In a significant move to protect the rights of employees, the House of Representatives is advancing a groundbreaking bill titled the “Employees Remuneration Protection Bill, 2023.” Sponsored by Wale Hammed, a representative from Lagos State’s Agege federal constituency, the bill aims to criminalize the delay and non-payment of salaries by both individuals and corporate entities […]
President Bola Tinubu has voiced concern over the alarming number of out-of-school children in Nigeria, emphasizing the need for urgent action. During a meeting with the National Working Committee (NWC) of the All Progressives’ Congress (APC) in Lagos, Tinubu Advocates Progressive of establishing more schools, hiring teachers, and providing daily meals for schoolchildren. He asserted […]
In a groundbreaking revelation, Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has underscored the colossal potential of Nigeria’s Non-Oil Asset, estimating their worth to be between N80tn and N100tn. Speaking at a high-profile stakeholders’ forum organized by the Harvard Business School Association of Nigeria in Lagos, Oyedele asserted […]
In a significant development, Enugu State Governor Peter Mbah has officially signed the N521.5 billion 2024 budget into law, expressing confidence that it will spur disruptive economic growth, catalyze radical infrastructural development, and enhance efficient service delivery in the state. The Enugu State 2024 Appropriation Law comprises a substantial N414.3 billion allocated to Capital Expenditure, […]
As the countdown to the commencement of the 2024 fiscal year ticks away, Nigeria’s Revenue Prospects outlook. The price of Nigeria’s Bonny Light oil recently surged to $81.11 per barrel, surpassing the $78 per barrel it closed at last week. This upswing represents an excess of $3.15 per barrel compared to the 2024 budget reference […]
In a recent revelation, the World Bank Forecasts a continued wave of persistent insecurity, armed conflicts, and worsening livelihoods in several local government areas across Nigeria until May 2024. The affected regions include Borno, Kaduna, Katsina, Sokoto, Yobe, Zamfara states, and the far north of Adamawa State. This grim forecast comes as the global financial […]
Challenges in Nigeria midst of calls from power sector operators urging the Federal Government to eliminate subsidies on electricity tariffs, a significant challenge has come to light—over seven million customers are still without electricity meters in the power sector. The absence of meters leaves customers unable to monitor energy consumption, resulting in estimated bills from […]
In a high-profile meeting with the Nigeria Governors’ Forum (NGF) at his Lagos residence, President Bola Tinubu Calls for Peace, shared responsibility of federal and sub-national governments in ensuring the peace and stability of the country. The president, expressing concern over recent killings in Plateau State, issued a strong directive to security agencies to halt […]
In a bid to dispel concerns arising from unverified reports, the CBN Assures Nigerians the safety of funds within Nigerian banks, underscoring the robust stability of the nation’s banking sector. The apex bank, through a statement issued by the acting Director of Corporate Communications, Hakama Sidi-Ali, on Wednesday, sought to allay fears stemming from speculations […]
The CBN Advocates Recapitalization, Governor, Dr. Olayemi Cardoso, advocates for banking recapitalization to safeguard financial institutions from macroeconomic risks and facilitate funding for significant transactions. Speaking at the 2023 Nigeria Sustainability Summit in Lagos, Cardoso, represented by Mr. Haruna Bala Mustapha, Director of Financial Policy and Regulation at the CBN, underscores the imperative of protecting […]