Daniel Ojukwu The naira has continued to weaken to the dollar, selling at N460 to a dollar on the parallel market despite resumption of forex sales to the Bureau de Change Operators. It had earlier dropped from N480/$1 to N440/$1 after the Central Bank of Nigeria resumed forex sales to BDCs. The Central Bank Governor, […]
Naira Weakens Further, Trades At N460 To Dollar Read More »
Daniel Ojukwu Operations of Arik Air were on Monday shut down by the aviation unions over alleged non-payment of staff salaries since April. They claimed that the non-payment started after the company placed 90 per cent of the workforce on compulsory leave and other “anti-labour practices”. The unions included the National Union of Air Transport
Arik Air Workers Embark On Strike Action Read More »
Daniel Ojukwu The Debt Management Office today, revealed that the country’s debt profile has hit N31 trillion, indicating a N2.38 trillion increase since June 30th. The total is a combination of debts of the Federal Government, States and the Federal Capital Territory. For the country’s public debt stock as of June 30, 2020, the DMO
Nigeria\’s Debt Profile Hits N31trn – DMO Read More »
Daniel Ojukwu The All Progressives Congress has reacted to comments made by the National Chairman of the Peoples Democratic Party, Uche Secondus, condemning the decision of President Muhammadu Buhari to deregulate the Premium Motor Sport sector. While addressing party supporters who thronged the PDP Legacy House, Abuja, on Wednesday, Secondus lamented the increase in petrol
APC Dismisses PDP’s Criticism Of PMS Deregulation Read More »
Daniel Ojukwu The Federal Government will no longer determine guiding price bands for the sale of Premium Motor Spirit, popularly called petrol, at filling stations. The Petroleum Products Pricing Regulatory Agency revealed this in Abuja today, and added that the downstream arm of the oil and gas sector had been fully deregulated. During a Press
Breaking: FG To No Longer Determine Petrol Pump Price Read More »
THE ORGANISED LABOUR IN EKITI STATE ON MONDAY CALLED OFF THE THREE-DAY WARNING STRIKE EMBARKED UPON IN THE STATE PUBLIC SERVICE OVER WELFARE AND OTHER ISSUES. THE ORGANISED LABOUR, COMPRISING THE NIGERIA LABOUR CONGRESS, TRADE UNION CONGRESS AND JOINT NEGOTIATING COUNCIL, HAD ON SUNDAY ORDERED THE COMMENCEMENT OF THE STRIKE ON MONDAY FOLLOWING THE EXPIRATION
ORGANIZED LABOUR IN EKITI SUSPENDS STRIKE Read More »
SOUTH AFRICAN SUPERSTORE, SHOPRITE HOLDINGS LIMITED, HAS STATED IT WILL AUCTION ITS OUTLETS IN NIGERIA, THE NATION CAN REPORT. THE DECISION, IT SAID, WAS INFORMED BY THE COVID-19 PANDEMIC, WHICH IT SAID HAS AFFECTED BUSINESSES WORLDWIDE. IN ITS “OPERATIONAL AND VOLUNTARY TRADING UPDATE RELEASED ON MONDAY, THE MEGASTORES WITH PRESENCE IN VIRTUALLY ALL PARTS OF
SHOPRITE ANNOUNCES PLANS TO LEAVE NIGERIA Read More »
The Acting Managing Director NDDC, Daniel Pondei has collapsed in the ongoing house committee public hearing on NDDC. Mr Pondei was responding to allegations of 1.5billion naira of financial misappropriation when he suddenly collapsed and couldn’t respond to questions from the chairman of the probe panel. Efforts from witnesses to resuscitate him were however effective
Acting NDDC MD, Prof Pondei, collapses Read More »
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