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Nigerian Government Should Address Looming Food Insecurity Now – Senate

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Nigerian Government Should Address Looming Food Insecurity Now – Senate

The Senate has urged the Federal Government to, as a matter of urgency, initiate measures to tackle the impending food insecurity in the country. It also urged the government to outline measures put in place to combat the situation and address Nigerians on it. The Senate’s resolution followed the adoption of a motion on the urgent need to address food insecurity...

NNPCL Seeks Fresh $2bn Crude-For-Cash Loan Amid Fuel Scarcity

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NNPCL Seeks Fresh $2bn Crude-For-Cash Loan Amid Fuel Scarcity

The Nigerian National Petroleum Company Limited plans to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country. This is according to a report by Reuters on Tuesday, suggesting that NNPCL plans to achieve the deal in two months. The Group Chief Executive Officer, Mele Kyari said the new financing would allow investment in its business. The Nigerian...

Tension As Pro-Fubara, Wike Lawmakers Hold Parallel Sittings Today

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Tension As Pro-Fubara, Wike Lawmakers Hold Parallel Sittings Today

There is palpable tension in Rivers as the two factions of the State  holds a parallel sittings today. On Sunday night the Victor Oko-Jumbo-led House loyal to the State Governor, Siminalayi Fubara had in a letter by the Clerk, Dr G. M Gillis-West, invited a new commissioner-nominee, Emmanuel Frank-Fubara, to appear before it on Monday for screening and confirmation as...

Tension, Heavy Security as Nigerians Protest Against EFCC in Lagos | METROWATCH

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There is heavy security presence at the head office of the Economic and Financial Crimes Commission (EFCC) situated in Awolowo Road, Ikoyi area of Lagos State. The anti-graft commission had raised the alarm that some groups were planning a series of protests against the EFCC. According to The Nation, operatives of the Lagos State Anti-Crime Outfit – Rapid Response Squad (RRS)...

UK Election: PM Sunak Accepts Defeat as Labour Party Wins | METROWATCH

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By Ogochukwu Isioma United Kingdom (UK) Prime Minister, has accepted defeat after losing the UK general election to Labour Party (LP). LP won the general election after crossing the 326-seat threshold for a working majority in the House of Commons. PM Sunak said he called the LP’s Prime Minister-elect, Keir Starmer to congratulate him. Speaking on his win, LP’s Starmer said:...

NGF Claims New Minimum Wage May Push States Into Bankruptcy

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NGF Claims New Minimum Wage May Push States Into Bankruptcy

The nation awaits the new wage promised to be sent to the National Assembly but NGF fears the implication cost may make many states bankrupt The Federal Executive Council, at its meeting last Tuesday, stepped down a memorandum on the report of the tripartite committee on the new minimum wage, to allow for more consultations among the federal and state...

Legislative To Take Action On The New National Minimum Wage- Tinubu

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Legislative To Take Action On The New National Minimum Wage- Tinubu

The long-debated new minimum wage between the Federal Government and organised labour has reached a consensus, President Tinubu reveals. In his national broadcast to mark the 2024 Democracy Day in Abuja on Wednesday, Tinubu revealed that an executive bill will soon be sent to the National Assembly to formalise the new minimum wage agreement. He stated, “In this spirit, we have...

₦100,000 Minimum Wage Proposal Not Acceptable, May Resume Strike- Labour

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₦100,000 Minimum Wage Proposal Not Acceptable, May Resume Strike- Labour

The organised labour vows to reject federal government's ₦62,000 or ₦100,000 minimum wage proposal for Nigerian workers. Speaking in an interview on Channels Television on Monday, the Assistant General Secretary of the Nigeria Labour Congress (NLC), Chris Onyeka, described such a proposal as a “starvation wage”. Onyeka insisted that labour won’t accept the latest government’s offer of ₦62,000, saying that its...

Nigeria Incurs N149bn Loss To Industrial Action

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As a result of the industrial action by the Organised Labour, Nigeria may have lost about N148.8bn in oil revenue on Monday. Nigeria produces 1,281,478 barrels of crude oil daily (excluding condensates), according to the most recent data from the Nigerian Upstream Petroleum Regulatory Commission. Brent, the global benchmark for crude oil, was traded at $78.27 per barrel on Monday. The official...

Former Enugu Senator, Ayogu Eze Dead

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Sen. Kalu Mourns Late Sen. Ayogu Eze, describes Him As Patriotic Leader

The Senator represented Enugu North Senatorial District in the National Assembly, Senator Ayogu Eze has died. It was learnt that Eze a former Senate spokesman, died in an Abuja Hospital after a protracted illness. According to the source, the late Senator has been down, a situation that made him unable to attend his child’s wedding ceremony held earlier in the year...

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