Members of the organised labour, today, protested and shut down the headquarters of Nigeria Social Insurance Trust Fund (NSITF) over alleged cut of workers’ salaries in the agency by the management of the fund. The aggrieved protesters, led by the President of Trade Union Congress (TUC), Festus Osifo and executive members of the Association of...
•Dollar and Naira The Naira yesterday continued its downward trend against the United States dollar, depreciating to N1,309/$ at the official market and N1,420 at the parallel market. The new rate which indicates a depreciation of N90 or 6.8 per cent from N1,330 quoted by currency traders on Wednesday followed renewed dollar demand pressure in...
•Osifo and Tinubu The Trade Union Congress of Nigeria (TUC) President, Mr Festus Osifo, has said that the much-awaited new minimum wage may not be announced on Workers Day, May 1. Osifo said this while speaking with newsmen today in Abuja. “The negotiation by the Tripartite Committee is still on going. If you remember, the […]
The Trade Union Congress (TUC) of Nigeria has urged the federal government to pay N35,000 as March and April wage award to workers. The congress said public workers had not received their March and April pay, despite an agreement with the federal government on the payment, reports The Nation. TUC President Festus Osifo said this […]
•Fuel scarcity Fuel scarcity is biting hard on Kaduna residents as motorists are forced to buy the product for as high as N1, 100 per liter from black marketers. Our correspondent reports that many passengers going to work and their business premises were stranded following the scarcity of fuel across the state and very few […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has given Anambra State Governor Chukwuma Soludo a 30-day ultimatum to address the demands of marketers in the state or face total shutdown of operations without further notice. The people of Anambra State woke up yesterday morning to meet filling stations shut as marketers wer...
•Foodstuffs Prices of essential food items have gone up by at least 30 per cent between December and April in at least eight states, according to surveys by our correspondents. The development has made consumers in the country groan, saying the hikes in the prices of goods have affected their budgets, reports The PUNCH Prices […]
Multichoice Nigeria, owners of DStv and GOtv, has announced a price hike for its subscription packages. The new prices will take effect from May 1, 2024, a few months after its last price upward review. This was announced in a statement titled, ‘Price Adjustment on DStv and GOtv Packages’. The statement reads in part: “On […]
•Minister of Solid Minerals Development, Dele Alake The federal government, through the Ministry of Solid Minerals Development, has revoked 924 dormant mineral licences. The Minister of Solid Development Minerals, Dele Alake, disclosed this information at a press conference today in Abuja. The revoked licences include 528 exploration licences,...
The Kaduna State Internal Revenue Service (KADIRS) has sealed off six branches of the United Bank for Africa (UBA) over alleged evasion of N14 million tax. The operation followed the non-compliance of the management of the bank to series of notices sent to them by the service, reports Daily Trust. The team led, by the […]