The Nigeria Labour Congress has has disclosed that the ongoing nationwide strike will continue despite the agreement signed with the Federal Government at Monday’s meeting. The congress, in a post on X, on Tuesday said the industrial action which has grounded the nation’s economy will continue until Tuesday’s meeting of organs of the union where […]
The equities market defied the persistent hike in interest rate by the Central Bank of Nigeria, CBN, at the end of trading in May with investors recording a marginal gain of N619 billion. This is a sharp contrast from the previous month when the market declined by 6.16 percent after losing more than N3.5 trillion in […]
Nigeria must levrage on its national assets in order to attract foreign exchange inflows and build huge external reserves needed to achieve stable exchange rate, said Chief Executive of Economic Associates, Ayo Teriba. He added that the country remains the only big economy of the world that builds airports and not terminals, where about 40 percent […]
The Federal Government borrowed N20.1 trillion from domestic investors in the first year of President Tinubu’s administration, representing year-on-year YoY increase of 117 per cent from the previous year, prompting concerns over impact on the economy including likely additional pressure on inflation, increased debt service cost and higher borrowing cost from businesses. Analysts noted that the sharp […]
A middle-aged housewife, identified as Omolara Oluwakemi, has allegedly killed her husband, Seidu Jamiu, in Akungba, Akoko, Akoko South-West Local Government Area of Ondo State, over alleged infidelity. The housewife reportedly battered the victim’s head with a pestle while asleep at night. Police sources confirmed that after the incident, the housewife rushed to the police […]
Five persons have been confirmed killed at the ongoing North East trade fair following a rainstorm in Bauchi State, Saturday night. The rain, which started at 8:30p.m., killed about two people while injuring three others, who later died at the Abubakar Tafawa Balewa University Teaching Hospital. Public Relations Officer of the Abubakar Tafawa Balewa University […]
Abuja-Power generation companies in Nigeria, GenCos, yesterday raise the alarm over the imminent collapse of their operations, following a huge debt of N2 trillion and an estimated funding gap of N1.7 trillion contained in the 2024 Multi-Year Tariff Order. The companies said so far, only about 10 per cent of its monthly invoices for power […]
Gov. Ademola Adeleke of Osun State said he inherited more than 80 per cent infrastructural deficit from the immediate past administration of the state. Adeleke disclosed this at a programme organised by the Osun Development Association in Lagos on Sunday. The News Agency of Nigeria (NAN) reports that the theme of the programme was, ‘A […]
INDIGENES of Lagos State, yesterday, vowed to reject a Bill seeking the return of Nigeria to the regional government. Speaking under the aegis of De Renaissance Patriots Foundation, the indigenes, in a statement by its Media Office, revealed that a proposed Bill, seeking approval of the National Assembly to return Nigeria to a regional system, […]
Following his stunning stoppage time win over Croatian fighter Filip Hrgovic, Daniel Dubois has challenged two-time former unified world heavyweight champion, Anthony Joshua, to a blockbuster heavyweight bout. Dubois, 26, made a miserable start to the fourth fight in the 5 v 5 tournament in Riyadh, Saudi Arabia on Saturday night with Hrgovic firmly leading […]
