NBS: FG generated N984bn from company income tax in Q1 2024 — down by 12.87% from Q4 2023 The National Bureau of Statistics (NBS) says the federal government collected a total of N984 billion as company income tax (CIT) in the first quarter (Q1) of 2024. The (NBS) disclosed this[Read More…]
FirstBank wins 2024 Best SME Bank in Nigeria, Africa by ASIAN banker awards Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence[Read More…]
New Minimum Wage: Labour rejects FG’s offer, fresh strike looms amidst competing proposals The organised Labour may resume their suspended nationwide strike action, firmly rejecting the proposed ₦62,000 and ₦100,000 minimum wage proposed by experts describing both as “starvation wages” for Nigerian workers. Labour had insisted on its demand[Read More…]
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a[Read More…]
Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public[Read More…]
BREAKING: Minimum wage: NLC, TUC suspend strike for five days Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days, a leader of the NLC told our correspondent in Abuja. The centres are expected to issue a statement[Read More…]
BREAKING: FG invites Labour for emergency meeting Tuesday The Federal Government, through the National Salaries, Wages, and Income Commission, has extended an invitation to the leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress in view of halting the ongoing strike. Reporta from DailySun said, spokesperson[Read More…]
MWUN joins Nationwide strike The Maritime Workers Union Union of Nigeria (MWUN) under the leadership of Comrade (Prince) Dr. Adewale Adeyanju, fnli, HFCPSP, has obliged to comply with the directive of both the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to join in the indefinite[Read More…]
Tinubu to inaugurate NASENI CNG conversion centre Today, May 31 The National Agency for Science and Engineering Infrastructure (NASENI) says plans have been concluded for the inauguration of its compressed natural gas (CNG) conversion, filling, reverse engineering, and training centre, in Abuja. Speaking to journalists on Wednesday in Abuja, Khalil[Read More…]
NNPC, MPNU sign settlement agreement for ExxonMobil-Seplat deal The Nigerian National Petroleum Company (NNPC) Limited said it has signed a settlement agreement for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. According to a statement on Thursday by the national oil[Read More…]
