The federation account allocation committee (FAAC) says the three tiers of government shared N1.14 trillion for May. The figure represents a decrease of N60 billion compared to the N1.20 trillion shared in April. FAAC made […]
President Bola Tinubu has approved the appointment of Hashimu Argungu, retired Deputy Inspector General of Police (DIG) as the Chairman of the Police Service Commission (PSC). With his appointment, Solomon Arase, retired Inspector General of […]
Organised Labour has insisted on its N250,000 new minimum wage proposal, stating it would not negotiate what it described as ‘starvation wage.’ The Assistant General Secretary of the Nigeria Labour Congress, Chris Onyeka, said labour […]
The 2023 Labour Party’s presidential candidate, Peter Obi, has boasted that his ‘Obidient’ movement is far more than any political party in the country. The former governor of Anambra State said this in a statement […]
Sean ‘Diddy’ Combs has sold a majority stake in Revolt, the media company and television network he founded in 2013, according to the company. According to CNN, a spokesperson for Revolt said that shares held […]
Amidst the truce from the labour strike, social media emerges as a powerful player in the discourse on a new national minimum wage. With a plethora of information across various platforms, the advice is clear: […]
The Peoples Democratic Party (PDP) presidential candidate in 2023, Atiku Abubakar, has told federal lawmakers that posterity will not be kind to them if they keep looking away from what he alleged “daylight robbery” surrounding […]
The Super Eagles dropped from third to fourth in Group C of the 2026 World Cup qualifiers without kicking a ball after Benin Republic’s 1-0 win over Rwanda in their third game of the group […]
The Presidency on Thursday denied reports that the Federal Government was proposing N105,000 as the new minimum wage. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the report as false. […]
Saudi Arabia has announced the sighting of the Dhul Hijjah crescent which signaled the beginning of the 12th Islamic month. The announcement was made on Thursday. Consequently, tomorrow will mark the beginning of the holy […]
In a surprising turn of events, the federal government has finally admitted Africa’s biggest oil-producing country will be spending up to N5.4 trillion on oil subsidies in 2024. This comes after months of repeated denials […]
The Nigeria Police Force, on Thursday, denied allegations that it was out for witch-hunt against journalists, in a bid to suppress press freedom, through the application of the amended Cybercrime Act 2024. The Force said […]
On May 29, 2023, President Bola Tinubu made several promises during his inauguration speech to rekindle hope in Nigerians searching for light at the end of the tunnel. Tinubu promised a decline in unemployment and […]
Agora Policy, an Abuja-based think tank, says a major contributor to the federation account allocation committee (FAAC) is the foreign exchange (FX) gains. In a report on Thursday, titled, ‘How Exchange Gain Became a Major […]
George Akume, secretary to the government of the federation (SGF), says the labour committed treason by shutting down the national grid during the nationwide strike. Akume spoke in Abuja on Thursday during a meeting with […]
The Managing Director of Financial Derivatives Company, FDC, Mr. Bismarck Rewane, has urged the Nigerian Labour Congress, NLC, to reconsider its stance on benchmarking the minimum wage demand on dollar exchange rate, saying that it […]
ABUJA: The Federal Government has said it is ready to pay higher than N60,000 as minimum wage, urging organized labour to take the offer. It did not however state the specific amount. @VANGUARD ECONOMIC DISCOURSE: […]
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) say the federal government’s disposition to the minimum wage negotiations indicates an intent to pauperise Nigerians. On Friday, NLC and TUC declared an indefinite […]
The naira depreciated to N1,510 per dollar at the parallel section of the foreign exchange (FX) market on Monday. The current rate represents a drop of 1.34 percent from the N1,490/$ traded on May 31. […]
Financial technology (Fintech) companies have resumed onboarding new customers. In separate statements on Monday, OPay and Kuda Microfinance Bank announced the Central Bank of Nigeria (CBN) has authorised them to start enrolling users. On April […]
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