In a significant policy announcement, President Bola Ahmed Tinubu has expressed his commitment to implementing a higher minimum wage than the proposed N60,000, according to the Secretary to the Government …
Economy
- AfricaAFRICA NEWSEconomy
International Flights Undisrupted as Unions Again Shut Down Local Airports
by Editorby EditorNigeria’s local aviation sector is facing another round of disruptions as labour unions have once again shut down domestic airports across the country. Despite the widespread impact on local travel, …
Nigeria’s economy is reeling from a significant blow as nationwide labour strikes have effectively ground key sectors to a halt. The coordinated action by major labour unions has disrupted the …
- AfricaAFRICA NEWSEconomy
Kano Emirates Crisis: Governor Abba Meets with NSA Ribadu for Discussion
by Editorby EditorKANO, Nigeria – In a bid to address the escalating crisis within the Kano Emirates, Governor Abba Yusuf held a crucial meeting with National Security Adviser (NSA) Nuhu Ribadu on …
- AfricaAviationEconomyGlobal NewsTravel & Tourism
Lawsuit Alleges Discrimination Against American Airlines
by Editorby EditorA former employee has filed a federal lawsuit against American Airlines, alleging the company discriminated against them on the basis of race and age. The lawsuit, filed Tuesday in U.S. …
- AfricaAFRICA NEWSEconomy
Burkina Faso: Military-led Transitional Government to Extend for Another Five-Years
by Editorby EditorIn a significant political development, Burkina Faso’s military-led transitional government announced it would extend its leadership for an additional five years before holding national elections. This decision follows a period …
- AfricaAFRICA NEWSEconomy
Kenya Resumes Trade with Uganda Following Presidential Memorandum
by Editorby EditorKenya and Uganda have resumed trading in sugar and milk after a memorandum was signed by Presidents William Ruto and Yoweri Museveni in Nairobi. This development has alleviated longstanding issues …
- AfricaAFRICA NEWSEconomy
Nigeria’s GDP Growth Declined By 2.98% In Q1 2024, Says NBS
by Editorby EditorThe National Bureau of Statistics (NBS) reported on Friday that Nigeria’s Gross Domestic Product (GDP) decreased by 2.98% in the first quarter (Q1) of 2024. According to the latest report …
- AfricaAFRICA NEWSEconomy
Nigeria: Financial sector experts optimistic about economic recovery
by Editorby EditorData from the National Bureau of Statistics (NBS) indicated that Nigeria’s financial services sector contributed N3.8 trillion to the country’s Gross Domestic Product (GDP) in 2023, marking a 26.5% increase …
- AfricaAFRICA NEWSEconomy
Borrowers face surge in interest payment after CBN’s rate hike
by Editorby EditorThe Central Bank of Nigeria (CBN) recently raised the interest rate by 150 basis points to 26.25% from 24.75%. Customers with outstanding loans will begin to see an increase in …