Nigeria sets eight-week timeline to agree minimum wage with unions
The Nigerian government and main labour unions have reached an agreement to finalize an increase in the minimum wage within...
United Kingdom Launches New Trading Scheme, Benefits Developing Countries.
The United Kingdom (UK) has announced the implementation of a new trading scheme aimed at simplifying trading rules and reducing...
FG Grants Three-Month Grace Period for Vessel Owners to Settle Outstanding Tax Bill
In a bid to resolve a long-standing issue, the Federal Government of Nigeria has provided a three-month grace period for...
FG Collects Over N200 Million in Penalties from Banks for Data Privacy Violations.
The Federal Government of Nigeria has successfully collected a substantial sum exceeding N200 million in penalties from multiple banks and...
CBN releases additional FX reforms, relaxes restriction on domiciliary accounts.
The Central Bank of Nigeria (CBN) has introduced new guidelines and policy changes in the Foreign Exchange (FX) market to...
President Bola Tinubu’s Bold Reforms Boost International Attention and Investor Confidence.
President Bola Tinubu's swift implementation of bold economic reforms has sparked excitement among foreign investors and placed Nigeria back in...
Tinubu’s Advisors Unveil Plan to Drive Nigeria’s Economy to $1 Trillion
In an effort to accelerate Nigeria's economic growth, the Policy Advisory Council of President Bola Tinubu's new administration has presented...
Manufacturers Association of Nigeria Highlights Electricity Shortage as a Barrier to Profitability
The Manufacturers Association of Nigeria (MAN) has identified the country's inadequate electricity supply as a major obstacle to the profitability...
Nigeria’s Inflation Rate Rises to 22.41% in May 2023
Inflation in Nigeria continues to surge as the consumer price index (CPI) reached 22.41 percent in May 2023, marking the...
NMDPRA Grants Licenses to New Oil Marketers, Breaking Monopoly of NNPC.
Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the commencement of the licensing process for additional oil marketers,...
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