Economy

The Nigeria Labour Congress (NLC) has threatened to embark on a sit-at-home protest if the state government failed to comply with its demands on wage award by the end of October. Our correspondent reports that the union insisted on a…
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The naira has maintained its downward trend after commencing trading at 1,175/$ and closed at 1,190/$ at the parallel market. Recall on October 18, 2023, the naira had traded at 1,100/$ at the parallel market before weakened to weakened…
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The Federal Executive Council, FEC, yesterday proposed the sum of N26.01 trillion for the 2024 fiscal year to be submitted to the National Assembly. The government said it was working towards ensuring that the January to December budget…
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The Ayedero of Yorubaland and former member of the House of Representatives, Honourable Shina Abiola Peller, has emphasized the need for Turkish enterpreneurs and investors to engage with Nigeria’s growing market for a remarkable Return on…
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The Governor of Oyo State, Engr. Oluseyi Makinde has reassured his commitment to sustainable development through tourism as one of the pillars to expand the economy of Oyo state. Seyi Makinde stated this on Saturday while speaking at the…
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Nigeria’s naira has continued its free fall on Tuesday as it exchanged for the dollar at the parallel market at between 1,005/$ and 1,025/$. Recall that the naira had maintained a downward trend since the Central Bank of Nigeria allowed…
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Governor Seyi Makinde of Oyo state has inaugurated an eleven-man ADHOC Inter-ministerial committee on the harmonization of the demands by the labour unions in the state. Speaking at the event held at the Executive Chambers of the Agodi,…
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The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it plans to increase its pump prices for Premium Motor Spirit, commonly referred to as petrol. The company’s management, in a statement shared Friday on X,…
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The Association of Meter Manufacturers of Nigeria has formally withdrawn the court case it instituted to stop the procurement process for phase two of the national mass metering programme (NMMP). According to a statement by the…
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After about five hours of horse trading between the organised labour and the federal government team on the proposed indefinite strike slated to commence October 3, labour has suspended the strike for 30 days. Before the agreement was…
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