Minimum Wage: TUC asks FG to pay FAAC allocations of defaulting States to workers

…Says current minimum wage of N30, 000 unsustainable The Trade Union Congress, (TUC), has asked the Federal Government to pay the Federation Account Allocation Committee (FAAC) allocations of defaulting States to workers. TUC President, Festus Osifo, who stated this in an interview during a television programme, said the union is designing a clause in the framing of a new minimum wage that will sanction state governments who fail to pay the revised minimum wage when approved. He said, “We are designing a system as part of this new minimum wage…

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Detained Binance executive drags EFCC, NSA to court

The detained Binance executive, Tigran Gambaryan, has accused the National Security Adviser, (NSA), Nuhu Ribadu, and the Economic Financial Crimes Commission, (EFCC), of violating his fundamental human rights. Gambaryan, in an originating motion marked: FHC/ABJ/CS/356/24 sought a declaration that his detention and seizure of his international travel passport, contravened Section 35 (1) and (4) of 1999 Constitution. He urged the court to order the NSA and the EFCC to release him from their custody and return his international travel passport with immediate effect. Gambaryan also sought an order of perpetual…

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Delta Killings: Army declares Prof., 7 others ‘wanted’ 

The Nigerian Army yesterday declared eight persons wanted in connection with the killing of 17 officers and soldiers of the Nigerian Army in Okuama, Delta State. The Army, in an update posted on its official page on X, identified the suspects as Prof Ekpekpo Arthur, Reuben Baru, Alevwru Daniel, Akata Malawa David, Andaowe Deniss Bakriri, Igboli Ebi, Sinclear Oliki, and Clements Ikolo Oghenerukevwe. Recall that the Chief of Defence Staff, General Christopher Musa, has vowed that those behind the death of military personnel in Delta would be hunted down. This is…

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Nigeria’s Economic Challenge: “The worst is over” – Shettima 

Vice-President, Kashim Shettima, has assured Nigerians that the worst is over in the economic challenges bedevilling the nation. Shettima, who gave the assurance at the official launch of the National Design and Innovation Competition at the Presidential Villa, Abuja, noted that Nigeria’s youthful population, with an average age of just 19 years old, “is an age group that is pregnant with ideas for innovation and for the social and economic transformation of Nigeria”, adding that, “Innovation drives manufacturing and Nigeria is brimming with possibilities and opportunities”. He pledged the federal…

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US Dollar falls to N1,280 on black market on CBN policies

The naira has continued to appreciate as the US dollar is currently selling at N1,280 on the parallel market, following the recent foreign exchange (FX) policy measures of the Central Bank of Nigeria, (CBN). With the current rate, the Naira has gained 2.34 percent of its value against the dollar in less than one day, from N1,310 the closing rate for Wednesday. When compared to the level on February 20, 2024, the naira has gained 42.58 percent of its value against the dollar from the lowest of N1,825/$ on the…

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Nigeria’s public debt stock hits N97.34tr in Q4 2023 – NBS

…Lagos, Delta, Kaduna tops list The National Bureau of Statistics, (NBS), says Nigeria’s public debt stock rose from N87.91 trillion ($114.35 bn) in the third quarter of 2023 to N97.33 trillion ($108.23 bn) in the fourth quarter of 2024. According to the latest domestic and foreign debt report published by the NBS, Lagos State has the highest debt record in both domestic and foreign or external debt among the 36 States and the Federal Capital Territory, (FCT), at the end of the fourth quarter (Q4) 2024. However, a breakdown of…

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“Give us chairmanship position” – N’Central APC Chieftains appeal to Tinubu

Leaders and chieftains of the All Progressive Congress (APC) from the North-Central region have called for the zoning of the National Chairmanship position of the party to the region. The leaders said the region deserves the position due to its formidable contributions to the development of the party and the unique backing to the administration of President Bola Tinubu. The call, which was made at their meeting, held via Zoom yesterday, also had in attendance leaders of the North-Central APC Forum, as well as other party stalwarts and pressure groups…

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Ɗangote budgets N15bn for food intervention across Nigeria

The Aliko Ɗangote Foundation, (ADF) has flagged-off the distribution of over 1,000,000, (One million) bags of 10kg rice across all the 774 local governments in Nigeria in Kano and Lagos respectively. President of Ɗangote Group, Aliko Ɗangote, who is also the Chairman of ADF, was present at both the flagging-off ceremony in Kano and Lagos. At the flag-off ceremony in Kano, where 120,000 bags of 10kg rice were distributed, Ɗangote, said he has resolved to do all within his powers to assist the Government in alleviating poverty in Nigeria. Also,…

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