Business - Page 203

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

The Nigerian naira appreciated significantly on Monday, closing at 1,339.33 per dollar in the official window. This marks a 9.68% increase from Friday’s rate of 1,482.81 per dollar. According to data from

Emmanuel Ochayi

May 28, 2024

Missed Flight: Keyamo Orders Probe Into Air Peace, Oshiomhole Clash

Business·News·Travel

Nigeria, Saudi Arabia To Resume Cargo Flight Operations – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed that plans to resume cargo flight operations between Nigeria and Saudi Arabia have been concluded.

Victor Ezeja

May 27, 2024

Nigeria Now Leading Cement Exporter In Africa – Dangote

Business·News·Oil & Gas

Dangote Refinery To Begin Diesel Exports In June, Gets NMDPRA’s Approval To Refine Petrol

The Dangote Refinery, Africa’s largest, is set to commence the export of diesel meeting European standards in June, alongside the introduction of gasoline into the Nigerian market. This development was confirmed by

Emmanuel Ochayi

May 27, 2024

Minimum Wage Debate: NECA Warns Of Business Collapse Over N400,000 Demand

Business·News

Minimum Wage Debate: NECA Warns Labour Union Of Business Collapse Over N400,000 Demand

The Director-General of the Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, has called on organized labour to reconsider their demand for a N400,000 minimum wage, cautioning that it could lead to

Emmanuel Ochayi

May 27, 2024

10 Sectors In Nigeria With The Lowest GDP Growth Rate

Business·News

Nigeria’s GDP Growth Dips By 2.98% For Q1 2024- NBS Reveals

The National Bureau of Statistics (NBS) has reported that Nigeria’s Gross Domestic Product (GDP) grew by 2.98% in the first quarter (Q1) of 2024. This marks a slight decline from the 3.46%

Emmanuel Ochayi

May 27, 2024

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·News

International Consumers Owe Nigeria Over $51M For Electricity, Says Nigerian Government

International consumers owe Nigeria over $51 million for electricity exported to them in 2023, according to the latest data from the Federal Government. This non-payment, covering various quarters of the year, has

Emmanuel Ochayi

May 27, 2024

Business·News

Adopt Concrete Road Construction Over Asphalt- Dangote Urges Nigerian Govt

Aliko Dangote, President of Dangote Industries Limited, has called on the Federal Government to replace asphalt roads with concrete roads, emphasizing their durability and cost-effectiveness. Speaking at the commissioning of the Apapa-Oworonshoki

Emmanuel Ochayi

May 27, 2024

Business

UBA Shareholders Approve Recapitalisation Plan, Applaud 2023 Financial Performance

United Bank for Africa (UBA) Plc, shareholders have approved proposal to increase capital base of the bank in line with CBN’s recapitalisation directive. The shareholders equally praised the board, management and staff

Admin

May 26, 2024

Business·News

Workers React As Obaseki Pays N70,000 New Minimum Wage

The Edo State Government has implemented the N70,000 minimum wage for its workers, fulfilling a promise made by Governor Godwin Obaseki. This increase, effective from May 2024, was announced during the commissioning

Emmanuel Ochayi

May 26, 2024

Business·News

CBN’s Independence Under Threat As Senate Proposes Amendments

The Nigerian Senate’s proposed amendments to the Central Bank of Nigeria (CBN) Act of 2007 have sparked a heated debate. The amendments, which aim to introduce stricter controls over the CBN’s operations,

Emmanuel Ochayi

May 26, 2024

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Business - Page 203

Naira Appreciates To N1,3339/$1 At Official Market As CBN Addresses Market Volatility

Nigeria, Saudi Arabia To Resume Cargo Flight Operations – Keyamo

Dangote Refinery To Begin Diesel Exports In June, Gets NMDPRA’s Approval To Refine Petrol

Minimum Wage Debate: NECA Warns Labour Union Of Business Collapse Over N400,000 Demand

Nigeria’s GDP Growth Dips By 2.98% For Q1 2024- NBS Reveals

International Consumers Owe Nigeria Over $51M For Electricity, Says Nigerian Government

Adopt Concrete Road Construction Over Asphalt- Dangote Urges Nigerian Govt

UBA Shareholders Approve Recapitalisation Plan, Applaud 2023 Financial Performance

Workers React As Obaseki Pays N70,000 New Minimum Wage

CBN’s Independence Under Threat As Senate Proposes Amendments

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