NLC, TUC to Start Minimum Wage Talks with FG by July 2026
The NLC and TUC are set to begin negotiations with the Federal Government for a new minimum wage, demanding a living wage amid rising inflation and living costs.
Category : Business
)
8,000+ Jobless Nigerians Pull ₦12bn from Pension Savings
More than 8,000 unemployed Nigerians withdrew ₦12.11 billion from pension savings in Q4 2025, reflecting economic hardship and rising joblessness.
Dangote Refinery Halts Petrol Exports for Domestic Focus
Dangote Refinery suspends petrol exports to prioritize Nigerian market after N75 price cut, aiming to improve local fuel availability and stabilize supply.
Cooking Gas Prices Surge Over 300% in Nigeria Since 2023
Cooking gas prices in Nigeria have surged over 300% since early 2023, from N700/kg to over N2,500/kg, burdening households amid forex volatility and high logistics costs.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Kaduna Governor Unveils N34 Billion Erosion Project
Kaduna State Governor Uba Sani announces a N34 billion project to tackle 30-year gully erosion crisis in Rigasa, benefiting over 2 million residents with land reclamation and resettlement support.
Ibom Air Starts Domestic Flights at Uyo International Terminal
Ibom Air has begun domestic flight operations at the new international terminal of Victor Attah International Airport in Uyo, Akwa Ibom State, enhancing passenger experience and capacity.
Nigerian Stocks Rise 0.9% Led by Bank and Oil & Gas Shares
Nigerian stocks gained 0.9% last week, driven by bank and oil & gas stocks. Year-to-date yield stands at 57.3%. Analysts expect profit-taking. Stock picks: Aradel, NEM Insurance, FCMB, Transcorp, Coronation Insurance.
IMF: Nigeria Stronger Financially, Not Socially
The IMF's 2026 Article IV Consultation report on Nigeria shows financial improvements but persistent poverty and food insecurity, urging conversion of macroeconomic gains into living standard improvements.
Oil Prices Drop After US-Iran Peace Deal
Global crude oil prices fell sharply after a US-Iran peace agreement ended hostilities, reopening the Strait of Hormuz and easing market disruptions.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Rethinking Nigeria's Investment: Domestic vs Foreign
An analysis of Nigeria's investment landscape, arguing for greater emphasis on domestic investment over foreign direct investment, and critiquing one-sided economic analysis.
NCDMB to Install 2.5MW CNG Power Plant at Oil Park
The NCDMB will install a 2.5MW CNG power plant at the Nigerian Oil and Gas Park to ensure reliable electricity, supporting industrial operations and creating over 2,000 jobs.
BudgIT: 2026 Budget Ambitious But Unrealistic
BudgIT criticizes Nigeria's 2026 budget as unrealistic, citing a N31.5 trillion deficit and heavy reliance on borrowing amid weak revenue generation.
Kaduna State Domesticates OGP in 23 LGAs for Health
Kaduna State government is domesticating the Open Government Partnership framework across all 23 local government areas to strengthen primary healthcare delivery and improve governance.
Nigeria's Inflation Hits 15.93% in May 2026
Nigeria's headline inflation rose to 15.93% in May 2026, up from 15.69% in April, driven by food prices. Monthly inflation slowed to 1.75%.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
CBN Mandates UBO Disclosure for Digital Payment Firms
The Central Bank of Nigeria has directed all financial institutions with digital payment operations to disclose the Ultimate Beneficial Ownership of significant shareholders to promote transparency and reduce market concentration risks.
Anambra Police Arrest Two Over Fake Alcoholic Drinks
Anambra police arrest two suspects for producing and distributing adulterated alcoholic beverages. The suspects, members of a syndicate, led operatives to their mini-factory.
FIFA World Cup 2026: Biggest Tournament, Bigger Excitement
The FIFA World Cup 2026 is the biggest yet with 48 teams and three hosts. Malaysians can enjoy live streaming, high stakes, and a Rolex giveaway on Winbox.
United Capital Buys 5% Stake in NGX Group
United Capital Group has completed the acquisition of a 5% equity stake in Nigerian Exchange Group (NGX Plc), marking a milestone in its growth strategy and confidence in Nigeria's capital markets.
Global 5G Subscriptions Hit 3.1 Billion in Q1 2026
Ericsson's Mobility Report reveals 3.1 billion global 5G subscriptions in Q1 2026, with Africa poised for digital growth. Nigeria's 5G penetration reaches 4.20%.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Iddo Bridge Closure for Steel Beam Installation
Lagos State announces temporary closure of Iddo Bridge for steel beam installation on June 17-18 and June 21. Motorists advised to use alternative routes.
37 Ships with Petroleum, Food Expected at Lagos Ports
The Nigerian Ports Authority announces 37 ships carrying petroleum products, food items, and other goods are expected at Apapa, Lekki, and Tincan Island ports on Tuesday.
Digital Adoption Leaves 300 LGs Stranded on POS Agents
Nigeria's digital financial shift excludes millions in 300 LGs without bank branches, forcing reliance on POS agents amid rising costs and digital illiteracy.
GenCos Warn of Fresh N1 Trillion Debt, Stranded Power
Power generation companies in Nigeria raise alarm over looming N1 trillion debt and stranded capacity exceeding N2.376 trillion, urging government intervention to stabilize the sector.
Petrol Prices Stay High in Abuja Despite Global Oil Drop
Retail petrol prices in Abuja remain at N1,350 per litre despite crashing global oil prices and Dangote refinery's N75 cut. Structural inefficiencies delay transmission.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Ripple Invests in Flutterwave at $3.2B for Payments
Ripple invests in Flutterwave at a $3.2 billion valuation to enhance cross-border payments using blockchain technology and RLUSD stablecoin for faster, cheaper transactions.
Guardian Cartoon: Nigeria's Economic Woes
A cartoon from The Guardian Nigeria illustrates the economic difficulties facing the country, with visual commentary on inflation and cost of living.
WTO: Global Trade Resilient Amid Middle East Conflict
The WTO reports global merchandise trade remains above trend in early 2026 despite Middle East conflict and high energy prices, driven by AI-related demand for electronic components.
West African Ministers Adopt Industrialisation Policies
ECOWAS trade ministers met in Ghana to adopt policies accelerating industrial productivity, establish a trade facilitation committee, and align with AfCFTA goals.
Court dismisses suit over Dawes Island marginal field licence
A Federal High Court in Lagos dismissed Eurafric Energy's suit challenging the revocation of its Dawes Island Marginal Field operatorship, following the plaintiff's discontinuation application.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
LCCI, NASD Rally MSMEs to Capital Market Funding
LCCI and NASD Plc held a forum to help MSMEs access capital market funding, addressing high lending rates and poor business structures hindering growth.
Page 96 of 431
