Author: Akintayo Adams

The Nigerian Labour Congress (NLC), one-half of the Organized Labour has announced the continuation of the nationwide strike which began on Monday. The announcement was made in a post via its official X handle on Tuesday. “Until we hear from Our Organs at our Meeting scheduled for today 4th June , We are still on Strike,” it read. The NLC, alongside the Trade Union Congress (TUC) have been negotiating a new National Minimum Wage for Nigerian Workers for months but resolved to embark on strike and cripple economic activities due to what it termed “nonchalant attitude” of the Nigerian Government…

President Bola Ahmed Tinubu, on Monday, restated his administration’s commitment to improving the quality of life of Nigerians. The President, represented by Vice President Kashim Shettima disclosed this at the inauguration of the Outer Southern Expressway, from Villa Roundabout to Ring Road 1, which has been renamed the Mahamadou Issoufou Way. “I reaffirm my administration’s dedication to enhancing the quality of life for all Nigerians. What is unfolding in the Federal Capital is a testament to what can be achieved by the government’s Renewed Hope Agenda of quality transformation of the FCT, and indeed Nigeria,” he said. “Issues undertaken hold…

Sequel to the revocation of the banking license of Heritage Bank Plc by the Olayemi Cardoso-led Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) has announced the commencement of the liquidation process of the bank. This was contained in a statement issued by the Director, Communication & Public Affairs of NDIC, Bashir Nuhu, on Monday. The statement explained that depositors of the bank with alternate accounts within the industry will be paid up to the insured amount of ₦5 million per depositor using their Bank Verification Number (BVN). “All depositors of the defunct bank without alternate bank…

The naira appreciated against the dollar at both official and parallel foreign exchange markets at the close of trading on Monday. According to data from the FMDQ, the naira appreciated to ₦1,476.12 per dollar on Monday, a ₦9.87 gain compared to the ₦1485.99 recorded last Friday. The Nigerian currency maintained its form in the parallel market section, appreciating to ₦1,475 per dollar compared to ₦1480 it traded last Sunday. This is sequel to the apex bank’s intervention in the forex market. FMDQ securities exchange data showed that the bankers’ bank sold $575 million in May, representing the highest sales in…

The Central Bank of Nigeria (CBN) has lifted the ban on onboarding new customers earlier imposed on five fintech startups in the country: Paga, OPay, Kuda, Palmpay, and Moniepoint. It takes effect immediately. Opay, sighted by our reporter confirmed the news on its app and X handle. “We are thrilled to announce that the Central Bank of Nigeria has given OPay the thumbs up to resume onboarding new users. This milestone highlights our dedication to following the rules, keeping your information safe and secure, and preventing any shady activities,” the company stated. Kuda, one of the suspended fintechs also took…

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG) has called on Nigerians passing through tough times to seek the help of God. He spoke at RCCG headquarters in Ebute-Metta on Sunday during the June thanksgiving service with the theme, ‘Lifter Up of My Head’. “If you need provision, if things are hard and I know things are hard for quite a few of us, call on the one whose name is Jehovah El-Shaddai, the God who is more than enough,” the cleric said. “Call on Him – the one who is more than enough…

Popular comedienne Helen Paul is of the opinion that women’s salaries should be paid directly to their partners’ bank accounts. The much-loved comic act made this known via a post on her Instagram handle, and she further asked for the suggestions of other females. She wrote: “‘I think women’s salaries should be paid directly to their husband’s bank account’. “My fellow women, what do you think?” Her post generated mixed reactions, which seems normal given the way Nigerians act towards matters such as this. Some women concurred while others took to the comment section to express their disapproval. Get instant…

The Federal Government and the Organised labour, at an emergency meeting on Monday, signed an agreement over the minimum wage. The meeting, brokered by the Secretary to the Government of the Federation, Senator George Akume was convened in response to the nationwide strike which crippled activities across the country. The details of the meeting have now been made available to newsmen; RESOLUTIONS REACHED AT THE MEETING BETWEEN THE FEDERAL GOVERNMENT AND THE ORGANISED LABOUR HELD ON MONDAY 3RD JUNE, 2024 Further to the negotiation by the Tripartite Committee on National Minimum Wage (NMW) and subsequent withdrawal of Labour from negotiation,…

Temilade Openiyi, popularly known as Tems, disclosed that she has never been in love before. She revealed this while appearing on the recent episode of the Flow With Korty show. “I haven’t been in love. Loving someone for me is more of ‘I see you and I still want to be in your life. Even though you annoy me sometimes, I choose you and I choose you.’ I would like to be in love, to experience something deep but really real not blind. I don’t believe that love is blind, I think if you really love someone you’re loving them…

The Nigerian Army has dismissed the alarm raised by the Nigerian Labour Congress (NLC) on soldiers surrounding the venue of the emergency meeting with the Federal Government. This was in a post on the Army’s official X handle. “The attention of Army Headquarters has been drawn to a false breaking news by NLC alleging that soldiers currently surround the venue of the ongoing meeting between NLC and the SGF. “Kindly note that the NSA, Mallam Nuhu Ribadu, who is also attending the meeting, arrived at the meeting venue with his retinue of statutorily approved military escorts. Once the meeting is…