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…]
BREAKING: Minimum wage: NLC, TUC suspend strike for five days Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days, a leader of the NLC told our correspondent in Abuja. The centres are expected to issue a statement[Read More…]
BREAKING: FG invites Labour for emergency meeting Tuesday The Federal Government, through the National Salaries, Wages, and Income Commission, has extended an invitation to the leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress in view of halting the ongoing strike. Reporta from DailySun said, spokesperson[Read More…]
FG acquires $500m World Bank loan to enhance power distribution The Bureau of Public Enterprises (BPE) says the federal government has secured a $500m World Bank loan to boost electricity distribution in the country. The Bureau of Public Enterprise (BPE) announced the World Bank loan in a statement[Read More…]
Again, Labour rejects FG’s N54,000 new minimum wage offer The organized labour led by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have rejected the N54,000 offered by the federal government as the new minimum wage. The offer was made to representatives of labour[Read More…]
IIM gets FG’s nod to certify data protection professionals The Nigeria Data Protection Commission (NDPC) has granted a license to the Institute of Information Management (IIM) to administer exams and certify future data protection professionals in the country. The NDPC National Commissioner and Chief Executive Officer,[Read More…]
Power Sector Debts: FG approves N3.3trn payment President Tinubu has approved a phased payment plan to clear the N3.3 trillion debt to power generation and gas companies, providing a welcome relief to the affected industries. The Minister of Power, Adebayo Adelabu, disclosed this at the 8th Africa Energy[Read More…]
Nigeria to unveil auto-credit scheme to boost local automobile industry The federal government has announced plans to launch an auto-credit scheme to boost the local automobile industry. Doris Uzoka-Anite, minister for industry, trade, and investment, spoke on Tuesday at a 3-day automobile conference in Lagos. Uzoka-Anite, who was represented by[Read More…]
FG denies demanding $150m bribe from Binance The federal government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria. On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some[Read More…]
FG to give Dangote Refinery full Operating licence The Nigerian government on Tuesday said it will soon grant the Dangote refinery a valid licence to operate fully in the country. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive, Farouk Ahmed, disclosed this at the[Read More…]
