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FG Offers ₦62,000 As New Minimum Wage, Labour Demands ₦250,000

After extensive negotiations on Friday, the Federal Government and the organised private sector have raised their offer for the new minimum wage to ₦62,000, up from the previous proposal of ₦60,000. In response, organised labour has adjusted its demand to ₦250,000, down from an earlier demand of ₦494,000. This development marks the conclusion of deliberations […]

Presidency Counters Atiku Over Claims of N5.4 Trillion Fuel Subsidy in 2024

The Presidency has dismissed claims that it is making provisions to pay N5.4 trillion for fuel subsidy in 2024, countering statements made by PDP presidential candidate Atiku Abubakar. Atiku had challenged President Tinubu, alleging that despite claims of ending the petrol subsidy, the administration had secretly continued payments, potentially reaching N5.4 trillion this year. In […]

Atiku Slams Tinubu, Claims Fuel Subsidy Payments May Reach N5.4 Trillion in 2024

Contrary to President Bola Tinubu’s declaration in May 2023 that the fuel subsidy regime had ended, the Federal Government continues to make provisions for subsidy payments, according to Atiku Abubakar, the 2023 presidential candidate for the Peoples Democratic Party (PDP). Atiku criticized the current administration for allegedly continuing to pay fuel subsidies without public knowledge, […]

Assembly Seeks Probe of Former Kaduna Governor, El-Rufai, for Abuse of Office

An ad hoc committee of the Kaduna State House of Assembly has recommended the investigation and prosecution of former Governor Nasir El-Rufai for abuse of office and money laundering. The committee, chaired by Henry Zacharia, presented its report during a plenary session on Wednesday. According to the report, many loans obtained during El-Rufai’s administration were […]

U.S. Lawmakers Petition Biden for Binance Executive’s Release

Sixteen members of the United States House of Representatives have petitioned President Joe Biden, urging him to intervene in the case of Tigran Gambaryan, a detained Binance executive, and secure his return to the U.S. from Nigeria. Gambaryan was arrested by the Nigerian government in February and initially held at a guest house before formal […]

Naira Abuse: Absence of Defence Counsel Stalls Cubana Chief Priest’s Trial

The trial of Lagos-based socialite and celebrity barman, Okechukwu Pascal, popularly known as Cubana Chief Priest, was stalled today at the Federal High Court in Lagos due to the absence of his defense counsel. Okechukwu was arraigned by the Economic and Financial Crimes Commission (EFCC) on April 17, facing a three-count charge for allegedly spraying […]

NDIC to Repay Heritage Bank Customers Within One Week, Says MD

The Nigerian Deposit Insurance Corporation (NDIC) has announced that the repayment of depositors at Heritage Bank will begin by the end of this week. NDIC Managing Director Bello Hassan disclosed this during a briefing on the bank’s liquidation in Abuja on Wednesday. The liquidation process commenced after the Central Bank of Nigeria (CBN) revoked Heritage […]

Labour Rejects Insufficient Increase to ₦60,000 Minimum Wage

Organised Labour has firmly rejected any minor increase to the ₦60,000 minimum wage proposed by the tripartite committee. Trade Union Congress (TUC) President Festus Osifo made this clear on Channels Television’s Politics Today on Tuesday, shortly after the suspension of an industrial action that began at 12:01 am on Monday. “At the meeting on Friday, […]

Tinubu Directs Finance Minister to Draft New Minimum Wage Proposal

President Bola Tinubu has tasked the Minister of Finance, Wale Edun, with drafting a new minimum wage proposal. This directive came after a Federal Government delegation met with the President to discuss the new wage plan. “The President has instructed the Finance Minister to crunch the numbers and report back within a day or two, […]

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