The Abia state governor, Alex Otti, has announced plans to begin the gradual payment of 20-year gratuity to pensioners, setting aside N60 billion for the scheme.
Economy
Most viewed
Popular
-
Hope for Nigerians as rice price crashes ahead of Christmas
-
Hope for Nigeria’s youth: FG launches 12-month internship with N150,000 monthly pay
-
How to apply for FG’s YEIDEP programme and Get N500,000 funding
-
CBN sells dollars to Access, UBA, Zenith, other banks at new rate amid naira’s depreciation
-
Naira begins December strongly against USD as CBN issues new FX rates to Access, UBA, other dealers
Economy Latest News
Spain makes Booking.com scrap 4,000 tourist rental ads
Online hotel booking giant Booking.com on Friday said it had taken down thousands of advertisements in Spain in the leftist government's latest crackdown on illegal short-term tourist rentals. Spain has also ordered online tourist accommodation giant Airbnb to take down more than 65,000 adverts for violating licence rules and has been in a legal battle with the US-based company.
Nigeria Tops Global List of Countries With Highest Number of People Without Electricity
A 2025 World Bank report has revealed that Nigeria has the highest number of people without electricity, with 86.8 million individuals affected...
China confirms trade deal framework reached with United States
China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls. Under the deal, China "will review and approve applications for the export control items that meet the requirements in accordance with the law".
Nigeria’s per capita debt crosses N600k as FG seeks more World Bank loans
Nigeria's debt profile has surged to N144.6 trillion as of December 31, 2024, pushing debt per citizen to a historic high, as the Nigerian government seek more loans
Green bonds offer hope, and risk, in Africa's climate fight
It only took two days for Nigeria to raise $59 million through green bonds -- part of a funding drive for climate and environmental projects in a nation still hooked on oil. Green bonds are similar to sovereign bonds: Investors are paid interest on what is essentially a loan to the government, but in this case the money funds environmentally friendly projects.
Stocks climb, dollar holds on trade hopes and rate bets
Asian markets rose Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts. Traders are now fully expecting two rate cuts this year, while there was a pick-up in bets on a third, according to Bloomberg News.
US Treasury signals G7 deal excluding US firms from some taxes
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
Nike profits sink but company says it is turning a corner
Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.
Anna Wintour steps down as US Vogue editor after nearly 40 years
Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often hailed as the single most influential figure in the fashion world. Wintour has for many years also run the Met Gala, an extravagant Manhattan fundraiser that attracts an A-list of dressed-up stars from the worlds of fashion, film, politics and sports.
Economy
Load more