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FG Receives Tripartite Committee Report on Minimum Wage

The Tripartite Committee on National Minimum Wage has submitted its report to the Secretary to the Government of the Federation (SGF), marking the conclusion of its assignment. This was announced in a statement by the SGF’s Director of Information and Public Relations, Segun Imohiosen. A formal presentation of the report to President Bola Tinubu will […]

Lawmakers Propose Rotational Presidency, Single Six-Year Term for President, Govs

A group of over 30 lawmakers in the House of Representatives, under the aegis of the Reform Minded Legislators, are seeking constitutional changes to rotate executive powers among Nigeria’s six geopolitical zones. They also propose a single six-year term for the President and Governors to improve governance efficiency and national stability. Addressing journalists in Abuja, […]

Strike May Continue as Labour Rejects FG’s N62,000 New Minimum Wage Offer

The organized labour unions, comprising the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), have firmly rejected the Federal Government’s proposed N62,000 minimum wage for workers. Speaking on Channels TV’s Morning Brief on Monday, Chris Onyeka, Assistant General Secretary of the NLC, stated that the union refuses to negotiate a “starvation wage.” “If […]

FG Offers ₦62,000 As New Minimum Wage, Labour Demands ₦250,000

After extensive negotiations on Friday, the Federal Government and the organised private sector have raised their offer for the new minimum wage to ₦62,000, up from the previous proposal of ₦60,000. In response, organised labour has adjusted its demand to ₦250,000, down from an earlier demand of ₦494,000. This development marks the conclusion of deliberations […]

Presidency Counters Atiku Over Claims of N5.4 Trillion Fuel Subsidy in 2024

The Presidency has dismissed claims that it is making provisions to pay N5.4 trillion for fuel subsidy in 2024, countering statements made by PDP presidential candidate Atiku Abubakar. Atiku had challenged President Tinubu, alleging that despite claims of ending the petrol subsidy, the administration had secretly continued payments, potentially reaching N5.4 trillion this year. In […]

Atiku Slams Tinubu, Claims Fuel Subsidy Payments May Reach N5.4 Trillion in 2024

Contrary to President Bola Tinubu’s declaration in May 2023 that the fuel subsidy regime had ended, the Federal Government continues to make provisions for subsidy payments, according to Atiku Abubakar, the 2023 presidential candidate for the Peoples Democratic Party (PDP). Atiku criticized the current administration for allegedly continuing to pay fuel subsidies without public knowledge, […]

Assembly Seeks Probe of Former Kaduna Governor, El-Rufai, for Abuse of Office

An ad hoc committee of the Kaduna State House of Assembly has recommended the investigation and prosecution of former Governor Nasir El-Rufai for abuse of office and money laundering. The committee, chaired by Henry Zacharia, presented its report during a plenary session on Wednesday. According to the report, many loans obtained during El-Rufai’s administration were […]

U.S. Lawmakers Petition Biden for Binance Executive’s Release

Sixteen members of the United States House of Representatives have petitioned President Joe Biden, urging him to intervene in the case of Tigran Gambaryan, a detained Binance executive, and secure his return to the U.S. from Nigeria. Gambaryan was arrested by the Nigerian government in February and initially held at a guest house before formal […]

Naira Abuse: Absence of Defence Counsel Stalls Cubana Chief Priest’s Trial

The trial of Lagos-based socialite and celebrity barman, Okechukwu Pascal, popularly known as Cubana Chief Priest, was stalled today at the Federal High Court in Lagos due to the absence of his defense counsel. Okechukwu was arraigned by the Economic and Financial Crimes Commission (EFCC) on April 17, facing a three-count charge for allegedly spraying […]

NDIC to Repay Heritage Bank Customers Within One Week, Says MD

The Nigerian Deposit Insurance Corporation (NDIC) has announced that the repayment of depositors at Heritage Bank will begin by the end of this week. NDIC Managing Director Bello Hassan disclosed this during a briefing on the bank’s liquidation in Abuja on Wednesday. The liquidation process commenced after the Central Bank of Nigeria (CBN) revoked Heritage […]

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