The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has authorized the prompt execution of a N70,000 minimum wage for all employees of the Federal Capital Territory Administration (FCTA). This payment will commence in November 2024 and will also cover three months of arrear The statement, signed by Anthony Odeh, Press Secretary to the…
In a bid to improve billing accuracy and enhance customer satisfaction, the Yola Electricity Distribution Company (YEDC) has announced the rollout of 1,880 prepaid meters to Band A customers as part of the Meter Asset Funds (MAF) Scheme. This strategic initiative follows the cessation of electricity subsidies for Band A customers in April and aims…
In a statement Monday night, the Central Bank of Nigeria (CBN) alerted the public to the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the Bank. The apex bank said it wish to clarify that this is false. In…
In a move to strengthen bilateral relations, the Nigeria Customs Service (NCS), on 16 November 2023, signed a Customs Mutual Administrative Agreement (CMAA) with its Indian counterpart. The Comptroller-General of Customs, Adewale Adeniyi, represented the NCS during the signing ceremony, held at the Ministry of Foreign Affairs in Abuja. This agreement formed part of the…
President Bola Tinubu has welcomed the Indian Prime Minister Narendra Modi for a State Visit at the Presidential Villa in Abuja on Sunday. Prime Minister Modi arrived Nigeria on Saturday, according to a statement by the Special Adviser to the President, Information & Strategy, Bayo Onanuga. The statement read, “His visit to Nigeria will be…
The Enugu Electricity Distribution Company PLC (EEDC) has attributed recent power outages in parts of Imo and Abia states to a loss of supply from the Alaoji Transmission Company of Nigeria (TCN). In an official statement released on Saturday, EEDC’s Head of Corporate Communications, Emeka Ezeh, confirmed that residents in Imo and parts of Umuahia,…
The International Monetary Fund (IMF) has listed Nigeria among countries failing to achieve desired economic outcomes, despite reforms efforts by the federal government. According to the IMF’s latest sub-Saharan Africa outlook, Nigeria’s growth rate for 2024 is forecast at just 3.19%, below the region’s average of 3.6%. In her presentation at the Lagos Business School,…
Hussaini Kafi in Kano Kano State has announced plans to enhance its technological infrastructure by establishing Computer-Based Testing (CBT) and Information and Communication Technology (ICT) centers in all 44 local government areas (LGAs). The commitment was revealed in a statement signed by Auwalu Garba, Director of Planning, Research, and Statistics at the Ministry of Science,…
…Orders Banks to Prioritize ATM Cash Disbursement Korede Abdullah in Lagos The Central Bank of Nigeria (CBN) has issued a directive to banks, prioritizing cash disbursement through automated teller machines (ATMs) to ensure efficient and responsible cash distribution to the public. “For the avoidance of doubt, it should be noted that DMBs to whom cash…
A report by the National Bureau of Statistics (NBS), has shown that Nigeria’s inflation rate rose sharply to 33.88% in October 2024, compared to 32.70% in September. This 1.18 percentage point increase within a month highlight growing economic challenges for millions of Nigerians. The report, released on Friday via the NBS website, highlighted that year-over-year…
