Business Archives - Nairametrics https://nairametrics.com/category/nigeria-business-news/business-news/ Destination for Business news and analysis from Africa's largest economy Fri, 14 Jun 2024 09:59:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Business Archives - Nairametrics https://nairametrics.com/category/nigeria-business-news/business-news/ 32 32 201037849 Minimum Wage: N250,000 demand not cast in stone – TUC President https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/ https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/#comments Fri, 14 Jun 2024 09:59:31 +0000 https://nairametrics.com/?p=491250 The President of the Trade Union Congress (TUC), Festus Osifo, has said that the N250,000 minimum wage proposal by the organized labour is both negotiable and not necessarily cast in stone.

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]]> https://nairametrics.com/2024/06/14/minimum-wage-n250000-demand-not-cast-in-stone-tuc-president/feed/ 1 491250 LASG to implement a star rating system for auto repair workshops across Lagos https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/ https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/#respond Thu, 13 Jun 2024 13:47:51 +0000 https://nairametrics.com/?p=491187 The Lagos State Government is set to introduce a star rating system for purpose-built auto repair workshops within the state to enhance service quality and promote environmental sustainability

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]]> https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/feed/ 0 491187 New minimum wage bill to be sent to National Assembly soon – Tinubu https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/ https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/#respond Wed, 12 Jun 2024 13:18:29 +0000 https://nairametrics.com/?p=491139 President Bola Tinubu has said that a new minimum wage bill will be sent to the National Assembly for approval as the law for the next five year in Nigeria very soon.

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]]> https://nairametrics.com/2024/06/12/new-minimum-wage-bill-to-be-sent-to-national-assembly-soon-tinubu/feed/ 0 491139  Nigeria’s advertising industry to hit N893 billion by 2028 – Report  https://nairametrics.com/2024/06/12/nigerias-advertising-industry-to-hit-n893-billion-by-2028-report/ https://nairametrics.com/2024/06/12/nigerias-advertising-industry-to-hit-n893-billion-by-2028-report/#respond Wed, 12 Jun 2024 06:28:07 +0000 https://nairametrics.com/?p=491115 The Nigerian advertising industry is set to reach an estimated N893 billion by 2028, according to a new report by PricewaterhouseCoopers (PwC).  

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]]> https://nairametrics.com/2024/06/12/nigerias-advertising-industry-to-hit-n893-billion-by-2028-report/feed/ 0 491115 Yobe state government to give each civil servant N10,000 as “Eid-el-Kabir bonus”   https://nairametrics.com/2024/06/12/yobe-state-government-to-give-each-civil-servant-n10000-as-eid-el-kabir-bonus/ https://nairametrics.com/2024/06/12/yobe-state-government-to-give-each-civil-servant-n10000-as-eid-el-kabir-bonus/#respond Wed, 12 Jun 2024 05:25:35 +0000 https://nairametrics.com/?p=491112 Governor Mai Mala Buni has approved the disbursement of N695.9 million as Eid-el-Kabir bonuses. 

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]]> https://nairametrics.com/2024/06/12/yobe-state-government-to-give-each-civil-servant-n10000-as-eid-el-kabir-bonus/feed/ 0 491112 LASG seeks FG’s approval to inspect out-of-state freight vehicles on federal highways https://nairametrics.com/2024/06/11/lasg-seeks-fgs-approval-to-inspect-out-of-state-freight-vehicles-on-federal-highways/ https://nairametrics.com/2024/06/11/lasg-seeks-fgs-approval-to-inspect-out-of-state-freight-vehicles-on-federal-highways/#comments Tue, 11 Jun 2024 18:48:46 +0000 https://nairametrics.com/?p=491096 The Lagos State Government has announced that it is intensifying efforts with the federal government, via the Federal Road Safety Corps (FRSC), to permit state authorities to inspect freight vehicles entering the state on federal highways.

