Category: Economy

The total Assets of the insurance industry stood at N2.32 trillion in the fourth quarter of 2022, representing a 2.4 per cent, expansion quarter-on-quarter and 4.4 per cent year-on-year, the National Insurance Commission (NAICOM)...

The Nigeria Employers Consultative Association (NECA) yesterday 23rd-March-2023 advised the Nigeria Labour Congress (NLC) to shelve its planned strike against the prevailing naira scarcity in order to avoid dragging the economy into a deeper...

When we go down memory lane, we will recall  that Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and...

The Head of Engineering, OnePipe, Victor Irechukwu, has called on the federal government to tackle cases of online fraud in order to make epayments more acceptable to all. Irechukwu, in a statement, said the commonly...

The Minister of State for Petroleum Resources, Timipre Sylva, has said the Port Harcourt refinery is near completion and will be ready for work in the second quarter of 2023.  The Minister stated this...

The Federal Executive Council has approved the sum of N5.16bn, on Wednesday, 22nd-March-2023,  for the construction of two accommodation facilities comprising 192 flats of various room capacities for personnel of the National Drugs Laws...

Bayelsa State Governor, Senator Douye Diri, has said the menace of oil theft poses a serious threat to the Niger Delta region. Governor Diri, who assured the state’s collaboration to tackle oil theft, called...

The Economic and Financial Crimes Commission has made a new threat. The agency threatened to arrest Nigerians hoarding dollars and other foreign currency. Chairman of the anti-graft agency, Abdulrasheed Bawa, made this known on...

Normal activities in Abuja, the Federal Capital Territory (FCT) were yesterday 27th-July-2022 disrupted as workers under the auspices of the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and their affiliates thronged the...

The President of the Nigeria Labour Congress, Ayuba Wabba has warned the federal government to expect a nationwide strike if demands by the Academic Staff Union of Universities are not met after the ongoing...

The Nigerian Labour Congress (NLC), yesterday 26th-July-2022 led a nationwide protest against the continued closure of public institutions in the nation, following strike action by the Association of Staff Union of Universities (ASUU). However,...

The Nigeria Labour Congress (NLC) has began its solidarity protest with the striking Academic Staff Union of Universities (ASUU) in Lagos. The protest which began today, saw labour members, other unions, civil society groups...

The Governor of Ogun state, “Mr. Dapo Abiodun Abiodun” yesterday 23rd-July-2022 decried the deplorable condition of the Sango-Abeokuta road, saying the federal government had failed to respond to his call to reconstruct the road....

In a recent development, the European Union (EU) has intensified pressure on Nigeria to supply gas to Europe as it attempts to wean itself off Russian gas on the back of Vladimir Putin’s war...

Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, will be embarking on a four-day warning strike beginning from Thursday July 21, 2022. The strike decision was...

The Central Bank of Nigeria (CBN) has threatened to arrest and prosecute any Nigerian caught using naira to buy dollars.   CBN Governor, Godwin Emefiele made this known on Tuesday, July 19, 2022 at the...

The Nigerian National Petroleum Company (NNPC) Limited has reacted to reports that it has increased petrol price. NNPC through its spokesperson denied directing marketers to engage in an upward review of price and pump...

Nigerians travelling abroad, including students are now to pay N40,000 for Police Character Certificate (PCC), also known as Police Clearance Certificate.  This followed a new directive from the Nigeria Police high command allegedly given...

The Nigerian National Petroleum Company (NNPC) Limited has approved an upward review in the pump price of Premium Motor Spirit (PMS) from N165 per litre to N179 per litre, effective today (Tuesday). NNPC in...

Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the country, following what is believed to be a subtle agreement between Federal Government officials...

A crisis of confidence has hit the Council of Maritime Transport Unions and Associations (COMTUA) following the constant breach of the provisions of the Memorandum of Understanding (MoU) entered into by members of COMTUA...

Recently, the Senate has commenced a probe into the alleged payment of $5 million as a professional fee by the Nigerian Maritime and Safety Agency (NIMASA) to a legal firm for the purpose of...

Vice President Yemi Osinbajo, has been praised by many Nigerians for undergoing a surgical procedure in a Lagos hospital. Osinbajo’s spokesperson, Laolu Akande, had disclosed that the Vice President was in hospital for “a...

President Buhari says Nigerians would be grateful if they knew the hardship that some other African countries are experiencing. The President made this remark when he paid homage to the Emir of Katsina, Dr Abdulmumini...

Shehu Sani, a former Kaduna Central Senator, has waded into the lingering ASUU strike. The ex-lawamker suggested a way to end the ongoing strike by the Academic Staff Union of Universities. Sani said money...

A list of 14 directors to replace suspended Accountant-General of the Federation (AGF), Ahmed Idris has been revealed. The candidates were shortlisted to replace Idris accused of engaging in fraud. A circular from the...

The industrial action embarked upon by members of the Parliamentary Staff Association of Nigeria (PASAN) has entered day four as the protesters arrived the National Assembly complex yesterday with cooking pots, mattress, water etc....

Nigeria’s total public debt stock, comprising the debt obligations of the federal government, states and the Federal Capital Territory  (FCT) rose from N39.56 trillion in December 2021 to N41.60 trillion ($100.07 billion) in the...

Former presidential candidate and former Secretary to the Government of the Federation (SGF), Chief Olu Falae, yesterday argued that unless Nigeria promulgates a new constitution and make provisions for state and local government policing,...