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 […]
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 […]
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 […]
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 […]
President Tinubu approves FCT week
President Bola Tinubu has approved May 27 to June 6 as Federal Capital Territory Week for the inauguration of various projects executed under his administration. The Minister of FCT, Mr Nyesom Wike, confirmed this while inspecting some of the projects in preparation for inauguration to celebrate Tinubu’s one year in office. Wike said particularly on […]
President Tinubu approves InfraCorp for Green Zone
President Bola Tinubu has established a committee to oversee Green Economic Initiative, being a strategic move to ensure advancement of his administration to tackle challenges of climate change in Nigeria. The Presidential Committee on Climate Action and Green Economic Solutions, will coordinate and oversee all policies and programmes on climate action and green economic development, […]
US President blocks release of interview audio recordings
US President Joe Biden has blocked the release of audio recordings of his interviews from the investigation into his handling of classified files. A letter from the justice department yesterday to Republicans in Congress said Mr Biden had asserted executive privilege, and the recordings would not be released. Republicans had demanded the release of the […]
FG to open student loan portal on May 24
The Federal Government, through the Nigerian Education Loan Fund, has announced May 24, as the official date for “the opening of the portal for student loan applications.” The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this yesterday in a statement saying the opening of the portal marked a significant milestone in the commitment of […]
