The Federal Government has announced its readiness to pay a minimum wage exceeding N60,000, urging organized labor to accept the offer. The figure was disclosed by the government late Monday after a meeting with the Nigeria Labour Congress NLC and its counterpart, the Trade Union Congress TUC at the Office of the Secretary to the…
The inauguration and retreat for the governing councils of Nigeria’s tertiary institutions, initially scheduled for May 30th and 31st, 2024, have been postponed by the Federal government. The education ministry spokeswoman, Folasade Boriowo, announced this in a statement on Monday. The federal government had earlier announced the constitution of the governing councils, and their inaugurations…
Barbara Bako, Abuja. A total sum of N1,208 trillion has been shared to the Federal Government, States and Local Government Councils in the country by the Federation Account Allocation Committee (FAAC) for April 2024. The revenue was shared at the May 2024 meeting of the FAAC, held in Abuja. A communiqué issued by the Federation…
The International Monetary Fund (IMF) has advised the Federal Government to reconsider the proposed amendment to the Central Bank of Nigeria (CBN) Act, advocating instead for measures to strengthen the central bank. The position of the Fund was contained in the Article IV Staff Consultation Report of the Board of Governors of the global organization,…
The Federal Government under President Bola Ahmed Tinubu has vowed to expose and flush Nigerians parading fake certificates. Tahir Mamman, the minister of education, spoke in Abuja on Friday when he received the report of an inter-ministerial investigative committee on degree certificate milling. On January 9, the minister inaugurated the committee chaired by Jubrila Amin,…
The Federal Government has approved 25 per cent and 35 per cent salary increase for civil servants on the six Consolidated Salary Structures, an official said on Tuesday. The salary increase is, however, separate from that being discussed at the ongoing negotiation between the government and labour unions following the removal of subsidy on petrol…
The Federal government under President Bola Ahmed Tinubu has released a sum of N90 billion to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia. Recall that the NAHCON had, in December last year, fixed a fare of N4.9 million per pilgrim based on the exchange rate of N897 to a dollar. In announcing…
The Nigerian government has filed tax evasion charges against cryptocurrency company, Binance, After it was confirmed that one of its executive Nadeem Anjarwalla escaped from custody. The charges, filed at the Federal High Court in Abuja, were announced on Monday by the Federal Inland Revenue Service, FIRS. The lawsuit, designated as suit number FHC/ABJ/CR/115/2024, implicates…
The Nigeria Customs Service said it was directed by the Minister of Economy and Coordinating Minister of Finance, Mr Wale Edun, to suspend the 25 per cent penalty on improperly imported vehicles. The service National Public Relations Officer of the service, Abdullahi Maiwada, announced this in a statement on Friday The Federal Government had recently…
The Federal Government has commenced the payment of the withheld salaries of academics under the aegis of the Academic Staff Union of Universities. Multiple sources in the academic sector confirmed the development to our correspondent in Abuja on Monday. The chairperson of ASUU at the Federal University of Technology, Minna, Prof. Gbolahan Bolarin, who confirmed…
