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Minimum living wage should be N615,000 – Ajaero

Lagos, May 1, 2024 – Joe Ajaero, the President of the Nigeria Labour Congress (NLC), says N615,000 should be the minimum living wage for workers in Nigeria. Ajaero said this on Wednesday while reacting to the pay rise announced for workers by the Federal Government during an interview on Channels Television. The Federal Government has approved a pay rise of between 25 per cent and 35 per for federal civil servants across various consolidated salary structures. Ajaero, however, said that the 35 per cent pay rise of the federal government …

Condition of Nigerian worker remains miserably low – Atiku

Abuja, May 1, 2024 – Former Vice President Atiku Abubakar has deplored the miserable condition of Nigerian workers under the current administration. He made the observation on Wednesday in his May Day message to workers, saying no administration had trampled on the rights of workers like the President Bola Tinubu government. “As Nigerian workers join their counterparts across the world today to celebrate International Workers Day, it is a sobering truth  that the plight  of the Nigerian worker remains dire.  “Despite prolonged pledges and flowery words by the government, the …

Peter Obi faults Lagos-Calabar highway project

Abuja, April 30, 2024 – Peter Obi, the Presidential Candidate of the Labour Party in 2023 Elections, has condemned the ongoing construction of the Lagos-Calabar highway project in spite of public outcry. He wondered why the government was bent on constructing the road in spite of the widespread outcry by the public, especially business and property owners directly affected by the project. Obi expressed his sentiments through a post on his X handle on Tuesday. “The outcry against this project has been overwhelming due to the current situation in the …

Nigeria’s economy takes shape as legacy initiatives emerge – IMPI

Abuja, April 30, 3024 – The federal government has embarked on new legacy initiatives to further cushion the burden of its reforms even as economy begin to manifest positive signs of recovery. These legacy initiatives are the consumer credit, social security and the student loan scheme. The government has also reduced the cost of governance through the presidential embargo on foreign trips by government officials and the consideration of the report on the report on the reduction of ministries and agencies. Mr Niyi Akinsiju, the Chairman of Independent Media and …

EFCC denies shooting at Pro-Yahaya Bello’s protesters

Abuja, April 30, 2024 – The Economic and Financial Crime Commission (EFCC), has denied reports of shooting at pro-Yahaya Bello protesters at its headquarters on Monday in Abuja Dele Oyewale, its Spokesman, denied the reports on Tuesday while responding to a video trending on social media. He said the operatives only dispersed the protesters who went to the commission’s headquarters to disrupt activities. ” No arrests were made as claimed by the group. ” They presented their letter which was received by the Director of Public Enlightenment Department, Mr Wilson Uwujaren, who …

19 die in road accident along Okene-Lokoja highway

Okene, April 28, 2024 – Nineteen persons died on Sunday in a road accident along the Okene-Lokoja highway. Jonas Agwu,  the Spokesperson for the Federal Road Safety Corps (FRSC), disclosed this in a statement. He said the accident involved a Dangote Truck with registration number NSH680YJ and a Toyota Hiace Bus with registration number KMC455ZE. “The Toyota Hiace Bus, loaded from Kano was on its lane on the highway when the Dangote Truck driver who drove from Port Harcourt wrongfully overtook a vehicle and collided head-on with the bus. “The …

FG signs accord with states, private sector on economic and financial inclusion

Abuja, April 25, 2024 – The Federal Government on Thursday signed an agreement for economic and financial inclusion with state governments and private sector operators called “Aso Accord”. Vice President Kashim Shettima, the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, and the Governor of Central Bank of Nigeria, Yemi Cardoso, signed the accord on behalf of the federal government. The Governor of Kwara State, AbdulRahman AbdulRazaq, signed for the states, while Sterling Bank PLC’s MD/CEO, Abubakar Suleiman, signed on behalf of the private sector. The accord …

Adesola Adeduntan resigns as First Bank MD

Lagos, April 20, 2024 – Adesola Adeduntan, the Chief Executive of First Bank of Nigeria (FBN), has resigned from the office, reliable sources in the industry said. His resignation is coming just as Femi Otedola stepped in as the chairman of FBN Holdings, the parent company of the bank. Otedola, the Chairman of Geregu Power Plc, acquired substantial stake in First Bank in August last year to become the new Chairman of FBN Holdings in January 2024. He succeeded Ahmad Abdullahi. (GBN)

Sovereign Investment Authority invests $500m in infrastructure

Abuja, April 19, 2024 – The Nigeria Sovereign Investment Authority (NSIA) has invested announced over $500 million in infrastructure projects in Nigeria.  affirming the Authority’s strategic focus on enhancing the country’s infrastructure and economic viability. Aminu Umar Sadiq, its Managing Director, said this in Abuja on Thursday at the public presentation of the 2023 financial results of the company. He said the strategic focus of the company was to enhance the country’s infrastructure and economic viability. Sadiq said the company was playing a pivotal role of the development of the …