The strike action by the organized labour slated for June 7 may not hold after-all.This is because the National Industrial Court (NIC) has restrained it from embarking on strike over the removal of fuel subsidy. The Federal Government obtained the order forbidding the unions from embarking on any form of …
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President Joe Biden on Saturday signed a bill that suspends the U.S. government’s $31.4 trillion debt ceiling, averting what would have been a first-ever default. The House of Representatives and the Senate passed the legislation this week after Biden and House of Representatives Speaker Kevin McCarthy reached an agreement following tense negotiations …
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The Nigeria Labour Congess (NLC) has declared a nationwide strike from next Wednesday. This comes amid fuel shortages across the country occasioned by President Bola Tinubu’s inaugural speech in which he declared that “fuel subsidy is gone”. NLC President Joe Ajaero made the announcement after an emergency meeting of the …
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The Federal Ministry of Industry Trade and Investment and the World Trade Organisation (WTO) have been commended for creating a platform for the public and private sector stakeholders to deepen their knowledge and understanding of the WTO and Agricultural subsidy Agreement. This formed part of the communique issued at the …
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The Secretary, National Action Committee on African Continental Free Trade Area (AfCFTA),Olusegun Awolowo on Friday paid farewell visits to His Excellency, Professor Yemi Osinbajo and Hon. Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo. It will be recalled that Olusegun Awolowo served two terms as Executive Director/ Chief …
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The Director-General, National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, says challenges faced in the auto industry can be curbed with stakeholders’ collaboration. Aliyu, in a statement on Thursday, said this at the Third Annual Edition of the West Africa Automotive Show (WAAS) in Lagos. The director-general was …
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G7 leaders meeting in Japan will discuss sanctioning Russia’s billion-dollar diamond trade, an EU official said Thursday, hoping to further starve Moscow of funds for its war in Ukraine. “We believe we need to limit exports from Russian trade in this sector,” the official said, adding that the G7 was …
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Frustration toward US weaponization of greenback behind local currency settlement deals Efforts by countries to replace the US dollar in international trade will reach a new high when BRICS nations discuss the feasibility of introducing a common currency at a summit in South Africa later this year, Chinese experts said …
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The Federal government has approved for implementation the first ever Nigeria investment policy (NInP), while adopting a new National Automotive Industry Development Plan (NADIP) that would span through 2023-2033. Government acknowledged that Nigeria Investment Policy would give investors more comfort and attract more investment into the economy. Both the national …
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President Muhammadu Buhari has sent a letter to the Senate seeking approval to take a loan to the tune of $800 million from the World Bank to cushion the effects of subsidy removal. This follows the Federal Government’s April announcement of an $800 million World Bank grant targeting 50 million …
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