Strike: Total blackout looms as Nigerian electricity workers threaten strike
Nigeria’s electricity supply crisis could worsen from tomorrow (Wednesday) as the organised labour has instructed workers in the power sector to down tools and commence an indefinite strike over pending labour issues with the Transmission Company of Nigeria (TCN). The National Union of Electricity Employees (NUEE ) on Tuesday converged on the headquarters of the […]
Naira drops to N683/$ at parallel market as FX demand intensifies
The naira has dropped to N683 per dollar at the parallel section of the foreign exchange (FX) market, popularly called the black market. The figure represents a depreciation of N3 or 0.4 percent from the N680 it traded last week. Bureaux De Change operators who spoke to TheCable on Tuesday said there is still FX […]