Metro

The house of representatives has passed the bill raising the national minimum wage. The lower legislative chamber passed the bill after considering the report of its ad hoc committee during plenary on Tuesday. The passage comes about a week after President Muhammadu Buhari sent the wage bill for consideration, following its approval by the national council of state. The council …

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The Senate Committee on Foreign and Local Debts has expressed worry over the rising foreign debt profile of the country and described the trend as very dangerous to the nation’s economy. The panel, therefore, called on well-meaning Nigerians to rise up and condemn the development to avoid a re-colonisation of Nigeria. The Chairman of the committee, Senator Shehu Sani, stated …

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Nigeria moved to 144th from 148th in Transparency International latest corruption perception index worldwide, that also saw the United States dropping four notches out of the top 20 countries in the world. However, Nigeria made the four notch jump without improving its score of 27 out of a possible 100 as recorded in 2017. Africa’s most populous country tied with …

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The ministry of foreign affairs has described reactions from United States, United Kingdom and the European Union over the suspension of Walter Onnoghen, chief justice of Nigeria (CJN), as inimical to the well-being and development of Nigeria. The executive arm of the government had come under harsh criticism since Friday when President Muhammadu Buhari suspended Onnoghen who is being tried …

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The Organised Private Sector, a body of employers in the private sector of the economy, has said it agrees with a new minimum wage of N30‎,000 as recommended by the tripartite committee set up by President Muhammadu Buhari. The position was made known at the public hearing organised by the House of Representatives on the New Minimum Wage Bill presented …

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The dates for the 2019 African Nations Cup finals in Egypt have been moved back by a week, the Confederation of African Football said on Monday. The shift was reportedly to allow players to rest after the Muslim holy month of Ramadan. Ramadan is likely to begin on the evening of May 5 and end around June 4. Muslims observe fast …

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The Code of Conduct Tribunal has adjourned hearing in the case of false assets declaration filed against the suspended Chief Justice of Nigeria, Justice Walter Onnoghen, indefinitely. The CCT Chairman, Danladi Umar, who announced the adjournment on Monday said it was in obedience to the interim order granted by the Court of Appeal, Abuja. Advertisement The appellate had on Thursday …

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The Edo State Governor, Mr. Godwin Obaseki, has said that the state government is in discussions with the Central Bank of Nigeria (CBN), to develop a programme that will see investors taking up 100,000 hectares of agricultural land in the state for plantation development. The governor said this when he met with a delegation from the International Finance Corporation (IFC), …

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  Union Bank has announced the launch of TechVentures, a unique banking proposition which provides tailored services to technology companies. The solution was unveiled at TechPoint Build, a leading technology conference for tech experts, investors, start-ups and owners of tech-enabled businesses, that held in Lagos recently. TechVentures supports tech-based businesses in various stages of their lifecycles, providing them services which include …

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Former Chief Economist/Group Head, Research & Economic Intelligence Group a Zenith Bank Plc, Marcel Okeke has said the plan by Economic Community of West African States (ECOWAS) to achieve single currency for the region by 2020 is no longer realistic. He spoke at the Finance Correspondents Association of Nigeria (FICAN) 2018 Economic Review and 2019 0utlook held in Lagos at …

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