BUSINESS

New minimum wage committee to begin sitting before end of July

Speaking at an interactive forum in Lagos, the president of the Nigerian Labour Congress (NLC), Comrade Ayuba Wabba, on Wednesday, said a 29-member committee on a new National Minimum Wage will begin sitting before the end of July. “Before the ...

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Ngige applauds Tony Elumelu’s commitment to job creation and poverty alleviation

Tony Elumelu and Ngige

At the 30th Anniversary celebration of the award-winning Transcorp Hilton Abuja, the Honourable Minister of Labour and Employment, Chris Ngige, commended the relentless efforts of the chairman, Transnational Corporation of Nigeria Plc, Tony O. Elumelu CON, towards job creation as a ...

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Access Bank wins Karlsruhe Sustainability Award for 2nd consecutive year

Access Bank Plc has just scored a rare repeat performance at the 2017 Karlsruhe Sustainable Finance Awards in Germany by receiving the “Outstanding Business Sustainability Achievement Award 2017”. The award was presented to Access Bank CEO, Herbert Wigwe in Karlsruhe, ...

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Etisalat Nigeria set to unveil ‘9mobile’ as new brand name today, explains concept

Emerging Markets Telecommunication Services Limited (EMTS), the former operators of Etisalat in Nigeria, on Tuesday confirmed changing its brand name to 9mobile — and it is now due for official unveiling on Wednesday. Kokomansion Media reported a change in the ...

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FULL DETAILS: What each state got as FG releases another tranche of Paris Club refund

Governors Forum

A statement from the ministry of finance revealed that a second tranche of Paris Club refund has been given to states by the federal government. In the breakdown given, it was said that the payments, which totalled N243,795,465,195.20 were made ...

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FG gives Ondo licence to mine Bitumen

Nigeria’s Federal Government on Tuesday announced the award of a licence to Ondo State Government to mine its rich deposit of bitumen, said to be one of the largest in the world. The Minister of Mines and Steels Development, Dr. Kayode ...

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CBN injects another $195m into Forex market

Forex market intervention

The Central Bank of Nigeria (CBN) has intervened in inter-bank Foreign Exchange Market with the supply of $195 million as an effort to stabilise the market. According to the acting Director, Corporate Communications of the apex bank, Mr Isaac Okorafor, ...

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Lai unveils $1m venture capital for creative industry

Nigeria’s Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of a $1m venture capital to boost the Nigerian creative industry. The minister stated that the $1m venture capital would provide seed money for young and ...

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Nigeria’s inflation drops to 16.10 % in June – NBS

The National Bureau of Statistics (NBS) said that the country’s inflation as measured by Consumer Price Index (CPI) further dropped to 16.10 per cent in June from 16.25 per cent in May. The NBS made this known in its CPI ...

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We now produce five million litres of kerosene daily – NNPC

The Nigerian National Petroleum Corporation (NNPC) says the three refineries in Port Harcourt, Warri and Kaduna now produce five million litres of kerosene daily. This, according to it, represents more than 60 percent of the national daily consumption requirement of ...

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