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]]> https://nairametrics.com/2024/06/11/lasg-seeks-fgs-approval-to-inspect-out-of-state-freight-vehicles-on-federal-highways/feed/ 2 491096 LASG unveils two-year plan to install CCTV cameras at transport hubs, bus stops  https://nairametrics.com/2024/06/11/lasg-unveils-two-year-plan-to-install-cctv-cameras-at-transport-hubs-bus-stops/ https://nairametrics.com/2024/06/11/lasg-unveils-two-year-plan-to-install-cctv-cameras-at-transport-hubs-bus-stops/#respond Tue, 11 Jun 2024 12:56:06 +0000 https://nairametrics.com/?p=491075 The Lagos State Government has unveiled plans to install closed-circuit television (CCTV) cameras at key transportation points, including interchanges, bus stops, freight yards, and taxi parks, over the next two years. 

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]]> https://nairametrics.com/2024/06/11/lasg-unveils-two-year-plan-to-install-cctv-cameras-at-transport-hubs-bus-stops/feed/ 0 491075 SMEDAN, Sterling bank launch N5 billion single interest loan for small businesses https://nairametrics.com/2024/06/11/smedan-sterling-bank-launch-n5-billion-single-interest-loan-for-small-businesses/ https://nairametrics.com/2024/06/11/smedan-sterling-bank-launch-n5-billion-single-interest-loan-for-small-businesses/#respond Tue, 11 Jun 2024 06:36:09 +0000 https://nairametrics.com/?p=491037 The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), in partnership with Sterling Bank Ltd., launched a N5 billion initiative called Databanc on Monday to bridge financial gaps for small businesses.

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]]> https://nairametrics.com/2024/06/11/smedan-sterling-bank-launch-n5-billion-single-interest-loan-for-small-businesses/feed/ 0 491037 NLC rejects FG’s N62,000 minimum wage proposal, demands N250,000 https://nairametrics.com/2024/06/10/nlc-rejects-fgs-n62000-minimum-wage-proposal-demands-n250000/ https://nairametrics.com/2024/06/10/nlc-rejects-fgs-n62000-minimum-wage-proposal-demands-n250000/#respond Mon, 10 Jun 2024 13:23:26 +0000 https://nairametrics.com/?p=490994 The Nigeria Labour Congress (NLC) has firmly rejected the federal government’s ₦62,000 minimum wage proposal, insisting on a minimum of ₦250,000.

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]]> https://nairametrics.com/2024/06/10/nlc-rejects-fgs-n62000-minimum-wage-proposal-demands-n250000/feed/ 0 490994 LASG to launch vehicle scrapping scheme for upgrading old danfo buses to new models   https://nairametrics.com/2024/06/10/lasg-to-launch-vehicle-scrapping-scheme-for-upgrading-old-danfo-buses-to-new-models/ https://nairametrics.com/2024/06/10/lasg-to-launch-vehicle-scrapping-scheme-for-upgrading-old-danfo-buses-to-new-models/#respond Mon, 10 Jun 2024 07:59:50 +0000 https://nairametrics.com/?p=490955 The Lagos State Government is planning to implement a vehicle scrapping scheme that provides existing operators of danfo minibuses used for public transport with incentives to acquire new vehicles in exchange for scrapping their old, dilapidated ones.  

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]]> https://nairametrics.com/2024/06/10/lasg-to-launch-vehicle-scrapping-scheme-for-upgrading-old-danfo-buses-to-new-models/feed/ 0 490955 Ondo governor accuses EFCC operatives of disrupting legitimate businesses in Akure  https://nairametrics.com/2024/06/10/ondo-governor-accuses-efcc-operatives-of-disrupting-legitimate-businesses-in-akure/ https://nairametrics.com/2024/06/10/ondo-governor-accuses-efcc-operatives-of-disrupting-legitimate-businesses-in-akure/#respond Mon, 10 Jun 2024 06:10:45 +0000 https://nairametrics.com/?p=490950 Ondo state governor, Lucky Aiyedatiwa, accused operatives of the Economic and Financial Crimes Commission (EFCC) of disrupting "legitimate business activities" in Akure, Ondo state capital. 

