Economy Archives - Page 31 of 71

May

01

2024

Labour warns Nigerian Govt: “No minimum wage by end of May, no peace.”

Economy, Lifestyle, News, PoliticsEconomy, Lifestyle, Nigeria, NLC, Politics

The Federal Government has been given till the end of May by Organised Labour to complete the process of enacting the new national minimum wage for workers. The request was made on Wednesday in Abuja during the 2024 International Workers Day celebration by Mr Monroe Ajaero, President of the Nigeria Labour Congress, or NLC. The theme of this year's festivities is "Ensuring Safety and Health at Work in a Changing Climate." The head of labour issued a warning, saying that Nigeria might not experience industrial peace if the negotiations are not finished by the end of May. Ajaero said that…

Apr

15

2024

By Amos Oge Kalu

Naira gains value on the FX black market, achieving N1,000 per dollar.

Business, Economy, Metro, NewsBusiness, Economy, Naira, Nigeria

At the start of Monday's foreign exchange market, the value of the Naira increased to N1000 per US dollar. Mistila Dayyabu, a Bureau De Change operator, revealed this to OHAFIATV News. The BDC operator says that during the course of the week, the Naira is predicted to strengthen even more below the N1000 per dollar barrier. On Monday, the value of one Naira is worth between N1000 and N10550. The Naira will strengthen more throughout the week, reaching less than N1000 per dollar, he told OHAFIATV News. This happened a few days after Goldman Sachs declared that the Naira was…

Apr

12

2024

By Amos Oge Kalu

ATUS, a new Fintech Company set to crash the market with low charges.

Business, Economy, Metro, NewsATUS, Business, Economy, Finance

As the world of innovation and improvement in the area of financial technology companies continues to evolve with new ideologues and cutting-edge innovations that will further ensure perfect service delivery to all Nigerians in the financial industry, we must always prepare our minds for new entrants that will change the status quo and offer more people-friendly service options. This is where ATUS has come in to fill every vacuum in the financial technology system. To rule the Fintech Business world, ATUS has since started a loaning system that gives their customers real flexibility in terms of collateral and loan terms…

Mar

24

2024

By Amos Oge Kalu

You’re not going to tweet now Naira appreciated in value; Reno Omokri criticises Obi

Column, Metro, NewsEconomy, Next Level, Peter Obi, Reno Omokri

Sociopolitical activist Reno Omokri has once more attacked Labour Party presidential candidate Peter Obi for 2023, calling him an enemy of the nation. On Sunday, Omokri criticised Obi and urged Nigerians to rejoice over the little improvement of their national currency versus the US dollar. Omokri noted in a tweet on his official X feed that it's important to recognise the meagre advancements being achieved in terms of the foreign exchange value. He claims that the value of the naira against the dollar has continued to rise, with both official and black market prices being at ₦1610 to $1. "Both…

Mar

15

2024

By Amos Oge Kalu

Ohanaeze Ndigbo Believes In Umahi And The Project Of Lagos-Calabar Coastal Highway.

Business, Economy, Metro, News, PoliticsDave Umahi, Economy, Ohanaeze Ndigbo

In these trying times of economic turmoil and challenges plaguing Nigeria, a glimmer of hope shines through President Tinubu's administration's commitment to transformative infrastructure development, particularly evident in the ongoing road construction nationwide. Ohanaeze Ndigbo, the apex Igbo organization, staunchly backs the construction of the 700km Lagos-Calabar coastal highway, recognizing its potential to enhance tourism and agriculture. However, a sinister campaign of false accusations against the Minister of Works, Senator Dave Umahi, orchestrated by corrupt contractors and their cohorts, seeks to sabotage the signature projects of Tinubu's government. The vigilant eyes of Nigerians, especially Ndigbo, remain fixed on these nefarious…