Naira Devaluation Fueling Labour’s Demands For Better Wages – Ajaero
The cost of living index determines the wages. I want you to benchmark it with probably a bag of rice which is about 84,000 naira today.
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China-Africa-UNIDO Centre of Excellence Opens in Addis-Ababa
▪︎Melaku Alebel, Luo Zhaohui, Chairman of the China International Development Cooperation Agency (CIDCA) and DG Gerd Müller. ▪︎ ETHIOPIA The Ethiopian Minister of Industry, Melaku Alebel, has officially inaugurated the China-Africa-UNIDO Centre of Excellence located in Addis – Ababa. UNIDO reports that the centre is a pioneering tripartite initiative, to promote sustainable industrialization, agricultural modernization,…
BOI Launches N2b Special Loan Scheme for NYSC members
The BOI’s Managing Director, Dr Olasupo Olusi, said that the initiative, would enable serving corps members to access up to N5 million each at a single-digit interest rate of nine percent per annum, repayable over three years, with a three-month moratorium on both principal and interest.
China’s Rise to Manufacturing Dominance Over 30 Years
(Visual Capitalist) China and manufacturing dominance together are words easily believed, but this wasn’t always the case. The world’s manufacturer didn’t always make—quite literally—everything. This visualization projects the change in manufacturing value added (MVA) by country from 2000 to 2030. Data is sourced from the UN Industrial Development Organization, as of November 2024. Economic Reforms and…
Aliko Dangote Retires from Cement Board To Accelerate Refineries Growth
•Emmanuel Ikazoboh Becomes Chairman Foremost entrepreneur and founder of Dangote Cement Plc, Aliko Dangote has announced his retirement as a Director and the Chairman of the Board of Directors, effective July 25, 2025.In a statement signed by Anthony Chiejina Group Chief, Branding & Communications Officer, said that Dangote’s relinquishing his position as chairman and retiring…
Adedeji’s One Year Scorecards at FIRS
Achieved 81 percent of the collection of the first quarter of 2024 amounting to N3.94 trillion being an all-time highest in the same quarter and 56 percent higher than Q1 2023.
CBN allows Opay, Moniepoint other digital banks to open branches nationwide
Licensed institutions are required to establish physical branches or service centres in key locations, improving access for customers who need in-person support.
Manufacturers Give Conditions for Paying Minimum Wage
Manufacturing companies in Nigeria says that unless the federal government address the challenges confronting their businesses, they won’t be able to pay the new minimum wage of N70,000 agreed with Labour. Segun Ajayi-Kadir, the Director-General of Manufacturers Association of Nigeria (MAN) disclosed this, following the recent Presidential announcement on the new minimum wage. Ajayi-Kadir said…
N Seven acquires 550,092 Guinness Nigeria shares
The acquisition underscores ongoing activity by key insiders to consolidate equity positions in the prominent brewing entity.
‘Diet Coke button’ Returns to Trump’s Oval Office
Trump is back in the Oval Office – and the long tradition of presidential redecoration is underway. In redecorating, the president symbolizes their goals for the coming four years by putting their own personal spin on the room. Trump’s creative licence shows itself in a red valet button, used by the president to request a…