The Nigeria Deposit Insurance Corporation (NDIC) has increased the maximum deposit insurance coverage for Deposit Money Banks (DMBs) from N500,000 to N5,000,000 and would provide full coverage of 98.98 per cent of the total depositors compared with the current cover of 89.20 per cent This was announced today by the Managing Director/Chief Exec...
•Bassey Otu Governor Bassey Otu of Cross River State has said henceforth, the least paid worker in the state will go home with N40,000 monthly, instead of N30,000. He made this announcement in his address to workers when they celebrated this year’s Workers’ Day at UJ Esuene Stadium, Calabar, reports Daily Trust. He said he […]
•Atiku and Tinubu Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, today, asserted that increase in tariffs of different services amounts to Nigerians subsidising the corruption and inefficiencies in government. In a statement he personally issued in Abuja, he said the plight of the Nigerian wo...
The UK today increased the income required to sponsor someone coming to the country on a family visa as part of the government’s plan to cut immigration. This was revealed by the UK home office via its official X (formerly Twitter) handle today. “We’re delivering the biggest-ever cut in legal migration and an immigration system […]...
•UK PM Rishi Sunak The United Kingdom government has increased the general salary threshold for those arriving in the UK on a Skilled Worker visa from £26,200 to £38,700. According to the Home Secretary, James Cleverly, the minimum wage increased by 48 per cent to cut migration and put British workers first in force. Changes […]
The federal government has jacked up the electricity tariff for Band A customers. Band A are those who enjoy electricity supply for 20 hours per day, reports Channels TV. At a press briefing in Abuja today, Musliu Oseni, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), said the increase will see customers pay ₦225 [&hell...
•Nigerian Breweries products Nigerian Breweries Plc has announced another increment in the price of its products after the previous increase in February. It was earlier reported that the company issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February 12, 2024, the price review,...
•CBN Governor Yemi Cardoso The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has raised the Monetary Policy Rate(MPR) by four hundred basis points to 22.75 percent from 18.75 percent. Governor of the CBN Yemi Cardoso announced this after the first MPC meeting for the year in Abuja today, reports Channels TV. “All 12 […...
The management of the University of Calabar (Unical) has announced an increase in the university’s tuition fees for undergraduates by over 100 percent. The announcement was made in a statement made available to newsmen in Calabar today. In the statement by the institution’s spokesman, Mr Effiong Eyo, said the upward review of the fees was [&he...
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