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]]> https://nairametrics.com/2024/06/10/ondo-governor-accuses-efcc-operatives-of-disrupting-legitimate-businesses-in-akure/feed/ 0 490950 UNHCR gets $181 million fund for displaced persons in Nigeria, other African countries   https://nairametrics.com/2024/06/09/unhcr-gets-181-million-fund-for-displaced-persons-in-nigeria-other-african-countries/ https://nairametrics.com/2024/06/09/unhcr-gets-181-million-fund-for-displaced-persons-in-nigeria-other-african-countries/#respond Sun, 09 Jun 2024 16:18:48 +0000 https://nairametrics.com/?p=490944 The United Nations Refugee Agency (UNHCR) has disclosed it received $181,646,993 from contributors as of May 31, 2024, for its operations in Nigeria and other countries in West and Central Africa. 

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]]> https://nairametrics.com/2024/06/09/unhcr-gets-181-million-fund-for-displaced-persons-in-nigeria-other-african-countries/feed/ 0 490944 Weaker Naira boosts export of Nigerian made goods – Customs Comptroller  https://nairametrics.com/2024/06/09/weaker-naira-boosts-export-of-nigerian-made-goods-customs-comptroller/ https://nairametrics.com/2024/06/09/weaker-naira-boosts-export-of-nigerian-made-goods-customs-comptroller/#respond Sun, 09 Jun 2024 14:18:56 +0000 https://nairametrics.com/?p=490940 The devaluation of the Naira has had a positive impact on the exportation of Nigeria’s local products to neighboring countries in West Africa. 

The post Weaker Naira boosts export of Nigerian made goods – Customs Comptroller  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/09/weaker-naira-boosts-export-of-nigerian-made-goods-customs-comptroller/feed/ 0 490940 UK’s salary threshold requirement for visas faces legal scrutiny, accused of separating families, others  https://nairametrics.com/2024/06/09/uks-salary-threshold-requirement-for-visas-faces-legal-scrutiny-accused-of-separating-families-others/ https://nairametrics.com/2024/06/09/uks-salary-threshold-requirement-for-visas-faces-legal-scrutiny-accused-of-separating-families-others/#respond Sun, 09 Jun 2024 10:57:25 +0000 https://nairametrics.com/?p=490906 UK’s increased salary threshold which is aimed at reducing net migration, is under legal scrutiny in the high court for potentially causing family separations and discriminating against women and minorities.  

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]]> https://nairametrics.com/2024/06/09/uks-salary-threshold-requirement-for-visas-faces-legal-scrutiny-accused-of-separating-families-others/feed/ 0 490906 Nigeria, Benin Republic agree on single-entry declaration form for border crossing https://nairametrics.com/2024/06/08/nigeria-benin-republic-agree-on-single-entry-declaration-form-for-border-crossing/ https://nairametrics.com/2024/06/08/nigeria-benin-republic-agree-on-single-entry-declaration-form-for-border-crossing/#respond Sat, 08 Jun 2024 15:18:47 +0000 https://nairametrics.com/?p=490889 The Nigeria Customs Service (NCS) has announced that Nigeria and Benin Republic have reached an agreement to implement a single-entry declaration form for border crossings between the two countries.

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]]> https://nairametrics.com/2024/06/08/nigeria-benin-republic-agree-on-single-entry-declaration-form-for-border-crossing/feed/ 0 490889 FG adds just N2000 to previous proposed N60,000 minimum wage as organized labour demand N250,000 https://nairametrics.com/2024/06/08/fg-adds-just-n2000-to-previous-proposed-n60000-minimum-wage-as-organized-labour-demand-n250000/ https://nairametrics.com/2024/06/08/fg-adds-just-n2000-to-previous-proposed-n60000-minimum-wage-as-organized-labour-demand-n250000/#respond Sat, 08 Jun 2024 08:40:40 +0000 https://nairametrics.com/?p=490855 The federal government has raised its proposed national minimum wage to N62,000 from previously rejected N60,000, following extensive deliberations with the organized private sector.

