Edun submits minimum wage analysis to Tinubu

Edun submits minimum wage analysis to Tinubu

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted a comprehensive assessment detailing the anticipated financial ramifications of adopting a new national minimum wage to President Bola Ahmed Tinubu. The minister submitted the document on Thursday, June 6, two days after Tinubu issued the directive to present a proposed new minimum…

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DBN, GIZ partner on equipment leasing to boost MSMEs

DBN, GIZ partner on equipment leasing to boost MSMEs

Barbara Bako, Abuja. The Development Bank of Nigeria (DBN) in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has launched an innovative MSME Equipment Leasing Initiative aimed at strengthening financing options for Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This collaborative effort marks a crucial step towards fostering economic growth and resilience within the…

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CBN revokes Heritage Bank’s licence

CBN revokes Heritage Bank’s licence

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, with immediate effect. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday….

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FG temporarily suspends 0 helicopter landing fee

FG temporarily suspends $300 helicopter landing fee

The Federal Government has temporarily suspended the contentious $300 helicopter landing fee imposed on helicopter operators. This newspaper reports that helicopter operators have protested against the levy outsourced to a consultant, Messers NAEBI Dynamic Concept Limited. Minister of Aviation and Aerospace Development, Mr Festus Keyamo, had earlier defended the levy inherited from his predecessor, Senator…

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