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Economics at vanguardngr.com

Today News

12

New minimum wage announcement on May Day not feasible, says TUC president

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The Trade Union Congress of Nigeria (TUC) President, Mr Festus Osifo, has said that the much-awaited new minimum wage may not be announced on May 1.

11

Students loan: NELFUND warns students against fake websites

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The Nigerian Education Loan Fund (NELFUND) has urged students to exercise caution and verify the legitimacy of any website or service claiming to represent the organisation.

Chinese shock auto world, build floatable cars

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Leading this new technology exploits are the Jetour and BYD companies and other Chinese makers are gearing up to surpass the competition in no time

09

Discounted food: Digital bank partners Ogun on payment services

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The agency banking arm of Interswitch Financial Inclusion Services, IFIS, Quickteller Paypoint, has announced a strategic partnership with Ogun State government to facilitate digital payment collections for discounted food stuff to the…

08

Culture ministry eyes $100m contribution to GDP, 2m jobs by 2027

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The federal government said yesterday it has set a target of $100 million contribution from the creative industry to the nation's gross domestic product, GDP, by 2030.

05

Our intractable electricity conundrum, by Adekunle Adekoya

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AS a people, we ought to be ashamed of ourselves when it comes to electricity. Since 1972 when the Electricity Corporation of Nigeria, ECN, was merged with the Niger Dams Authority to create the National Electric Power Authority, NEPA,…

Jonathan, Akpabio, Ekuwem others felicitate gov Eno at 60th Birthday

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PROMINENT political, religious and traditional leaders including former President of Nigeria, Goodluck Jonathan, Senate president, Senator Godswill Akpabio, Archbishop Joseph Ekuwem, have felicitated with governor Umo Eno of Akwa Ibom…

Auto journalists organise summit to address slow development in auto sector

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Worried by the slow pace of development in the nation’s automobile industry, the Nigeria Auto Journalists Association, NAJA, is organising a one day summit to address the problem of the sector.

02

Access Pensions to guide customers on pension backed mortgages

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Access Pensions has emphasised its commitment to offering thorough guidance and assistance to customers interested in Pension Backed Mortgages (PBMs).

Naira depreciates to N1,405/$ in parallel market

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By Elizabeth Adegbesan The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,309.88 per dollar. Data…

MRS slashes diesel price to N1,050 per litre

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IN response to Dangote Refinery’s recent price slash, MRS Oil Plc, a major oil marketing company, yesterday, reduced the price of its diesel to N1,050 per litre, from N1,200 per litre, nationwide.

Dangote Cement records 26% rise in sales volume

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Strategies adopted by Dangote Cement to increase sales and ensure an adequate supply of products to customers are yielding the desired results as domestic sales volume increased, by 26.1 percent to 4.6 metric tons (Mt) in the first quarter…

Thursday, Apr 25

22

We’ve high-grade Lithium to power future of clean energy — Tinubu tells European leaders

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President Bola Tinubu on Thursday said Nigeria’s high-grade lithium deposits can power the clean energy future of Europe and the world.

21

STATE OF THE NATION: Corruption leading to Nigeria’s decay — Sanwo-Olu, Justice Terhemba, Akiolu

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LAGOS—GOVERNOR Babajide Sanwo-Olu of Lagos State, Chief Judge of the Federal High Court of Nigeria, Justice John Terhemba; and Chairman of the House of Representatives Committee on Anti-corruption, Prince Kayode Akiolu; yesterday,…

NEITI’s Petroleum Industry audit to review licensing, contract awards processes – Orji

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The Executive Secretary, Nigeria Extractive Industries Transparency Initiative, NEITI, Dr Orji Ogbonnaya Orji, Wednesday, disclosed its audit of the oil and gas industry for 2022 and 2023 would go beyond just the reconciliation of revenues…

APC Primary: Ondo 130 crown Obas, congratulate Aiyedatiwa

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A group of traditional rulers in Ondo State, under the umbrella of 130 Crown Obas, has described the victory of governor Lucky Aiyedatiwa, at the governorship primary election of the All Progressive Congress, as a divine agenda.

20

Fubara charges Navy to be hard, firm in fighting oil thieves

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The Rivers State Governor, Sir Siminalayi Fubara, has charged the Nigerian Navy to be firm in the fight against all forms of economic sabotage, particularly crude oil theft, in the nation's waterways.

New minimum wage won’t be ready in April — Labour

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THE Trade Union Congress TUC, of Nigeria, on Thursday frowned at the non completion of negotiations on a new minimum wage and urged the Federal Government to fastrack action on that.

Citizens groan as petrol sells for over N1000 per litre in Kaduna

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There was acute fuel scarcity in Kaduna metropolis on Thursday, as majority fuel stations were not dispensing fuel leaving those selling at the black market hiked the price to over N1000 a litre of petrol.

Alake woos investors with 2,220 strong mines security personnel

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THE Minister of Solid Minerals Development, Dr Dele Alake, Thursday, wooed investors with strong mines security personnel as cover to operations in the mining sector.

19

Ebonyi Govt denies illegal deduction from LG accounts

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Ebonyi State government has denied any form of illegal deductions from local government accounts, saying that the councils local have been freely running their accounts interrupted.

Despite irregularities, 2023 elections reflected will of Nigerians – US Report

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“National elections were widely reported to have reflected the will of voters, despite technical and logistical difficulties, and some irregularities.”

18

Land grabbing: Delta Assembly directs Attorney-General to prosecute perpetrators

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DELTA State House of Assembly has asked the State Attorney General and Commissioner for Justice to

17

Runway Mishap: ART kicks against Dana Air suspension, cautions Keyamo

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The Aviation Safety Roundtable Initiative (ART) has kicked against the suspension of Dana Airlines operations and cautioned the ministry against interference on the autonomy of the Nigeria Civil Aviation Authority (NCAA).

Ondo PDP primary: Committee Chair promises aspirants fair, credible election

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"We are in Ondo state for the conduct of the PDP gubernatorial primaries, where we have seven aspirants and you know electoral rules require that for a candidate to emerge in any party, primaries should be conducted."

16

AGF warns treasury managers against corruption, fraud

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Mrs Oluwatoyin Madein, the Accountant General of the Federation (AGF) has advised treasury managers to guard against corruption, fraud and financial mismanagement by implementing strong internal control mechanisms.

15

PDP primary: 627 delegates set to elect party’s flagbearear today

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The 7-man Primary Election Committee, headed by Bayelsa State Deputy Governor, Lawrence Ewhrudjakpo have arrived at the venue of the election.

Categories of jobs under UK skilled work visa with 48% wage increase [FULL LIST]

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“You’ll usually need to be paid the ‘standard’ salary rate of at least £38,700 per year, or the ‘going rate’ for your job, whichever is higher."

13

Alleged Fraud: Judge’s absence stalls Fayose’s trial

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Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged N6.9 billion fraud and money laundering.

11

Kwankwaso’s presidential ambition in NNPP mirage — Salihu Lukman

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“The ambition of Senator Kwankwaso is to become the President of the Federal Republic of Nigeria. Where he is today, I can confidently say that it will be like a mirage for him to be the President of the Federal Republic of Nigeria."