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President Bola Tinubu has halted plans to automatically deduct 40 percent from the internally generated revenue (IGR) of federal universities. According to Premium Times, Tahir Mamman, the minister for education, spoke at the 75th Founder’s Day ceremony of the University of Ibadan (UI). The federal government had earlier said it was ready to implement a 40 percent automatic deduction from the IGR of federal universities and other partially-funded institutions. But the policy has been criticised as being insensitive by stakeholders in the education sector, including the academic unions. Mamman, who represented Tinubu at the UI ceremony, admitted that the policy…
Twenty-two Justices of the Court of Appeal have been nominated by the Federal Judicial Service Commission (FJSC), for elevation to the Supreme Court of Nigeria. Consequently, FJSC has sent the list of the 22 nominees to the National Judicial Council (NJC) for ratification and onward recommendation to President Bola Tinubu. The names of the nominees were revealed in an FJSC document released on Thursday. The nominees include the chairman of the defunct Presidential Election Petitions Court (PEPC), Haruna Tsammani, who hails from Bauchi State. The North-Central region has six nominees, while the South-West and South-South regions have two nominees each.…
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil-field deal. The West African country’s justice ministry will waive the claims before Italy’s highest court “unconditionally” and “with immediate effect” no later than Nov. 17, according to a letter seen by Bloomberg. The nation will also “irrevocably” waive the right to any further legal action in Italy against Eni, its affiliates, and current and past officers in regard to rights for the field, known as Oil Prospecting License 245, or OPL 245. Eni…
Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have suspended the nationwide strike they embarked on Tuesday. The suspension of the strike came after leaders of the two unions met with representatives of the federal government in a meeting on Wednesday at the office of the national security adviser (NSA). At the end of the meeting, the labour unions agreed to consult with their members on the next step concerning the nationwide strike. The federal government was represented at the meeting by Simon Lalong, minister of labour and employment; Nkeiruka Onyeajeocha, minister of state for labour and employment, and…
Nigeria’s headline inflation rate for October 2023 has increased to 27.33 percent, the National Bureau of Statistics (NBS) has disclosed. The figure is 0.9 short of the 28.2 percent recorded 18 years ago, in August 2005. The NBS in a report released on Wednesday said, on a year-on-year basis, the headline inflation rate was 6.24 points points higher compared to the rate recorded in October 2022, which was (21.09 percent). “The increase in the headline index for October 2023 was attributed to the increase in some items in the basket of goods and services at the divisional level. “These increases…
A former minister of finance, Onaolapo Soleye, is dead. Soleye died on Wednesday at a private hospital in Abeokuta, the capital of his home Ogun state. He was aged 90. He was the finance minister under the military regime of Muhammadu Buhari from 1984 to 1985. He had earlier served as commissioner for works in Ogun State. Soleye’s family, in a statement on Wednesday, said he passed away four days after celebrating his 90th birthday on Saturday. ‘With heavy hearts but with gratitude to God Almighty for a long, impactful and positively eventful life, the family announces the passing of…
Nigerian Labour Congress, NLC, and Trade Union Congress of Nigeria, TUC, nationwide strike recorded mixed compliance across the states, yesterday. While some states were shut down with banks, public schools, courts and others shut down, some states recorded partial compliance and a few did not comply. The directives of the two labour bodies were carried out in Lagos, Anambra, Abia, Ebonyi, Kebbi, and Edo among others. In Kano, banks and schools were shut as the government suspended qualifying examinations. Also schools were shut in Osogbo, the Osun State capital with the police beefing up security to avoid breakdown of law…
Central Bank of Nigeria (CBN) says the old naira notes will remain legal tender beyond December 31, 2023 — and no longer have a deadline. CBN said this in a statement signed by Isa AbdulMumin, director, corporate communications, on Tuesday. In March 2023, the supreme court had extended the deadline to phase out the old naira notes to December 31, 2023. Prior to the CBN lifting the deadline, on November 8, the apex bank had issued a statement informing Nigerians that the old naira notes remain legal after reports of anxiety over its legality. The apex bank on Tuesday said…
Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have directed all workers in Nigeria to withdraw their services effective midnight, November 13, 2023. The decision, an outcome of the Joint National Executive Council (NEC) meeting of NLC and TUC, was conveyed in a joint statement on Monday urging workers to withdraw their services starting at 12:00 midnight on November 13. “In furtherance to the decision of the Joint National Executive Council (NEC) of NLC and TUC, all workers in Nigeria are hereby directed to withdraw their services effective 12:00 midnight today, 13th November 2023,” the unions said in…
The presidency has criticised the organised labour over its directive on nationwide strike as a result of the assault on Joe Ajaero, Nigeria Labour Congress (NLC) President. The organised labour comprising NLC and Trade Union Congress (TUC), directed all affiliate unions of the two labour centres to implement the resolutions of the joint National Executive Council of TUC and NLC from midnight of Tuesday, November 14, 2023. President of TUC, Festus Osifo, who addressed reporters at Labour House earlier in the day, said the strike would remain until “governments at all levels wake up to their responsibility.” But in a…
November 23, 2024

NNPC not delivering quantity of crude oil agreed on, Dangote refinery says

The federal government's plan to sell crude priced in the local currency is faltering, with…
November 22, 2024

Tinubu’s borrowing spree retuning Nigeria back into debt peonage - Atiku

Former Vice President Atiku Abubakar has criticized the President Bola Tinubu-led administration for the increasing…
November 23, 2024

Do these 3 things to feel happier today—they take less than 10 minutes

Prioritizing your joy can feel like an abstract assignment that, frankly, many of us don't…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 22, 2024

FG excited as pro-Biafra agitator Simon Ekpa arrested in Finland on terrorism charges

Simon Ekpa, the controversial leader of the pro-Biafra faction Autopilot, was arrested by Finnish authorities…
November 23, 2024

What to know after Day 1003 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin announces mass production of Oreshnik missiles Russian President Vladimir Putin confirmed on…
November 21, 2024

Nigeria comes top in instant payment system inclusivity index in Africa

Nigeria’s instant payment system is projected to advance to the maturity inclusion spectrum ahead of…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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