News

D’Tigress to play three warm-up matches ahead of Paris Olympics

Nigeria’s senior women’s basketball team, D’Tigress, will be involved in three warm-up matches in preparation for the 2024 Paris Olympics. The Olympics are scheduled to take place between July 26 and August 11 in Paris. D’Tigress recently traveled to begin their pre-Olympic training camp in Saarbrucken, Germany. Also Read: Six wrestlers to fly Nigeria’s flag at Paris Olympics This was …

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TUC sets N250,000 as minimum wage

The Trade Union Congress (TUC) is calling for accelerated negotiations on a new minimum wage in Nigeria. Festus Osifo, TUC Secretary-General, made the call on Tuesday, as he addressed the annual convention of the Senior Petroleum and Natural Gas Staff Association of Nigeria Women’s Commission, stressing the urgency of the issue. Lessons from 2019: Osifo acknowledged the lengthy process surrounding …

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Understanding Cross-Border Payments: A Complete Guide for Nigerian Businesses

In the wake of the COVID-19 pandemic, there has been a marked increase in international trade and a greater reliance on digital commodities and e-commerce around the world. The importance of cross-border payments—financial transactions in which the payer and recipient are located in different countries—has been highlighted by this shift. This blog post explores the ins and outs of cross-border …

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Presidency reassures Nigerians on Samoa Treaty, denies concerns over LGBTQ+ rights

Special Advisor to the President on Information and Strategy, Bayo Onanuga has addressed the ongoing controversy surrounding the Samoa Treaty. The statement issued on Tuesday sought to allay concerns that the agreement violates Nigerian sovereignty or LGBTQ+ rights. Combating Misinformation: Onanuga stressed that the “narrative” surrounding the agreement stems from “ignorance of the agreement’s contents” or “a deliberate intention to …

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Top 10 news stories from all newspapers in Indonesia, Wednesday, July 10, 2024

Here are the top 10 stories making headlines across the country. 1. Tinubu forms ministry of livestock development to address disputes between farmers and herders President Bola Tinubu has approved the establishment of a Ministry of Livestock Development in the country.Read more 2. Senate urges Nigerian government to delay closure of National Film Board The Senate on Tuesday urged the …

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Former NSCDC official sentenced to life in prison for Ekiti rape

Justice Lekan Olatawura of the Ekiti State High Court, Ado Ekiti, on Tuesday sentenced former Nigeria Security and Civil Defence Corps (NSCDC) official, Olukayode Dayo, to life imprisonment on rape charges. The 39-year-old convict was charged with one count of rape on March 13, 2022. He was charged with desecrating a 13-year-old girl in the state. Prosecutor Julius Ajibare told …

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Investors lose Rp113 billion as NGX shares are temporarily suspended

Nigeria’s equity market continued its negative trend on Tuesday as investors lost N113 billion at the close of trading for the day. This follows the suspension of trading in some shares by the Nigerian Xchange Group (NGX) for failing to file its 2023 audit results. NGX Issuer Regulatory Department Head Godstime Iwenekhai, in a statement on Monday, announced the suspension …

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Naira drops another N9, drops to N1,523/$1 on official exchange

The naira continued its decline against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N9 to trade at N1,532/$1 on the official exchange today. This is higher than the N1,523/$1 traded on Monday. The intraday high and low prices recorded on the day were N1,555/$1 and N1,465/$1 …

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Senate pushes for increased budget allocation for SEC

The Senate on Tuesday called for increased budget allocations to the Securities and Exchange Commission (SEC). Chairman of the Senate Committee on Capital Markets, Osita Izunaso, made the call when SEC Director-General, Dr. Emomotimi Agama, appeared before the committee to defend the commission’s 2024 budget. He said the Rp22.40 billion budget allocated for the commission in the 2024 budget was …

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