Leaders and members of the  Lagos State chapter of the Nigeria Labour Congress, NLC, on Monday, shut the gate of the  Lagos State Secretariat, Alausa, Ikeja, cordoning off the entire premises from workers gaining access. The Eagle Online learnt that the action is in compliance with the directive of the National body of NLC …

CBN Governor, Yemi Cardoso Nigeria’s foreign exchange reserves rose by 1.35 per cent to $435.8m month-on-month to end the month of May at $32.69bn compared to $32.25bn which it was on April 30, 204. Analysis of the movement of reserves on the Central Bank of Nigeria’s database showed that reserves …

Executive members of IoD, South-South/ South East Zone, being inaugurated in Port Harcourt, Rivers State The Chartered Institute of Directors Nigeria (IoD) has decried the state of leadership in Nigeria, saying the country has not been able to exploit its potential despite uninterrupted democracy in the last 25 years. The …

About $813m funds belonging to foreign airlines that were trapped in Nigeria since June 2023 had been cleared but the Central Bank of Nigeria still has $19m outstanding balance to settle, the International Air Transport Association said. The Director-General of IATA, Willie Walsh, confirmed the status of trapped funds in …

The Transmission Company of Nigeria has confirmed that the Labour Union has shut down the national grid, resulting in black out nationwide. The TCN said that the national grid shut down occured at about 2.19am this morning, 3rd June 2024. The General Manager, Public Affairs, Ndidi Mbah, who confirmed the …

According to the News Agency of Nigeria, the National Publicity Secretary of the Labour Party, Obiora Ifoh, made the call in an interview on Monday in reaction to the ongoing nationwide strike. The Labour Party has called on the workers’ unions to return to the negotiating table with the government …

Strike: Passengers Stranded As Labour Officials Ground Flight Operations At Lagos Airport Flight operations have been grounded at the local terminal of the Murtala Mohammed International Airport, Lagos, due to the commencement of industrial action by organised labour. All access to the airport terminal has been barricaded by labour officials, …

The apex said the action was an exercise of its powers under Section 12 of the Banks and Other Financial Act (BOFIA) 2020 and was to promote a sound financial system in the country. The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc with immediate …

The students were driven out of the Unguwan Rimi Campus of the polytechnic on Monday morning by union officials who stormed the school. Kaduna State Polytechnic has been shut down by labour officials over the indefinite nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress …

A Court of Appeal sitting in Abuja has dismissed AIICO Insurance Plc’s appeal against a policy holder, Mr. Gboyega Bello, and awarded N500,000 in his favour as a cost of legal process. The court upheld the judgment of the High Court of the Federal Capital Territory, given by Justice M.E. Anenih in …