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Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria, said the country’s level of productivity cannot support a N400,000 or N500,000 minimum wage the organised labour is demanding. The former presidential candidate in a statement on his X account on Tuesday recommended a minimum wage of between N75,000 and N100,000. Organised labour […]Read More

(Reuters) – Japanese baseball great Shohei Ohtani’s former interpreter pleaded guilty on Tuesday to stealing nearly $17 million from the athlete’s bank account to pay off his own gambling debts, according to U.S. prosecutors. Ippei Mizuhara, the onetime translator and de facto manager of the Los Angeles Dodgers’ power-hitting pitcher, pleaded guilty in a deal […]

One person has been confirmed dead, six seriously injured and 30 trapped when a mine site collapsed in Galkogo village of Shiroro local government area of Niger State. The site is said to belong to African Minerals and Logistics Limited. The Manager of the site, Alhaji Ibrahim Ishaku, was also said to be trapped in […]

A former Minister of Works and Housing, Dr Babatunde Fashola, has charged fresh graduates and other youths to embrace the future with skills, technology and self-discipline. Fashola said on Tuesday that the youth would need to prepare for enormous possibilities of prosperity that would elevate the human race. The former Governor of Lagos State gave […]

Equities Investors Lose N103bn as NGX Opens Negative Equities investors lost about N103 billion on Monday as Nigerian Exchange (NGX) opened the week negative. The local bourse halted last session’s winning streak as investors lost N102.55 billion, following sell-offs in Tier-one banking stocks and cautious trading. Specifically, sell-offs in FBN Holdings, United Bank for Africa […]

NDIC Begins Liquidation of Heritage Bank, to Pay Depositors The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5 million in insured deposits, it said in an official statement. Following the revocation of the banking license of Heritage Bank Plc by the […]

CardinalStone Opens Inv. Opportunity in Eurobond Notes at 8.5% Interest Rate A multi-asset investment banking firm, CardinalStone Partners Limited, is offering investors the opportunity to earn 8.5% net returns on their investments in two US dollar denominated assets. In a notice, the investment firm told investors its latest move is part of commitment to provide […]

Tritek Consulting Expands into US, Canada –Official Tritek Consulting, a leading tech consulting firm founded in Nigeria, has announced its expansion into the United States and Canada. This strategic move is driven by a surge in demand for Tritek’s services from clients across North America. This news comes soon after Tritek’s announcement of their flagship […]

Flour Mills of Nigeria Profit Drops by 99% in 2024 Flour Mills of Nigeria Plc reported more than 99% year on year decline in profitability in 2024, details from its audited financial statement showed. The consumer goods company’s net profit came at N3.45 billion from N29.5 billion in the comparable year in 2023, according to […]

Stock Recommendation: Afrinvest Sees 26.4% Upside in Zenith Bank Zenith Bank Plc has been rated buy by Investment firm, Afrinvest Limited in its latest stock recommendation. Analysts have set N41.70 target price for Zenith bank plc with 26.4% upside. In the stock market, the share price of Ajose Adeogun based bank crossed N1 trillion again […]

Nigeria’s Private Sector Activity Picks Up in May- PMI May, 2024 data pointed to a pick-up in growth in the Nigerian private sector, with both output and new orders increasing at sharper rates than in April, according to Purchasing Manager Index released by Stanbic IBTC. However, the report noted that rates of expansion remained slower […]

Strike: Labour Unions Ground Activities at Lagos Airport Flight operations and other activities at the Murtala Muhammed Airport Terminal II (MMA2), were grounded on Monday, following a nationwide indefinite strike by the Nigeria Labour Congress (NLC). Airport unions were seen manning the entrance of the airport as stranded passengers stood by at the MMA2. Mr […]