The ITF is also in discussions with the Nigerian Employers Consultative Association (NECA) to connect the participants with gainful employment in industries.
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Traders quote dollar at new rate as naira appreciates, exchange rate gap narrows further
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Lagos state government seals Purple Mall, launches investigation into death of young man
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US trade deficit widens in May as Trump tariffs fuel uncertainty
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DMO releases list of Nigeria's creditors as debt hits N149 trillion
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DMO confirms amount FG spent on domestic dollar-debt servicing in one month
Economy Latest News
New York state to build nuclear power plant
New York Governor Kathy Hochul announced plans Monday to build a nuclear power facility, enlisting a state agency for the first major new US nuclear construction since 2009. Hochul tapped the New York Power Authority to develop a nuclear plant with combined capacity of at least one gigiwatt of electricity, according to a New York state press release.
US existing home sales little-changed on sluggish market
Sales of existing homes in the United States were tepid in May, according to industry data released Monday, as high mortgage rates weighed on the market. From a year ago, existing home sales were down 0.7 percent.
Access, Zenith, and First Bank lead as nine banks report N4.2 trillion from interest income
Depositors of these nine banks have earned massively in the first quarter of 2025, pocketing almost N2 trillion as interests on their deposits, up from Q1, 2024.
Rice dealers hike prices as FG’s import duty waiver ends, cheapest, most expensive brands emerge
Importers and dealers have announced a hike in the price of rice following the end of the 150-day import duty-free window set by the Nigerian government.
PenCom increases monthly payouts, benefiting over 200,000 pensioners, gives date to commence
PenCom says the plan is to provide financial security for pensioners in their retirement years. PenCom has mentioned the date the new payout takes effect.
Asian countries most vulnerable to Strait of Hormuz blockade
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over US strikes on its nuclear sites.
Star-packed, Covid-shaped 'Death Stranding 2' drops this week
Japanese video game legend Hideo Kojima releases "Death Stranding 2: On the Beach" this week, a star-studded PlayStation sequel inspired by the Covid pandemic. Kojima Productions, the eponymous studio the developer founded in 2015 after leaving Japanese giant Konami, said in March this year that the first "Death Stranding" had more than 20 million players.
Nigeria applies for $65 million World Bank loan to boost procurement
The Nigerian government is seeking a $65 million procurement loan from the World Bank, which will increase the country's debt to the global lender above $17 billion.
PenCom issues final warning to employers, announces date to blacklist defaulters
By the latest directive, any employer that fails to remit pension obligations for its employees will be blacklisted by the commission and face stiff penalties.
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