Economy

In a recent development, the leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has convened at the office of the Secretary to the Government of the Federation for an important meeting with government…
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Union leaders have insisted they will not accept any offer below N100,000 as the minimum wage. They dismissed the federal government’s negotiation moves from N48,000 to N57,000 as “unserious.”The National Economic Council is set to…
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The ongoing reforms in the mining sector are creating jobs, security and revenue, the Minister of Solid Minerals Development, Dr. Dele Alake has disclosed.Addressing the nation at the maiden edition of the ministerial sectoral…
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The Trade Union Congress (TUC) has rejected the revised minimum wage of N54,000 proposed by the Federal Government, citing the significant devaluation of the naira since 2011.In a monitored interview with Arise News, TUC President…
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Why are BRICS countries so gung-ho about dedollarization? Well, picture this: they’re kinda fed up with the US dollar hogging the spotlight in global trade and finance. It’s like they’re saying, “Hey, we’re big players too!”First…
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World BankThe World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move that comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and…
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Mr. Olayemi Cardoso The Central Bank of Nigeria (CBN) has granted approval-in-principle (AIP) to 14 new International money transfer operators (IMTOs) in its bid to double foreign currency remittance flows through formal channels.…
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Acting SEC DG, Emomotimi Agama The Securities and Exchange Commission (SEC) has vowed to collaborate with the Economic and Financial Crimes Commission (EFCC) to mitigate forex trading manipulations within the virtual space.Acting…
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Following the naira’s depreciation, the Central Bank of Nigeria has raised the exchange rate for calculating import duty at Nigeria’s ports to N1,457.014 per dollar. The Customs Forex duty rate represents a three-percent hike in the…
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For the first time, a senior Zimbabwean official has revealed that corruption costs the country nearly $2 billion annually, severely impacting the economy and ordinary citizens.The country’s Prosecutor-General, Loice Matanda-Moyo …
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