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…
Repositioning EFCC: Olukoyede Effects Critical Challenges, Makes New Appointments
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has appointed Mr. Michael Nzekwe as his Chief of Staff. He has also appointed Zonal Directors for each of the 14 Zonal Commands of the Commission. Nzekwe,…
10 Compelling Reasons to Embrace Insurance for a Secure Future
Introduction:Insurance is often seen as an unnecessary expense, but the reality is that it provides a safety net for unexpected events that can have a significant impact on your finances and well-being. From protecting your assets to providing peace of…
Customs Suspends 25% Penalty on Improperly Imported Vehicles
Amid economic hardship occasioned by high cost of living in Nigeria and to encourage compliance, the Nigeria Customs Service (NCS) at the weekend announced that the federal government has approved the suspension of the 25 percent penalty previously imposed in…
TCN Expands Regional Capacity, Increases Capacity of Port Harcourt Main Substation with 100MVA Transformer
In a bid to boosts regional capacity, the Transmission Company of Nigeria (TCN) has commissioned a 100MVA 132/33kV power transformer at its Port Harcourt Main Substation, enhancing the bulk transmission capability of the substation by 80MW. This initiative, which is…
