Business - Page 105

Minimum Wage: Labour Union Begins Nationwide Strike

Nigeria faces a nationwide strike today led by organized labour unions, seeking to enforce a new national minimum wage. The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC)

Emmanuel Ochayi

6 months ago

NLC Demands Immediate Reversal Of Petrol Price Hike

Business·Latest News

Strike Action Could Cripple Economy, Warns Private Sector

The Organised Private Sector has raised the alarm over the proposed strike by organised labour, scheduled to start today, warning of severe economic repercussions. The Nigeria Labour Congress (NLC) declared an indefinite

Emmanuel Ochayi

6 months ago

Aliko Dangote Spent $18.5 billion To Build Refinery, Owes $2.7 billion Debt

Business·Latest News

We Can’t Rely On Foreign Investors To Develop Africa – Dangote

Chairman of Dangote Group, Alhaji Aliko Dangote, has called on Africans to come together and develop the continent, stressing that they can’t rely on foreign investors to do that. He said all

Victor Ezeja

6 months ago

Dangote Sugar Refinery, NASCON Allied, Dangote Rice To Merge

Business·Latest News·Oil & Gas

Aliko Dangote Criticises Fuel Importers For Blocking African Refinery Development

Aliko Dangote, Africa’s richest man and owner of the $20 billion Dangote Refinery, has accused fuel importers of preventing African governments from constructing new refineries. In an interview with CNN’s Eleni Giokos

Emmanuel Ochayi

6 months ago

CPPE Highlights Why Nigerian Govt Should Review Customs FX Rate For Cargo Clearance

Business·Latest News·Markets

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

The exchange rate for Nigeria Customs duties collection has surged by 23.9%, rising from N1,196.6 per USD to N1,482.9/$. This increase of N286.3 occurred over just two days, starting from 30th May

Emmanuel Ochayi

6 months ago

Business·Latest News·Politics

Minimum Wage: Nigerian Govt Begs Labour Union To Reconsider Strike Action

The Federal Government has urged Organised Labour to reconsider its decision to embark on an indefinite strike starting Monday, June 3, 2024, in protest of the government’s refusal to raise the proposed

Emmanuel Ochayi

6 months ago

Nigeria's Stock Market Dips By 0.21% As Investors Await Key MPC's Decisions

Business·Latest News·Markets

Nigerian Stocks End May With 1% Gain Despite Market Volatility

Nigerian stocks closed May with a surprise gain despite weeks of losses, driven by strong performances across multiple sectors. The NGX All-Share Index (ASI) ended the month at 99,300.38 points, marking a

Emmanuel Ochayi

6 months ago

Nigeria's Rising Electricity Demand Highlights Sector Challenges and Investment Opportunities

Business·Latest News

Nigeria’s Rising Electricity Demand Drives Sector Challenges, Investment Opportunities

The demand for electricity in Nigeria is surging, driven by a growing population and urbanization. Despite efforts to enhance power generation, millions of Nigerians still face energy poverty, with limited or unreliable

Emmanuel Ochayi

6 months ago

Business·Latest News·Markets

Equity Market Gains N259bn In 4th Consecutive Rally

The equity market continued its upward momentum on Thursday, marking the fourth consecutive trading day of gains, with investors earning approximately N259 billion. The Nigerian Exchange’s benchmark index rose by 0.46%, closing

Emmanuel Ochayi

6 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th July 2024

Business·Latest News·Markets

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

The naira weakened further on Thursday at the official foreign exchange market due to a drop in dollar sales by market players. The naira lost 10.45 percent of its value, with the

Emmanuel Ochayi

6 months ago

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Business - Page 105

Minimum Wage: Labour Union Begins Nationwide Strike

Strike Action Could Cripple Economy, Warns Private Sector

We Can’t Rely On Foreign Investors To Develop Africa – Dangote

Aliko Dangote Criticises Fuel Importers For Blocking African Refinery Development

Nigeria’s Exchange Rates For Customs Duties Rise By 23.9% In Two Days As Naira Continues Fall

Minimum Wage: Nigerian Govt Begs Labour Union To Reconsider Strike Action

Nigerian Stocks End May With 1% Gain Despite Market Volatility

Nigeria’s Rising Electricity Demand Drives Sector Challenges, Investment Opportunities

Equity Market Gains N259bn In 4th Consecutive Rally

Naira Weakens To N1,484/$1 Amid Dollar Shortage In FX Market

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Investors Lose N208bn As Key Index Declines On Equity Market

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