FCMB Shareholders Raise Issued Capital To N150bn
FCMB Group Plc shareholders have approved a significant increase in the company’s capital base. This move will allow the financial…
Day: June 5, 2024
CNG initiative to cut petrol import spendings by $4.4bn annually–FG
Nigeria’s government is launching a Compressed Natural Gas (CNG) initiative to reduce reliance on expensive petrol imports and promote cleaner…
Foreign airlines mull comeback as FG clears trapped funds
Foreign airlines are flocking back to Nigeria after the government cleared nearly all of their previously trapped funds. This positive…
Minimum wage: Our 494k demand is not fixated – TUC president
Nigeria’s five-day-old labor strike protesting low wages has been called off to allow for continued negotiations between unions and the…
Naira remains calm across FX markets dollar sales rise by 94.46%
Nigeria’s naira remained relatively stable on Tuesday across both official and unofficial foreign exchange markets. Despite a significant rise (94.46%)…
Fitch Ratings sees naira settling at 1450/$ by December
Fitch Ratings, an international credit agency, forecasts the Nigerian naira to end 2024 at 1450 per dollar. They acknowledge the…
Oil investors wrestle 20 agencies in dollar-starved Nigeria
Nigeria’s oil and gas sector, despite boasting Africa’s largest oil reserves, is struggling to attract investment due to excessive bureaucracy.…
Minimum Wage Talks Paused for Further Consultation
Nigeria’s tripartite committee tasked with negotiating a new minimum wage has temporarily halted discussions to allow for wider consultations with…
Customs intercept N96m marijuana along Lagos Bar Beach
Nigerian Customs officers intercepted a large shipment of cannabis sativa worth an estimated N96 million during a patrol along the…
FG to Mandate Oil Sales to Dangote Refinery
Nigeria’s oil regulator, NUPRC, is stepping in to ensure international oil companies (IOCs) supply crude oil to the newly built…
CNG will reduce petrol imports by $4.4bn–FG
Nigeria is making a strong push to transition towards Compressed Natural Gas (CNG) as a transportation fuel. The government aims…
Nigeria loses N149bn to one-day oil workers strike
Nigeria’s oil production was significantly disrupted due to a nationwide strike by oil workers protesting the government’s minimum wage proposal.…
Global unemployment declines, says ILO
The International Labour Organization (ILO) predicts a small decline in global unemployment for 2024, reaching 4.9% compared to 5.0% in…
Atlanta Black Chambers names Nigerian spokesman
The Atlanta Black Chambers (ABC), a prominent organization supporting Black-owned businesses, has appointed Samuel Adeyemi to a key leadership role.…
Nigerian Pension Provider Launches AI Chatbot for Improved Customer Experience
Veritas Glanvills Pensions Limited (VG Pensions) has introduced an innovative customer service solution – an AI-powered chatbot named Vicki. This…
Passengers Report Stolen Belongings on Air Peace Flight
Several passengers on a recent Abuja-bound Air Peace flight claim their belongings went missing during the trip. A Nigerian passenger,…