The House of Representatives has called for a review of the 2024 budget projections owing to the free fall of the naira in the past few months. Rising from plenary session yesterday, the lawmakers adopted a motion on matter of public urgent importance titled, “Need to evaluate the implications of the current exchange rates on […]
The Special Adviser to the President on Energy, Mrs. Olu Veŕheijen, has said that the federal government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country. Veŕheijen said this while briefing journalists in Abuja today. Earlier, the International Monetary Fund reported that the Nigerian government brought ...
Governor Alex Otti of Abia State says he has approved immediate disbursement of N100,000 interest free-loan to Abia women entrepreneurs among other operators of small and medium enterprises in rural communities. This is as he said that his administration had shown unprecedented regard for women as four women occupy very sensitive portfolios in...
The major downstream marketers under the aegis of the Major Energies Marketers Association of Nigeria, (MEMAN), have said that the country’s petroleum products distribution and supply chain may face more challenging complexities going by current foreign exchange market intricacies. The Executive Secretary of the Association, Clement Isong spok...
•Bitcoin Despite its irrepressible market appeal, cryptocurrencies such as bitcoin still labour under a shady reputation, given a history of scandal and sudden price collapses, coupled with its popularity among cyber villains. On Tuesday, bitcoin — the most widely used cryptocurrency — reached its all-time high, topping $69,191, surpassing its...
For workers in the South West geopolitical political zone, the Nigeria Labour Congress has called for a new national minimum wage of N794,000. Chairman of the Lagos State Nigeria Labour Congress, NLC, Mrs. Funmi Sessi made the aforesaid recommendation to the ruling government today. Sessi made the call in the memorandum submitted at the South-...
•NLC strike The Nigeria Labour Congress, NLC has proposed the sum of Eight hundred and fifty thousand Naira as the new minimum wage for workers in the South-South geopolitical zone. Chairman of NLC, Akwa Ibom State Council, Comrade Sunny James presented the position of the zone today in Uyo, the state capital during the zonal […]
•Tinubu The Secretary General of Jama’atu Nasir Islam (JNI), Professor Khalid Abubakar Aliyu as well as the President, Christian Association of Nigeria (CAN), Archbishop Daniel C. Okoh, have noted that the increasing rate of hunger and insecurity in the country is worrisome. They made the observation at the 6th Annual Inter-Faith Peace Confere...
•NLC strike The Nigeria Labour Congress (NLC) ,FCT chapter, has proposed N709,000 as new minimum wage for Nigerian workers. The NLC FCT Chairman, Dr Stephen Knabayi, made the submission at the North Central Zonal Public Hearing organised by the Tripartite Committee on the National Minimum Wage today in Abuja, reports NAN. President Bola Tinubu...
•Ajaokuta steel complex The federal government has announced plans for the Ajaokuta steel complex to commence the production of military hardware. Steps have been taken to commence the process, with the Ministries of Steel Development and Defence poised to sign a Memorandum of Understanding (MOU) for its implementation, reports The Nation. The...
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