The federal government recently inaugurated a 37-member tripartite national minimum wage committee with a directive to ensure that their decisions are rooted in social justice and equity. That, in our view, is noble even if naïve. Furthermore, the committee was ...
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Feed SubscriptionRelief For Banks As CBN Stops Daily CRR Deductions
…Experts say move will increase banks’ lending Commercial banks in the country are heaving a sigh of relief as the Central Bank of Nigeira (CBN) reversed to its old ways of calculating and deducting cash reserve requirement (CRR), a move that analysts ...
Read More »Royal Academy Prize For Engineering Innovation Invests Over £1 Million For African Innovators
…celebrates 10th anniversary of prestigious Africa Prize for Engineering Innovation with medal award …over £1 million, being invested in African innovators solving key development challenges on the continent …Africa Prize has supported almost 150 entrepreneurs across 23 African countries, generating ...
Read More »Again, Student Loan Misses January Deadline
Disappointment has continued among students and parents over the delayed launch of the student loan scheme, despite assurance from the federal government that it will commence disbursement of the education loans in January 2024. The student loan, which was anticipated ...
Read More »CBN’s Takeover Of Sales Proceeds From NNPCL Illegal – Atiku
Former vice president Atiku Abubakar has said the directive by the federal government for the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales proceeds from the Nigerian National Petroleum Company Limited (NNPCL) is not ...
Read More »Why Civilians Need Firearms — Ned Nwoko
The lawmaker representing Delta North Senatorial District, Ned Nwoko, has explained the logic behind his call for the introduction of a Bill that allows civilians to own and carry firearms. Speaking on Arise TV’s ‘The Morning Show’ on Thursday, he ...
Read More »After Clearance Of Foreign Airlines Trapped Funds, Travel Agents Demand Lower Air Fare
After the Central Bank of Nigeria (CBN) released outstanding backlogs of $64.44 million of foreign airlines trapped funds, the National Association of Nigerian Travel Agents (NANTA), on Thursday, called for opening of lower inventories in order to reduce ticket fare ...
Read More »50 Per Cent Of Nigerians Seeking Asylum In Belgium Are From Edo, Lagos’
The Directorate General, Immigration Office, Belgium, Mr. Freddy Roosemont, has disclosed that approximately 30 percent of Nigerian migrants seeking asylum in the country are from Edo State. Roosemont, who made the disclosure on Wednesday in Benin City during a press ...
Read More »Bears Dominate NGX, Market Cap Drops By N1.07trn As Investors Sell-Off
The Nigerian Exchange Limited (NGX) witnessed a bearish trend on Wednesday, with market capitalization dropping by N1.07 trillion. Specifically, the market capitalization closed at N55.357 trillion, representing a 1.89% decrease from N56.425 trillion recorded on Tuesday. Similarly, the NGX All-Share ...
Read More »Universal Music Threatens To Pull Songs From TikTok Over Pay Dispute
Universal Music Group (UMG), home to artistes like Taylor Swift and The Weeknd, threatened Tuesday to pull its music from TikTok after talks over licensing and artist compensation broke down. The decision, announced in an open letter on Tuesday, stems ...
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