Thursday, March 20, 2025
The federal government through the Nigeria Immigration Service (NIS) has commenced the installation of eGates at the Murtala Muhammed International Airport (MMA), Lagos. This is in a bid to enhance national security, passenger facilitation and ease of doing business. This is as it disclosed that over 107 thousand passports have been produced […]
Nigeria’s letter of credit payments have plummeted by 63% in the first quarter of 2024 compared to the same period in the previous year, according to the International payments data of the Central Bank of Nigeria (CBN). The total letter of credit payments made via official channels for Q1 2024 […]
The federal government have revealed that the United Arab Emirates (UAE) visa ban on Nigerians has been resolved and an announcement regarding that will be made soon. Festus Keyamo, minister of aviation and aerospace development, made this known on Wednesday in a statement reacting to the criticism from Osita Chidoka, […]
The Federal Government spent N628.61bn as subsidy on electricity in 2023, as power distribution companies collected a total revenue of N1.08tn during the same period, the latest industry data obtained from the Nigerian Electricity Regulatory Commission on Wednesday showed. An analysis of figures from the power sector regulator indicated that […]
Organised Labour on Wednesday reduced its demand for an improved new minimum from an initial N615,000 to N500,000 after an agreement could not be reached at the Tripartite Committee meeting on Tuesday. The Deputy President of Nigeria Labour Congress Political Commission, Prof. Theophilus Ndubuaku, disclosed this in an exclusive phone chat with […]
The Central Bank of Nigeria has updated its regulatory guidelines for Bureau De Change operators. After consulting with stakeholders, the following changes were made: The mandatory caution deposit of N200m for tier-1 BDC licence holders has been removed. Similarly, N50m for tier-2 licence holders has also been waived. The non-refundable […]
The price of Automotive Gas Oil, popularly called diesel, produced by the Dangote Petroleum Refinery has increased from N940/litre to N1,100/litre due to the crash of the naira against the United States dollar, it was gathered on Tuesday. Recall that on April 24, 2024, The PUNCH reported that the Dangote […]
Meeting on the ongoing negotiations on new minimum wage has been adjourned till Wednesday after the organised labour rejected the new N54,000 minimum wage proposal by the Federal Government, a highly reliable source who attended the meeting told our correspondent on Wednesday. Platinum Times Nigeria had exclusively reported that the Federal […]
Abubakar Kyari, Minister of Agriculture and Food Security has said that the country made N358 billion in cocoa export in 2023. According to him, the figure is the highest agricultural contributor to Nigeria’s gross domestic products for the period. The minister also said that the country is seeking ways to […]
Patrick Pouyanne, the chief executive officer of TotalEnergies, has said that the company is investing $6 billion in energy projects in Angola over Nigeria, citing inconsistency in policymaking in Nigeria as the primary reason for this decision. During the Africa CEO panel in Kigali, Rwanda, Pouyanne said that despite the […]