NEWS
States Have Capacity To Pay N615,000 Minimum Wage, Labour Insists
The Nigeria Labour Congress (NLC) insists the proposed N615,000 minimum wage is realistic, dismissing claims that some states cannot pay such an amount if approved. Recent reforms in Nigeria including the removal of fuel subsidy and the unification of the foreign exchange market have pushed the cost of living to newer levels. Inflation figures hit 33.2 per cent in March, further...
We’re Disappointed With Buhari’s Unwillingness To Free Nnamdi Kanu — Ohanaeze
Apex Igbo socio-cultural organization, Ohanaeze Ndigbo has expressed disappointment over the refusal of Abuja High court to grant the leader of the IPOB, Nnamdi Kanu bail on Tuesday. National vice chairman of the group, Damian Okeke Ogene who express...
Ahead May 29 Inauguration, Naira Falls To 760/$
The US dollar has increased to N760 ahead of the inauguration of the new administration as politicians, including candidates for the National Assembly’s presiding officers, scramble for foreign currency. On May 29, 2023, the incoming administration will take office. The incoming president, Bola Ahmed Tinubu, is set to issue a proclamation letter on June 13 to officially start the 10th...
FG Exceeds 2025 Borrowing Target By 55.6%
The Federal Government (FG) has borrowed N17.36 trillion from domestic and foreign sources in the first 10 months of this year. This represents N6.06 trillion (55.6 per cent) in excess of the N10.9 trillion stipulated in the 2025 Appropriation Act on 10 months prorate bases. The total borrowing in 2025 approved budget is N13.08 trillion for the entire fiscal year. The...
Catholic Archbishop Ask FG To Consider Herbal Remedies For COVID-19
Alfred Martins, Catholic archbishop of Lagos Diocese, has called on the federal government to consider herbal remedies in the quest of a cure for COVID-19. The Catholic Archbishop made the appeal during a press conference held at the Holy Cross Cathedral hall in Lagos, on Wednesday. He said Herbal Remedies are known for its potency against several diseases. Martins said Madagascar’s herbal...
Wike, Makinde, Sanwo-Olu Bag Honorary Doctorate Degrees
The management of Ajayi Crowther University on Friday conferred honorary doctorate degrees on Governors of Oyo, Rivers, and Lagos States respectively, Seyi Makinde, Nyesom Wike, and Babajide Sanwo-Olu respectively. Governor Makinde was conferred with a Doctorate of Science in Engineering (Honoris Causa), Wike was conferred with a Doctor of Laws (Honoris Causa) while Sanwo-Olu was conferred with a Doctor of...
“No Monopoly Agent has been Created” -FIRS Clarifies Position On Xpress Payment
The Federal Inland Revenue Service (FIRS) has clarified its position on appointment of collection agents for the Treasury Single Account (TSA) system, saying no monopoly agent has been created for the purpose. The Service was responding to a recent allegation by the former Vice President, Atiku Abubakar, that FIRS has appointed Xpress Payments as one of the channels used in...
Chinese Bank Grants $254.76 Million Loan For Kano-Kaduna Railway Project
A $245 million loan has been approved by the China Development Bank to support the Nigerian Kano-Kaduna railway project. According to information released on its website on Tuesday, the financial backing is expected to ensure the seamless continuation of the construction work. It said on its website, “China Development Bank released on Tuesday that the bank has recently granted a loan...
Farmers, Traders Disappointed In Food Cost Hike Amidst Harvest
Some high cost of food and food sellers in the South-South region have expressed concerns over the high cost of food irrespective of the harvest season. The stakeholders, who responded to a survey in Akwa Ibom, Rivers and Cross Rivers, said that a remarkable fall in food prices was witnessed during the previous harvest season. The stakeholders maintained that only a...
Have Mercy On Ekweremadu, Ohanaeze Ndigbo Begs UK
Ohanaeze Ndigbo, the main Igbo socio-cultural organization, has pleaded with the British government to release imprisoned former Deputy Senate President Ike Ekweremadu. Ohanaeze appealed on Tuesday during a meeting with Dr. Richard Montgomery, the British Higher Commissioner to Nigeria, at the Ohanaeze Ndigbo National Secretariat in Enugu. The supreme Igbo authority declared that it recognized the trial court's decision to sentence...
