Minimum wage: Tinubu says he will pay what Nigeria can afford President Bola Tinubu on Wednesday night said that he will approve a new minimum wage the government can afford, alerting the National Assembly to expect his memorandum on the final settlement. He stated this at a[Read More…]
NNPC asks withdrawal of suit challenging ExxonMobil-Seplat deal The Nigerian National Petroleum Company (NNPC) Limited has filed a motion in a federal capital territory (FCT) high court, seeking to discontinue its ongoing suit against the Nigerian subsidiaries of ExxonMobil and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). On[Read More…]
World Bank to CBN: Interest rate hikes may not effectively combat inflation The World Bank has said that there is a possibility the monetary policy tightening by the Central Bank of Nigeria (CBN) would not rein inflation. In its global economic prospects report released on Wednesday, the Bretton Woods institution[Read More…]
TEXT OF PRESIDENT BOLA TINUBU’S NATIONAL BROADCAST ON THE 25TH ANNIVERSARY OF UNBROKEN DEMOCRACY IN NIGERIA, DEMOCRACY DAY 12TH JUNE 2024. My fellow Nigerians, let me begin by congratulating all of us for witnessing the celebration of another Democracy Day today, the 12th day of June 2024. This year also[Read More…]
Reps Charge CBN On Thorough Probe Of Heritage Bank Management The House of Representatives has urged the Central Bank of Nigeria (CBN) to conduct a thorough investigation of the leadership and management of Heritage Bank to identify any possible issues of mismanagement or wrongdoing that might have contributed to[Read More…]
NBS: FG generated N984bn from company income tax in Q1 2024 — down by 12.87% from Q4 2023 The National Bureau of Statistics (NBS) says the federal government collected a total of N984 billion as company income tax (CIT) in the first quarter (Q1) of 2024. The (NBS) disclosed this[Read More…]
Sterling Bank Implements Blockchain Solution for SPPG Sterling Bank, a leading financial institution committed to driving innovation and progress, has partnered with the School of Politics, Policy, and Governance (SPPG) to revolutionize credential verification through blockchain technology. This collaboration marks a significant milestone in enhancing the efficiency, security, and[Read More…]
Fidelity Bank records largest single-day turnover volume of over 600 million shares Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80.[Read More…]
FG declares Wednesday public holiday to mark Democracy Day The federal government has declared Wednesday, June 12, as a public holiday in commemoration of Democracy Day. Permanent secretary in the ministry of interior, Aishetu Ndayako, made the announcement in a statement on Tuesday. Olubunmi Tunji-Ojo, minister of interior,[Read More…]
Reps seek six-year tenure for president, rotation among zones A group of lawmakers in the House of Representatives are seeking alterations to the 1999 Constitution to pave the way for the rotation of the Presidency among the six geo-political zones of the country, Punch reports. [Read More…]
