The federal government has assured the Nigeria Labour Congress (NLC), and the Trade Union Congress (TUC) that it would resume the payment of wage award to workers this week. A statement by Mr Olajide Oshundun, the spokesperson to the Minister of State, Labour and Employment, Nkeiruka Onyejeocha, yesterday, said the Minister gave the assurance ...
•Femi Falana As a way to strengthen the naira against the dollar, human rights lawyer, Femi Falana, has urged the federal government of Nigeria to join economic bloc BRICS and sell the Nigerian crude to foreigners in naira and not in the United States’ currency. He also said the federal government should reduce its reliance […]
•Speaker Obasa The Lagos State House of Assembly has decried the continued downward slide in the value of the naira against the dollar. As at today, a dollar hovered between N1,474 and N1,500 and the lawmakers, at plenary, advised the federal government and the Central Bank of Nigeria (CBN) on some bold steps to take […]
The Central Bank of Nigeria (CBN), has again, raised the currency rate that is applied when determining customs charges at the nation’s seaports. Data from the Nigeria Customs Service’s official trade portal indicates that yesterday, Monday, February 12, the exchange rate was raised from N1,417.635 per Dollar to N1,444.56 per Dollar, reports D...
A protest has rocked Damaturu, the Yobe State capital, by the Association of Tricycle Drivers (NAPEP) over what they called extortion by the Yobe State Road Transport Agency (YOROTA). According to them, the agency is extorting payment of daily fees from their members, ordering fresh registration by every rider, reports Channels TV. The protest...
The naira depreciated to N1,534 per US dollar in the official foreign exchange market yesterday, February 12, 2024 from N1, 469.97/US$ on Friday and N1,479.47/US$ on Thursday last week. Data from FMDQ showed that the indicative exchange rate for the Nigerian Foreign Exchange Market (NAFEM) fell below that of the unofficial market, reports Nige...
•Ms. Bolaji Agbede Access Holdings Plc has officially named Ms. Bolaji Agbede as the Acting Group Chief Executive Officer, following the tragic passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe. The announcement comes in the wake of Wigwe’s untimely demise in a helicopter crash, alongside his wife, son, and former Nigeria ...
The Nigeria Civil Aviation Authority, NCAA, today, set up a committee to look into the high cost of airfares. Acting Director General of NCAA, Captain Chris Najomo, said in a video press release posted on the Authority’s official X, formerly Twitter, handle. Najomo said the committee is tasked with reducing cost. He said: “It has […]...
Hotel managers have said that double taxation and arbitrary implementation of it has made the operation of the business difficult in Nigeria. Speaking to newsmen at the weekend, the Deputy Director, Commercial and Special Duties of BON International West Africa, Mrs Sandra Ogbahon said that double taxation has crippled hotel business in Nigeri...
•NLC President, Tinubu & TUC President The President of the Nigeria Labour Congress, Joe Ajaero, has stated that if the ongoing inflation continues unabated, organised labour might push for a new minimum wage of up to N1 Million for Nigerian workers. Ajaero said the demand from organised labour would be influenced by the cost of […]...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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