Minimum Wage: Tinubu’s Government Reveals Proposed Amount It Is Willing to Pay Nigerian Workers
The debate over the minimum wage reflects the broader challenges facing Nigeria’s economic policies.
Tag: FG
DSS Imposes Ban on Select Protests for June 12 Democracy Day: Full Details Revealed
The Department of State Services (DSS) has issued a stern warning to individuals and groups planning to hold protests on Wednesday, June 12, Democracy Day, advising them to refrain from any violent activities. In a statement released late on Tuesday, June 11, the DSS, through its spokesperson Peter Afunanya, disclosed that it has obtained intelligence…
CBN Directs Banks to Implement Cybersecurity Levy on Electronic Transfers
The Central Bank of Nigeria (CBN) has issued a directive instructing banks and various financial institutions to apply a 0.5 percent levy on electronic transfers for cybersecurity measures. This mandate was communicated through a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the director of financial policy and regulation,…
Federal Government Requires for $10 Billion Annually to Revitalize Power Sector- Minister of Power
The Minister of Power, Mr. Adebayo Adelabu, emphasized that the Federal Government necessitates an annual allocation of $10 billion over the course of the next decade to rejuvenate the nation’s power sector and mitigate the persistent liquidity challenges. He further underscored the impracticality of such a financial commitment within the current fiscal framework of the…
FG Sets to Secure $2.2Billion World Bank Loan
President Bola Tinubu’s administration, on Saturday announced that Nigeria had secured a loan of $2.25 billion from the World Bank at a single-digit interest rate. The package includes a 40-year term with a 10-year moratorium and a nominal interest rate of 1 percent. During a press briefing in Washington DC, United States, Wale Edun, Nigeria’s…
Nigerian Government Set To Purchase Fighter Jets
The Nigerian government is set to purchase a minimum of 24 fighter jets from Italy’s Leonardo to enhance the country’s air force. This was made known by the Nigerian Air Force spokesperson, Air Vice Marshal Edward Gabkwet stating that the aircraft will be delivered in four batches of six jets each. Additionally, Gabkwet stated in his…
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