nigeria news
FEDERAL GOVERNMENT MAY RAISE MINIMUM WAGE TO N200 THOUSAND
There are strong indications that the federal government is favourably disposed to raising the minimum wage to as high as N200k per month as demanded by the organised labour in the country. However, state governors are urging for caution while Anambra State governor Charles Soludo has been asked to chair a Technical Working Group (TWG) …
WHY NAIRA DEVALUATION IS GOOD FOR NIGERIA – RENO OMOKRI
By Deborah Osagiede Popular public figure, Reno Omokri took to his social media platform to educate Nigerians on how naira devaluation is good for the country. In his post, he stated that “Devaluation reduces imports and drives exports. It will reduce our sovereign debt and also make citizens look inward and ignite their creativity. Instead …
PETROL TO RISE ABOVE N700 PER LITRE FROM JULY
Oil marketers have projected that the pump price of petrol could rise above N700 per litre in Northern Nigeria starting from July. The National Controller Operations, Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, told The punch on Wednesday that prices could rise to above N700 in the north once independent marketers start importing products …
OSUN GOV. ADELEKE ESCAPES ATTEMPTED ASSASSINATION IN OSOGBO
The executive governor of Osun State, Ademola Adeleke, on Wednesday, June 28, escaped an alleged assassination attempt during the traditional Eid prayers at the Osogbo Eid praying ground. DailyPost reports that, the stage was set for the prayers which was a traditional part which marks the beginning of the festival. The Chief Imam leading the …
NEIGHBOR’S TANK KILLS A 20 YEAR OLD MAN IN LAGOS
An admission seeker identified as Jamal Nureni met his death while sleeping as a water tank belonging to a neighbor fell from its stand and crashed into his bedroom and crashing his head in the process, on Saturday, June 17, 2023. The incident happened on Alhaji Kazeem Street, Ikotun-Egbe area of Lagos, where 20-year-old Jamal …
PRICE OF DIESEL TO RISE AS CUSTOMS BEGINS TO CHARGE 7.5% VAT ON IMPORTATION OF DIESEL
The tax agency has asked the NCS to begin to charge a 7.5 percent Value-added Tax (VAT) on Automobile Gas Oil (AGO), otherwise known as diesel, imported into the country. As a result, the customs, through Assistant Comptroller-General of Tariff and Trade, MBA Musa IN, on behalf of the Deputy Comptroller-General of Tariff and Trade, …
NIGERIA REGAINS POSITION AS AFRICA’S NUMBER ONE CRUDE OIL PRODUCER
Nigeria has reclaimed the first position as Africa’s largest crude oil producer by increasing its output to 1.3 million barrels per day in May, from 1.1 million barrels per day recorded in the preceding month of April 2023. This is according to data released by the Organization of Petroleum Producing Countries (OPEC) for crude oil …
THE TALLEST MAN IN NIGERIA DIES AT 48
The tallest man in Nigeria, Afeez Agoro Oladimeji, who stood at 7 feet 4 inches (2.24m) tall, has reportedly passed away at the age of 48. Afeez, who was the second tallest human in West Africa, reportedly died on Wednesday evening, June 14, after a prolonged battle with Acromegaly, known commonly as gigantism. Within Nigeria …
NAIRA TO TRADE FREELY AGAINST DOLLAR
The Central Bank of Nigeria(CBN) has reportedly grant banks freedom to trade forex at market-determined rate. In line with the President Bola Tinubu’s promise to unify the multiple exchange rate in the market, the Central Bank of Nigeria (CBN) has granted commercial banks and dealers in the forex market freedom to sell forex at a …
TINUBU SNUCK OUT IN PURSUIT FOR SOME SENATORS TO VOTE FOR GODSWILL AKPABIO
Hours after Senator Godswill Akpabio emerged as the President of the 10th Senate, his colleague, Senator Ali Noume disclosed that President Bola Tinubu begged some lawmakers to vote for Akpabio. Ndume disclosed this during an interview on Channels TV’s Politics Today, on Tuesday, June 13, 2023. “The party and the president had a preferred candidate. …
