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Fed Govt, NLC set up committee on minimum wage, others

Thu, 26 May 2016 04:42:41 +0100
The Federal Government and the Nigeria Labour Congress (NLC) have set up a 16-man committee to work out palliative measures and fashion out a new minimum wage that will cushion the effects of the increase in the pump price of petrol. The NLC had announced the suspension of its strike…

Senate summons Finance Minister, CBN Governor over state of economy as Naira depreciates further against dollar

Thu, 26 May 2016 04:42:39 +0100
The Senate on Wednesday expressed serious concern over the poor state of the nation's economy. The lawmakers consequently summoned the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to brief it on the monetary/fiscal policies being adopted to salvage…

Nigeria's economy in volatile situation Buhari

Thu, 26 May 2016 04:42:38 +0100
President Muhammadu Buhari on Wednesday said the sharp drop in the price of oil globally had put Nigeria in a volatile situation. He said the country made what he called a terrible mistake by relying solely on oil. According to a statement by his Special Adviser on Media and Publicity,…

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