The Nigerian Trade Union Congress(TUC) has called for the Urgent Implementation of Agreements, Especially on the Minimum Wage allocation in 2023 by the Federal Government. Mr Festus Osifo, TUC President, said this in a 2024 new year message jointly signed by Mr Nuhu Toro, Secretary General of the union on Wednesday in Abuja. The message…
The Federal Government through the Federal Competiton and Consumer Protection Commission (FCCPC) has plans to Tighten rules and regulations for Fintech digital lending services in year 2024. These regulations are meant to improve loan recovery methods in the country in the face of rising default rates. The Chief Executive Officer of the Commission, Mr Babatunde…
The Federal Government has appointed new directors across the agencies under the supervision of the Federal Ministry of Aviation. This was disclosed in a press release signed by the head of press, Federal Ministry of Aviation, Odutayo Oluseyi, on Thursday.Below are the appointed directors with their names and offices: Nigerian Meteorological Agency Nigeria Civil Aviation…
The Academic Staff Union of Universities (ASUU) has asked the federal government to convert the N50 billion budgeted for the students’ loan scheme into grants to students.President of ASUU, Prof. Emmanuel Osodeke, made the call during a television interview at the weekendOsodeke lamented the burden of paying back the loan in a country where jobs…
The Federation Account Allocation Committee (FAAC) has shared the sum of N1,088.783 trillion naira to the three tiers of government as Federation Allocation for the month of November.The amount was derived from a gross total of N1.62 trillion naira. The breakdown of the allocation shows that the Federal Government received N402.867 billion, the States received N351.697…
Barbara Bako, Abuja. The Federal Government is set to sell 40 per cent shares in five public enterprises, marking total privatisation of the firms through Initial Public Offer, IPO. Speaking on the plan to sell government’s 40 per cent stakes to public, Director – General of BPE, Alex Okoh listed the firms as Eleme Petrochemicals…
Barbara Bako, Abuja The Nigeria Sovereign Investment Authority (NSIA) has transferred the second Niger Bridge to the Federal government following its completion. The second niger Bridge, linking Southeastern Nigeria to other regions, was implemented through the Presidential Infrastructure Development Fund (PIDF), with NSIA acting as both Fund and Project Manager. While anouncing the transfer, The…
The Federal Government of Nigeria has increased import duty rate by as much as 22.24 percent, a development that may worsen the inflationary trend in the country. The increase which has happened to be the third this year, is expected to drive the cost of clearing a 40-foot container from N7.3 million to N8.9 million….
The Nigeria Labour Congress (NLC) is looking forward to negotiating a national minimum wage that will be “commensurate with the prevailing cost of living”, Labour leader Joe Ajaero has said. Ajaero said the Congress will be open to the establishment of a living wage that covered “the cost of living and make allowance for some…
After 10 years without electricity supply, the federal government has begun the construction of a 900kWp solar mini-grid in Rubochi town in Kuje Area Council, FCT. The standalone mini-grids are under the Korean Energy Project through the Rural Electrification Agency (REA). Speaking at the ground-breaking ceremony, the Minister of Power, Adebayo Adelabu, who was represented…
