Nationwide Protest: Labour Disregards DSS Warning, Insist On Protest

The Nigeria Labour Congress, NLC, has disregards the Department of State Services, DSS, advisory to shelve its planned nationwide protest in the interest of peace and public order. 

FAAN Headquarters Move To Lagos

The Federal Government has directed the relocation of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos.

Economic Hardship: Customs To Distribute Seized Rice, Others

The Nigeria Customs Service, NCS, has stated that the agency will distribute seized rice and other food items to reduce food security challenges in the country.

Shell To Exit Nigeria, Plan To Sell SPDC

Shell, one of the leading international oil companies in Nigeria is selling its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria Limited, SPDC, to Renaissance, a consortium of five companies based in Nigeria, and an international energy group, for up to $2.4 billion.

Economic Hardship: NLC Declares Nationwide Shutdown

The leadership of Nigeria Labour Congress, NLC, has declared a two-day nationwide mass protest for February 27 and 28 following the worsening economic hardship in the country.

LABOUR Kicks As FG Mute On N35,000 Award Payment

The organised Labour and the Federal Government are on a collision course over the government’s nonpayment of N35, 000 wage awards to workers.

NDIC, CBN Commences Supervision Of Banking System

The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) have commenced supervision of the banking sector to guarantee that non-performing loan ratio continues below the maximum threshold set.

CBN Plans To Freeze Bank Accounts Without BVN, NIN From March 2024

The Central Bank of Nigeria (CBN) has stated that bank accounts without Bank Verification Number (BVN) or National Identification Number (NIN) will be restricted from March 1, 2024.

DisCos Permitted To Obtain Electricity Directly From Producers

The Electricity Distribution Companies, DisCos, in Nigeria has been permitted by the Federal Government to obtain electricity directly from power Generation Companies, GenCos.

Naira Now N1, 165/$ At Parallel Market

The Nigerian currency has continue to appreciate to N1,165 per dollar ($) in the parallel market from N1,167/$ on Wednesday.