Economy Archives - Page 65 of 69

Oct

07

2021

N30,000 minimum wage no longer takes Nigerian workers home – NLC

Economy, MetroEconomy, Metro, Next Level, Nigeria, NLC, Opinion

Comrade Ben Ukpepi, the Nigeria Labour Congress (NLC) chairman in Cross River State, on Thursday, said that the take-home N30,000 national minimum wage no longer takes Nigerian workers home. Ukpepi disclosed this while commemorating the 2021 International Day for Decent Working Environment in Calabar. The 2021 Day has “Just Jobs” as its theme, NAN reports. Ukpepi explained that it was obvious that the workforce in Nigeria was working in environments that were deficient in indecency, adding that something needed to be done. He said, “Today in Cross River, we are marking the World Decent Work Day as a result of…

Oct

02

2021

By OHAFIATV

Aero Contractors takes delivery of two Airbus 320

Business, Economy, MetroAero Contractors, Economy, Metro, Next Level, Nigeria

The Aero Contractors, Nigeria’s oldest aviation company, yesterday took delivery of two Airbus 320 from Heston airline based in Lithuania. The two aircraft touchdown the runway of Nnamdi Azikiwe International Airport (NAIA), Abuja, yesterday afternoon and was immediately received at the airport by the Managing Director of the Aero Contractors, Capt. Abdullahi Mahmood, along with other senior executives of the airline. Mahmood while speaking to the press at the sidelines of the event said: “We are pleased to secure the two aircraft through House of Five A’s, which will boost our fleet and give us the much-needed capacity to serve…

Sep

21

2021

By OHAFIATV

GIGG Condemns FG’s Plan To Borrow Additional N2trn

Economy, PoliticsEconomy, Emeka Kalu, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics

The Global Initiatives for Good Governance (GIGG) has condemned the plan by the Federal Government to borrow an additional N2 trillion from China. The group in a statement by its Director-General, Dr Emeka Kalu said that the plan by the government would further push the country into more debts without proper use of the previous ones borrowed by the government. The statement further hinted that the level of borrowing by the government was not ideal in a modern society where fiscal federalism should have been given a viable opportunity to thrive. Kalu insisted that further application for borrowing was a…

Sep

01

2021

By OHAFIATV

President Buhari launches annual 20,000 jobs scheme

Economy, PoliticsEconomy, Mohammadu Buhari, Next Level, Nigeria, Opinion, Politics

President Muhammadu Buhari has said the focus on job creation, consistency in policy and innovation stimulated a five per cent growth of the economy in the second quarter of 2021, which is the highest in six years. He said the Jubilee Fellows Programme will further consolidate on the success recorded. The president spoke yesterday at the launch of the Nigeria Jubilee Fellows Programme, State House, Abuja. In a statement issued by presidential spokesman, Femi Adesina, the president listed some of the key drivers of economic growth and diversification in the second quarter to include telecommunications, transportation, electricity, agriculture and manufacturing.…

Aug

31

2021

By OHAFIATV

Naira declines on Monday falls to N527 per dollar

Economy, Metro, PoliticsEconomy, Metro, Next Level, Nigeria

The naira extended its decline on Monday, sliding to an all-time low of 527 against the dollar at the parallel market. The local currency, which has been on a downward trend in recent weeks, fell to 524 against the greenback on Friday from 522/$1 on Thursday. At the Investors and Exporters window, the naira, however, strengthened to 411.63/$1 on Monday from 412/$1 on Friday, according to FMDQ Group. The naira had strengthened to 506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria stopped foreign exchange sales…