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May 1st Ushers in New Minimum Wage for Nigerian Workers
The Federal Government says although the Tripartite Committee On National Minimum Wage is yet to conclude its negotiations, workers will not lose anything as the new minimum wage will take effect from May 1, 2024.
The Minister of…
FCMB Group Soars: 186% Profit Propels Dividend Proposal of 50k per Share
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard.
The Group recorded a…
Landmark Beach Demolished for Coastal Highway Project: “Six Years of Work Gone in Six…
A part of Landmark Beach on Victoria Island, Lagos on Monday was demolished to give way to the Lagos-Calabar Coastal Highway, Nigeria’s biggest public infrastructure project.
This is despite the outcry in some sections about the…
NLC Rejects Pay Rise, Demands N615,000 Minimum Wage for Nigerian Civil Servants
Joe Ajaero, president of the Nigeria Labour Congress (NLC), says the federal government’s announcement of a pay rise for civil servants is mischievous.
On Tuesday, the federal government approved a pay rise of between 25 and 35…
Presidency’s $600 Million Seaport Investment Unconfirmed by Maersk
Danish shipping and logistics company, A.P Moller-Maersk, has avoided comments on a supposed investment in Nigeria’s seaport infrastructure totalling $600 million.
Last Sunday, President Bola Tinubu and the company’s Chairman, Robert…
Nigerian Passport Ranked Low on Global Mobility List
Nigerians seeking international travel face hurdles as the country's passport has been ranked among the world's weakest. VisaGuide's World Passport Index placed Nigeria at 191st out of 199 nations, only surpassing North Korea, Iraq, and…
Moghalu Urges FG to Peg Naira at Real Market Value
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has advised the federal government to stabilise the naira at its true market value.
Moghalu spoke in a statement on Tuesday.
On April 15, naira…
Pregnant Woman Among Nine Injured in Lagos Gas Explosion
Nine persons including a pregnant woman were injured in a gas explosion around the Ajegunle-Apapa area of Lagos State.
The Lagos State Fire and Rescue Service (LSFRS) attributed the explosion to a gas leakage which ignited a…
FG Approves 25-35% Salary Hike for Civil Servants Across Various Salary Structures
In a move aimed at boosting the welfare of civil servants, the Federal Government (FG) on Tuesday approved a significant salary increase of 25% and 35% for workers across various consolidated salary structures.
According to a…
Electricity Tariff Hike: Falana Says FG is Dancing to Tune of IMF, World Bank
Human rights lawyer, Femi Falana, has accused the Federal Government of pandering to the whims and caprices of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff.
Falana claimed that the…
Bishop Oyedepo Condemns “Yahoo Boys,” Warns of Dire Consequences
The Presiding Bishop of the Living Faith Church, also known as Winners Chapel International, Bishop David Oyedepo, has condemned fraudsters and “Yahoo Boys” saying they have a tainted future.
From the Yahoo e-mail service, the term…
Lagos to Host Annual Yoruba Week Starting This September
The Lagos State Government has announced plans to dedicate the last week of September every year as “Yoruba Week” to celebrate the Yoruba culture.
In a press statement on Monday by the Chief Press Secretary to the Speaker of the…
Emefiele Trial: Former CBN Director Alleges Millions in Bribes
In a development with significant implications for the ongoing corruption case against Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), a key witness implicated Emefiele in a bribery scheme. John Ayoh, a former…
Nigerian Court Blocks MultiChoice Subscription Price Hike
A Nigerian court has put a temporary hold on MultiChoice Nigeria Limited's planned increase in subscription prices for its DStv and GOtv services. The Competition and Consumer Protection Tribunal (CCPT), sitting in Abuja, issued an…
CBN Freezes New Accounts at OPAY, Palmpay, Others Amidst Forex Probe
The Central Bank of Nigeria (CBN) has taken a controversial step in its fight against alleged illicit foreign exchange (forex) transactions. The regulatory body has ordered four fintech companies – OPay, Palmpay, Kuda Bank, and…