The Nigeria Labour Congress (NLC) has told the Solicitor-General of the Federation and Permanent Secretary of Ministry of Justice that there is no order, whether interim, interlocutory or perpetual, from either the National Industrial Court or any other court restraining Nigerian workers from participating in peaceful rallies convened by it. It also reminded the Federal Government, through the Solicitor-General, that …

In an epochal event that marked the commencement of a new chapter in Akwa Ibom State’s development, Governor Umo Eno has unveiled the ARISE Agenda, a visionary plan aimed at propelling the state’s socio-economic growth and transforming the lives of its citizens. Addressing a diverse audience, Eno expressed his commitment to achieving global best democratic practices in line with the …

Senator Shehu Sani has insinuated that the poor are the worst hit by the current economic hardship, while the rich are insulated from economic woes. Sani, a chieftain of the Peoples Democratic Party (PDP) and former lawmaker, made the assertion via his verified Twitter handle on Tuesday. Sani wrote: “In our country, the rich are in the Noah’s Ark and …

Travellers are expressing their disappointment and frustrations as airfares continue to skyrocket, making it increasingly difficult for individuals to embark on their desired trips. The rising costs, coupled with economic uncertainties, have left many passengers in a state of dismay. About two weeks after President Bola Tinubu promised to unify the nation’s multiple exchange rates, the regulatory bank decided to …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged President Bola Tinubu to declare a state of emergence on the country’s refineries. IPMAN Chairman in Rivers State, Dr. Joseph Obele made the call against the backdrop of the hike of the pump price of Premium Motor Spirit, PMS, also known as petrol. The pump price of fuel on Tuesday …

The Group Chief Executive Officer of the NNPC Limited, Malam Mele Kyari has attributed the rise in petrol pump prices in Nigeria to market forces. This follows a recent price increase from N540 to N617 per litre, which he said reflects the dynamics of a market-regulated pricing model. After a closed-door meeting with Vice President Kashim Shettima at the State …

Nigeria’s headline inflation rate rose to a 17-year high of 22.79 per cent last month as against 22.41 per cent in the previous month. The accelerated increase is for the sixth consecutive time, according to data by the National Bureau of Statistics (NBS) released Monday. The NBS report read: “In June 2023, the Headline inflation rate rose to 22.79 per cent …

President Bola Tinubu on Thursday declared a state of emergency on food security as the Federal Government stepped up efforts to tackle food inflation following the removal of fuel subsidy. The President also approved that all matters pertaining to food and water availability as well as affordability, as essential livelihood items, be included within the purview of the National Security …

The Institute of Chartered Accountants of Nigeria (ICAN) has applauded the unification of Nigeria’s foreign exchange rate, saying that it would stimulate the growth of the securities market and attract foreign investments into the country. The Institute said that it is expected that the action would generally lead to short-term pains that will yield long-term gains. A statement by the …

The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates by at least 700 basis points before the end of the year to curb inflation. In an interview with Bloomberg on Monday, the bank’s sub-Saharan Africa Economist, Tatonga Rusike, said the hike was necessary to tackle soaring inflation occasioned by …