High Fuel Cost: Enugu State Government Introduces CNG Buses

High Fuel Cost: Enugu State Government Introduces CNG Buses

By Chinedu Echianu The Enugu State Government has taken steps to introduce Compressed Natural Gas (CNG) buses as part of the efforts to preserve the environment and also make transportation affordable for citizens. The state government has equally created the Ministry of Energy and Mineral Resources to oversight and catalyse investment in the energy and mineral sector. These were made known by the Secretary to the State Government, Prof. Chidiebere […]

September 28, 2024 8

Business

Federal Government Bond Raised 4.13tn In The First Half

The Federal Government has raised about N4.13tn from bonds in the first half of 2024. This was revealed in the FMDQ Exchange Financial Markets Monthly Report for June this year. Value of new issuance of FBN bonds for June, which was N297.01bn, was the lowest in six months and the highest was N1.49tn in February. At the end of June 2024, the value of outstanding FGN bonds, which includes savings […]

July 29, 2024 12

Economics

FEDERAL GOVERNMENT AND ORGANISED LABOUR AGREE ON SEVENTY THOUSAND NAIRA AS MINIMUM WAGE FOR WORKERS.

Federal Government and the organized labour have agreed on seventy thousand Naira as the new National Minimum Wage. This was the outcome of the latest meeting between President Bola Tinubu and leadership of the organised labour, which took place at the Presidential Villa, Abuja. The sum of sixty thousand naira was first suggested by the government during a meeting late Monday. During the meeting the Federal Government of Nigeria was […]

July 18, 2024 11

Business

CENTRAL BANK COMMENCE SALES OF FOREX TO BUREAU DE CHANGE

Central Bank of Nigeria has commenced sales of forex to Bureau De Change operators after a four-month hiatus, newsmen have reported . This was after the apex bank confirmed forex sales of $122.67m to 46 authorized dealers on Friday. A statement signed by the Bank’s Director in charge of Financial Markets, Dr Omolara Duke, said the new release is part of the bank’s determination to promote stability and reduce market […]

July 12, 2024 25

Economics

FG SEEKS PARTNERSHIP WITH INDIA ON GREEN ENERGY

The Special Presidential Envoy on Climate Action, Chief Ajuri Ngelale, has had a discussion with the Indian High Commissioner to Nigeria, Shri Balasubramanian, to establish new green industrial partnership opportunities. He said the meeting, which took place at the State House, Abuja, brought hope and quality results to Nigeria green industrial drive. Chief Ngelale told newsmen that giving the status of India as one of the world most committed countries […]

July 11, 2024 12

Economics

LABOUR TO PRESS ON N250,000 MINIMUM WAGE DURING THE MEETING WITH THE PRESIDENT

The Nigeria Labour Congress says it will press for N250,000 minimum wage during the scheduled meeting with President Bola Tinubu at the State House, Abuja, on today. The Head of Public Affairs of the NLC, Benson Upah, who revealed this to journalists in Abuja, said even the cost of living has since moved up. Labour leaders were invited to a meeting with the President in furtherance of Tinubu’s promise to […]

July 11, 2024 8

Economics

PRESIDENT TINUBU TO MEET WITH ORGANISED LABOUR ON THURSDAY OVER MINIMUM WAGE

Reports say President Bola Tinubu will meet with the Organised Labour in Abuja on Thursday to further discussions on a new minimum wage for workers in Nigeria. A top labour source said the President invited the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) to the meeting expected to be held at the Aso Villa. The Thursday meeting is coming about a month after the President […]

July 10, 2024 24

Economics

PRESIDENT OF THE SENATE, SENATOR GODSWILL AKPABIO URGES ALL PARTIES TO ABIDE BY THE MINIMUM WAGE NEGOTIATION AGREEMENT.

President of the Senate, Senator Godswill Akpabio, says State governors no longer have any excuse to complain about payment of a new minimum wage if signed into law going by improvements in revenues that accrue to them monthly. Akpabio, therefore, stressed the need for all parties to the minimum wage negotiation to abide by the agreement. On her part, Minister of State for Labour and Employment, Nkeiruka Onyejeocha, said the […]

July 9, 2024 27

Economics

FEDERAL GOVERNMENT ANNOUNCES A 150-DAY DUTY-FREE IMPORT WINDOW FOR FOOD COMMODITIES.

The Federal Government has announced a 150-day duty-free import window for food commodities as it stepped up efforts to tackle rising food inflation which had impoverished many Nigerians. The government also expressed its decision to collaborate with states to expand land cultivation across the country. Consequently, the government suspended duties, tariffs and taxes for the importation of certain food commodities through land and sea borders. Among other things, the latest […]

July 9, 2024 37