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Bauchi, Kogi, Oyo top States with highest inflation rate in Nigeria, NBS reveals
The National Bureau of Statistics (NBS) has revealed that Bauch, Kogi and Oyo states have the highest inflation rate in May 2024. The bureau on Saturday disclosed that inflation rate in Nigeria hits 33.95per cent in May 2024 from 33,69 per cent in April 2024, amiid Federal Government policies on fuel subsidy removal and unification of the foreign exchange market.…
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Tanimu Yakubu replaces Ben Akabueze as DG, Budget Office
President Bola Tinubu Thursday, approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation. This followed the expiration of the tenure of Mr. Ben Akabueze. A statement by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale described the new DG as “an accomplished economist.” He holds a Master…
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Tripartite committee on minimum wage submits report, says SGF
Kunle Sanni The tripartite committee on new minimum wage has completed and submitted its report to the Federal Government, the Secretary to the Government of the Federation, Mr. George Akumesaid on Monday. Recall, President Bola Tinubu inaugurated a 37-Member Tripartite Committee on National Minimum Wage, on Tuesday 30th January, this year, in accordance with the provisions of the Minimum Wage…
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Minimum wage negotiation with FG ends today, as Labour awaits Tinubu’s approval
The new minimum wage talks between the Federal Government and Organised Labour are expected to end on Monday (today) as the Nigeria Labour Congress and the Trade Union Congress leaders await President Bola Tinubu’s decision on their N250,000 offer. The labour leaders had given a Monday deadline for the conclusion of talks on the new minimum wage. Last Friday, the…
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FCT Police raid suspected kidnappers’ den, arrest four, rescue victims
The Nigeria Police, Federal Capital Territory Command in a sting operation on Friday, raided the den of suspected kidnappers in the border areas of Abuja. A statement posted on the police X handle by the FCT Police Command’s Public Relations Officer, Josephine Adeh, revealed that the exercise was a joint effort between the police and other security forces, resulting in…
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Governors can afford a reasonable minimum wage if they curb corruption – NLC
The Nigeria Labour Congress has said that governors only need to reduce the high cost of governance and lessen corruption to prioritise workers’ welfare to pay a fair national minimum wage. The labour union made the statement via a press release issued by its Head of Information and Public Affairs, Benson Upah in response to the statement credited to the…
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We’ll enthrone new Olubadan when he’s fit medically, says Gov. Makinde
Governor of Oyo State, Seyi Makinde has reaffirmed that he is prepared to crown Oba Owolabi Olakulehin, the recently confirmed Olubadan of Ibadan land. Makinde made this statement on Saturday at the Obafemi Awolowo Liberty Stadium, Oke Ado, Ibadan, at the state ceremony in honour of the late Olubadan of Ibadan, Oba Mohood Olalekan Balogun, who passed away on March…
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Failure of APC, by Salihu Moh. Lukman
Chief John Odidie-Oyegun, APC National Chairman (2014 – 2018), in the Foreword to the Manifesto of the party, with the title Our Vision for a New Nigeria, observed that ‘When this democratic dispensation commenced in 1999, the federal government that emerged did not tell Nigerians what its vision was for the country; because the party that formed the government had…
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IMF projects Nigeria’s economy to reach $1.85 trillion by 2029
By Innocent Raphael The International Monetary Fund (IMF) has projected that Nigeria’s economy will grow to at least $1.85 trillion in purchasing power parity (PPP) terms by 2029. PPP is a metric used to compare the value of different currencies and their ability to buy the same goods and services, thereby assessing economic productivity and living standards across countries. According…
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PDP calls for investigation of former Kaduna Gov Nasir el-Rufai
By Innocent Raphael The Peoples Democratic Party (PDP) in Kaduna has urged Governor Uba Sani to involve anti-corruption agencies in investigating and prosecuting his predecessor, Nasir el-Rufai. This call follows the recommendations of an ad hoc committee of the Kaduna House of Assembly, which has accused el-Rufai of financial misconduct during his administration from 2015 to 2023. The committee’s report,…
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