Year: 2024
Lagos State Government Doubles Minimum Wage for State Workers
In a significant move aimed at improving the welfare of civil servants in Lagos State, Governor Babajide Sanwo-Olu has announced a doubling of the minimum wage. Effective immediately, the minimum wage for Lagos state workers has been increased from 35,000 Naira to 70,000 Naira. The announcement comes as welcome news to thousands of workers across…
Ogun State Government Expresses Condolences to Victims of Ado Odo/Ota Rainstorm Destruction
Following the devastating effects of Sunday’s rainstorm in parts of Sango, Ado Odo/Ota Local Government Area of Ogun State, the state government has extended its sympathies to affected residents. The rainstorm resulted in the destruction of property and infrastructure in various communities. In a statement signed by the Special Adviser on Media, Hon. Kayode Akinmade,…
National Council on Privatisation Receives Recommendations for Restructuring Bank of Agriculture
The National Council on Privatisation (NCP) has received crucial recommendations from its committee tasked with the restructuring of the Bank of Agriculture (BOA). These recommendations aim to address various challenges facing the bank and revitalize its operations to better serve the agricultural sector. Among the key recommendations put forward by the committee are: The recommendation…
Police Apprehend Notorious Car-Snatching Syndicate, Recover Twelve Stolen Vehicles
In a significant breakthrough, the police command has successfully apprehended a notorious car-snatching syndicate operating in the Warri and Sapele areas. The syndicate, comprised of three individuals, has been identified as specialists in the illicit activity of stealing cars and altering vehicle identification details to evade detection. The suspects, whose identities have not been disclosed…
MRS Oil Slashes Diesel Prices Amidst Industry Shift
In a significant move that is set to impact the fuel market across Nigeria, MRS Oil Nigeria, under the leadership of Sayyu Dantata, has announced a drastic reduction in the price of Diesel Automotive Gas Oil (AGO) at all its retail outlets nationwide. The company has taken the bold step to sell diesel at the…
Nigerian Consumer Credit Corporation Launches Online Portal for Consumer Credit Applications
The Nigerian Consumer Credit Corporation (CREDICORP) has unveiled an online portal to facilitate consumer credit access for Nigerians, aligning with the President’s directive to expand credit availability across the country. The newly launched portal, accessible at credicorp.ng, provides a platform for working Nigerians to register their interest in obtaining consumer credit. This initiative, implemented in…
EFCC Hands Over 14 Forfeited Properties to Enugu State
In a significant move aimed at fostering cooperation between the federal government and state governments, the Economic and Financial Crimes Commission (EFCC) has handed over 14 forfeited properties to the government and people of Enugu State. The ceremony, which took place on Wednesday, April 24, 2024, saw the Executive Chairman of the EFCC, Mr. Ola…
Federal Government Cancels 924 Inactive Mining Licenses to Enhance Industry Transparency
In a bid to bring greater transparency to Nigeria’s mining sector, the federal government has made the decision to cancel 924 inactive mining licenses across various sectors including exploration, mining, small-scale mining, and quarrying. The announcement was made by Mr. Dele Alake, the Minister of Solid Minerals Development, during a press conference held on Wednesday….
Significant Surge in e-Payment Transactions Recorded in Nigeria in Q1 2024
The digital payment landscape in Nigeria witnessed a remarkable surge in the first quarter of 2024, with electronic payment transactions reaching a staggering N234 trillion. This substantial figure represents an impressive 89.3% increase compared to the N123.8 trillion recorded during the same period in 2023. Data released by the Nigeria Inter-Bank Settlement System (NIBSS) revealed…
Governor of Rivers State, Sir Siminalayi Fubara, Announces Cabinet Reshuffle
In a bid to enhance administrative efficiency and effectiveness in Rivers State, His Excellency, Governor Sir Siminalayi Fubara, GSSRS, has approved a minor cabinet reshuffle, as announced by Dr. Tammy Wenike Danagogo, Secretary to the Rivers State Government. The reshuffle involves the reassignment of two key positions within the state government: Both officials are directed…