Economy

South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments in Africa were pushing the continent into a “debt trap” but were instead part of a mutually beneficial relationship.   South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments …

The Nigeria Labour Congress (NLC) has accused President Bola Tinubu of betraying the labour movement and Nigerians at large following the recent hike in petrol prices and the scarcity of the product across the country.   NLC President Joe Ajaero, speaking on Tuesday, described the situation as “traumatic and nightmarish,” …

The Federal Government has withdrawn the circular directing civil servants to register for the purchase of N50kg bag of rice at a subsidised rate of N40,000. The withdrawal of the circular was communicated in another circular by the Director of Human Resources at the Ministry of Special Duties and Inter-Governmental …

The Federal Government has established centers nationwide where Nigerians can purchase a 50kg bag of rice for N40,000. Mohammed Idris, the Minister of Information and National Orientation, revealed this initiative following a Federal Executive Council meeting led by President Bola Tinubu at the State House in Abuja. Idris explained that …

President Bola Tinubu may sign the Minimum Wage Bill into law next week, following the passage of the bill by the National Assembly.   Multiple sources within the National Assembly revealed that the bill was finalized on Wednesday and transmitted to the President on Thursday (yesterday) after its expeditious passage …

Nigeria’s inflation rate in June 2024 surged from 33.95% in May 2024 to 34.19% in June according to the latest report from the National Bureau of Statistics, (NBS).   The headline inflation rate in June 2024 increased by 0.24% points in June when compared to the figure for May 2024.

Peter Obi condemned the government plan to buy New presidential jet describing it as being extremely insensitive to the struggles of average Nigerians at this unprecedented economic crisis in Nigeria He said At a time when our country is trending on the global media for facing its worst economic crisis, …

The Federal Government has pleaded with Organised Labour to reconsider its decision to embark on an indefinite strike from Monday, June 3, 2024, in protest against the government’s refusal to raise the proposed minimum wage from N60,000. The interest of the masses should be the top priority of Organised Labour, the …

The Managing Director/Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has disclosed that Nigeria has fallen from the 32nd largest economy in the world to 42nd. He added that in Africa, the nation has also descended from its 1st ranking to 4th in terms of wealth management and …

President Bola Tinubu has officially flagged off the 700Km Lagos-Calabar coastal highway project, estimated to cost about N15 trillion.       Tinubu who cut the tape at exactly 6:03pm in Lagos was flanked by Minister of Works, Dave Umahi, Senate President Godswill Akpabio and about eight governors, including the …