Nigeria’s economy has been laced with confusion and anxiety over the World Bank’s $800 million loan to the country as a palliative to cushion the effect of the proposed fuel subsidy removal by June.Muhammadu Buhari’s government has repeatedly disclosed its intention to halt fuel subsidies before the inauguration of the incoming administration on May 29, 2023.As the clock ticks down, debates on the implications of subsidy removal have intensified.Labor, trade unions,...

No fewer than 1,500 employees of the Obafemi Awolowo University Teaching Hospital Complex (OAUTHC) launched a protest on Thursday following their abrupt dismissal by the hospital management.The workforce received notice on Wednesday instructing them to refrain from reporting to work, leaving them aggrieved, especially as they claimed to have toiled for months without receiving their salaries.Originally employed by the teaching hospital's management in 2022, the Fede...

Approximately 1,500 staff members of the Central Bank of Nigeria are scheduled to resume work at its Lagos office this Friday, following their redeployment from the headquarters. Despite facing criticism, this relocation plan is reportedly still in motion, and affected employees are expected to commence their duties on February 2, marking the first week of the upcoming month.A source within the apex bank shared exclusive insights with The PUNCH, affirming the contin...