Tinubu vows to restore federal authority amid economic challenges
President Bola Tinubu’s government is working hard to strengthen Nigeria’s economy and improve security. To help with this, his administration…
Day: September 25, 2024
Oyetola promises zero piracy incidence in Nigerian waterways
The Nigerian government is working hard to make sure its maritime agencies follow global standards, especially when it comes to…
FG explains minimum wage July 29 backpay
The Federal Government has announced that payments for the new minimum wage will begin on July 29, 2024, following President…
CBN, banks sell $9.9bn as naira weakens to N1,670/$
In August 2024, foreign exchange turnover through Nigeria’s Autonomous Foreign Exchange Market surged to N15.74 trillion ($9.90 billion), a 33.88%…
Domestic air fare rises 25% to N123, 700 in one month
In August 2024, the average fare for air travel in Nigeria surged to N123,700.14, a sharp 25.51% increase from N98,560.28…
PENGASSAN urges FG to increase stake in Dangote refinery to 45%
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to raise its…
Nigeria’s unemployment rate rose to 5.3% in Q1 – Report
Nigeria’s unemployment rate increased slightly to 5.3% in Q1 2024 from 5.0% in Q3 2023, with females facing higher unemployment…
Aviation stakeholders back Emirates on dollar airfares
Aviation experts have expressed support for Emirates Airlines’ decision to charge Nigerian passengers in dollars, citing the airline’s dollar-denominated expenses…
FG raises N2.75bn via savings bond
The Federal Government’s savings bond for September 2027 has attracted successful subscriptions worth N2.75 billion, with a coupon rate of…
Legal implications of CBN’s 5% borrowing Cap: Agbakoba and Ozekhome weigh in
Legal experts have examined the implications of the Central Bank of Nigeria’s (CBN) reaffirmation to maintain its Ways and Means…
South African Rand Appreciates by 11% Amid Economic Recovery
As of September 25, 2024, the South African Rand (ZAR) has risen by 11% against the US dollar since February,…
PZ Cussons cuts pre-tax losses by 86%, boosts revenue for period ending August 31
PZ Cussons Nigeria Plc reported a pre-tax loss of N5.2 billion in its interim financial statements for Q2 2024 (ending…