Naira Extends Gains Against USD, Reaches 10-Month High
Nigeria’s currency, the Naira, continued its upward momentum last week, marking a significant milestone in its recovery against the U.S. dollar. During the week ending October 10, 2025, the naira appreciated by 0.72% at the official foreign exchange market, closing at ₦1,455.17 per dollar, according to data from the Central Bank of Nigeria (CBN). This […]
PENGASSAN Dissolves Branch Exco For Failing To Cut Off Gas Supply
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has dissolved one of its branch executive councils for failing to comply with a directive to cut off gas supply during an ongoing industrial action. According to union sources, the affected executives were accused of disobeying central orders aimed at strengthening workers’ demands. The […]
Nigerian Media Practitioner,Ehijie Ebhodaghe Bags Digital Innovation Award In UK
Nigerian media practitioner and digital strategist, Ehijie Ebhodaghe, has been honored with the Digital Innovation Award in the United Kingdom for his outstanding contributions to digital media and technology advancement. The award, presented at a prestigious event in London, recognized his innovative approach to digital storytelling, media transformation, and the promotion of African voices through […]
Dangote Offered To Pay Sacked Workers Five Years Salaries Without Work – Sources
Fresh reports have revealed that Africa’s richest man, Aliko Dangote, offered to pay some of his sacked workers five years’ worth of salaries without them doing any work. According to sources, the unusual gesture came as part of efforts to soften the impact of the mass layoffs in some of his companies. The move surprised […]
FMDQ Faces 67% Trading Volume Loss As CBN Shifts To Internal Platform
The FMDQ Securities Exchange has recorded a sharp 67% drop in trading volumes after the Central Bank of Nigeria (CBN) redirected most of its foreign exchange transactions to its own internal platform. This shift has significantly reduced activity on FMDQ, raising concerns among market operators about transparency and liquidity. Analysts argue that the move by […]
Dangote-backed New Trucking Company Writes NUPENG, Says Drivers Reject NUPENG
A newly established trucking company supported by Dangote has formally written to the National Union of Petroleum and Natural Gas Workers (NUPENG), stating that its drivers have rejected membership in the union. The letter emphasized that the drivers prefer to work independently without union affiliation. The company explained that the decision was driven by the […]
Gold hits record high as US Government shutdown begins
Gold prices have reached an all-time high as the United States government officially entered a shutdown after lawmakers failed to agree on a funding plan. Investors rushed to the precious metal, often seen as a safe haven during times of political and economic uncertainty. Analysts note that the shutdown has created fresh fears about the […]
PENGASSAN To Call Off Strike as Dangote Redeploys Sacked Workers
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has hinted at calling off its ongoing strike following a resolution with the Dangote Group. The strike, which disrupted oil and gas operations, was triggered by the sacking of some workers at the Dangote Refinery. According to reports, Dangote Industries has now agreed to […]
PENGASSAN And Dangote Reconciliation Meeting Ends In Deadlock
The reconciliation meeting between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Group has ended without agreement. The meeting, which was aimed at resolving the ongoing labour crisis at the $20 billion Dangote Refinery, ended in a deadlock after both sides failed to shift ground on key issues. PENGASSAN […]
Nigerian Businesswoman, Ihwo Bags Award Of Excellence In London
Nigerian businesswoman, Ihwo, has been honored with a prestigious Award of Excellence in London for her outstanding contributions to entrepreneurship and community development. The award ceremony attracted top industry leaders, influencers, and dignitaries who gathered to celebrate individuals making remarkable impacts globally. Ihwo was praised for her resilience, innovation, and dedication to empowering women and […]