CBN Increases Interest Rate to 26.25%, Prompting Protests from OPS
The Central Bank of Nigeria (CBN) has implemented a significant increase in its benchmark interest rate, the Monetary Policy Rate (MPR), from 24.75% to...
Labour Reduces Minimum Wage Demand to ₦497,000, Rejects FG’s New ₦57,000 Proposal
For the second consecutive day, the ongoing tripartite negotiations on the new national minimum wage between the Federal Government, organized labour, and the Organised...
CBN Mandates Existing BDCs to Reapply for New Licenses, Sets December Deadline Under New Guidelines
The Central Bank of Nigeria (CBN) has issued new guidelines for Bureau de Change (BDC) operators, mandating all existing BDCs to reapply for new...
UK Civil Aviation Authority Raises Safety Concerns Over Air Peace Amid Allegations of Bias
The United Kingdom Civil Aviation Authority (UK CAA) has raised concerns over alleged aviation safety violations by Nigerian carrier, Air Peace. This development comes...
FG to Launch Construction of 1,250 Housing Units in Four Northern States
The Federal Government is set to kick off the construction of 1,250 housing units across four northern states this week, marking the first phase...