As of 17th October 2024, the black market (parallel market) exchange rate for the dollar to naira in Lagos sees players buying dollars at ₦1700 and selling at ₦1705. These rates were provided by sources at Bureau De Change (BDC). It’s important to note that the Central Bank of Nigeria (CBN) does not officially recognize […]
Author archives: Gloria
States Exceeding the N70,000 Minimum Wage: A Full Breakdown”
In July 2024, President Bola Tinubu approved an increase in Nigeria’s minimum wage from N30,000 to N70,000. However, the implementation has varied across states, with some going beyond the federal mandate and announcing even higher wages. Below is a list of states that have committed to paying more than N70,000: Several other states have committed […]
ASUP Issues 15-Day Strike Ultimatum to Federal Government Over Unmet Agreements
The Academic Staff Union of Polytechnics (ASUP) has threatened to initiate a nationwide strike in response to the federal government’s failure to meet long-standing agreements aimed at improving the working conditions of its members. During a press conference in Kaduna, ASUP set a 15-day ultimatum, beginning on October 7, 2024, for the government to address […]
JAMB Eases Age Restriction for 2024/2025 Admissions
The Joint Admissions and Matriculation Board (JAMB) has announced a revision to its age requirement for the 2024/2025 academic session, allowing institutions to admit candidates who will turn 16 by August 31, 2025. JAMB Spokesman Fabian Benjamin clarified in a statement that while the standard minimum admission age remains 16 years, institutions may now admit […]
Mr. Ibu’s Wife Pays Emotional Tribute on His Posthumous Birthday
Stella Maris, wife of the late Nollywood star John Okafor, popularly known as Mr. Ibu, has honored her husband on what would have been his 63rd birthday. Mr. Ibu passed away on March 2, 2024, at the age of 62 after a long illness. In an emotional Instagram post, Stella shared family photos and reflected […]
FG Affirms End of Fuel and FX Subsidies, No Plans for Reinstatement
The federal government of Nigeria has officially declared that fuel and foreign exchange subsidies are permanently discontinued and will not be reinstated. This announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during the presentation of the Nigeria Development Update by the World Bank in Abuja on October […]
Obasanjo Hints at Future Revelations, Says “There Is Much to Say, But Not Yet Time”
Former Nigerian President, Chief Olusegun Obasanjo, has hinted at significant matters he wishes to address but stated that now is not the right time. He made this remark during the 67th birthday celebration of renowned lawyer Mike Ozekhome (SAN), where Obasanjo served as the chairman of the event. While praising Ozekhome as a courageous advocate […]
Atiku Urges Nigerian Government to Shift Fuel Transportation to Rail After Jigawa Tragedy
Following the tragic petrol tanker explosion in Majiya town, Jigawa State, which claimed over 100 lives, Atiku Abubakar, the 2023 presidential candidate for the Peoples Democratic Party (PDP), has called on the Nigerian government to consider transporting fuel via rail. Expressing his sorrow on social media platform X, Atiku described the incident as one of […]
Oil Tycoon Sues EFCC for ₦5 Billion Over Unlawful Declaration as Wanted
Henry Akinduro, CEO of Global Signature Hotel and Total Grace Group Limited, has filed a ₦5 billion lawsuit against the Economic and Financial Crimes Commission (EFCC) for allegedly violating his rights by declaring him wanted without due process. The EFCC recently listed Akinduro as wanted following fraud accusations from Femi Olushakin. Akinduro’s legal team, led […]
Reps Warn of Possible Unrest Amid Deadlock in FG and Labour Talks on Fuel Price Hike
The House of Representatives has raised concerns over the recent fuel price hikes, warning that they could lead to social unrest. This warning came as talks between the Federal Government and labor unions reached a deadlock over the sudden increase in petrol prices. NNPC retail outlets recently raised fuel prices to ₦1,030 per litre in […]