Cross River State Governor, Bassey Otu, has approved a new minimum wage of N70,000 for state workers, marking a significant step toward improving their welfare.   In a statement shared on his X page on Monday, Governor Otu explained that the decision was the outcome of an agreement between the state government and organised labour on implementing the revised national minimum wage. The governor announced that the agreement includes a consequential…

The Nigeria Police Force (NPF) has rejected a report by Amnesty International alleging police misconduct during the #EndBadGovernance protests in August 2024.  The 34-page document accused the police of excessive force, wrongful arrests, and culpability in the deaths of protesters. In response, the police in a statement by Olumuyiwa Adejobi labelled the claims as “falsified, confusing, and inconsistent with official incident reports.” Adejobi emphasised police adherence to established rules of…

The Nigeria Police Force has made a significant breakthrough in its fight against cybercrime, with the arraignment of 113 foreign nationals involved in sophisticated cyber-related criminal activities.  This was announced by the police spokesperson, Olumuyiwa Adejobi on Monday. The Inspector-General of Police (IGP), Kayode Egbetokun reaffirmed the police’s expertise and commitment to securing Nigeria’s cyberspace. The suspects, who were apprehended on November 3, in Jahi, a suburb of the Federal…

On November 26, the old Port Harcourt refinery commenced crude oil processing and also began the loading of petroleum products for trucks after years of being moribund.The NNPC said the petroleum products loaded from the refinery’s gantry were premium motor spirit (PMS), also called petrol; automotive gas oil (AGO), otherwise called diesel, and kerosene.The NNPC also disclosed that the refinery began daily production of straight-run petrol (naphtha), which is blended…

Baba Yusuf, CEO of Global Investment and Trade Company, has shared critical insights on President Bola Ahmed Tinubu’s proposed tax reforms, emphasising the need for strategic implementation and stakeholder engagement.Speaking on ARISE NEWS on Sunday, about the reform bill, Yusuf cautioned against partial implementation of the reforms, stressing that selective adoption of measures would render the reforms ineffective.“We are very good with bringing up policies but the implementation is always…

The 2023 presidential candidate of the Labour Party, LP, Peter Obi, has reaffirmed his commitment to education as a catalyst for national development.  The former Anambra State Governor in a statement on his X page highlighted the importance of equipping young learners with essential tools at Saint Augustine College in Mayo-Belwa. Saint Augustine College, Obi provided the school with 10 laptops and a printer to enhance students’ computer literacy and…

The Central Bank of Nigeria (CBN) has revealed plans to launch its newly redesigned website on December 2.   Hakama Ali, the Acting Director of Corporate Communications at the CBN, disclosed this in an official statement. The revamped website, accessible at www.cbn.gov.ng, promises a fresh look and expanded functionality. Ali highlighted that the redesigned platform will feature a wealth of new content, offering comprehensive insights into the Bank’s mandate and operations. …

Former President Olusegun Obasanjo has expressed his gratitude to General Yakubu Gowon (rtd.) after Gowon revealed that he had personally pleaded with the late General Sani Abacha to spare Obasanjo’s life during the latter’s imprisonment. Gowon made the revelation during the Plateau Interdenominational Unity Christmas Carols and Praise Festival in Jos, where he spoke of his efforts to prevent Obasanjo’s execution. He explained that he wrote a letter to Abacha,…

Workers in the Federal Capital Territory (FCT), Cross River, Nasarawa, Ebonyi, Kaduna, and Zamfara states are set to embark on a strike from Monday, December 2, following the failure of state authorities to implement the N70,000 new minimum wage. This strike is a response to the ongoing inability of various state governments to negotiate and finalize the payment of the national minimum wage. The Nigeria Labour Congress (NLC) had earlier…

The NASD Over-the-Counter (OTC) Exchange has urged public limited companies to adhere to the Securities and Exchange Commission’s (SEC) regulation mandating that the securities of public unlisted companies be traded exclusively on SEC-registered OTC platforms. Under this rule, the purchase, sale, and transfer of securities for unlisted companies are prohibited outside of a registered stock exchange, to ensure greater transparency in trading. The SEC requires that the securities of public…

The Nigerian Exchange Limited (NGX) ended last week on a negative note, reflecting the stock market’s response to the Central Bank of Nigeria’s (CBN) recent interest rate increase. On the heels of the Monetary Policy Committee (MPC) decision, the CBN raised its benchmark interest rate, the Monetary Policy Rate (MPR), by 25 basis points to 27.5%, up from 27.25%. This marked the sixth consecutive rate hike of the year, bringing…

Dozens of people were killed on Sunday, December 1, following violent clashes between football fans at a match in N’Zerekore, Guinea’s second-largest city, hospital sources reported to AFP. The scenes at the local hospital were described as horrific, with bodies filling every available space. “There are bodies lined up as far as the eye can see in the hospital. Others are lying on the floor in the hallways. The morgue…