FirstBank wins 2024 Best SME Bank in Nigeria, Africa by ASIAN banker awards Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence[Read More…]
New Minimum Wage: Labour rejects FG’s offer, fresh strike looms amidst competing proposals The organised Labour may resume their suspended nationwide strike action, firmly rejecting the proposed ₦62,000 and ₦100,000 minimum wage proposed by experts describing both as “starvation wages” for Nigerian workers. Labour had insisted on its demand[Read More…]
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a[Read More…]
FG increases minimum wage to N62,000 against N250,000 demanded by Labour The Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000. However, the organised labour is proposing N250,000 which is a shift from its earlier[Read More…]
Wale Edun submits N105,000 as new minimum wage to Tinubu Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has submitted a proposal of N105,000 as the new minimum wage to President Bola Ahmed Tinubu. Tinubu had asked Edun to submit the projected cost implications of[Read More…]
Court orders interim forfeiture of 3 posh Abuja properties valued at N11.14bn link to Emefiele Justice Chukwujekwu Aneke of a Federal High Court sitting in Lagos has ordered an interim forfeiture of properties valued about N11.14 billion linked to the embattled former Governor of the Central Bank[Read More…]
Edun Submits Minimum Wage Cost to Tinubu President Bola Tinubu, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday, submitted the projected cost implications of implementing a new national minimum wage. The submission comes two days after Tinubu issued the directive to present a proposed new[Read More…]
WHO confirms 1st fatal human case of bird flu subtype in Mexico The World Health Organisation (WHO) said Mexico has reported the first-ever laboratory-confirmed human case of the H5N2 avian influenza (bird flu). In a statement on Wednesday, the WHO said the Mexico International Health Regulations[Read More…]
Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public[Read More…]
Editors Condemn Increasing Spate of Journalists’ Abduction · Say Cyber Crimes Act not enacted to persecute journalists · Urge government to step up fight against terrorists, bandits The Nigerian Guild of Editors (NGE) has condemned the increasing sequence of abduction and arrest of journalists in[Read More…]
