Skip to content
Organised labour to commence renegotiations with FG in July over new national minimum wage
Nigeria Labour Congress (NLC) says it will reject any proposal by government aimed at taxing national minimum wage earner, describing such move as ‘unjust and insensitive’ to the present economic realities in the country. The congress also insisted on urgent adoption…
Renaissance CEO urges focus measurable reforms results
As Nigeria grapples with the challenges and opportunities arising from its ongoing economic reforms, the Managing Director and Chief Executive Officer of Renaissance Africa Energy Company Limited, Tony Attah, has argued that the success of those reforms should be measured…
Seplat Chairmanship cements Elumelu’s rising influence in Nigeria’s strategic sectors
Sopuruchi Onwuka The appointment of renowned investor and entrepreneur Tony Elumelu as Chairman-designate of Seplat Energy Plc marks more than a routine boardroom transition. It represents the latest milestone in the rapid expansion of his influence across Nigeria’s energy landscape…
Kuwait bars Nigerians, 26 other nations from domestic jobs
Frank Okon Kuwait has introduced sweeping changes to its domestic worker recruitment policy, effectively excluding Nigeria and more than two dozen other countries from supplying labour to the Gulf state’s household services sector. Under a new circular issued by Kuwait’s…
Amid N30trn budget deficit, Nigeria mulls debt refinancing, fresh funding
Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has disclosed that the Federal Government could turn to debt refinancing and fresh loans in order to bridge its huge budget deficit reaching N30 trillion this year. According…
GenCos reject FG’s N7trn resettlement plan, call for state of emergency in power sector
Federal Government’s debt owed to electricity generating companies (GenCos) have now reached N7 trillion, even as a planned resettlement option has been turned down by the operators, who insist on recovering their money. The GenCos have also called on government to…
Tinubu swears in new Power, Foreign Affairs ministers
President Bola Tinubu, Monday, swore in Mr. Joseph Tegbe as the new Minister of Power, as well as, Mr. Sola Enikanolaiye for that of the Minister of State for Foreign Affairs, at a brief ceremony which held at the Presidential Villa…
Court stops Akpabio, Abass over proposed N110bn vehicle procurement scheme for lawmakers
Federal High Court in Lagos has declared as unlawful the controversial National Assembly (NASS’) N110 billion vehicle and allowance schemes, ruling that the spending of N40 billion on 465 vehicles for lawmakers and N70 billion in support allowances for newly-elected…
FG slashes MDAs’ reimbursable imprest limits to curb spendings
Federal Government has introduced measures to manage spending across Ministries, Departments, and Agencies (MDAs) reducing reimbursable imprest limits and increasing oversight of public funds. The new directives are contained in the 2026 Annual General Imprest Warrant signed by the Minister of…
CBN’s new forex guidelines clears import of up to $10,000 without declaration
Central Bank of Nigeria (CBN) has issued fresh Foreign Exchange (forex) Guidelines which provides that an individual can export $50,000 cash. The only condition, according to the Guidelines, released, Friday, is that such cash must be declared at the point of…
