Author: Akintayo Adams

For the first time in nearly 30 years, the International Brotherhood of Teamsters has decided not to endorse a U.S. presidential candidate, leaving both Kamala Harris and Donald Trump without the influential union’s backing. The union, which represents 1.3 million members, cited insufficient responses from both candidates on key Teamsters issues. While Harris has garnered support from some regional councils and locals, the overall neutral stance is seen as a setback for her campaign, particularly in key battleground states. This decision underscores internal divisions within the union. Despite Harris’ pro-labor stance, including her visible support of striking workers, some members…

The Naira experienced a significant appreciation against the US dollar in the foreign exchange market on Wednesday, gaining ₦116.91 compared to the previous day. Data from FMDQ indicated that the Naira strengthened to ₦1539.65 per dollar, a notable improvement from ₦1656.56 on Tuesday. However, in the parallel market, the exchange rate remained stable at ₦1660 per dollar, the same as the day before. This fluctuation in the official exchange market highlights the continued volatility the Naira has faced in recent months. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

The Federal Government has urged private sector recruitment agencies to strictly adhere to the ₦70,000 minimum wage, warning that failure to do so would not be tolerated. This directive is aimed at addressing the current economic situation and ensuring that no worker in Nigeria, whether employed by the government or private sector, is paid less than the stipulated amount. Speaking at the 13th Annual General Meeting of the Employers Association for Private Employment Agencies of Nigeria (EAPEAN) in Lagos, the Permanent Secretary of the Ministry of Labour and Employment, Kachollom Daju, emphasized that the minimum wage is now a legal…

Arsenal captain Martin Odegaard is expected to be out for an extended period after sustaining an ankle injury while on international duty with Norway, according to manager Mikel Arteta. The injury occurred during Norway’s Nations League match against Austria earlier this month, where Odegaard twisted his ankle. Norway’s team doctor initially indicated that the midfielder would be out for a minimum of three weeks, but Arteta has now revealed that further scans have shown ligament damage. Arteta did not provide a specific recovery timeline but suggested it could be a significant period, though he remains hopeful it won’t last for…

The Central Bank of Nigeria (CBN) has officially confirmed the implementation of the controversial cybercrime levy of 0.005 percent on all electronic transactions under the new fiscal guidelines for 2024-2025. This levy, as outlined in the recently published Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025, is part of the Cybercrime (Prohibition, Prevention, etc.) Act of 2015, aimed at strengthening Nigeria’s cybersecurity infrastructure. The levy, which initially stood at 0.5 percent, was reduced to 0.005 percent following public outcry. Despite previous reports of its suspension after concerns from the public, the CBN has now reaffirmed that…

Governor Seyi Makinde of Oyo State has refused to sign the Presumptive Tax Bill into law, citing concerns over the potential negative impact on the state’s poor. He emphasized that the current economic conditions have left many people hungry and angry, and he is focused on policies that will alleviate poverty rather than add to the financial burdens of citizens. Makinde made this decision public during the flag-off of the upgrade of Samuel Akintola Airport to international standards, where he praised the Oyo State House of Assembly for their intention to increase the state’s Internally Generated Revenue (IGR) but stated…

The Joint Action Committee of the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU) has threatened to embark on an indefinite strike if the Federal Government does not pay their outstanding salaries within three weeks. The unions are demanding the payment of four months’ withheld salaries, improved remuneration, earned allowances, and the implementation of the 2009 agreements with the government. The ultimatum follows a failed promise by the government to address these issues, with an initial grace period expiring on 26th July 2024. Despite President Bola Tinubu’s approval for the…

The Economic and Financial Crimes Commission (EFCC) has clarified that former Kogi State Governor, Yahaya Bello, is not in their custody. In a statement released on Wednesday, EFCC spokesman Dele Oyewale addressed media reports claiming Bello’s detention, confirming that the ex-governor remains wanted for alleged money laundering charges amounting to ₦80.2 billion. Oyewale stated, “Media reports today that a former Governor of Kogi State, Mr. Yahaya Bello is in the holding facility of the Economic and Financial Crimes Commission, EFCC, are incorrect. The Commission wishes to state that Bello is not in its custody.” He added that the warrant for…

The Weidenfeld-Hoffmann Scholarship offers a fantastic opportunity for exceptional graduates and professionals from developing and emerging economies to pursue fully funded graduate studies at the University of Oxford. Apply || Social Media Manager at Dreamworks Global Logistics Limited Who Can Apply? To qualify, applicants must meet the following criteria: If you are already studying at Oxford, you will only be eligible if you’re already a Weidenfeld-Hoffmann scholar. Scholarship Benefits This scholarship covers: How to Apply Follow these steps to apply: Apply || University of Glasgow Undergraduate Excellence Scholarship If shortlisted, expect an online interview in April 2025. Final decisions will be…

Former Kogi State Governor Yahaya Bello has arrived at the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja, accompanied by his successor, Governor Usman Ododo. The visit follows an announcement by Bello’s Director of Media, Ohiare Michael, confirming the former governor’s decision to honor the EFCC’s invitation after consultations with his family, legal team, and political associates. The statement, titled “Former Governor Yahaya Bello Honours EFCC’s Invitation,” noted that Bello was joined by several high-profile Nigerians during his visit to the anti-graft agency. Bello had been declared wanted by the EFCC in April after reportedly ignoring multiple invitations and resisting arrest.…