News

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 […]

The federal government and organised labour have agreed on the fixing of a new minimum wage that is above N60,000. The agreement was reached at the end of a meeting held on Monday between leaders […]

Organised Labour has urged President Bola Tinubu to personally intervene in the ongoing negotiation over minimum wage to avert the indefinite strike action scheduled to start on Monday. This is as the Federal Government warned […]

The National Agency for Food and Drug Administration and Control has once again warned Nigerians about the hazardous practice of using dangerous chemicals to preserve food items. Specifically, the agency has banned and emphasized the […]

Abuja Electricity Distribution Company (AEDC) has released the names of 25 customers with outstanding electricity bills. In a notice on Saturday, the DisCo said it will disconnect all clients who fail to clear their debts […]

The federal government says the N494,000 minimum wage proposed by organised labour is “unsustainable”. In a statement on Saturday, Mohammed Idris, minister of information, said the demand by organised labour amounts to a N9.5 trillion […]

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed its members to comply with the directive of the labour unions to begin an indefinite nationwide strike on Monday. In a statement on […]

Babatunde Fashola, former minister of works and housing, says the parliamentary system of government led Nigeria into “unwarranted disaster” when it was practised in the country. Fashola spoke in Ilorin, the Kwara state capital, on […]

A delegation comprising representatives from both Warri and Uvwie kingdoms of Delta State arrived at the Ajayi Crowther University, Oyo State, on Wednesday to ascertain the circumstances surrounding the death of Alex Timileyin, a student […]

The South East Governors’ Forum has condemned Thursday morning’s attack, which left two soldiers dead at a checkpoint at Aba in Abia State. The News Agency of Nigeria gathered that the attack, which occurred at […]