We’ve saved over N1trn in two months of petrol subsidy removal, says Tinubu
President Bola Tinubu says the federal government has saved N1 trillion in two months in funds that would have been used for the payment of petrol subsidy. Speaking in a nationwide broadcast on Monday, Tinubu said the revenue saved will be used for the benefit of Nigerians. On May 29, Tinubu, in […]
FG, labour to determine new minimum wage for workers, says Tinubu
President Bola Tinubu says the federal government and the labour unions are working to determine a new minimum wage threshold for Nigerian workers. According to Tinubu who spoke in a national broadcast on Monday, the federal government would make budgetary provisions for the implementation of the new minimum wage as soon as an […]
Naira slides further, exchanges for N871/$ at parallel market
The Nigerian naira, on Monday, weakened to N871 per US dollar at the parallel section of the foreign exchange (FX) market. The figure represents a depreciation of N6 or 0.7 percent compared to the N865/$ it traded last week. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable […]
FG, labour unions meet in Aso Rock amid looming strike
The Presidential steering committee on palliatives, comprising the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), and government representatives, is currently meeting at the chief of staff conference hall in Aso Rock, Abuja. The meeting comes amid threats of a nationwide strike by the NLC over the gruelling economic hardship that followed […]
Lagos-owned transport services to drop fares by 50% — danfos to cut by 25%
Babajide Sanwo-Olu, governor of Lagos state, has announced a 50 percent reduction in the fares charged by all state-owned transport services. Speaking at a press briefing on Monday in Ikeja, Sanwo-Olu said the fares reduction would commence on August 2. The governor said the state government has agreed with transporters in the […]
‘It’ll hurt the system’ — senate moves to avert planned strike by NLC
The senate has resolved to meet with the leadership of the Nigeria Labour Congress (NLC) to shelve the impending strike on the petrol subsidy removal and continue negotiations with the federal government. On Wednesday, NLC issued a seven-day ultimatum to the federal government to reverse all “anti-poor” and “insensitive” policies. The labour body […]
NLC strike, CBN probe… 7 business stories to track this week
Here are the seven top business stories you need to track this week — July 31 to August 4. NLC PROTEST The Nigeria Labour Congress (NLC), last week gave the federal government a seven-day ultimatum to reverse all “anti-poor” and “insensitive” policies. The policies, according to the union, include the recent […]
Newspaper Headlines: Tinubu, Obi, Atiku to adopt final addresses at tribunal on Tuesday
Reports on the insistence of the Nigeria Labour Congress (NLC) to proceed on a nationwide protest and strike, over the hardship caused by the removal of subsidy on petrol, dominate the cover pages of the newspapers. Source: Top Stories
Lagos confirms six cases of anthrax disease, burns infected animals
The Lagos state government says six animals in the state have been confirmed to have anthrax disease. Anthrax is an infection caused by the spore-forming bacteria, Bacillus anthracis. It typically affects ruminants such as cows, sheep, and goats. It is a zoonotic disease — transmissible from contaminated animals to humans. Humans […]
ECOWAS threatens force, gives 7-day ultimatum for return to democracy in Niger
The Economic Community of West African States (ECOWAS) has announced a one-week ultimatum for coup plotters in Niger to hand over power to the democratically elected government. The decision was made following an extraordinary session of the ECOWAS member states on Sunday, presided over by President Bola Tinubu, its chairman, in Abuja. […]