House of Reps to Deliberate on the Bill for Derivation Funds for States
The House of Representatives is preparing to deliberate on a proposed bill that aims to raise the allocation of derivation funds for states endowed with mineral resources from a minimum…
Nigerian Railway Records Unprecedented Revenue of N1.69Bn!
In the second quarter of 2024, the Nigerian rail system reported a revenue of N1.69 billion from passenger fares, marking a significant increase of 53.14% compared to the N1.10 billion…
#MaiduguriFlood: President Tinubu approves N108Bn to Support Natural Disasters
President Bola Ahmed Tinubu approved the allocation of N108 billion to support the states in addressing natural disasters, with each state receiving N3 billion to aid their efforts. Borno State…
CBN Sanctions the Merger of Unity and Providus Banks
The Central Bank of Nigeria (CBN) has authorized a significant financial arrangement to facilitate the anticipated merger between Unity Bank Plc and Providus Bank Limited. This approval was stated in…
“Our External Reserves Stand at $36.89 Billion” – CBN Governor
The Governor of the Central Bank of Nigeria (CBN) has announced that external reserves currently stand at $36.89 billion. The governor of the CBN, Olayemi Cardoso, has provided reassurance to…
BREAKING: President Tinubu Endorses minimum wage of N70,000 for Nigerian employees
President Bola Tinubu has endorsed a minimum wage of N70,000 for Nigerian employees, with a commitment to reassess the national minimum wage legislation every three years. President Tinubu has assured…
President Tinubu Urges NASS to consider N6.2 Trillion Increase in 2024 Appropriation Act
President Bola Tinubu has requested the National Assembly (NASS) to consider a N6.2 trillion increase in the 2024 appropriation act. President Tinubu expressed his request in a letter that was…
“Niger State’s IGR in May 2024 alone was N3.5 Billion” – Governor Bago
The Executive Governor of Niger State, Mohammed Bago has announced that the state achieved an Internally-Generated Revenue (IGR) of N3.5 billion in May, 2024 alone. Mr. Bago made this statement…
Femi Otedola Increases Ownership Stake in First Bank by 2.22 percent
Billionaire entrepreneur and FBN Holdings chairman, Femi Otedola, has purchased an extra 2.22 percent stake in the First Bank of Nigeria. Otedola increases his ownership in First Bank of Nigeria…
Are We Truly Ready to Pay the Price for the Minimum Wage??
By Oladotun Fadeyiye As public expectations toward the implementation of minimum wage heightens day in, day out, with Labour Union drumming the drums of threats to keep workers away from…