Workers To Wait Long For New Minimum Wage Payment
One month after President Bola Ahmed Tinubu signed the N70,000 new National Minimum Wage Act, most states of the federation are yet to take serious measures to implement the law. Except for Adamawa State, which has implemented the law by paying its workers the national wage this month, the best a few other states have […]
Amid Hardship, CBN Governor, Deputies Get N10bn Bulletproof Suvs, Housing, Overseas Allowances
Amid Hardship, CBN Governor, Deputies Get N10bn Bulletproof Suvs, Housing, Overseas Allowances The Central Bank of Nigeria (CBN) has faced criticisms for its recent expenditures amounting to several billions of naira amid the economic challenges in the country. According to reports the CBN governor, Yemi Cardoso, and his four deputies have acquired armoured vehicles and […]
N70,000 Minimum Wage: NLC Issues FG Sept Ultimatum or Face Strike
The Nigeria Labour Congress (NLC) has given the Federal Government an ultimatum to implement the new minimum wage of N70,000 for civil servants by September 1st, a significant increase from the current wage. Failure to do so, the NLC has threatened to direct workers to down tools, crippling the country’s workforce. According to the viral […]
Economic hardship: Angry police operatives protest unpaid salaries for 11 months
Economic hardship: Angry police operatives protest unpaid salaries for 11 months A group of police officers under the banner of the Concerned Police Inspectors in Nigeria (CPIN) staged a peaceful protest in Uyo, the Akwa Ibom State capital, over the non-payment of 11 months’ salary arrears. The officers marched to the Correspondent Chapel of the […]
FAAC: FG, states, LGs share N1.35trn July 2024 revenue
A total sum of N1,358.075 trillion July 2024 Federation Accounts Revenue has been shared with the Federal Government, States and Local Government Councils in the country. The revenue distribution was announced at the August 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Abuja. In a statement on Friday, Bawa Mokwa, Director (Press and […]
First Bank sends important message to customers as Hacker Takeover GT Bank Website
As there are concerns that the domain of GTBank, one of Nigeria’s major financial institutions, may have been compromised by suspected cybercriminals, Firstbank of Nigeria has sent an important notice to her customers against hackers. This was revealed in a mail forwarded to customers by the bank. It reads, “Here are some useful tips to […]
Allocation: FG Reveals When Direct Payment To LG Accounts Will Begin
The Federal Government and state governors may have agreed to a three-month moratorium on Local Government autonomy, over concerns arising from its impact on salary payments and operational viability. The Supreme Court, on July 11, 2024, gave a landmark judgment affirming the financial autonomy of the 774 LGs in the country and ruled that governors […]
FLASH: Tinubu Cancels N40,000 Subsidized Rice for Civil Servants
President Bola Tinubu’s government has abruptly cancelled the sale of subsidized 50-kilogramme bags of rice to civil servants for N40,000 each. The withdrawal was announced in a circular on August 2, just a day after the offer was made, and coincides with the ongoing #EndBadGovernance protests across the country. The Ministry of Special Duties […]
CBN Merges Two Popular Banks To One, gives Guidelines (See Their Names)
The Central Bank of Nigeria (CBN) on Tuesday gave a nod to what it called a pivotal financial accommodation to support the proposed merger between Unity Bank and Providus Bank. It was gathered that two former military heads of states and an ex-president threw their influence behind the two ailing commercial banks. Although yet to […]
FG Gives Update on Cheap Rice
The Federal Government has concluded plans to sell a 50kg bag of rice at N40,000 to public servants with a view to alleviating the food crisis in the nation and its effects on Nigerians. This was disclosed in a letter from the Federal Ministry of Special Duties and Inter-governmental Affairs, which was signed by the […]