Minimum Wage: NLC reveals employers exempted from paying workers N30,000

The Nigeria Labour Congress, NLC, has declared that the new minimum wage recently signed into law by President Muhammadu Buhari, was binding on all employers of labour in the country. NLC President, …

Meet Priscilla Ekwere Eleje the first woman with her signature on 1000 naira note

A Nigerian woman has broken a record that has been in place since the introduction of the Nigerian currency. The woman identified as Priscilla Ekwere Eleje became the first female to sign on the 1000…

Nigeria signs N188m deal with Islamic development bank.

The Nigerian government has signed a N188m-deal with the Islamic Development Bank, ISDB. The deal was concluded and signed at the 44th ISDB Group Annual Meeting in Marrakesh, Morocco, on Sunday. Zain…

Who Controls All our Money

So who controls all of our money? It's a simple question! We all know that you and I don't control it. Our employees don't control it. The companies that they work for don't control it. So who does? …

Naira falls by one percent against US dollar at black market

With uncertaintity gradually mounting over oil prices, Nigeria's currency, naira, was at its lowest rate, falling one percent against the United States dollar since August 2017, on the black market.N…

Former Goldman bankers face 1MDB charges

US authorities have brought criminal charges against two former Goldman Sachs bankers and Malaysian financier Jho Low.The Department of Justice charges stem from the long-running scandal at Malaysia'…

Nigeria's foreign reserve loses $1.02bn in 13 days

Latest data released by Nigeria's Central Bank has revealed a negative change  of value in the country's external reseerves, with the figure which was $44.30bn as at September 28, falling to $43…

Russian ruble tumbles on fresh US sanctions

The Russian ruble tumbled on Thursday to its lowest level against the dollar in almost two years after the United States said it was imposing fresh sanctions on Moscow over the nerve agent attack on …

Insurance coy sued over alleged failure to pay N3m claims

The Standard Alliance Insurance Company has been dragged to the Abia High Court in Aba over the company's alleged refusal to pay N3 million to a client on maturity of his life insurance.The suit file…

Japanese footballer Keisuke Honda forges partnership with Will Smith launching a venture capital fund

Japanese footballer Keisuke Honda is swapping football for finance, after launching a venture capital fund with Hollywood star Will Smith to invest in startups addressing social problems, the striker…

China pledges $20 billion in loans for Arab states

China will provide Arab states with $20 billion in loans for economic development, President Xi Jinping told top Arab officials Tuesday, as Beijing seeks to build its influence in the Middle East and…

World powers back Iran oil exports despite US sanctions threat

Iran's remaining partners in the 2015 nuclear deal vowed on Friday to keep the energy exporter plugged into the global economy despite the US withdrawal and sanctions threat.Three European nations al…

NNPC yet to explain missing $22.7 billion - NEITI

The Nigeria Extractive Industries Transparency Initiative, NEITI, has the NIgeria National Petroleum Corporation, NNPC, is yet to explain what happened to billions of dollars that went missing from i…

Forbes Releases World's Richest List, Amazon CEO Bezos gets the number one spot while Trump's wealth drops

Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires…

Bank of England predicts that Brexit will cost around 75,000 finance jobs

- Bank of England predicts that Brexit will cost around 75,000 finance jobs.- The actual figure likely to vary.- Details are based on a new report published by the BBC.Britain's lender of last resort…

Pay your Tax or be disgraced - Osinbajo

- Wealthy Nigerians have 90 days to declare taxes or be disgraced.- Government plans to go hard on tax evasion.Whilst Speaking at the 57th Annual Conference of the Nigerian Bar Association (NBA) in L…

I can't predict when recession will end- Adeosun

Nigeria's Minister of Finance, Mrs. Kemi Adeosun, has said that she cannot predict when the nation will get out of the current economic recession. Speaking in an interview in the nation's capita…

Ambode reveals why Lagos is not affected by recession

The Governor of Lagos State, Akinwunmi Ambode, has attributed the state's immunity to the current economic recession to the virile revenue base and fiscal discipline within the state. The Govern…

Concessioning would not lead to job losses- Minister assures aviation workers

At a meeting with the Air Transport Senior Staff Services of Nigeria, ATSSSAN, and the National Union of Air Transport Employees, NUATE, in Lagos over the weekend, the Minister of State for Aviat…

The recession will soon be over- Osinbajo

Nigeria's Vice-President, Prof. Yemi Osinbajo, SAN, has said that contrary to the predictions of a fellow Senior Advocate of Nigeria, Olisa Agbakoba, the economic recession currently plaguing the…