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President Bola Tinubu will hold a follow-up meeting with labour leaders on Thursday to reach a consensus on a new minimum wage, according to Minister of Information and National Orientation, Mohammed Idris. Idris told reporters after the 15th Federal Executive Council meeting at the State House, Abuja, on Monday that Tinubu would hold a follow-up meeting with labour leaders as …

Here are the top 10 stories making headlines across the country. 1. The court ordered former minister, Lai Mohammed, to reveal details of the agreement between FG, X, formerly known as Twitter The Federal High Court sitting in Lagos, in a landmark ruling, has ordered Alhaji Lai Mohammed, former Minister of Information and Culture and the Ministry of Information to …

The National Bureau of Statistics (NBS) has revealed that Nigeria’s headline inflation rate rose to 34.19 percent in June. This figure is up from 33.95 percent recorded in May. The bureau stated in the Consumer Price Index (CPI) released on Monday in Abuja. CPI is a tool used to measure the rate of change in prices of goods and services. …

In a dramatic session on Monday, the Rivers State House of Representatives, under the leadership of Martin Amaewhule, imposed a freeze on all expenditure by Governor Siminalayi Fubara’s administration until he presents the 2024 budget to lawmakers. The move follows a seven-day ultimatum issued by the Assembly to Governor Fubara, demanding the immediate submission of the state budget. During the …

The equity market started on a positive note on Monday, July 15, 2024 as investors earned N172 billion at the end of the trading session. This follows the increase in stock prices such as CUTIX, IKEJA HOTEL and ROYALEX among others on the trading floor. After five hours of trading on the capital market, equity capitalization increased to N56.608 trillion …

Airtel Africa, WAPCO, Dangote Sugar and PRESCO top the list of stocks to watch this week as investors struggle to recover from last week’s tiring trading session. Nigerian equity market plunged in four out of five trading sessions as the benchmark All Share Index (ASI) plunged -0.35% to close at 99,671.28 points from 100,022.03 points in the previous week. Investors …

It has been a forgettable week for investors in the Nigerian equity market after a cumulative loss of N139.89 billion in the just-ended trading week. The exchange recorded losses on four of the five trading days, but made a profit on only one trading day. Market capitalization dropped to N56.44 trillion from N56.58 trillion the previous week. Similarly, the All …

The Federal High Court sitting in Lagos, in a landmark ruling, has ordered Alhaji Lai Mohammed, former Minister of Information and Culture and the ministry of information to disclose details of the agreement between the Federal Government and X, formerly Twitter. The court said this was done to assess whether the agreement was compatible with the exercise of Nigerian citizens’ …

In a significant development for Nigeria’s energy sector, Aliko Dangote, CEO of Dangote Refinery, announced on Sunday that the Nigerian National Petroleum Corporation (NNPC) has seen its stake in the refinery reduced from 20% to 7.2%. Speaking at a press conference held in Lagos, Dangote clarified that the decline in NNPC’s holdings was a result of their failure to meet …

The recent seizure of 844 firearms at Onne Port in Rivers State has sparked a storm of controversy, with allegations of cover-ups and selective justice circulating within the Nigerian Customs Service. Firearms found in a shipment handled by Max Logistics were recovered at the premises of a private terminal operator at the port, raising questions about how such a large …