Author: Marketforces Africa

The Federal Government says it has secured Foreign Direct Investment (FDI) to the tune N20 billion towards facilitating local production of assistive devices

Nigeria business community has confirmed its commitment to comply with the provisions of the disability laws, especially in providing five per cent employment

Dr Dele Alake, the Minister of Solid Minerals Development, says the Federal Government will deploy technology for the surveillance of mining sites across the

The Minister of Solid Minerals Development, Dr Dele Alake, says plans are ongoing by the Federal Government to establish six mineral centres in the six geo

The Minister of Information and National Orientation, Mohammed Idris, has said the sum of N494,000 national minimum wage being demanded by organized

Oando Plc, an energy solution provider, has posted a turnover of N3.4 trillion in its 2023 full year-end unaudited financials. The figure represents an increase of 71 per cent when compared to N1.9 trillion posted in 2022.

Nigerian Breweries Plc has officially completed the acquisition of a majority stake (80%) in Distell Wines and Spirits Nigeria Limited (Distell Nigeria), according to an official statement.

Market data from cryptocurrency exchanges shows that the price depreciation of Bitcoin on the final day of May reduced the value of the entire cryptocurrency market to $2.53 trillion, a decrease of 0.11% from the previous day.

Nigeria’s foreign exchange crisis has gotten so bad that even the monetary authority’s currency injections have not been able to reverse the value of the naira. It was a fight to survival in the foreign exchange market where sustained demand for imports forced the Nigerian naira to descend for a kiss with the dragon, which caused the local currency to bleed.

Minimum Wage: Labour Declares Nationwide Strike Begins June 3 The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have declared a nationwide strike beginning from Monday, June 3rd, 2024 over the tripartite committee’s inability to agree on a new minimum wage and hike in electricity tariff. The President of the TUC Festus Osifo, announced the strike at a joint news conference with the leadership of the NLC in Abuja on Friday. According to the labour leaders, the decision follows the expiration of an earlier request to the Federal Government to conclude all negotiations for a new minimum wage before…