The Nigeria Labour Congress (NLC) has pledged commitment to workers welfare while appealing to the Federal Government to urgently transmit the bill on the new national minimum wage to the National Assembly. Ayuba Wabba, NLC president, made the appeal in a New Year message on Tuesday in Abuja. According to him, 2018 remains one of […]
Nigeria’s crude oil daily production recorded an upward swing of about 2.09million barrels in 2018, translating to a 9 per cent increment, compared with the 2017 average daily production of 1.86million barrels. Pitched against the low-level daily crude oil production in 2016 and what obtains now, Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr. […]
Lending is a principal responsibility carried out by banks to their customers. The challenge with loan advancement in Nigeria is that only few people come forward to borrow given the slow growth in Nigeria Gross Domestic Product (GDP). Speaking on the state of banks, Head, Research Coronation Merchant Bank Limited, Guy Czatoryski, said the challenge […]
Liverpool go into 2019 seven points clear at the top of the Premier League, having conceded just eight league goals this season, while playing some of the best soccer in Europe. It is quite understandable to see why they have usurped Thursday’s opponents, Manchester City, as the favorites to win the league. But, ahead of […]
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the economic growth rate of 1.9 per cent was too low to make any appreciable impact. Its president, Iyalode Alaba Lawson, said recent reports from the Nigeria Bureau of Statistics (NBS) showed that the Gross Domestic Product (GDP) grew at 1.81 […]
Governors on Monday described as unpatriotic the insistence of the Nigeria Labour Congress that N30,000 was the least it would accept as the national minimum wage. They added that it was an attempt to hold President Muhammadu Buhari and the nation to ransom. The governors, however, said they would have loved to pay the N30,000 […]
Algeria’s energy minister said he was confident oil prices will return to between $65 and $70 a barrel by April, but stressed that the OPEC alliance would cut production further if the market had not responded by then. “If the situation requires a further reduction, we will do it,” Algerian energy minister Mustapha Guitouni said […]