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Productivity: minimum wage not enough, labour laws must be strengthened to protect workers – Ex-VC

Productivity: minimum wage not enough, labour laws must be strengthened to protect workers – Ex-VC

Shina Abubakar, Osogbo A former Acting Vice-Chancellor of Fountain University, Professor Abdullateef Usman has disclosed that implementation of N70,000 minimum wage alone would not enhance productivity but labour laws must also be strengthened to prevent exploitation of workers. Usman, a professor of Economics while delivering the 4th inaugural lecture of the institution titled “From Honeypot […]

Ifeanyi Ubah: Look beyond Nnewi, Anambra South leaders tell political parties

Ifeanyi Ubah: Look beyond Nnewi, Anambra South leaders tell political parties

By Nnamdi Ojiego As the Independent National Electoral Commission, INEC, prepares to fill the vacant National Assembly seats, stakeholders in Anambra South Senatorial District have urged political parties to consider candidates beyond Nnewi for the senatorial seat left vacant by Senator Ifeanyi Ubah’s passing. The leaders in a statement signed by Chief Azibuike Okafor, also […]

Honour Humphrey Nwosu now – IBN tells Tinubu

Honour Humphrey Nwosu now – IBN tells Tinubu

By Chinonso Alozie Owerri – The Igbo-Biafra Nationalists Movement, IBN, on Friday called on President Ahmed Bola Tinubu, to honour the late Former Chairman of the Nigeria National Electoral Commission, NEC, Professor Humphrey Nwosu. The IBN, spokesperson Edoziuno Chukwunonso, made this call in a statement to newsmen while commenting on the late Nwosu. Their reason […]

FG to raise VAT on luxury goods to 15%

FG to raise VAT on luxury goods to 15%

By Emma Ujah, Washington  DC The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has confirmed that the federal government would impose 15 percent Value Added Tax (VAT) on luxury goods, adding that total subsidy removal became effective last month. Fielding investors’ questions at a meeting on the sidelines of the on-going […]

DHQ: Arms found with terrorists stolen during ambushes on security forces

DHQ: Arms found with terrorists stolen during ambushes on security forces

The Defence Headquarters (DHQ) has disclosed that many of the arms and ammunition recovered from terrorists were originally stolen from the Nigerian Armed Forces and Police during ambushes or surprise attacks. Major General Edward Buba, Director of Defence Media Operations, clarified on Thursday that personnel of the Armed Forces do not deliberately supply weapons to terrorists.

Nigeria’s external reserves hits $40.2bn — CBN

Nigeria’s external reserves hits $40.2bn — CBN

Says Forex inflow hit $57bn   The Central Bank of Nigeria, CBN said that the nation’s external reserves has risen to $40.2 billion as at October 18, 2024. Deputy Governor, Economic Policy, Mr. Muhammed Andullahi   disclosed this at   a briefing with foreign investors on the sidelines of the on-going annual meetings of the IMF and World Bank […]

67% households use firewood for cooking — NBS

67% households use firewood for cooking — NBS

By Elizabeth Adegbesan A National Bureau of Statistics, NBS, has reported that 67.8 percent of Nigerian households in nine states  use firewood for cooking. The report titled: “The 2024 Nigeria Residential Energy Demand-Side Survey (NREDSS)”, released yesterday,  noted that  despite an upgrade to cooking gas, about 41 percent of households reported purchasing fuel wood. NBS said: […]