EFCC Launches Investigation into Former Governor El-Rufai Over Alleged N423 Billion Fraud
Abuja, Nigeria — June 10, 2024 — The Economic and Financial Crimes Commission (EFCC) has initiated an extensive investigation into former Kaduna State Governor Nasir El-Rufai and several key figures in his administration over allegations of mismanaging N423 billion. This probe follows a petition submitted by a non-governmental organization (NGO) and corroborated by a report…
FAAC Distributes N1.143 Trillion Among Federal, State, and Local Governments in May 2024
— In a recent financial update, a total of N1.143 trillion from the Federation Accounts Revenue has been allocated to the Federal Government, States, and Local Government Councils for the month of May 2024. This was disclosed in a press release by Bawa Mokwa, Director of Press and Public Relations at the Office of the…
Nigerian Petrol Smuggled into West African Markets Now Selling for N1,700 per Litre
— The Federal Government has raised alarms over the resurgence of petrol smuggling activities, attributing the uptick to the substantial price disparity between Nigeria and its neighboring countries. Currently, smuggled Nigerian petrol is being sold for as much as N1,700 per litre in West African markets. During a press briefing in Yola, the Comptroller-General of…
24 Senators in 10th National Assembly Yet to Introduce Any Bills in One Year
Abuja, Nigeria — June 10, 2024 — As the 10th National Assembly approaches its one-year anniversary since inauguration, it has been revealed that 24 out of the 109 senators have not introduced any bills during this period. The Senate, inaugurated on June 13, 2023, has seen the remaining 85 senators sponsor at least one bill…
Gov. Babajide Sanwo-Olu Elected as New Chairman of South West Governors’ Forum
Lagos, Nigeria — June 10, 2024 — The South West Governors’ Forum concluded its meeting today at Lagos House, Alausa, Ikeja, with Governor Babajide Sanwo-Olu elected as the new Chairman. The meeting, which focused on key issues affecting the region, resulted in several important resolutions aimed at fostering development and prosperity. Governor Sanwo-Olu, in his…
Nigerian Imports Surge to ₦12 Trillion in Q1 2024, Fuel and Food Items Lead
June 10, 2024 — Nigeria’s total imports in the first quarter of 2024 have skyrocketed to ₦12.64 trillion, marking a significant 39.65% increase from ₦9.05 trillion in the last quarter of 2023, and a staggering 95.53% rise from ₦6.47 trillion in the first quarter of 2023. This surge highlights a sharp escalation in the nation’s…
Nigerian Army Troops Deal Heavy Blow to Terrorists in Kaduna and Niger States, Neutralize 4 and Recover Arms
June 10, 2024 — In a series of recent counter-terrorism operations, troops of the Nigerian Army have delivered a significant setback to terrorists operating in Kaduna and Niger States, successfully neutralizing four terrorists and recovering a cache of arms and ammunition. In Kaduna State, acting on actionable intelligence, the troops conducted clearance operations around the…
NLC President Ajaero Clarifies Position on Minimum Wage Dispute, Rules Out Immediate Strike
June 10, 2024 — The Nigeria Labour Congress (NLC) has announced that there will be no strike action scheduled for Tuesday in the ongoing pursuit of a revised national minimum wage. This announcement was made by NLC President Joe Ajaero during the International Labour Conference currently taking place in Geneva, Switzerland. “We cannot declare a…
Labour Dismisses ₦62,000 and ₦100,000 Minimum Wages as Insufficient, Hints at Possible Strike Resumption
June 10, 2024 — The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have firmly rejected the proposed minimum wages of ₦62,000 and ₦100,000, deeming them inadequate. They have warned that a nationwide strike, temporarily halted last week, may resume if their demand for a ₦250,000 minimum wage is not met by the…
State Governments Offer Varied Minimum Wages Amid Economic Challenges
June 10, 2024 — As the push for a new national minimum wage gains momentum, state governments across Nigeria have begun announcing their proposed minimum wage rates, revealing a significant disparity in the amounts various states are willing to pay their workers. Leading the pack, Rivers State has proposed an impressive N80,000 monthly minimum wage,…