June 09
Nigeria: Mixed Bag for Nigeria's Economy in Tinubu's First Year
With borrowing not offering a lot of prospects, the government's attention shifted more to alternative means of growing the economy including attracting foreign direct investments… Read more »
Nigeria: Niger Collapsed Mine - Alake Condoles Victims, Vows to Enforce Miners Insurance
To enhance safety measures and relieve miners and their families in the event of accidents, Mr Alake declared that insurance policies for miners across the country will be… Read more »
Nigeria: Minimum Wage - Proposed N62,000 Grossly Inadequate for Nigerian Workers - Group
"The current economic realities make the proposed wage of N62,000 by the federal government to the labour union grossly inadequate to meet the basic needs of workers and their… Read more »
Nigeria: How Naira Devaluation Impacts Imports Positively, Exports Positively - Official
According to the official, imports and exports are usually affected by market forces, which implies the forces of demand and supply. Read more »
Nigeria: $10 Billion Gas Project - National Assembly, NLNG Head for Showdown Over Contract Details
The NLNG has instructed the project contractors not to give access to committees of the National Assembly to the details of the Train-7 gas project in Rivers State. Read more »
June 07
Nigeria: How Bank Security Guards Assaulted Me During Labour Strike - Journalist
The journalist Emmanuel Nwazue, who works at Afia TV, was allegedly assaulted by the security guards while he was monitoring the strike declared by the labour unions. Read more »
Nigeria: Naira Gains Slightly At Forex Markets
Naira closed on Thursday at N1,481.49 as against N1,488.60/$1 posted in the previous segment on Wednesday Read more »
June 06
Nigeria: Scorecard - Knocks for Tinubu As Power Supply Across Nigeria Remains Unstable
"There is evidently no improvement in the availability, reliability and affordability of electricity in Nigeria today. Instead, we have less available." Read more »
Nigeria: 14 Still Trapped in Collapsed Niger Mining Pit
The state's Commissioner for Mineral Resources, Garba Yahaya, listed the names of the 14 trapped miners. Read more »
Nigeria: Nigeria's Power Struggles - How Renewable Energy Can Light the Way Forward
Frequent blackouts disrupt daily life and hinder economic development. This situation has been exacerbated by the recent government decision to raise electricity tariffs. Read more »
Nigeria: ICPC Arraigns Official for Rural Electrification Agency Fraud, As Court Orders Arrest of Others
At least five officials of the Rural Electrification Agency have been charged separately by the ICPC for various amounts of funds, amounting to over N1.2 billion, they allegedly… Read more »
Nigeria: Reps Approve FCT 2024 Supplementary Budget of N98.5 Billion
The N98.5 billion is in addition to the N1.2 trillion budget passed in March by the National Assembly. Read more »
Nigeria: Senate Urges Govt to Deploy Security Agencies in Mining Communities
Over 30 people died while seven others were rescued at a collapsed mining site in Galadima Kogo, in Shiroro Local Government Area of Niger State on Monday. Read more »
Nigeria: Despite Tinubu's Pronouncement, Nigerian Govt Spent N3.6 Trillion On Subsidy in 2023
Despite Tinubu's pronouncement, Nigerian govt spent N3.6 trillion on subsidy in 2023 Read more »
June 05
Nigeria: NDIC to Begin Payment of Heritage Bank Depositors - Official
The official says Heritage Bank had deposits worth N650 billion and loans of about N700 billion. Read more »
Nigeria: Empower New Energy Delivers First-of-Its-Kind Solar Battery Energy Storage System for Justrite Superstores
This installation, the first of its kind in the West African supermarket chain space, represents a total investment of US$6.5 million, fully financed by Empower. Read more »
Nigeria: Reps Ask Govt to Jettison Minimum Wage for Living Wage
The lawmakers observed that there are existing internal and external economic forces that are putting pressure on Nigerian workers. Read more »
Nigeria: Insecurity Hindering Rescue of Trapped Miners - Official
Those trapped include the site manager identified as Ibrahim Ishaku and dozens of mine workers. Read more »
Nigeria: Tinubu Directs Finance Minister to Present Potential New Minimum Wage in Two Days
"We were all there to look at all issues, and the president has directed the Minister of Finance to do the numbers and get back to him between today and tomorrow so that we can… Read more »
Nigeria: Market Capitalisation Sheds N38 Billion As Investors Sell Off Banking Stocks
The All-Share Index also closed 0.07 per cent or 68 points lower to settle at 99,051.02. Read more »
Nigeria: 50 Miners Trapped As Mining Pit Collapses in Niger
Emergency management official says banditry was hampering rescue operations in the area of the accident. Read more »
Nigeria: Three Nigerian Companies Bag $17 Million UK Investment Support Fund
It said the investments are expected to provide energy for more Nigerians, reduce carbon emissions, lead to the creation of 1100 jobs, and support thousands of livelihoods. Read more »
June 04
Nigeria: In Grand Style, UBA Celebrates Children, Marks African Day
UBA said as a pan-African financial institution, celebrating the children and youth and the culture of Africa was one of the few ways of appreciating its clients and staff for the… Read more »
June 05
Nigeria: Solid Mineral Sector in One Year of Tinubu's Administration - the Journey So Far
The solid mineral sector continues to make paltry contributions to Nigeria's revenue despite the promises of successive administrations to use it to diversify and boost the… Read more »
June 04
Nigeria: Labour Unions Suspend Strike
The announcement was made by the TUC President, Festus Osifo, following a joint extraordinary national executive council meeting of the unions held in Abuja on Tuesday. Read more »