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News - Page 713

Rwanda President Announces Visa-free Entry For All Africans

Rwanda Secures 10-Year Formula One Deal, Race Targeted for Early 2030s

October 14, 2026

Rwanda has secured a 10-year agreement to host a Formula One Grand Prix in the early 2030s, paving the way for the championship’s return to Africa for the first time since 1993.

Africa·Health·News·Top Stories

Guinea-Bissau Denies Authorising Newborn Hepatitis B Vaccine Trial

October 14, 2026

Guinea-Bissau’s transitional government said on Tuesday it had not authorised a proposed hepatitis B vaccine trial involving newborns, disputing reports that the controversial study had received approval to proceed. The proposed study,

Africa·News

United Nations Calls For $4.7bn To Aid Over 20m IDPs In Nigeria, 5 others

The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has announced that humanitarian partners will need $4.7 billion in 2024, to assist 20.9 million vulnerable people across Nigeria, Chad, and five other African countries. This was detailed in the 2024

June 7, 2024

News

World Cup Qualifier: Squirrels Fire Warning Shot Ahead Super Eagles Clash

Super Eagles June 10 opponents, Squirrels of Benin Republic, appear ready to play the spoilers should any opponent choose to treat them with kid gloves. This much emerged, after the Squirrels, also known as the Cheetahs, shocked table toppers, Rwanda, at Stade

June 7, 2024

News

Battle Of Uyo: Super Eagles Eager To Maintain Record Against South Africa

If there are two things in the mind of the Super Eagles, as they file out against the Bafana Bafana, of South Africa today, it is to pocket three maximum points on one hand and to maintain an already impressive record against

June 7, 2024

Naira Appreciates, Ends Week Positive Across Official, Black Markets

Business News·Markets·News

Naira Appreciates By N7 Against Dollar, Trades At N1,481/$1 At Official Market

The Nigerian currency, the naira, showed signs of recovery on Thursday, June 6, 2024, trading at N1,481 to the American dollar, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks a slight gain from the previous day’s rate

June 7, 2024

Minimum Wage Decision Expected as Nigerian Labour Leaders Await President's Response ABUJA, NIGERIA – The discussions on the new minimum wage between the Federal Government and Organized Labour are anticipated to conclude today, with labour leaders keenly awaiting President Bola Tinubu's verdict on their N250,000 proposal. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) had set a Monday deadline for finalizing the new minimum wage talks. Last Friday, the Tripartite Committee on National Minimum Wage concluded its meetings where the Federal Government and the Organized Private Sector agreed on N62,000, while Labour demanded N250,000. However, the Nigeria Governors Forum declared that any minimum wage exceeding N60,000 would be unsustainable. A labour leader who spoke anonymously on Sunday stated, "We have submitted the report to the president and are waiting for him to make his decision. That is the most important thing and that is what we are all waiting for." The labour leaders, including NLC President Joe Ajaero, are currently attending a labour conference organized by the International Labour Organisation in Geneva, Switzerland. The leadership plans to hold a National Executive Council meeting upon their return, where a decision on a potential strike will be made based on the president's feedback. "We must come back from Geneva first before we can hold a NEC meeting. We are also trying to be careful so the government won't say Labour is inciting citizens against it. We are waiting for the president's decision," added another top NLC official. The labour unions, comprising the NLC and TUC, recently embarked on a two-day nationwide strike to demand a new minimum wage and the reversal of the electricity tariff hike. The strike was suspended for five days after a commitment was made with the Federal Government to resume negotiations and establish a new minimum wage within a week. Following a six-hour meeting between labour leaders and the National Assembly in Abuja, President Tinubu directed the finance minister, Wale Edun, to present the cost implications of a new minimum wage within two days. The finance minister, alongside the Minister of Budget and National Planning, Atiku Bagudu, presented the cost implications at the Presidential Villa on Thursday. The president is currently reviewing the proposal and is expected to make an official announcement soon. When asked about the Monday ultimatum, a source within the NLC said, "We have sent a report to the committee and are expecting the president to act on it. We will hold a National Executive Council meeting regarding the ultimatum when we return from Geneva. It is very important for us to be there, but right now, we are patiently waiting for the decision of Mr President." Organized Labour's recent actions underscore the urgency and importance of establishing a new minimum wage for Nigerian workers. The outcome of President Tinubu's decision will be crucial in determining the next steps for both the government and the labour unions. Related News: Atiku claims to have saved Tinubu's political career Debating the appropriate wage for workers Labour criticizes governors for minimum wage stance The labour leaders and the nation await the president's decision, which will significantly impact the economic and social landscape of Nigeria.

