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Investors stake N1.66bn on 58 million shares

Despite the ongoing nationwide strike by the Nigerian Labour Congress, the Trade Union Congress and other civil societies groups, activities on the Nigerian Stock Exchange went on uninterrupted on Tuesday. The market was again on an upbeat trend, just like the preceding day, as market indices closed with a gain […]

Senate to GEJ – Return to N65 till April 2012

As the anti-fuel subsidy removal protests intensified in major cities across the country Tuesday, the Senate has asked its leadership to meet President Goodluck Jonathan to demand the immediate suspension of the full deregulation of the downstream sector of the oil industry and the associated removal of petrol subsidy.  The […]

Nigeria says striking state workers will get no pay

Nigeria’s government said on Tuesday it would enforce a “no work, no pay” policy against public sector workers involved in a fuel price strike that has been ruled unlawful by the courts, ratcheting up tensions with unions. Labour unions in Africa’s top oil producer started an “indefinite” wave of strikes […]