New Minimum Wage Commences March- NLC

The National President of the Nigerian Labour Congress, NLC, Comrade Joe Ajaero, has assured Nigerians that new minimum wage negotiation between the Federal Government and the organized labour will be finalized before March, 2023.

Senate Passes 2024 Appropriation Bill

The Senate, at plenary on Saturday afternoon, approved the sum of N28.7 trillion as the 2024 appropriation bill. The bill which was increased by a total of N1.2tn was passed following a voice vote by the Senate President, Godswill Akpabio. 

NIS: Automated Passport Applications Set To Commence January 8

Personnel of the Nigeria Immigration Service (NIS) on Wednesday began training ahead of the automated passport applications which is projected to commence on Monday, January 8. This was made known on Wednesday in a post released on the official handle of the Minister of Interior, Olubunmi Tunji-Ojo.

N’Assembly To Pass 2024 Appropriation Bill Today

The National Assembly is expected to hold a plenary by 1:00 pm today, Saturday, December 30, to pass the 2024 Appropriation Bill. It can be recalled that the Red Chamber had earlier adjourned plenary till Friday, December 29, to consider and pass the 2024 budget, however, the date was shifted.

NERC: No Approval To Increase Electricity Tariff

Following several media reports that electricity distribution companies popularly known as DisCos were planning to increase electricity tariff from January 1, 2024, the Nigeria Electricity Regulatory Commission (NERC) stated it has not issued any approval for such.

FG Fines BAT, Others $110Mn

The Federal Government (FG) through the Federal Competition and Consumer Protection Commission (FCCPC) has fined the British American Tobacco and its affiliate companies $110 million. This was made known in a statement issued on Wednesday by FCCPC, which stated that an investigation was initiated on 28 August 2020, over the company’s alleged infringement of the Federal Competition and Consumer Protection Act (FCCPA), National Tobacco Control Act and sundry legal instruments.

Dangote Refinery Receives 4th Crude Oil Shipment From NNPCL

Dangote Refinery has received its fourth shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Company Limited (NNPCL). The Dangote Oil Refining Company, a $20bn firm in a statement released on Sunday, expressed expectations of receiving the fifth shipment soon. "Preparations are in top gear for the commencement of production of Dangote Refinery, as the petrochemical company has received the fourth crude shipment of one million barrels of bonny light crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL), and expecting the fifth crude shipment, anytime from now," the company said. "The fresh one million barrels of crude was the fourth consignment to be delivered to the Dangote facility out of the six million barrels of crude being expected by the world's largest single-train refinery."

FG Commences Payment of N-Power Beneficiaries Salary Arrears

The Federal Government has approved the payment of backlog of NPOWER beneficiaries’ arrears across the country. Commencement of the payment was initiated by the Federal Ministry of Humanitarian Affairs and Poverty Alleviation after a painstaking verification exercise. Minister, Betta Edu, announced the release of funds on Wednesday night, stating that it brings renewed hope for Nigerian youths during the Christmas and New Year celebrations. Edu said President Tinubu’s interest in Nigerian youths is evidenced by the numerous policies and programs of his administration largely tailored toward providing opportunities for them. She wishes the beneficiaries who went through the painstaking process of the verification exercise, a Merry Christmas and a prosperous New Year with their loved ones.

Sterling Bank Sets Record With Africa's First Solar-powered Headquarters

The headquarters of Sterling Bank located in Marina, Lagos State is now the first organisational headquarters in Africa to be fully powered by solar energy. This significant milestone caps off a year of impressive strides in sustainability and positions Sterling Bank at the forefront of the continent’s green revolution. This conversion from traditional energy sources to solar not only propels the bank to forefront of environmental stewardship but paves the way for other institutions to embark on a journey to green energy. A statement from the financial institution on Sunday said, Sterling Bank Headquarters, known as Sterling Towers was now fully powered by solar energy. It stated, “The iconic Sterling Towers, located in the bustling centre of Lagos, now boasts an operation on an advanced solar energy system. This decisive switch underscores Sterling Bank’s dedication to reducing its ecological footprint and spearheading the adoption of renewable energy within the continent.

Telcos To Fully Block Subscribers Without NIN In February

Telecom companies in Nigeria including MTN, Airtel, and Globacom have advised all subscribers, whose Subscriber Identity Module, SIM cards are yet to be linked with their National Identity Numbers, NIN, to do so before February 28, 2024, or lose the numbers permanently. This came as the umbrella body of the telcos, the Association of Licensed Telecommunications Operators of Nigeria (ALTON) yesterday, said it had agreed to abide by the Nigerian Communications Commission (NCC) directive to delist telephone lines without NIN.