...news, reports, issues... about Lagos
...news, reports, issues... about Lagos
The average price of imported food commodities to Nigeria rose to its highest level, reaching 34 per cent in one year between April 2023 and April 2024. This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by […]
The Trade Union Congress (TUC) has rejected the N48,000 proposed by the Federal Government as the new minimum wage, saying it does not make any sense. The TUC President, Festus Osifo berated the FG’s proposal while speaking in an interview on Channels Television’s Politics Today on Wednesday. Osifo said the federal government was not being serious in […]
LAGOS — Organised Labour yesterday walked out of the minimum wage negotiation after rejecting the government and the Organized Private Sector, OPS, new minimum wage proposals of N48,000 and N54, 000 respectively. Under the umbrella of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, counterpart, Labour described the government’s proposal of N48,000 […]
The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move which comes as part of the institution’s ongoing efforts to uphold integrity and transparency in its projects and operations. Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), along with 19 individuals identified by […]
•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 […]
