The Nigeria Labour Congress (NLC) has strongly criticized the recent hike in petrol prices, describing it as a display of insensitivity toward the plight of Nigerians. The pump price of petrol has surged to between ₦1,050 and ₦1,150 per litre, following price adjustments by the Dangote Petroleum Refinery and other depot owners. Speaking to Punch,ContinueContinue reading “NLC Slams Petrol Price Hike, Accuses Government of Excluding Stakeholders”
Category Archives: Economy
Nigeria Listed Among 10 African Countries with Least Debt Burden in 2024
Contrary to popular belief, Nigeria emerges as one of the least indebted African nations in a recent report. Despite its perception as heavily indebted, Nigeria boasts the second-lowest debt-to-GDP ratio on the continent, standing at $41.59 billion or N31.98 trillion as of December 2023. The Debt Management Office (DMO) reveals Nigeria’s total debt burden toContinueContinue reading “Nigeria Listed Among 10 African Countries with Least Debt Burden in 2024”
Naira Bounces Back Against Dollar in Parallel Market
The Naira has shown signs of recovery against the United States dollar in the parallel market, climbing to N1280/$, as reported by Nairametrics from currency traders. Naira Bounces Back, Strengthening Against Dollar in Parallel Market This surge indicates a significant appreciation of N120, marking an 8.57% gain compared to Friday’s trading rate of N1,400 toContinueContinue reading “Naira Bounces Back Against Dollar in Parallel Market”
Senator Oshiomole Welcomes Representative from Italian Training Institutions, Extends Support for IYAMIDR Training Projects
Senator Adams Aliyu Oshiomole has commended the collaboration between the Italian government and the Initiative for Youth Awareness on Migration Immigration Development and Reintegration (IYAMIDR) in their efforts to address the growing issue of unemployment in Nigeria. Oshiomole, a former governor of Edo State, expressed his appreciation after receiving a delegation from Italy led byContinueContinue reading “Senator Oshiomole Welcomes Representative from Italian Training Institutions, Extends Support for IYAMIDR Training Projects”
NLC Gives Government 7 Days to Reverse Policies or Face Nationwide Strike
In a strong stance, the Nigeria Labour Congress (NLC) has issued a firm warning to the Federal Government, urging them to reconsider what they perceive as policies detrimental to the poor, within a seven-day timeframe. One of the major grievances includes the recent hike in petrol pump prices. If the government fails to address theirContinueContinue reading “NLC Gives Government 7 Days to Reverse Policies or Face Nationwide Strike”
CBN Mandates Banks to Collect Customers’ Social Media Handles, Home Addresses, and More
The Central Bank of Nigeria (CBN) has issued a directive to all banks and financial institutions, requiring them to collect additional information from their customers, including social media handles, residential addresses, and Bank Verification Numbers (BVN). This news was reported by QuickNews Nigeria, which also stated that the CBN has mandated these institutions to gatherContinueContinue reading “CBN Mandates Banks to Collect Customers’ Social Media Handles, Home Addresses, and More”
Senator Shehu Sani Forecasts Emefiele’s Future After Buhari’s Departure
Senator Shehu Sani has made a prediction about the future relationship between the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and the incoming administration of President-elect Bola Tinubu. In a tweet he shared and QuickNewsNigeria reported, the former lawmaker stated that Emefiele may not have an easy time under the new government, comparing itContinueContinue reading “Senator Shehu Sani Forecasts Emefiele’s Future After Buhari’s Departure”
Timi Frank Condemns NDDC’s MD for Allegedly Signing Illegal $15bn Railway MoU
Comrade Timi Frank has strongly criticized the Managing Director of the Niger Delta Development Commission (NDDC), Samuel Ogbuku, for allegedly signing an illegal Memorandum of Understanding (MoU) with Atlantic Global Resources Inc. for a $15 billion Trans-Niger Delta Railway Project. In a statement released in Abuja on Sunday, Frank condemned the NDDC’s MD’s actions, callingContinueContinue reading “Timi Frank Condemns NDDC’s MD for Allegedly Signing Illegal $15bn Railway MoU”
Drama as APC Vice Chairman Sues National Chairman/ National Secretary
The vice-chairman of the All Progressives Congress (APC) in the north-west, Salihu Lukman, has taken legal action against the party’s national chairman, Abdullahi Adamu, and secretary, Iyiola Omisore. Lukman is seeking a court order to compel the defendants to call for a meeting of the national executive committee (NEC) and present the party’s financial report.ContinueContinue reading “Drama as APC Vice Chairman Sues National Chairman/ National Secretary”
World Bank reports: Worldwide growth rate drops to 2% in 2023
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two per cent from 3.1 per cent in 2022. Mr Malpass said this in his Opening address at the ongoing Spring Meetings 2023 Media Call, a copy of which was obtained by the News Agency ofContinueContinue reading “World Bank reports: Worldwide growth rate drops to 2% in 2023”
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