Top 5 Tales Of The Day | Presidency Denies ₦105k as Minimal Wage as NLC Waits for Tinubu’s Response

Top 5 Tales Of The Day | Presidency Denies ₦105k as Minimal Wage as NLC Waits for Tinubu’s Response

Presidency

  • Presidency denies ₦105k as minimum wage as NLC waits for Tinubu’s response
  • Nigeria secures $925 million mortgage from Afreximbank
  • Kano Remark approves ₦2.9 billion NECO bills for underprivileged college students
  • Atiku requires investigation into FG’s denial of fuel subsidy fee
  • Entrepreneurs direct trace wreck of cooking gasoline

Across Nigeria’s 36 states and the Federal Capital Territory, these are the 5 top Nigerian records tales you shouldn’t lag over.

Presidency denies ₦105k as minimum wage as NLC waits for Tinubu’s response

Minimal Wage

Giving the Minister of Finance and Coordinating Minister of the Economic system, Wale Edun, 48 hours to attain up with a template for the minimum wage, the minister in the end submitted his outcomes from findings and look at to the President.

On the different hand, unfaithful records unfold spherical suggesting that the Minister of Finance had submitted ₦105,000 because the factual supply for a minimum wage, nevertheless the presidency changed into as soon as like a flash to debunk the rumours, claiming the minister failed to post ₦105k.

And not utilizing a response from the presidency and the Tripartite Committee, the Organised Labour consisting of NLC and TUC has been patiently attempting ahead to solutions after relaxing the strike for a week to listen to the affords of the federal authorities.

Nigeria secures $925 million mortgage from Afreximbank

Nigeria has all over every other time increased its debt portfolio by receiving a novel mortgage of $925 million from the African Export-Import Bank (Afreximbank) to stabilise its economic system.

Afreximbank announced its most modern mortgage given to the Nigerian authorities on its net page below the syndicated $3.3 billion uncouth oil-backed prepayment, which changed into as soon as sponsored by the Nigerian Nationwide Petroleum Firm Miniature (NNPCL).

Kano Remark approves ₦2.9 billion NECO bills for underprivileged college students

The Kano Remark authorities has accredited the distribution of ₦2.9 billion to duvet the bills of wretched college students who are residing to write Nationwide Examinations Council (NECO) and Nationwide Board for Arabic and Islamic Reviews (NBAIS).

The verbalize authorities has published that a total of 119,903 college students are eligible to rep the NECO (₦24,250) and NBAIS (₦21,000) sponsorship as they’re unable to pay the mandatory bills.

Kano’s Commissioner of Training, Dr Umar Doguwa, shared the records at a media briefing, declaring that if any student bought no much less than four credits on their mock exams, they would be eligible for the sponsorship.

Atiku requires investigation into FG’s denial of fuel subsidy fee

The 2023 Presidential candidate, Atiku Abubakar, has demanded that the Nationwide Assembly investigate the alleged secret fuel subsidy below President Tinubu’s administration.

Atiku, in a assertion by his Media Adviser, Paul Ibe, requested that the federal authorities must prove braveness in taking accountability for its policies and their penalties because it owes Nigerians transparency.

A file leaked to the media published that the federal authorities had spent a sum of ₦3.6 trillion in 2023 on fuel subsidies and would seemingly use ₦5.4 trillion in 2024. In distinction, the FG claimed that fuel subsidy changed into as soon as now not effective.

Entrepreneurs direct trace wreck of cooking gasoline

The cost of liquefied petroleum gasoline, often identified as cooking gasoline, has reportedly diminished nationwide.

The Nationwide Association of Liquefied Petroleum Fuel Entrepreneurs (NALPGAM) formally confirmed the 40% descend within the associated fee of cooking gasoline because it drops from ₦1,500/kg to ₦900/kg.

The cost wreck of cooking gasoline is attributed to the FG’s decision to ban the exportation of the product and speak all domestically produced LPG to live inner Nigeria.

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