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President Bola Tinubu on Monday signed the minimum wage bill. The President signed the bill at the State House, Abuja, in the presence of the Senate President, Godswill Akpabio and the House of Representatives Speaker, Tajudden Abbas. The National Assembly passed the N70,000 minimum wage bill last Tuesday. The new law increases the country’s minimum wage from N30,000 to N70,000. …

In anticipation of the nationwide hunger protests scheduled for August 1-10 under the hashtag #EndBadGovernment, youths in Niger State, on Monday, took to the streets to voice their discontent over the economic hardships currently facing Nigerians. The demonstration comes just a week after Niger State Governor Mohammed Bago said Niger’s youth would refrain from street protests, insisting that the state’s …

Investors in the Nigerian equity market started the trading week with a loss of N117 billion at the close of trading on Monday, July 29, 2024. This follows the decline in share prices of stocks such as CAVERTON, WAPIC, and ABCTRANS among others on the trading floor. After five hours of trading in the capital market, equity capitalization decreased to …

Nigeria’s currency, the naira, fell again against the US dollar on Monday, July 29, 2024. The local currency plunged N2 to close at N1.611/$1 at the end of the week, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This is in contrast to the exchange rate of N1.609/$1 traded on Friday, July 26, 2024. The intraday high …

In a dramatic development, the Nigerian Competition and Consumer Protection Tribunal has granted an application to dismiss the case against MultiChoice Nigeria over the increase in subscription prices for GOTV and DSTV. This follows the sudden decision by the lawyer who filed the case, Festus Onifade, to withdraw his case against the pay-TV provider. Onifade stated that he no longer …

The University of Ilorin has disciplined five students for various offences on campus. Among them, two students have been expelled, while three others have been ostracized for an academic session. According to a statement released on Monday by Kunle Akogun, Director of Corporate Affairs at the University, the Vice Chancellor approved the forced expulsion and removal following the recommendation of …

The Federal Government has announced that the national hunger protests planned for August 1-10, 2024, are now unnecessary. Mohammed Idris, Minister of Information and National Orientation, made this statement while speaking to State House reporters after the Federal Executive Council meeting on Monday, chaired by President Bola Tinubu. Idris stressed that the government has responded to the issues raised by …

Leke Abejide, the member of parliament representing Yagba East/Yagba West/Mopamuro Federal Constituency in Kogi State, has warned that he may leave the African Democratic Congress (ADC) for the All Progressives Congress (APC) if conditions within the party become untenable. Abejide made the remarks on Monday at the National Assembly Complex in response to recent criticism of President Bola Tinubu by …

On Monday, the United Action Front of Civil Society, a coalition of organised Civil Society Organisations (CSOs), issued a stern warning to all levels of government, warning against any attempts to intimidate protesters during the nationwide demonstrations planned from August 1 to 10. The protests were aimed at addressing the problem of hunger. In a statement issued by Wale Okunniyi, …

The Nigerian Airspace Management Agency (NAMA) has announced the suspension of the previously proposed 800% increase in navigation fees, following intervention by Festus Keyamo, Minister of Aviation and Aerospace Development. The decision to halt the dramatic increase, which was initially due to take effect, was communicated by Abdullahi Musa, NAMA’s Director of Public Affairs and Consumer Protection, in a statement …