Global Business News
Global Business News
Global Business News

Abuja, Dec. 23, 2022 – The Nigeria Labour Congress (NLC) says Nigerians are currently going through “dark times”. In a Christmas message issued on Friday in Abuja and signed by its National President, Ayuba Wabba, decried the poor living conditions of the workers in the country. The union, however, advised Christians to “resonate the light of hope birthed through Jesus Christ”. “This Christmas, we urge Nigerian workers and people to resonate in the light of hope birthed by the love of God conveyed through the birth of His son Jesus …

Abuja, Dec. 23. 2022 – The Federal Government is to spend N144.8 billion on a National Plan on Financing Safe Schools between 2023 and 2026. Dr Zainab Ahmed, the Minister of Finance, said this in Abuja on Thursday at the inauguration of the scheme. She said that the plan was to achieve measurable development outcomes likes reduction in number of out-of-school children and improvement in Nigeria’s rating in the Human Capital Index in the long run. She said that the Federal Government aimed to grow Nigeria’s Gross Domestic Product (GDP) …

Empowerment Ibadan, Dec. 23, 2022 (NAN) Mr Oludayo Olusoga, the Executive Director, BetaX Digital Literacy for Sustainable Development Initiative, says the initiative will empower African youths to alleviate poverty, solve hunger and reduce unemployment. Olusoga said this at the graduation of the first set of free Digital Skills Training organised by the institution in Ibadan on Thursday where certificates were presented to the graduands. According to him, the initiative is positioned to empower African youths, alleviate poverty, solve hunger problems and reduce unemployment. “BetaX is a tech non-profit foundation tackling …

Owerri, Dec. 23, 2022 – Seven officers in Imo Police Command were dismissed on Thursday over alleged corrupt practices. Mohammed Barde, the state Commissioner of Police, said the officers were arrested in a bank at Umuahia, the Abia State capital, on illegal duty outside their jurisdiction. He said they were trying to extort money from their victim. Barde gave their details as F/No. 462315 Sgt. Ohakim Chibuzo; F/No. 505455 Sgt. Irome Finian; F/No. 505592 Sgt. George Osueke; F/No. 511966 Cpl. Kelechi Onuegbu and F/No. 512320 Cpl. Nwagoro Isdore. Others are …

Abuja, Dec. 23, 2023 – Dr Chris Ngige, the Minister of Labour and Employment, says all employers of labour in the country are bound to comply with the Minimum Wage Act by paying the N30,000 minimum wage. Ngige, who spoke at a public enlightenment and sensitisation workshop for field officers on the national minimum wage in Abuja on Thursday, said all establishments were bound by the Act because they were duly represented in the negotiations. “The formal and informal sectors were represented during the collective bargaining mechanisms that produced the …

Lagos, Dec. 23, 2022 – Chief Bola Tinubu, the Presidential Candidate of All Progressives Congress (APC), on Thursday said he would scrap multiple exchange rates and remove petroleum subsidy if elected in the 2023 election. He also promised to fix power, guarantee ease of doing business in the country and introduce student loans. Tinubu, who spoke in Lagos at a luncheon with business entrepreneurs, said he would mobilise Nigerians to turn current challenges into opportunities to foster development, stressing that business and insecurity could not be good companions. Tinubu said …

Yauri, Dec.23, 2022 – Abubakar Malami, the Attorney-General of the Federation and Minister of Justice, on Thursday said Nigeria was losing N1.5 trillion annually to rice importation before President Muhammadu Buhari introduced the rice revolution in 2015. Mallami, who spoke at the kebbi South Zonal Rally of All Progressives Congress (APC) held in Yauri, said the country had since gone from mass product importation to exporting over 800 tonnes of the commodity yearly “Before President Muhammadu Buhari’s administration in 2015, Nigeria was spending N1.5 trillion to import rice from Thailand …

Abuja, Dec.23, 2022 – Aisha Ahmad, a Deputy Governor in the Central Bank of Nigeria (CBN), on Thursday said the apex bank ordered for printing of 500 million pieces of redesigned naira notes. “We ordered for 500 million pieces of currency from the Mint. That was what we ordered,” she said. Ahmad said this while briefing lawmakers at the National Assembly on the newly redesigned naira notes and CBN new policy on limited cash withdrawal. She also said that the cashless policy and naira redesign by the CBN were not …

Ibadan, Dec. 22, 2022 – The Oyo State Police Command on Thursday said it had arrested five suspected kidnappers terrorising travellers along the Lagos-Ibadan expressway. The command listed the arrested suspects as Mohammadu Salfa, Usman Hassan, Muhammadu Salfa, Muhammadu Bello and Mikailu Yahaya It said cash amounting to N7.5 million was recovered from the suspects along with four AK-47 rifles, 75 AK-47 live ammunition, two pairs of military camouflage and one police. Kidnappers have been attacking passengers along the Lagos-Ibadan expressway for some time now. Parading the suspects at the Oyo …

Abuja, Dec. 22, 2022 -The National Assembly has postponed the passage of the 2023 Appropriation Bill slated for today. The Senate President, Ahmad Lawan, cited the long cleaning process the draft budget proposal underwent, among other factors for the postponement. He said the Committees on Appropriation from both chambers couldn’t meet up with the submission of the report for consideration and passage on Thursday. Lawan said irreconcilable figures were detected in the bill by the appropriation committees of both chambers and the process of cleaning the errors lasted till Wednesday. “The …