December 1, 2023

A recent announcement by the Minister of Information and National Orientation, Idris Mohammed stated that, the Federal Government has confirmed the implementation of a new minimum wage slated to commence on April 1, 2024. This revelation came during an interview with News providers in Abuja, where Mohammed underscored the importance of this wage change. The…

November 30, 2023

The Central Bank of Nigeria has been directed by the Supreme Court to allow the circulation of both the old and redesigned N200, N500, and N1,000 notes until further notice. This directive overturns the initial plan to withdraw these old notes from circulation by December 31. The apex bank conveyed this decision through its acting…

November 30, 2023

President Bola Tinubu’s administration is set to allocate N6.75tn from the projected N27.5tn budget to defence and security, education, and infrastructure in 2024, as revealed during the presentation of the budget breakdown by the Minister of Budget and National Planning, Abubakar Bagudu. This allocation focuses on enhancing law enforcement capabilities, improving human capital development, and…

November 23, 2023

Recent investigations conducted in various regions of Nigeria have uncovered a troubling scarcity of currency, directly conflicting with the Central Bank of Nigeria’s (CBN) assurances of ample cash flow. Reports from Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti indicate inconvenience faced by both bank customers and Point of Sale operators due to the…

November 23, 2023

In a recent address to Estate Developers and Residents’ Associations, Minister Nyesom Wike of the Federal Capital Territory announced a forthcoming crackdown on tricycle operations, known as Keke Napep, in key Abuja neighborhoods. He affirmed the cessation of Keke Napep services in prominent areas like Asokoro and Maitama, emphasizing the move’s aim to eliminate prevalent…

November 22, 2023

An analysis of government budget data has unveiled that Nigeria’s 36 states collectively disbursed a staggering N1.71 trillion on recurrent expenditures between January and September 2023. These expenses encompassed various recurring costs, including allowances, foreign trips, office supplies, and aircraft maintenance. The breakdown revealed that 24 states provided comprehensive budget implementation data for the first…

November 21, 2023

Austin Ilom, an employee of Zenith Bank at the Suleja branch, tragically passed away after being abducted from his residence in Kubwa three weeks ago. Reports indicate that despite efforts to secure his release, Ilom’s life was cut short. According to statements from Joe Igbokwe, a source close to the situation, the kidnappers demanded a…