Economy Archives - Page 9 of 21

Minimum Wage Conflict: FG and Governors at Loggerheads

Minimum Wage Dispute Intensifies In the ongoing Minimum wage conflict, the Federal Government and state governors are at odds over the proposed new minimum wage. While the Federal Government is prepared to...

Abia to Join Global Shoe Making List as Comfort Stevens Prepares to Open Factory

Abia State’s New Business Environment Abia State Governor, Dr. Alex Otti, OFR, has announced significant efforts to enhance the business environment in the state, aiming to attract new investments and bring back...

Minimum Wage Talks: Finance Minister to Present Template to Tinubu

Negotiations Adjourned for Template Submission On Wednesday, the Federal Government and Organised Labour adjourned the talk on minimum wage . They will resume the talks today, awaiting the Finance Minister’s submission of...

Food Insecurity in Nigeria: UN Report Warns of Worsening Situation

Rising Food Insecurity A recent United Nations report highlights a looming food insecurity crisis that could significantly impact Nigeria and 17 other countries. The report identifies these areas as hunger hotspots, where...

Imo CAN Chairman Criticises NLC’s Minimum Wage Demands

Economic Impact Concerns Revd Eches Divine Eches, Chairman of the Imo State chapter of the Christian Association of Nigeria (CAN), has criticised the Nigeria Labour Congress (NLC) for its minimum wage demands....

Minimum Wage Debate: Opposition Reps Push for Over N100,000

Call for Higher Wages Opposition lawmakers in the House of Representatives, in the debate of the nation’s minimum wage, have urged the Federal Government to adopt a new minimum wage exceeding N100,000....

Minimum Wage Negotiations Decentralisation

Minimum Wage Saga: Labour Considers N100,000 Minimum Wage

Labour Union’s New Proposal In the heat of the ongoing minimum wage saga, the organised Labour is now considering a N100,000 minimum wage as the Tripartite Committee on National Minimum Wage starts...

Abia State Agricultural Development and Expansion of Farmers’ Market Access

Governor Alex Otti’s administration in Abia State has undertaken significant initiatives to support agricultural development and expand market access for farmers. Recognising agriculture as a cornerstone of the state’s economy, the government...

Abia State Digital Transformation in Enhancing Service Delivery

Governor Alex Otti’s administration in Abia State is spearheading a digital transformation aimed at enhancing service delivery through significant investments in Information and Communication Technology (ICT) and emergency services. These advancements are...

Naira Omitted from IMF Exchange Rate List for June 2024

The Naira has been omitted from the International Monetary Fund’s (IMF) Representative Exchange Rates for Selected Currencies for June 2024. This omission highlights Nigeria’s ongoing struggles with stabilising its exchange rate amidst...

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Category: Economy