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]]> https://nairametrics.com/2024/06/08/fg-adds-just-n2000-to-previous-proposed-n60000-minimum-wage-as-organized-labour-demand-n250000/feed/ 0 490855 Nigeria Governors’ Forum declares N60,000 minimum wage unsustainable and unfeasible  https://nairametrics.com/2024/06/07/nigeria-governors-forum-declares-n60000-minimum-wage-unsustainable-and-unfeasible/ https://nairametrics.com/2024/06/07/nigeria-governors-forum-declares-n60000-minimum-wage-unsustainable-and-unfeasible/#respond Fri, 07 Jun 2024 20:43:42 +0000 https://nairametrics.com/?p=490850 The Nigeria Governors’ Forum (NGF) has stated that while a new minimum wage is necessary, a minimum wage of N60,000 is unsustainable and unfeasible.  

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]]> https://nairametrics.com/2024/06/07/nigeria-governors-forum-declares-n60000-minimum-wage-unsustainable-and-unfeasible/feed/ 0 490850 Nigeria’s domestic cargo sector took N7 billion hit during 2-day strike – Association  https://nairametrics.com/2024/06/07/nigerias-domestic-cargo-sector-took-n7-billion-hit-during-2-day-strike-association/ https://nairametrics.com/2024/06/07/nigerias-domestic-cargo-sector-took-n7-billion-hit-during-2-day-strike-association/#respond Fri, 07 Jun 2024 14:16:42 +0000 https://nairametrics.com/?p=490837 Domestic cargo agents in Nigeria estimate that the country lost about N7 billion during the two-day nationwide strike by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).  

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]]> https://nairametrics.com/2024/06/07/nigerias-domestic-cargo-sector-took-n7-billion-hit-during-2-day-strike-association/feed/ 0 490837 Multichoice incurs $190.5 million forex loss from Nigerian operation in 2024  https://nairametrics.com/2024/06/07/multichoice-incurs-190-5-million-forex-loss-from-nigerian-operation-in-2024/ https://nairametrics.com/2024/06/07/multichoice-incurs-190-5-million-forex-loss-from-nigerian-operation-in-2024/#respond Fri, 07 Jun 2024 13:59:30 +0000 https://nairametrics.com/?p=490836 Pan-African Pay-tv operator, Multichoice, has notified its shareholders of grim full-year results citing tough macroeconomic conditions and a $190.5 million (R3.6 billion) foreign exchange loss from Multichoice Nigeria.  

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]]> https://nairametrics.com/2024/06/07/multichoice-incurs-190-5-million-forex-loss-from-nigerian-operation-in-2024/feed/ 0 490836 Food security: FG providing N200 billion to support the cultivation of hectares of land – George Akume   https://nairametrics.com/2024/06/07/food-security-fg-providing-n200-billion-to-support-the-cultivation-of-hectares-of-land-george-akume/ https://nairametrics.com/2024/06/07/food-security-fg-providing-n200-billion-to-support-the-cultivation-of-hectares-of-land-george-akume/#respond Fri, 07 Jun 2024 06:46:49 +0000 https://nairametrics.com/?p=490796 The Secretary to the Government of the Federation (SGF), Sen. George Akume, has announced that the federal government is allocating N200 billion to support the cultivation of hectares of land in order to enhance food security in the country. 

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]]> https://nairametrics.com/2024/06/07/food-security-fg-providing-n200-billion-to-support-the-cultivation-of-hectares-of-land-george-akume/feed/ 0 490796