Business News·News

Minimum Wage: Deadline Looms As Nigerian Govt Debunks N105,000 Proposal

As the five-day ultimatum given by organized labor for the federal government to propose an acceptable minimum wage nears its end, negotiations remain at a standstill. The federal government has yet to present a proposal to the tripartite committee, causing frustration among

June 7, 2024

Moghalu Highlights How Trump’s Presidency Will Affect African Economies

Business News·News

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has stressed that banks, like other entities, are in business and liable to suffer the consequences of bad management.

June 7, 2024

NGX ASI Further Drops By 0.67%, As BUA Cement, Eterna Among Top Losers

Business News·Markets·News

Equity Market Dips As Investors Offload Key Stocks

The Nigerian equity market experienced a downturn on Thursday, failing to sustain the gains from the previous day. The market declined by 0.15 percent by the close of trading, reflecting earlier predictions of a mixed week for the equities market. Investors were

June 7, 2024

News

Otti Assures His Govt’s Support Of Abia Investors As Comfort Stevens Set To Open World-class Shoe Factory

Abia State Governor, Dr. Alex Otti, has assured his government’s support of investors to stimulate industrial and economic activities in the state. Otti gave his assurance on Wednesday when he received a group of investors, led by Dr. John Nwankwo, Chief Executive

June 6, 2024

News·Sports

Chelsea Bans Further Loan Deals For Lukaku, Eye £97.5m Revenue

Chelsea have placed a ban on further loan deals for Belgium international Romelu Lukaku for good.

June 6, 2024

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

Business News·Markets·News

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

The naira depreciated to its lowest level in three weeks on the official market on Wednesday, June 5, 2024. Closing at N1,488.60/$1, the naira experienced a 0.78% drop from the previous day on the NAFEM window, according to the latest data from

June 6, 2024

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Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Iran Conflict Pushes South African Fuel Prices Sharply Higher

South Africa will raise petrol prices by more than 11%

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

India and New Zealand’s free trade agreement (FTA) will take

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has

Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Shareholders in Nigeria’s industrial goods sector recorded massive returns in

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News - Page 713

Rwanda Secures 10-Year Formula One Deal, Race Targeted for Early 2030s

Guinea-Bissau Denies Authorising Newborn Hepatitis B Vaccine Trial

United Nations Calls For $4.7bn To Aid Over 20m IDPs In Nigeria, 5 others

World Cup Qualifier: Squirrels Fire Warning Shot Ahead Super Eagles Clash

Battle Of Uyo: Super Eagles Eager To Maintain Record Against South Africa

Naira Appreciates By N7 Against Dollar, Trades At N1,481/$1 At Official Market

Minimum Wage: Deadline Looms As Nigerian Govt Debunks N105,000 Proposal

Heritage Bank: Badly-managed Banks Must Not Get Lifetime Guarantee – Moghalu

Equity Market Dips As Investors Offload Key Stocks

Otti Assures His Govt’s Support Of Abia Investors As Comfort Stevens Set To Open World-class Shoe Factory

Chelsea Bans Further Loan Deals For Lukaku, Eye £97.5m Revenue

Naira Hits Lowest Level Of N1,488/$1 In 3 Weeks Amid Volatile FX Market

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Rwanda Secures 10-Year Formula One Deal, Race Targeted for Early 2030s

Guinea-Bissau Denies Authorising Newborn Hepatitis B Vaccine Trial

Malawi Fuel Crisis Enters Second Week as Transport Operators Lose Income

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Iran Conflict Pushes South African Fuel Prices Sharply Higher

India-New Zealand Free Trade Agreement to Take Effect on Oct. 20

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Top 5 Best-Performing Industrial Goods Stocks In Q1 2026

Rwanda Secures 10-Year Formula One Deal, Race Targeted for Early 2030s

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