Be the first to know the latest updates
The Central Bank of Nigeria, CBN has raised its benchmark interest rate, the Monetary Policy Rate MPR to 22.75 per cent. This represents 400 basis points from the current 18.75 percent. CBN Governor, Mr. Olayemi Cardoso disclosed this at the end of the Monetary Policy Committee, MPC meeting held in Abuja today. Recall that […]
Former Kaduna Senator Shehu Sani has issued a stern warning to President Bola Tinubu regarding the looming specter of job losses in the federal civil service as a result of the full implementation of the Oronsaye report. Tinubu recently mandated the complete execution of the report from the Presidential Committee on the Rationalisation and Restructuring […]
The Federal Ministry of Information and National Orientation has disclosed the list of government agencies to be affected by the forthcoming implementation of the Stephen Orosanye report. 1. National Salaries, Income and Wages Commission will be absorbed into the Revenue Mobilisation and Fiscal Commission, pending constitutional amendment by the National Assembly. 2. The Infrastructure Concession […]
The Nigerian Labour Congress (NLC) kicks off a two-day nationwide protest today, February 27, 2024, following unsuccessful negotiations with the Federal Government. A government delegation, led by George Akume, engaged with NLC and Trade Union Congress (TUC) leaders on Monday night, but talks ended without resolution. NLC President Ajaero emphasized the peaceful nature of the […]
In a late-night meeting between the Federal Government and Organised Labour, held at the State House in Abuja, negotiations hit a deadlock on Monday evening. “The rally goes on and it is part of their constitutional responsibility to ensure that the rally is peaceful,” declared Joe Ajaero, President of the Nigeria Labour Congress (NLC), following […]
The Federal Ministry of Works has declared a total closure of the Third Mainland Bridge for 24 hours to facilitate essential repair works. This closure, slated to commence from 12 noon on Wednesday, February 28, to 12 noon on Thursday, February 29, 2024, will impact both bounds of the carriageways. The announcement was made by […]
The youth wing of Ohanaeze Ndigbo has issued a stern warning to the Nigeria Labour Congress (NLC), urging them not to bring their planned nationwide protest to Igbo land. This comes amidst growing tensions over the NLC’s scheduled protests on February 27 and 28 to address the country’s prevailing hardships. According to Mazi Okwu Nnabuike, […]
In a tragic turn of events, seven individuals have been reported dead following a fierce clash between rival cult groups in the North Bank suburb of Makurdi, Benue State. Eyewitnesses described the severity of the clash, which led to the closure of nearby markets out of fear for safety. The confrontation is said to have […]
President Bola Tinubu has announced plans to implement the Stephen Oronsaye report, aimed at creating a leaner government by merging and scrapping numerous government agencies. Presidential spokesperson Bayo Onanuga confirmed the president’s decision, stating that after twelve years since the submission of the Oronsaye panel report and the subsequent issuance of a white paper two […]
President Bola Tinubu has officially launched an Economic Advisory Committee, consisting of eminent figures in the economic sector, such as Aliko Dangote and Tony Elumelu. The committee’s primary objective is to assist the Tinubu administration in addressing the various economic challenges confronting the nation. During the inauguration, President Tinubu tasked the committee with formulating a […]
