Economy

Civic-tech organization,  BudgIT disclosed Tuesday that up to N132.2 billion were budgeted for frivolities in the 2024  budget, funds that could be used to pay up to 55,083 workers a minimum wage of N100,000 monthly for 2 years.In…
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The African Export-Import Bank (Afreximbank), has released $925 million to Nigeria under a $3.3 billion syndicated credit facility sponsored by the Nigerian National Petroleum Company, Ltd. (NNPC), bringing total disbursements to…
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African Export-Import Bank (Afreximbank) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC)…
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Despite consistent hike in Nigeria’s benchmark interest rates making fixed income securities attractive, the equities market maintained upward trajectory, rising by N15.25 trillion in value in the first five months of 2024.This…
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President Bola Tinubu has directed Minister of Finance, Wale Edun, to present a template for a new minimum wage.Minister of Information and National Orientation, Mohammed Idris, said this in Abuja on Tuesday after a Federal…
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A signed document between the Federal Government and Organized Labour has sparked widespread criticism and outrage among Nigerians. The document, shared on social media, reveals that the President has committed to paying a national…
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The Nigerian government and labour unions have agreed on a new minimum wage exceeding N60,000 after a crucial meeting. This follows a nationwide strike demanding higher wages.The federal government and organized labour have agreed…
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A member of the Nigeria Labour Congress (NLC), speaking anonymously, has suggested that lawmakers should live on the minimum wage for a month to experience the hardships faced by ordinary Nigerians.The NLC member emphasized that…
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The Minister of Labour and Employment, Nkeiruka Onyejeocha, has called on Organised Labour to cease its current industrial action, which has had a substantial impact on economic activities nationwide.According to a report by…
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*Labour sends warning signals, if...Soldiers are currently surrounding the venue of a crucial meeting between the Federal Government and Organised Labour, according to a source from the labour union who spoke to Vanguard on Monday…
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