BUSINESS

  • Tinubu Gov’t Approves Upgrade Of Four Major Ports

    Tinubu Gov’t Approves Upgrade Of Four Major Ports0

      The Federal Government has approved the upgrade of four major ports in Nigeria’s South-South region as part of efforts to reduce the heavy concentration of cargo traffic at the Lagos ports. The affected ports are Onne Port in Rivers State, Delta Port, and Calabar Port in Cross River State, according to the Minister of

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  • Naira Strengthens Against Pound As GBP/NGN Falls To About ₦1,762

    Naira Strengthens Against Pound As GBP/NGN Falls To About ₦1,7620

      The Nigerian naira has maintained its recent strength against the British pound, with the pound-to-naira exchange rate settling at about ₦1,762 per £1 during mid-week trading in the official foreign exchange market. Recent market data indicate that the pound has weakened against the naira over the past several weeks, falling from levels around ₦1,800

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  • FG Working To Announce New Minimum Wage – Labour Ministry

    FG Working To Announce New Minimum Wage – Labour Ministry0

    The Federal Government has begun consultations towards reviewing Nigeria’s current national minimum wage, Permanent Secretary of the Federal Ministry of Labour and Employment, Dr Kamil Shoretire, has disclosed. Shoretire made this known in Abuja during a capacity-building workshop organised for labour correspondents, saying internal discussions were already ongoing ahead of negotiations on a new wage

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  • Lokpobiri Asks NNPC To Explain State Of Nigeria’s Refineries

    Lokpobiri Asks NNPC To Explain State Of Nigeria’s Refineries0

    The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has called on the Nigerian National Petroleum Company (NNPC) Limited to explain the current state and performance of Nigeria’s refineries, saying Nigerians deserve to know the facts about the facilities. Lokpobiri made the call during an interview on Channels Television’s Politics Today on Tuesday, following

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  • Diesel, Petrol Prices Fall As Depots Cut Rates

    Diesel, Petrol Prices Fall As Depots Cut Rates0

    Petrol depot prices have dropped by as much as ₦24 per litre in Lagos, raising expectations that filling stations may begin reducing pump prices as they restock with cheaper products. According to the latest depot price data reported by Vanguard, Ascon, Integrated and Sahara reduced their petrol prices from ₦1,351 to ₦1,327 per litre, while

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  • Nigeria’s Foreign Reserves Cross $55bn, Hit Highest Level In 18 Years – CBN

    Nigeria’s Foreign Reserves Cross $55bn, Hit Highest Level In 18 Years – CBN0

    Nigeria’s foreign reserves have crossed the $55 billion mark, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso. Cardoso disclosed the development at a news conference in Abuja on Tuesday, following the 307th meeting of the Monetary Policy Committee (MPC). He attributed the reserve growth

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