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2 January 2025

You hold the key to food security, prosperity, Tinubu tells governors

2025-01-02
By: Godwin Obi
On: January 2, 2025
In: MARITIME

Governors are critical to food security and prosperity, President Bola Ahmed Tinubu said yesterday. He reminded them that their leadership at the subnational level is central to achieving rapid national growth. He expressed gratitude for their collaboration while highlighting key areas requiring joint effort. The President spoke when Vice PresidentContinue Reading

Naira defies CBN’s forex reforms, tumbled 41% in 2024

2025-01-02
By: Godwin Obi
On: January 2, 2025
In: MARITIME

BY ADOLPHUS DURU The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of data from the Central Bank of Nigeria has shown. This was a 40.9 per cent depreciation over the year when compared to the official rate at theContinue Reading

New refineries: NNPCL may cut crude supply to Dangote plant

2025-01-02
By: Godwin Obi
On: January 2, 2025
In: MARITIME

BY JAMES AKINOLA The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, except if there is a surge in Nigeria’s oil output, Frontline Reporters gathered on Wednesday. This reduction is expected to take placeContinue Reading

Inflation: Labour Pushes For Minimum Wage Increase In 2025

2025-01-02
By: Godwin Obi
On: January 2, 2025
In: MARITIME

TUC President Festus Osifo BY GODWIN OBI The Organised Labour says it is pushing for an annual increase to the ₦70,000 minimum wage paid to workers in Nigeria. Labour said it is important that the minimum wage paid to workers reflect a rise in inflation every year. “What we areContinue Reading

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