Thursday, March 20, 2025
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 […]
Aliko Dangote, Africa’s richest billionaire, has decried difficulties faced by investors travelling on the African continent on the requirement of 35 different visas on their Nigerian passports. Dangote, who stated this recently at the Africa CEO Forum Annual Summit in Kigali, Rwanda, said, “I still complained to President Paul Kagame […]
Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc, and Zenith Bank Plc are the three listed Nigerian lenders that recorded the highest growth in net interest income in the first quarter of 2024, data compiled by BusinessDay shows. According to their latest financial statements, the net interest income of Access Holdings […]
The Nigerian government has highlighted the potential benefits of adopting Compressed Natural Gas (CNG) as a means to combat the high inflation rate, which reached 33.69 per cent in April 2024. During a stakeholders’ engagement meeting in Port Harcourt, Rivers State, the Programme Director of the Presidential Initiative on Compressed […]
Air passengers travelling through Murtala Muhammed International Airport, MMIA, Lagos, and Nnamdi Azikiwe International Airport, NAIA, Abuja, can now use free Wi-Fi, Vanguard has gathered. Special Assistant to the Minister of Aviation and Aerospace Development, Mr Tunde Moshood, on Sunday, confirmed the development. Moshood also said plans were in progress […]