Tinubu and labour unions set minimum wage at N70,000
President Bola Tinubu has approved a new minimum wage of N70,000 for Nigerian workers, the Minister of Information and National Orientation, Mohammed Idris, announced...
World Bank appoints new country director for Nigeria
The World Bank has appointed Ndiamé Diop as its new country director for Nigeria.
Mr Diop, who is a Senegalese, assumed his new position Tuesday. He...
Nigeria’s fuel subsidy cost to rise as smuggling resumes
Nigeria will likely pay higher fuel subsidy costs in the coming months as traders have resumed smuggling fuel to Cameroon, where retail prices are...
Nigeria’s FDI doubles in 2023 – a rare positive for Tinubu government
Foreign direct investment (FDI) flows to Nigeria more than doubled in 2023, reversing a sharp decline from the previous year and defying both global...
Nigeria’s pension payout to unemployed at 7-year high as economy falters
Pension payments to temporarily unemployed Nigerians surged over the past year, reaching a seven-year high in the first quarter of this year as the...