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Category: Business

Business Economy headline

Fitch projects FX rate to increase to N1,993/$ – Report

Iheanyi Ejiofor November 11, 2024 No Comments #Fitch #FX rate

Fitch Solutions, a financial intelligence service provider, has predicted that the naira would slide to as low as N1,993 per dollar in 2028, severely impacting Nigeria’s pharmaceutical industry to import…

Read More Fitch projects FX rate to increase to N1,993/$ – Report
Business Economy headline

NDIC to begin sale of Heritage Bank assets December 4

Iheanyi Ejiofor November 11, 2024 No Comments #NDIC #Heritage bank

Our reporter/ The Nigeria Deposit Insurance Corporation (NDIC) says the sale of Heritage Bank assets will begin on December 4, 2024. In a statement on Sunday, Bashir Nuhu, NDIC’s director of communication…

Read More NDIC to begin sale of Heritage Bank assets December 4
Business Economy headline

IPMAN, Dangote agree on direct petrol supply

Iheanyi Ejiofor November 11, 2024 No Comments #IPMAN #Dangote #petroleum products

Our reporter/ The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to lift petroleum products directly. The agreement came after weeks of negotiations between…

Read More IPMAN, Dangote agree on direct petrol supply
Business Economy headline

NLC directs members to proceed on strike over non-implementation of minimum wage

Iheanyi Ejiofor November 11, 2024 No Comments #NLC #Strike #Minimum wage

Our reporter/ The Nigeria Labour Congress (NLC) has directed its members in states that are yet to commence the implementation of the new minimum wage to commence an indefinite strike,…

Read More NLC directs members to proceed on strike over non-implementation of minimum wage
Business Economy headline

Grid Collapse: Power minister orders immediate implementation of committee’s report

Iheanyi Ejiofor November 8, 2024 No Comments

…TCN appeals for understanding on intermittent disruptions as grid repair begins Our reporter / The Minister for Power, Chief Adebayo Adelabu on Friday ordered the Transition Company of Nigeria (TCN)…

Read More Grid Collapse: Power minister orders immediate implementation of committee’s report

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