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FG, Labour reach truce, planned strike suspended for one month

FG, Labour reach truce, planned strike suspended for one month

Orgasnised Labour last night suspended its planned nationwide strike for one month following an agreement with the Federal Government. Though details of the Memorandum of Understanding suspending the strike, were sketchy at the time of this report, the agreement, Vanguard gathered, was reached very late at night.

Extortion: Police probe officers over N80m allegedly shared with IG, CP

Extortion: Police probe officers over N80m allegedly shared with IG, CP

The Nigeria Police Force said the Monitoring Unit of the Inspector-General of Police had commenced an investigation following a petition by a Delta State-based rights advocate, Israel Joe, over alleged extortion of N80 million from a surveillance contractor, Atubi Davison, by an Assistant Commissioner of Police, in charge of the State Criminal Investigation Department, and two other officers

Banks’ borrowings from CBN rise 79% to N269.6bn

Banks’ borrowings from CBN rise 79% to N269.6bn

Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, rose year-on-year (YoY) by 79 percent to N269.6 billion   as at the end of September 2023 from N150 billion as at September ending 2022.

Family of 4 electrocuted in Taraba

Family of 4 electrocuted in Taraba

A family of four in the Dinyavo area of Jalingo, Taraba State, have been electrocuted.

The incident, which reportedly happened around 11am., yesterday, have left residents of the area in sorrow.

Manufacturers query FG’s 6months VAT waiver on diesel

Manufacturers query FG’s 6months VAT waiver on diesel

The Manufacturers Association of Nigeria (MAN) has commended the waiver of the 7.5 percent Value Added Tax (VAT) on Automotive Gas Oil (AGO), commonly called diesel, by the Federal Government (FG) but questioned the rationale behind the six months timeframe set for the waiver.