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Monthly Archives: September 2018

Minimum wage: Presidency names Oct 4 as new meeting date

Presidential spokesman, Garba Shehu, on Friday met with the President of the Nigeria Labour Congress (NLC) Ayuba Wabba, as part of efforts to convince organised labour to call off their industrial action. Shehu was at headquarters of the NLC in Abuja where he urged the labour unions to see reasons and call off the strike. The presidential aide, who issued ... Read More »

Forex inflow drops by $3.73bn in one month

The Nigerian economy recorded a total foreign exchange inflow of $6bn in the month of July this year, figures obtained from the Central Bank of Nigeria have shown. The inflow of $6bn when compared with the $9.73bn recorded in June this year represents a decline of $3.73bn. The $3.73bn based on analysis represents a 38.34 per cent decline during the ... Read More »

SERAP tells FG to channel corrupt money into funding minimum wage

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “intensify his government’s crackdown on corrupt money and recovery of other illicit wealth by public officials and institutions to fund the proposed N65,000 national minimum wage by the Nigerian Labour Congress (NLC), if he is to fulfil the needs of ordinary Nigerians who continue to struggle to ... Read More »

Maritime stakeholders battle shipping of counterfeit goods

Representatives of the maritime industry have developed a set of best practices to reduce the volume of counterfeits shipped around the globe through checks on their customers and supply chains. The recommended best practices were developed as part of the on-going collaboration of signatories to the ‘Declaration of Intent to stop the Maritime transport of counterfeits’ (DOI)—a joint effort between ... Read More »

Strike will hinder workers’ salaries payment- AGF

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, has warned that continued labour unrest in the country would deny workers their salaries. According to a statement issued last night and signed by Ifeanyi Okereke, Head of Press and Public Relations, OAGF, Mr. Ahmed Idris said that “The payment of salaries cannot be achieved in an atmosphere where the critical ... Read More »

FG declares Monday public holiday

The Federal Government has declared Monday, October 1st, 2018 as public holiday to commemorate Nigeria’s 58th Independence Anniversary. The federal government made the declaration in a statement issued by the Minister of Interior, retired Lt.-Gen. Abdulrahman Dambazau, on Thursday in Abuja. The statement was signed by the Permanent Secretary of the Ministry of Interior, Dr Mohammed Umar. Dambazau, who congratulated ... Read More »

Osun rerun: Collation of results begins

Thursday’s rerun election in some areas in Osun State is gradually coming to an end as collation of results has commenced. As at press time, results are being gathered and announced in different polling units and collation centers in the state. The supplementary election is between the candidates of the All Progressives Congress, APC, and that of the Peoples Democratic ... Read More »

Oliseh, Yobo consider Eagles return

Former Super Eagles captain Sunday Oliseh has cosigned the convergence of ex-Eagles players for the purpose of integrating former internationals in the administration of the team among other things. Oliseh, who also served as Coach of the Eagles for a short spell, joined former teammates, Ifeanyi Udeze and Joseph Yobo, to initiate the long overdue sit-down among players of Nigeria’s ... Read More »

First modular refinery to process 10,000bpd crude from Nov

The Federal Government on Wednesday disclosed plans to unveil the first modular refinery in the country in the first week of November. The refinery, owned by Niger Delta Petroleum Resources, in Ogbele, Rivers State, is expected to refine 10,000 barrel of crude oil daily. The Senior Special Assistant to the President on Niger Delta, Mr Edobor Iyamu, stated this in ... Read More »

2018 Budget: DMO makes N96.7bn from September bond auctions

The Debt Management Office (DMO), says, as part of activities for raising capital for the 2018 budget, the Federal Government raised N96.7 billion at its bond auction on Wednesday. A statement obtained from the DMO website in Abuja, said at the auction the DMO offered bonds in three tenors of five, seven and 10 years. It said investors had a ... Read More »