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A fiery debate has ignited across Nigeria, sparked by the Labour movement’s audacious proposal for a new minimum wage of N615,000. This figure, a staggering increase from the current N30,000, has sent shockwaves through the nation’s economic landscape. Championed by Aj. Dagga Tolar, the proposal has garnered passionate support from Nigerian workers yearning for a living wage amidst rampant inflation. However, skeptics remain unconvinced, questioning the feasibility of such a dramatic increase. A Long Overdue Raise: Labour Movement Makes a Stand For years, Nigerian workers have grappled with a stagnant minimum wage that struggles to keep pace with the ever-rising…

Aliko Dangote, Africa’s richest man and president of Dangote Industries Limited, has launched a scathing critique of the Nigerian economy in 2023. Speaking at the annual general meeting (AGM) of Dangote Sugar Refinery Plc on Tuesday, Dangote singled out the dramatic devaluation of the Naira as the “biggest mess created” during the past year. From N460 to N1,400: A Naira in Nosedive The year 2023 witnessed a significant decline in the value of the Nigerian Naira against major foreign currencies, particularly the US Dollar. Dangote pointed to a staggering devaluation, with the Naira plummeting from N460 to a worrying N1,400…

The Nasarawa State Police Command has apprehended four individuals impersonating operatives of the Economic and Financial Crimes Commission (EFCC). These imposters stand accused of robbing students of the Federal Polytechnic Nasarawa and kidnapping a National Diploma II (ND II) student, Adudu Kingsley. The arrest, which comes after a daring operation by the police, puts an end to the criminal activities of a gang that had instilled fear amongst students residing at Samakwe Lodge, behind Government College, Nasarawa LGA. The Incident Unfolds According to Nasarawa State Police Public Relations Officer, DSP Ramhan Nansel, who confirmed the arrest in a statement, the…

Bayelsa State: Governor Douye Diri has established a high-powered committee. This committee, tasked with meticulously evaluating the state’s financial capacity and proposing a realistic framework for the wage increase, signifies a proactive approach by the Bayelsa State Government. The announcement, made on April 25, 2024, during the May Day celebrations in Yenagoa, the state capital, comes amidst nationwide discussions on the minimum wage. The current national minimum wage, set at N30,000 ($68 USD) in 2019, has been a source of contention, with some states struggling to meet this financial obligation. Addressing Worker concerns and ensuring Responsibility Governor Diri, acknowledging the…

For over 15 grueling months, the backs of the cleaners at Abubakar Tafawa Balewa University (ATBU), Bauchi, have bent under the weight of an unseen burden—unpaid salaries. These unsung heroes, the women and men who toil silently to keep the university pristine, find themselves battling not just dust and grime but the gnawing pangs of hunger and the crushing weight of mounting debt. Their plight, a stark reminder of the human cost of contractual failures, has ignited outrage and forced a harsh spotlight on the university’s handling of outsourced labor. Isah Yankari, Chairman of the Campus Cleaners Committee at ATBU,…

Nigeria’s music scene has been rocked by a nasty public spat between Afropop giants Tekno and Kizz Daniel. The source of the discord? The massive success of their 2022 collaboration, “Buga,” which has become a global anthem,. What began as a chart-topping collaboration appears to have devolved into a messy fight over revenue and, more worryingly, bruised egos. The drama unfolded on social media, with both artists taking to their platforms to air their grievances. It all started with a now-debunked blog post claiming Tekno had revealed receiving a hefty sum—close to a billion naira—from Kizz Daniel as his share…

For wanderlust-stricken Nigerians yearning to explore the world, a recent report by VisaGuide’s World Passport Index has delivered a disheartening blow. The Nigerian passport has been ranked a lowly 10th worst in the world, making it the fourth weakest travel document on the African continent. This ranking signifies a significant barrier for Nigerians seeking visa-free travel opportunities. The report, released in April 2024, utilizes the Destination Significance Score (DSS) to assess and rank passports globally. This score reflects the number of countries a passport holder can access without prior visas. With a dismal ranking of 191 out of 199 countries,…

FCMB Group Plc (FCMB), a leading Nigerian financial institution, has announced a remarkable financial performance for the year 2023. The bank recorded a staggering 186% year-on-year increase in profit before tax, reaching a record-breaking $104.4 billion. This phenomenal growth signifies a period of significant expansion and strategic success for FCMB. The news, made public on May 1, 2024, sent ripples of excitement through the Nigerian financial sector. FCMB’s impressive results stand as a testament to the bank’s commitment to innovation, customer focus, and a dedication to driving economic development in Nigeria. A Year of Growth Across All Segments FCMB’s impressive…

A once-vibrant beachfront haven now lies in ruins, leaving patrons and stakeholders reeling from a sudden and controversial demolition. Landmark Beach, a popular leisure destination on Victoria Island, Lagos, was partially demolished on Monday, April 29, 2024, by federal bulldozers, sparking outrage and igniting a debate on due process and the treatment of private businesses. The demolition, which reportedly took place within a mere six hours, razed several structures, including cabanas, a football turf, and the iconic Breeze Beach Club, a central attraction at the resort. The action left patrons bewildered and the parent company, Landmark Africa, fuming. Landmark’s Anguish:…

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the imminent issuance of a full operating license to the Dangote Petroleum Refinery. This news comes after months of anticipation and underscores the government’s commitment to self-sufficiency in petroleum product refining. The announcement was made by NMDPRA Chief Executive Officer, Farouk Ahmed, during a stakeholders’ consultation forum held in Abuja on April 25, 2024. Ahmed acknowledged that only three refineries in Nigeria currently possess valid operating licenses. He assured industry players and the public that the long-awaited license for the Dangote Refinery was on the horizon. A Refinery of…