54 percent in the second quarter (Q2) of 2024 when compared with the corresponding period of 2023. According to an analysis by ApplyBoard, a Canadian educational technology platform, the number of applications processed will also decline […]
Marketers are yet to access petrol lifted on Sunday by the Nigerian National Petroleum Company (NNPC) from Dangote Petroleum Refinery, BusinessDay has learnt. Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN), on Tuesday, said unresolved pricing issues are among the major reasons why its […]
Travel agents operating in Nigeria say Emirates’ ticket bookings have slowed on the back of the airline’s dollar charges and stringent visa rules by the United Arab Emirates (UAE). Emirates recently announced its resumption on October 1 after two years of suspending its services in Nigeria. All fare inventories on […]
As reactions continue to trail the Dangote Refinery and the Nigerian National Petroleum Company Limited’s fuel price deal, the House of Representatives Minority Caucus has described the N980 per litre of pump price as outrageous and exploitative. Chairman of the caucus, Kingsley Chinda, said the development was a burden added […]
Dantata visits Maiduguri, donates ₦1.5bn to flood victims Elder stateman and business mogul, Alhaji Aminu Alhassan Dantata, has donated N1.5 billion to victims of the flood which ravaged parts of Maiduguri, Borno state capital. Dantata made the donation when he led a delegation from Kano to Government House, Maiduguri, […]
As part of efforts to diversify the economy the federal government is set to launch a comprehensive strategy to position the country as a leading player in the Halal global market. Towards this, it will on Wednesday launch the project to tap into the burgeoning Halal market- products and services that meet […]
Fuel subsidy removal poses risk to external reserve growth – CBN The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025. CBN disclosed this in its Monetary, […]