...news, reports, issues... about Lagos
•Aviation sector gets approval to procure N4.2 billion aircraft recovery equipment •Says cybersecurity levy suspended for review •FG to transform infrastructure, housing sectors •Targets N20trn pension fund for devt •To provide 48-hour visa service for investors •Urges labour not to derail power sector transformation plan, to look into electricity tariff hike The Federal Executive Council […]
Having depreciated to N1,478.11 to the dollar on Monday, the value of the naira continued its downward slide on Tuesday at the Nigeria Foreign Exchange Market (NAFEM) and at the parallel market closing at N1,520.40 to the dollar at the official end of the market. https://googleads.g.doubleclick.net/pagead/ads?gdpr=0&us_privacy=1—&gpp_sid=-1&client=ca-pub-5228780540891921&output=html&h=280&adk=3908584181&adf=3002841736&w=758&abgtt=6&fwrn=4&fwrnh=100&lmt=1715803569&num_ads=1&rafmt=1&armr=3&sem=mc&pwprc=4671932670&ad_type=text_image&format=758×280&url=https%3A%2F%2Fleadership.ng%2Fnaira-weakens-further-to-n1520-at-nafem%2F&fwr=0&pra=3&rh=190&rw=757&rpe=1&resp_fmts=3&wgl=1&fa=27&uach=WyJXaW5kb3dzIiwiMTAuMC4wIiwieDg2IiwiIiwiMTI0LjAuNjM2Ny4yMDEiLG51bGwsMCxudWxsLCI2NCIsW1siQ2hyb21pdW0iLCIxMjQuMC42MzY3LjIwMSJdLFsiR29vZ2xlIENocm9tZSIsIjEyNC4wLjYzNjcuMjAxIl0sWyJOb3QtQS5CcmFuZCIsIjk5LjAuMC4wIl1dLDBd&dt=1715803569099&bpp=4&bdt=3889&idt=4&shv=r20240513&mjsv=m202405140101&ptt=9&saldr=aa&abxe=1&cookie=ID%3D6c725c482c8285cf%3AT%3D1703914601%3ART%3D1715756855%3AS%3DALNI_MZHhrLUgci-Yb8nm2gXt5raIIByAQ&gpic=UID%3D00000ce94cf8ca97%3AT%3D1703914601%3ART%3D1715756855%3AS%3DALNI_MaE-CmEPB17PLEq9KR8xJoZK5MioQ&eo_id_str=ID%3Da0f366dcf2959106%3AT%3D1707197502%3ART%3D1715756855%3AS%3DAA-Afjb4kc7miexLGlwddFvzS1YX&prev_fmts=0x0%2C248x600&nras=2&correlator=6948413745851&frm=20&pv=1&ga_vid=187424282.1703914599&ga_sid=1715803568&ga_hid=1056437759&ga_fc=1&u_tz=-720&u_his=9&u_h=768&u_w=1366&u_ah=728&u_aw=1366&u_cd=24&u_sd=1&dmc=8&adx=195&ady=1062&biw=1349&bih=607&scr_x=0&scr_y=128&eid=44759875%2C44759926%2C44759837%2C31083636%2C31083639%2C42532523%2C44795921%2C95331983%2C31083689%2C95331711%2C95332415%2C31078663%2C31078665%2C31078668%2C31078670&oid=2&pvsid=1106079934953994&tmod=2014200869&uas=3&nvt=1&ref=https%3A%2F%2Fleadership.ng%2F&fc=1408&brdim=0%2C0%2C0%2C0%2C1366%2C0%2C1366%2C728%2C1366%2C607&vis=1&rsz=%7C%7Cs%7C&abl=NS&fu=128&bc=31&bz=1&td=1&psd=W251bGwsbnVsbCxudWxsLDNd&nt=1&ifi=3&uci=a!3&btvi=2&fsb=1&dtd=472 Value of the naira also depreciated to N1,501 to […]
After several weeks of hiatus, the tripartite committee set up by the Federal Government will finally meet today (Wednesday), May 15, 2024, sources familiar with the matter confirmed the development to our correspondent in Abuja on Monday. The Labour unions also stood their ground on their proposal of N615,000 minimum wage while insisting on May […]
The Federal Government has asked the organised Labour not to derail its transformation plan for the electricity sector. The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had picketed offices of the National Electricity Regulatory Commission (NERC) and Distribution Companies nationwide over the hike in electricity tariff. The unions had described the upward review, […]
The earnings of some of Nigeria’s biggest banks more than tripled in the first three months of 2024 as a result of the record hike in the benchmark interest rate by the Central Bank of Nigeria (CBN). This development marks a turnaround from when the devaluation of the naira led to huge foreign exchange gains […]
A new wage system based on employee’s productivity in the civil service is underway, the Federal Government said on Monday. The government said with the system, workers on the same level could earn different salaries. The government said the formulation of an innovative wage system was being considered because it realised that productivity was a […]
President Bola Tinubu has directed the mandatory purchase of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. The president said the directive is in furtherance of the country’s effort to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions, even as they present a more affordable alternative for Nigerian […]
Point of Sale operators under the aegis of the National President of the Association of Mobile Money and Bank Agents in Nigeria says it has concluded plans to head to court to address the legality of the mandatory Corporate Affairs Commission for its members. The President of the association, Fasasi Sarafadeen, faulted the directive mandating […]
Premium electricity consumers categorised as Band A customers are embracing solar power as an alternative source of energy following the recent tariff hike as well as the high cost of fuel, DARE OLAWIN reports In Nigeria, the average person is gradually losing the ability to afford electricity as they still struggle to pay for other essentials of […]
ABUJA — Organized Labour yesterday shut down the headquarters of the Nigeria Electricity Regulatory Commission, NERC, the Transmission Company of Nigeria, TCN, and Abuja Electricity Distribution Company, AEDC, headquarters over the recent hike in electricity tariff. Under the aegis of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, Organised Labour which […]
