They are also protesting the government’s alleged failure to implement agreements reached between both parties on October 2, 2023, following the removal of the fuel subsidy. The Nigerian Labour Congress on Tuesday began its two-day massive protest in Lagos State over the bad state of the economy in the country. …
Read More »Central Bank Of Nigeria Begins Sales Of Dollars To Bureau De Change Operators At $1/N1301
CBN, therefore, mandated all the Bureau De Change operators to sell at a margin not more than one per cent (1 per cent) above the purchase rate. The Central Bank of Nigeria on Tuesday announced the commencement of sales of foreign exchange worth $20,000 t eligible Bureau De Change operators …
Read More »Lagos State Commissioner Of Police Joins NLC Nationwide Protests Over Hardship
The Lagos State Commissioner of Police, Adegoke Fayoade, is among those leading the ongoing two-day massive protest in the state over the bad state of the economy in the country. In a photograph, CP Fayoade, together with his team, was seen marching with thousands of residents along Awolowo way, Ikeja, …
Read More »Federal lawmakers are not well paid — Deputy Speaker
Deputy Speaker, Benjamin Kalu The Deputy Speaker of the House of Representatives, Benjamin Kalu, says federal lawmakers are not earning enough salaries for the enormous jobs they are doing. Kalu who said this on Channels Television’s “Politics Today” on Monday, criticised those calling for the salaries of the lawmakers to …
Read More »Logos Olori hails Davido’s influence in music industry
Logos Olori and Davido DMW signee, Olamilekan Emeka Taiwo also known as Logos Olori has praised his label boss, Davido over his notable influence in the music industry. Logos shared on his micro-blogging platform X, predicting that in the future, Nigerians would acknowledge Davido’s influence and praise him as the …
Read More »Our protests motivated by hunger, not minimum wage – NLC President
NLC President, Joe Ajaero leading protesters The President of Nigeria Labour Congress (NLC) Joe Ajaero has said the union decided to call Nigerians out for a two-day protest not because of the minimum wage, but because of the general hunger in the country. Ajaero told journalists that the removal of …
Read More »CBN Excludes Over 4,000 BDCs, Says Only 785 Operators Qualify For $20,000 Weekly Intervention
…Crashes Price Of Dollar To N1,313 The Central Bank of Nigeria has instructed Bureau de Change sellers not to sell above one per cent of the above purchase rate from the $20,000 weekly interventionwhich it has reintroduced. We had reported that the apex bank will resume its weekly intervention to BDCs …
Read More »Protesters entitled to police protection – Falana writes IGP
Femi Falana (SAN) Mr Femi Falana, a Senior Advocate of Nigeria has written a letter to Inspector-General of Police (IGP) Kayode Egbetokun, calling on the police authorities to give protesters adequate protection. The human rights activist warned the Nigeria Police Force against clamping down on members of the Nigeria Labour …
Read More »Plan your movement: FG, Lagos announce total closure of Third Mainland Bridge
Third Mainland Bridge The Lagos State Government has released notification for the planned total closure of the Third Mainland Bridge by the Federal Ministry of Works. A statement from the Commissioner for Transportation, Oluwaseun Osiyemi late Monday, said the total closure Third Mainland Bridge which is to allow the contractor …
Read More »Contractor Awarded 700km Coastal Highway Lacks Capacity To Finance Project-Umahi
Dave Umahi and High Tech Construction African Limited The Engineering, Procurement, Construction and Financing (EPC+F) contractor, High Tech Construction African Limited that was awarded the 700-kilometre coastal highway has failed to raise the needed funds for the construction of the project, according to the Minister of Works, Dave Umahi. Umahi …
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