National

President BOLA TINUBU has approved the appointment of board members for Family Homes Funds Limited FHFL. The media aid to the President, AJURI NGELALE in a short statement yesterday listed the new appointees as DEMOLA ADEBISE as Board Chairman, ABDUL MUTTALAB as Chief Executive Officer and Managing Director,ABDULLAHI MUSA as Executive Director, Finance, and EMEKA INEGBU as Executive Director, Operations. Others appointed to the board as non-executive directors include SAM OKAGBUE, MUSA AHMED, ENIANG NKANG, BILKISU USMAN, and representatives of the Ministry of Finance Incorporated and Nigeria Sovereign Investment Authority NSIA. The President expects the new members of the board to […]

The Director General of the National Space Research and Development Agency, NASRDA, MATHEW ADEPOJU has announced that they are sending Nigeria’s first citizen into space. ADEPOJU at a press conference in Abuja yesterday said that the government had signed a Memorandum of Understanding MoU, with the Space Exploration and Research Agency SERA, to facilitate the ambitious venture. He stated that the collaboration, which is coming to the country, marks a significant milestone in Nigeria’s 25th anniversary of the Space Exploration journey and opens […]

The Chief Executive Officer Nigerian Upstream Petroleum Regulatory Commission NUPRC,GBENGA KOMOLAFE has announced an extension to the 2024 licensing bid round registration by 10 days to allow interested investors to take advantage of the expanded opportunities. KOMOLAFE who announced this yesterday in Abuja explained that in pursuit of the commission’s commitment to derive value from the country’s oil and gas reserves and increase production, the commission has been working assiduously with multi-client companies, to undertake more exploratory activities, acquire more data to […]

The Central Bank of Nigeria CBN has released its approved guidelines to regulate the activities of Bureau de Change BDC operators in the country. In its new circular released yesterday, the minimum capital base for Tier-1 BDCs is two billion Naira and that of Tier-1 is set at five hundred million naira while the mandatory caution deposit of 200 million Naira for tier-1 BDC license holders was removed and fifty million naira for tier-2 license holders was waived. The Director of Financial Policy and Regulationof the Apex Bank HARUNA MUSTAFA, said the approved guidelines take effect from June 3, 2024. The […]

Lawyers of detained leader of the indigenous people of Biafra IPOB, NNAMDI KANU, have filed a Preliminary Objection at the Federal High Court Abuja, asking the trial judge, Justice BINTA NYAKO, to decline jurisdiction to proceed with the trial against him. Part of the issue for determination, is whether the court has the jurisdiction to try KANU for any, or all the offenses charged against him in Counts 1, 2, 4,5 and 8,  to quash the said counts on the ground […]

The Federal Government has proposed to pay 54,000 Naira as minimum wage, as the Tripartite Committee on the New Minimum Wage returned to the negotiation table after the Organized Labour pulled out of the negotiations last week. At the reconvened meeting this week, the Federal Government made a fresh proposal to pay 54,000 Naira as against the initial 48,000Naira it initially proposed but there are reports Organized Labour refused the new proposal, as it is a far cry from the 615,000 Naira proposed […]

Women in the oil-producing area of OHAJI/EGBEMA Local Government Area of Imo State took to the streets of the MMAHUcommunity to protest alleged police brutality against the people. The women, numbering over 500, were seen yesterday with placards bearing various inscriptions, appealing to the State and Federal Governments, as well as the Inspector-General of Police, KAYODE EGBETOKUN, to come to their rescue. They alleged that there had been consistent police brutality in their communities, leading to their sons fleeing following […]

The Organized Labor comprising the Nigeria Labor Congress NLC and Trade Union Congress TUC has reiterated its May 31, 2024 ultimatum to the Federal Government to meet all of its demands which include implementation of a new national minimum wage and reversal of the hike in electricity tariff. This followed yesterday’s emergency meeting of the National Executive Councils of the NLC and TUC in response to the pressing national issues affecting Nigerian workers. Among the issues discussed by the labor leaders was the persisting non-compliance with the 2019 National Minimum Wage Act […]

The Governor of Abia State ALEX OTTI sayshis administration has aligned with the Federal government’s Renewed Hope Agenda in the health sector to achieve improved access to quality healthcare delivery in the state. OTTI stated this while receiving the Special Adviser to the President on Health, Dr. SALMA IBRAHIM, and her team who were in Abia on an advocacy visit. The Governor listed his achievements in the health sector to include a robust budget for the healthcare delivery system, […]