Revealed! Tinubu’s Government To N5.4trn Oil Subsidy in 2024
Despite several denials, President Bola Ahmed Tinubu government has concluded plans to spend up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials by government officials who insisted there were no subsidies. The revelation…
Nationwide Strike Grounds Nigerian Economy: Airports, Electricity, and Government Offices Shut Down
As a nationwide strike initiated by labor unions, including the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) began in Nigeria on Monday, June 3, 2024, there has been significant repercussions across various sectors of the country’s already…
BREAKING Striking Workers Deliberately Shut Down National Grid Indefinitely
The Transmission Company of Nigeria (TCN) hereby informs the general public that the Labour Union has shut down the national grid, resulting in black out nationwide. The national grid shut down occured at about 2.19am this morning, 3rd June 2024….
Labour To Proceed With Planned Strike As NASS Peace Move Fails
Amid last-minute efforts by the leadership of the National Assembly to stop the planned indefinite nationwide strike by the organised Labour, both Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) insisted on proceeding with their strike action beginning from…
Discover Regions & Countries Where Date Palms Are Cultivated Globally
Date palms are primarily grown in regions with hot and arid climates, as they require high temperatures, low humidity, and ample sunlight to thrive. Some of the major regions where date palms are grown in the world include: Date palms…
N494,000 Minimum Wage: Labours’ Demand Amounts to N9.5 Trillion Annually, Capable of Destabilising Economy – Minister
The Minister of Information and National Orientation, Mohammed Idris, has said the sum of N494,000 national minimum wage being demanded by organized labour, which cumulatively amounts to the sum of N9.5 trillion bill, is capable of destabilizing the economy and…
Manufacturers Attack CBN, Accuses Apex Bank Of Prioritising Financial Sector Over Real Sector
Nigerians in the manufacturing sector have accused the Central Bank of Nigeria (CBN) of prioritising the financial sector over the real sector in the manner it has been deploying its monetary policy options. Citizens in the sector under the aegis…
The Economic Importance of Date Palm: A Fruitful Investment
The date palm, scientifically known as Phoenix dactylifera, is a symbol of abundance and prosperity in many cultures around the world. This ancient tree has been cultivated for thousands of years for its sweet and nutritious fruit, as well as…
Remove Petrol, Electricity Subsidies After Taming Inflation, IMF Tells Tinubu Govt
The Federal Government of Nigeria has been urged by the International Monetary Fund (IMF) to remove the fuel and electricity subsidies when the rising inflation has been addressed. The IMF in a report titled ‘Nigeria: 2024 Article IV Consultation’ said…
Naira Rebounds Against the Dollar At Parallel Market
The Naira recovered against the United States (US) dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of…
