Author: Yetunde Ogunmola
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Sanwo-Olu Reduces Transport Fare In Lagos By 25%
The Lagos State Governor, Babajide Sanwo-Olu, has announced a twenty-five percent reduction in transport fares for government-owned transport schemes. The Governor made the announcement on Thursday during a live media chat. According to Sanwo-Olu, the move is part of efforts to reduce the economic burden on Lagosians. Sanwo-Olu, who also announced a reduction in…
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Lagos adopts 3-day work week for civil servants as economic hardship bites harder
In a bid to alleviate economic challenges faced by residents, Lagos State Governor Babajide Sanwo-Olu has announced a new working arrangement for civil servants in the state. Under this directive, civil servants in levels 1 to 14 will operate on a three-day workweek. During a live media chat, ‘Sanwo Speaks,’ the governor…
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Military warns Nigerians calling for coup over economic hardship
[fusion_builder_container type=”flex” hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_s The military has…
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FG targets two million jobs in creative industry by 2027
Minister of Art, Culture and Creative Economy, Hannatu Musawa, has said plans are underway to create two million jobs in Nigeria’s creative industry by 2027. She said also that the ministry would roll out a framework for financing the development of the sector. The Minister stated this during an interactive session with the Nigerian Economic Summit…
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ASUU urges FG to honour 2009 agreement
The Academic Staff Union of Universities has appealed to the Federal Government to honour and implement the agreement the union entered with it to forestall industrial action. ASUU Coordinator in charge of Kano Zone, Abdulqadir Muhammad, stated this at a news conference at the end of a zonal meeting on Wednesday in Kano. He…
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FG To Recommence Direct Cash Transfers To Vulnerable Nigerians
The Federal Government plans to restart direct cash transfers to the poorest and most vulnerable Nigerians. Presently, approximately three million people are recipients of these programmes but due to the escalating cost of living, the government anticipates that an additional 12 million households could qualify for these direct payments. Minister of Finance and Coordinating…
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Peter Obi Speaks On Abure’s Arrest In Edo
The 2023 presidential candidate of the Labour Party (LP), Peter Obi, has condemned the arrest of the party’s National Chairman, Julius Abure, in Benin City, the Edo State capital. Abure was arrested by a combined team of police officers and operatives of the Department of State Security (DSS) on Wednesday. Abure, alongside…
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Dollar plummets from N1800 to N1300 as Nigerian government takes action
The value of the Nigerian Naira has surprisingly increased compared to the Tether (USDT) cryptocurrency. It went up to 1370 from a previously high 1800. This happened at the same time as rumors that big cryptocurrency companies, like Binance, are discussing new rules with government officials. These rules would limit certain types…
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FG blocks Binance, OctaFX, other Crypto Firms
In a bid to curb what it perceives as the continuous manipulation of the forex market and illicit movement of funds, the Nigerian government has taken decisive action by blocking the online platforms of prominent crypto firms, including Binance. The Nigerian Communications Commission (NCC) had directed telecommunication companies in the country to block…
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TUC Pulls Out Of NLC Planned Protest, Gives Reason
The Trade Union Congress (TUC) has disclosed that it would not participate in the two-day nationwide protest announced by the Nigeria Labour Congress (NLC). The Vice President of the TUC, Tommy Etim, made this known on Wednesday. According to him, the NLC didn’t carry the union along before announcing the planned…
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Why Cryptocurrency, Forex Platforms Should Be Banned – Tinubu’s Aide, Onanuga
The Special Adviser to President Bola Tinubu on Information and strategy, Bayo Onanuga, has called for the ban of Cryptocurrency and Foreign Exchange (Forex) platforms operating in the country. In a post via his official X handle on Wednesday, Onanuga said crypto platforms such as Binance and Kucoin, and forex aggregator like AbokiFX…
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Nigeria’s daily crude oil production rises to 1.43million b/d in January
Nigeria’s daily average crude oil production increased to over 1.43million barrels per day in January 2024. This makes over 91,000 barrels increase from the 1.34million barrels recorded in December 2023. Despite not being able to meet its Organisation of Petroleum Exporting Countries (OPEC’s) daily quota, Nigeria has since August 2023, maintained steady increase in…