Labour Warns Federal Government Over Delayed MOU, Threatens Strike
The organised Labour has expressed dissatisfaction with the slow pace of implementation of the Memorandum of Understanding it signed with the Federal Government to avert its planned nationwide strike. The state…
Naira Speculators in Trouble as FG Moves to Digitise Fx Transactions.
The federal government will automate transactions in the entire foreign exchange market to tame wide arbitrage and punish naira speculators. Wale Edun, Minister of Finance and coordinating minister of the…
Naira Seen to Stabilise if Announced $10bn Flows Into Economy
Nigeria’s currency will stabilise in the short-term if the expected $10 billion flows through the economy, analysts said on Monday. Naira on Monday strengthened against the dollar, gaining 1.85 percent…
FG Approves $3.45bn World Bank Loan to Boost Power, Other Sectors.
The Federal Executive Council, yesterday, accepted a $3.45 billion loan proposal to fund five projects. Projects in the power industry, renewable energy, state resource mobilisation, teenage girls’ initiative for learning…
FG Attracts $2bn Investments in Renewable Energy Sector.
The Federal Government, on Sunday, announced that it attracted over $2bn in investments in the renewable energy sector over the past decade. It announced this through the Rural Electrification Agency,…
Several People Reported Missing After Ships Collide in North Sea
Several people are missing after two cargo ships collided off Germany's North Sea coast, according to German authorities. The British-flagged Verity reportedly collided with the Bahamian Polesie at around 5:00…
14 LASTMA Officers Face Disciplinary Actions Over Extortion in Lagos
About 14 officers of the Lagos State Traffic Management Agency, LASTMA are to face a disciplinary panel for various official infractions, especially extortion. VOP News gathered that the affected personnel…
Ondo Assembly Resumes Aiyedatiwa’s Impeachment Process, Demands CJ’s Panel
The Ondo State House of Assembly yesterday restarted the impeachment process against Deputy Governor Lucky Aiyedatiwa. The process was suspended following the intervention by All Progressives Congress, APC National Chairman…
