NEW MINIMUM WAGE TAKEOFF SET FOR SEPTEMBER- FG

The Federal Government will expedite action to ensure that a new minimum wage is ready by the second quarter of the year, Vice President...

IMF URGES CBN TO IMPLEMENT FLEXIBLE FOREX REGIME

The International Monetary Fund (IMF) has enjoined the Central Bank of Nigeria (CBN) to implement a flexible foreign exchange regime by focusing on macro-economic...

FOREIGN EXCHANGE: 70,000 NIGERIANS VISIT CHINESE PROVINCE IN ONE YEAR

Wale Oloko, the Consul-General of the Federal Republic of Nigeria in Ghuangzhuo, China on Monday announced that no fewer than 70,000 Nigerians visited Guangzhou,...

AUN APPOINTS DAWN DEKLE, AS NEW PRESIDENT

The Board of Trustees of the American University of Nigeria (AUN) has appointed an American international educator, Dawn Dekle, as the president of the...

FG OPENS NEW OFFER ON MONTHLY SAVINGS BOND AT 13.535 PERCENT

The Federal Government said on Sunday that it was offering for subscription two-year and three-year Savings Bonds to investors at 13.535 percent and 14.535...

GLOBAL HUNGER RISES FOR FIRST TIME IN DECADE – U.N. AGENCIES

Global hunger levels have risen for the first time in more than a decade, now affecting 11 percent of the world’s population, as conflict,...

NEC ORDERS AUDIT OF ECA OVER $100M DISCREPANCY

The National Economic Council (NEC) has ordered the audit of the Excess Crude Account (ECA) following disparities in the figures presented by the Accountant...

SERIOUS NEGLIGENCE BY SHELL, ENI ON OIL SPILL UNCOVERED

In a groundbreaking research project, Amnesty International has accused Shell and Eni of gross negligence and irresponsible approach to oil spills in the Niger...

SUB-SAHARAN AFRICA TO GROW AT A SLOWER RATE THIS YEAR- WORLD BANK

Economic growth in sub-Saharan Africa is expected to be 2.4 percent in 2017, the World Bank said on Wednesday, down from the 2.6 percent...

CBN INJECTS FRESH $205M INTO FOREX MARKET

The Central Bank of Nigeria (CBN) on Monday injected over $205 million into the foreign exchange market. A breakdown of the intervention shows that...