The Nigeria Labour Congress (NLC) said that stringent measures are in place to ensure that states and employers implement the national minimum wage and the consequential adjustment before the end of March. Mr Mohammed Ibrahim, President Senior Staff Association of Nigerian Universities (SSANU) said this at its one-day National Leadership Retreat organised for the union’s […]

A commercial aeroplane collided in midair with a Black Hawk helicopter as the jet was approaching a runway at Ronald Reagan Washington National Airport on Wednesday night, according to federal aviation officials. The accident happened as the jet, operated by regional carrier PSA Airlines on behalf of American Airlines, was attempting to land just before […]

The International Monetary Fund, IMF, and the World Trade Organisation, WTO, both have a remit to monitor and review the economic developments and policies of their members. The aim, for the IMF, is to ensure that countries manage their economies and finances well to prevent financial instabilities both nationally and internationally. For the WTO, the aim is […]

Parliamentarians and environmentalists from the Republic of Liberia have called for collaboration with Nigeria to combat the effects of climate change, which is affecting countries globally.

•Targets 1% freight stabilization fee By Providence Ayanfeoluwa The Nigerian Shippers’ Council, NSC, has said that the implementation of its International Cargo Tracking Note, ICTN, will commence by second quarter of 2025. This development is expected to tighten oversight on cargo movements and significantly increase transparency. As at October 2024, Nigeria had lost about $2.5 billion […]

By Elizabeth Adegbesan  A  Central Bank of Nigeria, CBN, survey report has shown that lenders experienced high loan default rate in the fourth quarter of  2024, Q4’24. The report titled: “Credit Condition Survey Report for Q4’24” released yesterday stated: “Lenders observed higher default rates for all lending types in the review quarter; Secured, Unsecured and Corporate.” […]

•As pension fund assets rise 4.4% By Rosemary Iwunze More Nigerians  are relying on their pension savings to acquire residential mortgage as the number of Retirement Savings Account, RSA, holders that transferred part of their pension savings into residential mortgage increased by 65.03 per cent quarter on quarter, QoQ, to 3,804 in the third quarter of […]

By Godwin Oritse THE Port and Terminal Multi-Purpose Services Limited, PTML, Command of the Nigeria Customs Service, NCS, has commenced the process to achieve a one hour cargo clearance time from its command after recording a two hour clearance time previously. Speaking at the International Customs Day celebration in Lagos, the Command’s Comptroller, Mr. Tenny Daniyan, […]

—-  Decries high cost of potent antimalarial drugs By Dayo Johnson, Akure A Renowned parasitologist, Prof. Olusegun Akanbi, has declared that herbal medicine remains one of the most promising solutions for malaria treatment, given the parasite’s growing resistance to conventional drugs. Prof. Akanbi, said this while delivering the 33rd Inaugural Lecture of Adekunle Ajasin University, […]

Nigeria’s First Lady Senator Oluremi Tinubu ended her three-day working visit to Kwara on Thursday with a tour of the Garment Factory, another signature project of Governor AbdulRahman AbdulRazaq and the biggest of its kind in the country.