Samuel Nwite
AUTHOR: Samuel Nwite
Nigerian Government Considers Paddy Rice Importation to Combat Food Inflation
In response to escalating food inflation, the Nigerian Federal Government is contemplating the approval of paddy rice importation for millers via an Executive Order.
This...
Tinubu Directs Finance Minister to Develop Template for New Minimum Wage Within 48hrs
President Bola Tinubu has directed the Minister of Finance, Wale Edun, to present a template for a new minimum wage. This directive was confirmed...
Nationwide Strike Triggers Complete Shutdown of Nigeria’s Power Grid
The Transmission Company of Nigeria (TCN) has announced a total shutdown of the nation’s power grid following the commencement of an indefinite strike by...
IATA Announces Repatriation of 98% of Int’l Airlines Funds Trapped in Nigeria
The International Air Transport Association (IATA) has provided an optimistic update regarding the issue of airline funds trapped in Nigeria, confirming that 98% of...
CBN Clarifies 50% Repatriation Rules for Export Proceeds of International Oil Companies (IOCs)
The Central Bank of Nigeria (CBN) issued a detailed clarification on the management of repatriated export proceeds, particularly addressing the handling of the 50...