Author: Akintayo Adams

According to Abdul Samad Rabiu, chairman of BUA Group, the business has authorized a 50% pay increase for all employees. In an internal communication that was signed on Sunday in Lagos by BUA’s Head of Human Resources, Mr. Mohammed Wali, Rabiu made the revelation. According to the document, the chairman of BUA stated that the increase was intended to lessen the effects of the nation’s current economic difficulty. He stated that starting on February 1, 2024, both permanent/regular and non-permanent staff would be eligible for the pay increase. Sequel to the above development, the Human Resources and Finance departments are…

Godswill Akpabio, the president of the Senate, claimed on Sunday that former Central Bank Governor Godwin Emefiele left the Bola Tinubu administration in a state of economic disarray and that he was not even sure what accusations to make against him. Speaking during the Thanksgiving service for Senator Barinada Mpigi in Koroma, Tai Local Government Area, Rivers State, Akpabio declared that Emefiele’s economic legacy was “terrible.” “We did not even know what to charge him with – whether for putting foam on top of the bill, illegal firearm possession, printing notes without income. I don’t know what we are going…

The Computer Village in Ikeja will move to Katangua in the Abule-Egba neighborhood, according to the Lagos State Government. The Lagos State Building Control Agency, along with a few law enforcement agencies and other pertinent government agencies in charge of emergency-related matters, conducted a joint inspection and enforcement exercise on Saturday during which Dr. Olajide Babatunde, the Special Adviser to the Governor on eGIS and Urban Development, revealed this. According to Babatunde, the Lagos State Government is attempting to reorganize the state’s marketplaces. “We are trying to reorganise all our markets. I will give an example, in Ikeja, we have…

Geregu Power, owned by billionaire investor Femi Otedola, has crossed the N2 trillion threshold on the Nigerian Exchange Limited (NGX), just two months after reaching a market capitalization of N1 trillion. The notable increase in Geregu Power’s market capitalization exceeding N2 trillion can be attributed to the company’s share price, which has increased by more than 100% since the start of 2024. On January 1, 2024, the power-generating company’s shares opened at N399 and increased to N819.8. Investors reportedly reacted favorably to the power company’s stellar 2023 performance, as evidenced by information from its most recent annual report and financial…

On Sunday, Jimmy Carter will complete a full year of hospice care. During this time, the former US president defied expectations, celebrated his 99th birthday, and grieved the loss of his 77-year wife, Rosalynn. “One year after entering hospice care, president Carter continues to be at home with his family,” the Carter Center said in a statement to US media, noting the anniversary of his decision to decline further hospital treatment for various health issues and live out his days at home in Plains, Georgia. “The Carter family is grateful for the many expressions of love they have received and…

At the main bowl of Stephen Keshi Stadium in Asaba, Delta state, over a thousand athletes from one hundred schools will compete in a five-day athletics tournament dubbed “Making Of Champions, MTN Champs Season Two” in a variety of categories. The events are relays for boys and girls under the ages of 14 and 17, high jump, long jump, and 100, 200, and 400 meters. The president of the Nigerian Athletics Federation, Tonobok Okowa, stated during a press conference in Asaba that the event would serve as a warm-up for the continental and international competitions and that it was crucial…

The results of the November 2023 Bar Final Examinations have been authorized and made public by the Nigerian Law School and the Council of Legal Education (CLE). This is because, once the institutions fulfilled the accreditation standards to offer the Bachelor of Law (LLB) degree program, the CLE approved the start of law degree programs in five different colleges across the nation. Out of the 5,308 candidates that took the test, 251 (or 5% of the participants) received a First Class Honours grade, while 1,024 (19%) received a Second Class Upper Honours grade.Conversely, 967 candidates, or 18% of the total,…

The Senate has declared that it will not consent to any increase in electricity prices that will worsen Nigerians’ situation. Adebayo Adelabu, the Minister of Power, stated two days ago at an Abuja press conference that Nigeria was unlikely to continue receiving the current electricity subsidy. He clarified that the nation’s power sector now owed about N3 trillion to gas and electricity businesses, or GenCos and GasCos, respectively. He said, “Today, we owe a total of N1.3tn to the power generating companies, out of which 60 per cent is owed to gas suppliers. Today we have a legacy debt, before…

Mandilas Market will be immediately closed for the next two days by the Lagos State Government in order to allow vendors to follow its order to remove any illegally constructed temporary buildings that have been placed on road setbacks inside and outside of the market. The Lagos State Building Control Agency, along with a few law enforcement agencies and other pertinent government entities in charge of emergency-related affairs, jointly conducted an inspection and enforcement exercise on Saturday during which the closure notice was issued. The enforcement action came about as a result of the traders’ failure to comply with the…

According to President Bola Tinubu, Nigeria is prepared to welcome the African Central Bank in keeping with the goals of the Abuja Treaty. Speaking to leaders at the 37th Ordinary Session of the African Union (AU) Assembly of Heads of State and Government in Addis Ababa, Ethiopia, on Saturday, President Tinubu announced that his administration will work with member states and the African Union Commission to ensure that the bank launches on time in 2028. The President reaffirmed that in order for Africa to prevent the recurrence of current issues and the emergence of new ones, the continent must successfully…