The National Salaries Incomes and Wages Commission (NSIWC) says it has initiated the process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku,…
Business & Economy
Nigeria’s debt profile may hit seventy seven trillion naira in June says NECA
Nigeria Employers Consultative Association, NECA, yesterday in Lagos, raised the alarm that Nigeria’s debt profile could hit seventy seven trillion naira in June 2023, saying returning the economy to the…
Union kicks against CBN’s directive on cash withdrawals
Mobile money operators and the organised banks’ customers have expressed their opposition to the new Central Bank of Nigeria’s, regulations on withdrawals, saying the Bank wants to send them out…
President Buhari nominates Adamu, Ahmad CBN Deputy Governors
President Muhammadu Buhari has forwarded the names of Aishah Ahmed and Edward Adamu to the Senate for confirmation as deputy governors of the Central Bank of Nigeria (CBN). President Buhari’s…
Central Bank of Nigeria Limits Cash Withdrawals to N100,000, N200 Now Highest ATM Denomination
The Central Bank of Nigeria (CBN) has ordered deposit money banks and other financial institutions to ensure that weekly over-the-counter cash withdrawals by individuals and corporate entities do not exceed…
Excess Crude Account falls by 89% to 473,000 dollar
Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from four point one billion dollars( $4.1bn ), in November 2014 to four hundred and seventy…