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May Day: N56, 000 minimum wage proposal ignored by FG

The Federal Government on Sunday kept mum over the recent demand by the organised labour for a new minimum wage of N56,000. The issue of the minimum wage was not mentioned by the Minister of Labour and Employment, Dr. Chris Ngige, who represented President Muhammadu Buhari, at the May Day rally in Abuja. Officials of the Nigeria Labour Congress expressed ...

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Toll will be introduced on some reconstructed roads – Fashola

The federal government is set to reintroduce toll on some roads that will be built or reconstructed. The Minister of Power, Works and Housing, Mr Babatunde Fashola SAN, made the declaration while fielding questions as guest on the popular Channels Sunrise Daily programme.  The minister said it would be pretentious to assume that the roads would get better if we ...

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Minimum wage: NLC gives reason for N56,000 demand

Organised labour led by the Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC) said on Friday that the failure of some states in the country to pay workers’ salaries will not stop them from demanding a review of the national minimum wage. Labour said apart from the fact that the minimum wage act was due for review, ...

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Nigerians attack Ben Bruce for his comments about Nigeria

The senator representing Bayelsa East senatorial district, Ben Murray-Bruce had on Thursday come under attack following a series of tweets he posted on this tweeter handle bothering on the current state of the economy. Murray-Bruce wrote, “Our economy needs fixing before it is too late or the elite must turn their homes to prisons by building big walls protect us ...

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N1.47bn will be saved with Nigeria-made SUVs

The Senate could save about N1.47bn on the amount it intends to splash on imported Sport Utility Vehicles being purchased for its 108 members should it decide to buy Nigeria-assembled SUVs. The Chairman, Nigerian Automotive Manufacturers Association, Mr. Tokunbo Aromolaran, stated this on Thursday at a press conference in Lagos, where he along with other members decried the lack of ...

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Shareholders laud Sterling Bank’s corporate governance principle

Shareholders of Sterling Bank Plc have lauded the bank for its strict adherence to corporate governance principles, even as they approved the bank’s 9 kobo dividend due to every investor for the 2015 operations. The shareholders who spoke on the 54th yearly general meeting of the bank, held in Lagos yesterday, also urge the bank to do everything within its ...

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My company will help Nigeria move to the next level – Dangote

  Businessman, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around the country’s economy. He spoke Lagos on Friday where he was honoured as “Man of the Year 2015’’ by The Guardian Newspapers Limited. Dangote said he was working hard with his company to take Nigeria to the next level and that within the ...

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How currency swap’ll reduce Nigeria’s dollar demand – Analysts

President Muhammadu Buhari’s currency swap and the whopping sum of $6 billion approved for the Federal Government by the Republic of China for financing of infrastructure and the budget deficit have continued to elicit diverse reactions from Nigerians. The currency swap, which is a derivative trading arrangement where the principal and interest of a local currency is exchanged for the ...

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Panama Papers: TB Joshua distance self from Shell Company

Founder of the Synagogue Church of All Nations (SCOAN), Prophet T.B Joshua, has reacted to reports that he has shares in a shell company in Panama. It was alleged that the leaked data of a Panamanian law firm, Mossack Fonseca, shows that Joshua and his wife, Evelyn, own Chillon Consultancy Limited, a company incorporated on June 20, 2006 at the ...

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FG to increase non-oil income by 87% due to Oil slump

The Federal Government is expecting non-oil revenues to nearly double this year as it steps up plan to offset the slump in oil revenues, according to a presentation seen by Reuters on Monday. President Muhammadu Buhari plans a record N6.06tn ($30.6bn) budget to stimulate the economy, which has been hammered by a fall in oil exports that had made up ...

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