Organized Labour, consisting of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC, has outlined details of its proposed N615,000 minimum wage. The details were contained in a statement released by the NLC on Friday. According to the statement, Food and Transportation took the larger proportion of the […]

Changpeng Zhao, the founder and former chief executive of the Binance cryptocurrency exchange, has been sentenced to four months in jail after he pleaded guilty to a money-laundering violation. He was sentenced in U.S District Court in Seattle, as all the efforts of his lawyers to put him on probation […]

Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At least four fintechs—Opay, Moniepoint, PalmPay and Paga—have communicated this development to their customers on Friday. Last week, the Central Bank of […]

As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences. As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National Petroleum Company Limited to extend its final deadline for licensing renewal to July. It also appealed to […]

The Federal Government has raised a total sum of N11tn through auctions and sales of Treasury bills and saving bonds issuance in four months, according to findings by The PUNCH An analysis of bonds and bills results issued this year by the Central Bank and the Debt Management Office showed […]

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the huge purchase of foodstuffs by the government as palliatives is contributing to the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website […]

It said this is outside the $600 million it injected in the acquisition of equipment, including trucks, container cranes as well as advanced operational controls, digital interfaces, and extensive training of employees since 2006. Keith Svendsen, Chief Executive Officer of APM Terminals, in a statement titled “Our Vision For Nigerian […]

Shell Nigeria Gas and the Oyo State Government have signed an agreement to develop a gas supply and distribution infrastructure that will deliver gas to industrial and commercial users in the state. A statement released on Friday by Shell Nigeria’s Media Relations Manager, Abimbola Essien-Nelson, disclosed that SNG will build […]

The Chairman of Dangote Industries Limited, Aliko Dangote has described the floating of naira by President Bola Tinubu’s administration as the biggest mess that affected his company and other business owners in 2023. Floating the naira allows market forces to determine its value in relation to other currencies. Dangote said this […]