New Minimum Wage: FG Offers N62,000, Labour Demands N250,000
After hours of meeting on Friday, the Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000.
However, the organised labour is proposing N250,000 which...
FG Commissions Kwale Gas Gathering Hub
The Minister of State, Petroleum Resources, Gas, Ekperikpe Ekpo has commissioned the 300 million metric tonnes standard cubic feet per day (MMscf/d) Kwale Gas Gathering Hub in Ndokwa West Local Government Area of Delta State.
The Minister described the investment...
Nigeria’s Economy to Hit $1.85tn by 2029, IMF Predicts
The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms.
This forecast suggests a significant growth trajectory for the country’s economy over the next five years.
According to the...
Despite Economic Downturn Nigeria’s Current Trade Balance Rises to $1.43bn
Nigeria’s current account balance has increased to $1.432 billion in 2024 despite the economic downturn ravaging the country, data from the International Monetary Fund’s World Economic Outlook shows.
The IMF data indicates a positive outlook for...
FG Denies Budgeting N5.4 trillion for fuel subsidy in 2024
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has debunked reports that the federal government made a N5.4 trillion provision for fuel subsidy for 2024.
This is contained in a statement by...
Airline Operators Reject FG's $300 Helicopter Landing Fee
The Airline Operators of Nigeria (AON) has said aside from lacking a legal framework, the Nigerian Airspace Management Agency (NAMA) does not provide any additional service to helicopter operators to justify the imposition of a landing fee.
The...
