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ECONOMY
GTB Probe: 10 Rep Members Move Against Segun Agbaje, Write CBN, Seek Suspension, Probe
10 Members of the House of Representatives, under the aegis of Concerned Lawmakers for Economic Stability (CLES) have written to the Central Bank of Nigeria, CBN calling for thorough investigation, audit of GTBank over allegations…
N1trn Profit: Youth Groups Back Reps, Demand Agbaje’s Suspensions, Probe of of GTB
Ethnic Youth Leaders Council of Nigeria has thrown its weight behind the move by the House of Representatives to probe the management of Guarantee Trust Bank (GTB) over alleged of fictitious N1 trillion profit and unwarranted…
September Salary: Federal Workers Receive N70,000 New Minimum Wage
Federal Civil servants in Nigeria have started receiving the new minimum wage of based on N70,000.
The receipt of the new increment was confirmed by both the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC).
Confirming…
REVEALED: Fed Govt to Implement N70,000 Minimum Wage From July 2024
The Federal Government has revealed that the much expected implementation of the N70,000 new minimum wage will be back-dated to July 2024.
The revelation was made by the Committee on Consequential Adjustments in Salaries for civil…
Tinubu Has Not Asked CBN Governor to Resign
The presidency has debunked the rumour that President Bola Tinubu has asked the governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso to resign over the mismanagement of the economy
The Special Adviser to the President on…
Federal Allocation Drops as FG, States, LGAs Share N1.22Trillion for August
The Federal Accounts Allocation Committee (FAAC) has disbursed N1.2 trillion as allocation for the three tiers of government for the month of August.
The revenue distribution was revealed at the September 2024 FAAC held in meeting held…
NNPCL to Sell Dangote Petrol N950 in Lagos, N960 in South, N1,019 in Far North
The Nigerian National Petroleum Company Limited (NNPCL) has finally fixed the pump price of petrol that it started loading from the Dangote Refinery, Lagos on Sunday.
The NNPCL fixed the price of the product between N950 in…
Arrest of Joe Ajaero: We’ve Place Wokers on Alert Nationwide- NLC
The Nigeria Labour Congress (NLC) has placed all affiliate unions in the labour movement on red alert over the abduction of its National President, Comrade Joe Ajaero.
In a statement posted on the official X handle of the NLC, it…
We Didn’t Promise NLC that We’ll Not Increase Fuel Price- FG
The Presidency has clarified that President Bola Tinubu did not promise the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) that his administration would not raise the pump price of fuel.
On Tuesday, Abdulaziz…
CBN Lifts Suspension on Bank Borrowing,Set Lending Rate At 31.75%
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the lending rate at 31.75 percent, following decisions made at the 296th Monetary Policy Committee…