Stray bullets hit two Lagos varsity students

Two students of the Lagos State University were hit by stray bullets outside the school campus at a popular students’ residential area called PPL late Monday. While the names of the students are yet to be known, likewise the identity of the shooter(s), it was reported that the victims were hit when they went to […]

Manufacturers wail as unsold goods pile up in warehouses

Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in unsold goods in their warehouses, a development which would lead to a further significant decline in output level in the sector.The continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining […]

CBN directs banks to stop 0.5% cybersecurity charges

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to stop the implementation of 0.5 percent cybersecurity charges on electronic transactions. This was disclosed in a circular to all commercial, merchant, non-interest, payment service banks, other financial institutions, mobile money operators and payment service providers. The circular was jointly signed by Chibuzor Efobi, […]

Imported food prices rise as inflation hits 33.69 – NBS

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 […]

Minimum wage: FG’s N48,000 proposal makes no sense — TUC

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 […]

Minimum Wage: Labour quits talks as FG offers N48,000; OPS N54,000

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 […]

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