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In response to recent directives from the Central Bank of Nigeria (CBN), leading financial services company OPay has sent reassuring messages to its customers regarding the safety of their funds. The fintech giant, which has emerged as one of Nigerians’ preferred banks amid increasing e-transactions, operates as a licensed mobile money operator under the guidelines…
In a significant turn of events, the Economic and Financial Crimes Commission (EFCC) and socialite Cubana Chief Priest have reached an agreement for an out-of-court settlement regarding alleged naira abuse charges. The high-profile case unfolded at the Federal High Court in Ikoyi, Lagos, where Pascal Okechukwu, famously known as Cubana Chief Priest, appeared to continue…
In a bid to tackle the growing insecurity in Benue State, Governor Hyacinth Alia has announced plans to establish a 10,000-person security force. The governor made this revelation during an expanded stakeholders meeting of the All Progressives Congress (APC) held at the Government House in Makurdi. Governor Alia emphasized that the establishment of this security…
In a recent interview with Channels Television, Trade Union Congress (TUC) President Festus Osifo challenged the notion that raising the minimum wage for public employees would exacerbate inflationary pressures. Osifo argued that the significant increase in revenue allotment to states since May 2023 provides a solid justification for hiking the minimum wage. Osifo pointed out…
NLC President Calls for N615k Living Wage Amidst FG’s Pay Rise Controversy Joe Ajaero, President of the Nigeria Labour Congress (NLC), has criticized the Federal Government’s recent approval of a 35% pay increase for civil servants, describing it as “mischievous.” Ajaero insists that a living wage of N615,000 is more appropriate for workers. During an…
During the May Day celebration in Abuja, State Labor Minister Nkeiruka Onyejeocha assured Nigerian laborers that the new minimum wage would take effect on May 1, 2024, despite ongoing negotiations by the Tripartite Committee on National Minimum Wage. Addressing the audience on Wednesday, Minister Onyejeocha acknowledged that extensive consultations are still underway to finalize the…
The Nigerian House of Representatives has directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the implementation of the recently announced tariff hike. Additionally, the House demanded the suspension of additional requirements outlined in the Multi-Year Tariff Order review. To address concerns over the pricing regulation of the Nigerian Electricity Supply Industry (NESI), the House…
Following a two-week recess for Easter and Sallah celebrations, the Nigerian Senate reconvened for plenary, only to be met with a tumultuous session marked by a heated dispute among three senators over seating arrangements in the recently refurbished Hallowed Chamber. The atmosphere initially buzzed with excitement as senators gathered in the newly renovated chamber for…
The National Drug Law Enforcement Agency (NDLEA) has achieved a significant victory in its fight against drug trafficking with the sentencing of Uwaezuoke Ikenna Christian and Agbo Chidike Prince to life imprisonment. The two notorious drug kingpins, responsible for smuggling cocaine across continents, will now face the consequences of their illicit activities behind bars. Uwaezuoke…
The Nigeria Football Federation (NFF) has announced Finidi George as the new head coach of the Super Eagles, following a recommendation from the Technical and Development Committee. George, a former Nigerian international with 62 caps to his name, brings a wealth of experience to the role, having served as assistant coach under José Santos Peseiro…