Zamfara Moves Away From N7,000 Minimum Wage, Now Pays N30,000
The Zamfara State Government has commenced the payment of N30,000 minimum wage to workers in the North-Western state. This followed a meeting the state governor, Dauda Lawal, held with the leadership of labour unions where he pledged to commence the payment of the minimum wage in June. Disclosing this in a statement on Friday, the governor’s spokesperson, Sulaiman Bala Idris, said...
After Subsidy Removal, FG Records Over N1tn Monthly Revenue Inflow – Finance Minister
The Minister of Finance, Mr Wale Edun, says that the Federation Account is witnessing improved revenue inflow since the removal of subsidy from an average of N650 million monthly to over N1 trillion in the last four months. The minister stated this on Monday in Asaba at the opening ceremony of a four-day retreat organised for members of the Federation...
International Trips: Tinubu, Shettima’s Absence Fiscal Irresponsibility — Obi
The Labour Party, LP, presidential candidate during the 2023 elections, Peter Obi, has described the foreign trips embarked upon by both President Bola Tinubu and his deputy, Kashim Shettima, as fiscal irresponsibility. Obi raised issues with the trips, coming when the country is grappling with domestic (economic) challenges. Recall that Tinubu departed for the United Kingdom on October 2, for a...
2023: North Determines Next President, Will Be Asked To Vote Atiku – Primate Ayodele
Primate Elijah Ayodele of the INRI Evangelical Spiritual Church has made another revelation regarding the 2023 presidential election. He stated that the Peoples Democratic Party, PDP, presidential candidate Atiku Abubakar, would be asked to vote in the North. Primate Ayodele revealed in a statement signed by his media aide, Osho Oluwatosin, that the 2023 election will be based on ethnicity and...
FG To Restructure FIRS, Mulls New Name
The Minister of Finance, Budget and Economic Planning, Zainab Ahmed, has disclosed plans to restructure the Federal Inland Revenue Service (FIRS). The minister while appearing before the Senate Committee on Finance said the restructuring would see the name of the service changed to the Nigeria Revenue Service. The change, which is part of the 2022 Finance Act that was passed by...
Investigator Says Buhari’s Nephew, Not Ex-President Approved Naira Redesign
The Special Investigator on the Central Bank of Nigeria and Related Entities, Jim Obazee, has indicated that the recent naira redesign wasn’t expressly approved by former President Muhammadu Buhari. Obazee had gathered that the approval came from Buhari’s aide, Sabiu Tunde ‘Yusuf’. This was contained in the investigator’s final report tagged, ‘Report of the Special Investigation on CBN and Related Entities...
CBN Says It Disburses New Naira Notes Daily
The Central Bank of Nigeria (CBN) says it allocates new naira notes to banks on a daily basis. CBN Director, Consumer Protection, Mrs Rashidat Monguno, said this in Offa, Kwara State, on Thursday, attributing scarcity of the redesigned notes to sabotage by some commercial banks. Monguno, who was on an exercise to monitor microfinance banks, said, ”There is naira out there,...
Cash Swap: FG Wants Only N200 Old Notes To Remain Legal Tender Till April – El-Rufai
Nasir El-Rufai, Governor of Kaduna State, has revealed that the Federal Government has proposed that only the old N200 notes remain legal tender until April 10, 2023. Muyiwa Adekeye, Governor El-Rufai's Special Adviser on Media and Communication, stated this on Wednesday. The governor denied reports that the governors of the All Progressives Congress met with the federal government on Wednesday. He did, however,...
$1 Now ₦788, We Are Not Aware Of Naira Redesigning – Finance Minister
Minister of Finance, Budget, and National Planning, Zainab Ahmad, has disassociated her ministry from the planned move by the Central Bank of Nigeria ( CBN) to redesign the naira. The minister, who commented on the policy in response to a question raised by Senator Opeyemi Bamidele (APC Ekiti Central) during the 2023 budget defense session with the Senate Committee on...
National Assembly Adjusts 2024 Budget From ₦28.7tn To ₦35.5tn
The Senate has approved the ₦6.2 trillion amendment to the 2024 Appropriation Act, raising this year’s national budget from ₦28.7 trillion to ₦35.055 trillion. The amendment for capital and recurrent are for key infrastructure projects omitted in the 2024 appropriation and for the newly passed ₦70,000 national minimum wage. Meanwhile, the House of Representatives has also passed the amended 2024 budget...
