CBN raises Interest Rate from 24.75% to 26.25%
The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate for the third straight time by 150 basis points from 24.75 per cent to 26. 25 per cent. The CBN Governor Yemi Cardoso who is also the Monetary Policy Committee (MPC) chairman said the committee at its 295th meeting retained the Cash Reserve […]
Labour rejects N54,000 New minimum wage offer
Ongoing negotiations on new minimum wage has been adjourned till today Wednesday after the organised labour rejected the new minimum wage proposal by the Federal Government. Government upped its offer from its earlier proposed N48,000 to match the N54,000 proposed by the Organised Private sector last week, but a highly reliable source who attended the […]
Top court bars ex-President Zuma from South African election
South Africa’s highest court has barred former President Jacob Zuma from running for parliament in next week’s general election. The Constitutional Court ruled that his 15-month prison sentence for contempt of court disqualified him. Mr Zuma who has been campaigning under the banner of the newly formed uMkhonto weSizwe (MK) party after falling out with […]
Lagos to reduce the cost of internet connectivity
The Lagos State ministry of Innovation, Science and Technology, says the Science Research and Innovation Council (LASRIC) had provided eight hundred million naira in grants for over sixty startups and more than fifty research projects. The state commissioner, Mr Tunbosun Alake who disclosed this yesterday also revealed that the state is working at reducing the […]
Lagos RRS Police begins 24-hour bike patrol
The Rapid Response Squad (RRS) of the Police Command in Lagos State have begun a 24-hour bike patrol on the Third Mainland Bridge in Lagos. Its Commander, CSP Olayinka Egbeyemi, in a post it shared yesterday on its official X handle @rrsLagos767 directed the squad’s motorcycle riders to begin a 24-hour patrol on the Third […]
NAFDAC alerts public, as Europe recalls ‘Caro White’ from Nigeria
The National Agency for Food and Drugs Administration and Control (NAFDAC), has issued a public notification regarding the recall of Caro White Skin Lightening Beauty Lotion by the European Union (EU) Rapid Alert System for Dangerous Non-Food Products. A statement on its website, said the product failed to comply with the Cosmetic Products Regulation due […]
Labour unions agree to attend Tuesday talks with FG over new minimum wage
The Organised Labour has reiterated its May 31, 2024 ultimatum to the Federal Government to meet all of its demands, which includes implementation of a new national minimum wage and reversal of the hike in electricity tariff. The position was contained in a communique issued at the end of a joint emergency National Executive Council […]
Iran’s President Raisi involves in an accident
A helicopter carrying Iran’s President Ebrahim Raisi and Iranian Foreign Minister Hossein Amir-Abdollahian has been involved in an accident. State media reports say Raisi was heading to the city of Tabriz, in the north west of Iran, after returning from an Iran-Azerbaijan border area. According to local media, the Bell 212 helicopter – one of […]
Attempted coup in the DR of Congo halted
The Democratic Republic of Congo army says it has quashed an attempted coup against President Felix Tshisekedi in the capital Kinshasa involving Congolese and foreign fighters. DR Congo army spokesperson Brig Gen Sylavin Ekenge several suspects have been detained and the “situation is now under control”. His statement comes hours after Witnesses say a group […]
NCC temporarily suspends issuance of license
The Nigerian Communications Commission (NCC) says it has temporarily suspended the issuance of new licenses in some categories. The commission said the categories included interconnect exchange license, mobile virtual network operator license and value-added service aggregator license. The Director of Public Affairs, NCC, Dr Reuben Muoka, in a statement in Abuja said the temporary suspension […]
