Monday, June 22, 2026
FG to waive tariff, import duties on essential commodities as inflation bites
Business a.m. Wale Edun, the minister of finance and coordinating minister of Nigeria's economy, has disclosed that the federal government...
Read moreDetailsNigeria posts $1.43bn current account balance surplus in 2024– IMF
Business a.m. Nigeria's current account balance has seen a notable increase, as reported by the International Monetary Fund's "World Economic...
Read moreDetailsGlobal unemployment to dip slightly in 2024, but inequality issues persist, warns ILO report
Business a.m. Global unemployment has been projected to dip slightly in 2024, according to the International Labour Organization’s (ILO) latest...
Read moreDetailsAfrica Energy Bank opens new chapter for financing Africa’s energy projects
Business a.m. The African Petroleum Producers Organization (APPO) and the African Export-Import Bank (Afreximbank) have sealed an agreement to establish...
Read moreDetailsOrganised Labour suspends strike, gives FG 5 days to resolve minimum wage issue
Business a.m. The Organised Labour, comprising the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC), have agreed to suspend...
Read moreDetailsMinimum wage:NLC, TUC tug Nigeria’s economic crisis edge with nationwide strike
ONOME AMUGE IN LAGOS, NIGERIA With a resolute commitment to achieving the goal of a substantial minimum wage for Nigeria’s...
Read moreDetailsRates expectations shape global currencies but to stay higher in 2024
PHILLIP ISAKPA IN LONDON, UK Divergence in rate expectations across major economies of the world is shaping the behaviour and...
Read moreDetailsCBN revokes Heritage Bank’s operating licence over financial stability concerns
Business a.m. The Central Bank of Nigeria (CBN) has announced the immediate revocation of Heritage Bank Plc’s banking license. The...
Read moreDetailsDana Air mulls return, new fleet, talks up fresh investment
As CEO meets aviation minister L-R: Jacky Hathiramani, chief executive officer, Dana Air; Festus Keyamo, minister of aviation and aerospace...
Read moreDetailsNigeria secures $500m World Bank loan to fund DisCos
Business a.m. The federal government has secured a $500 million loan from the World Bank to finance the country’s electricity...
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