BUSINESS Archives - Page 13 of 36

VMO Aero Clarifies Circumstances Of Aircraft Occurrence Near Asaba Airport 0

VMO Aero has provided further clarification regarding an aviation occurrence involving one of its aircraft during a scheduled flight from Lagos to Asaba on June 10, 2026, emphasizing that safety protocols were followed and no injuries or property damage were recorded. In a statement signed by the company’s Accountable Manager, Oluwaseun Ayodeji, VMO Aero explained

Labour Picks Date To Start Re-negotiation Of New National Minimum Wage 0

Organised labour in Nigeria has announced plans to begin negotiations for a new national minimum wage in July 2026, citing worsening economic conditions and the declining value of the current ₦70,000 benchmark. The position was jointly stated by the Nigeria Labour Congress and the Trade Union Congress during a press briefing on the sidelines

Finance Ministry Approves Payment For Over 1,240 Contractors In Debt Clearance Drive 0

The Federal Ministry of Finance has approved the settlement of outstanding payments owed to more than 1,240 contractors working across various Ministries, Departments, and Agencies (MDAs), with priority given to verified claims below ₦100 million. According to a statement issued on Monday by Mary-Ann Duke, Senior Special Assistant on Communication and Press Secretary to

FG Targets 7,000 Jobs Through Nationwide Ranching Estates 0
- BUSINESS, SLIDE
- June 6, 2026
The Federal Government has announced plans to generate about 7,000 direct jobs through a newly designed estate-based ranching programme aimed at transforming Nigeria’s livestock sector, improving productivity, and expanding rural economic opportunities across the country. According to a statement issued by the Federal Ministry of Livestock Development, the initiative is part of a broader strategy
READ MORE
CBN Unveils New Payments System To Boost Financial Inclusion 0
- BUSINESS, SLIDE
- June 2, 2026
The Central Bank of Nigeria (CBN) has launched the Nigeria Payments System Vision (PSV) 2028, a strategic framework aimed at building a more secure, innovative, inclusive and globally competitive payment ecosystem. The framework was unveiled in Abuja by the Governor of the CBN, Olayemi Cardoso, who said the initiative would accelerate financial sector growth and
READ MORE
Tinubu Says Nigeria Spent ₦18.4 Billion Daily on Fuel Subsidy Before Removal 0
- BUSINESS, SLIDE
- May 29, 2026
President Bola Tinubu has revealed that Nigeria was spending as much as ₦18.4 billion every day on petrol subsidies before his administration removed the policy. The President made the disclosure on Friday during his nationwide broadcast marking the third anniversary of his administration. NELFUND Denies Suspending Students’ Upkeep Allowance According to Tinubu, the fuel subsidy
READ MORE