On Wednesday, the federal government chastised organized labor for failing to take into account the wider economic consequences of their demands for an unjustifiably higher national minimum wage. The admonition was delivered by Mohammed Idris, Minister of Information and National Orientation. Idris warned that the N250,000 minimum salary proposed by labor may damage the economy,…
Imole Noble Educational Foundation (INEF) is currently accepting applications from interested and eligible Nigerian undergraduate students for its 2024 Scholarship Award. The scholarship is opened to only the well-performing indigent student who are in 100 to 200 level in public universities across the 6 geo-political zones in Nigeria. The scholarship winners would get financial aid…
If I ask you the following question: Are you financially secure? What will your response be? Many will rush to say yes. But it is on the contrary. Financial security goes beyond what we can take with a light hand. It is the central bank and the control room for a lasting and reliable future. …
The one-week grace period granted to the Federal Government on Tuesday, June 4, 2024, will end at midnight on Tuesday, June 11, 2024, according to Organised Labour. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) said that their organs would meet tomorrow (Tuesday) to decide whether to resume the nationwide industrial action…
Undergraduate students in universities, colleges, and other tertiary institutions are eligible for the scholarship. Applications for the 2024 Edo Club of New Jersey Scholarship are now being accepted from interested and eligible candidates. The scholarship provides money to help students with their studies to close the achievement gap between financial hardship and university graduation. Table…
The federal government and the organized labor unions, NLC and TUC, met on Friday after several hours of meetings. The federal government was able to increase the proposed new minimum wage from the earlier N60,000 to N62,000. The organized labor has changed their mind by shifting their demand from N494,000 to N250,0000.” This marks the end…
Wale Edun, minister of finance and coordinating minister of the economy, has submitted new national minimum wage options and projected cost implications to President Bola Tinubu. The minister of finance, accompanied by the minister of economy, has successfully submitted the new minimum wage proposal with all the associated costs of implementation. The new minimum wage…
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The scholarship program is a continuation of our ongoing efforts, which have included the Youth Leadership Series (YLS), the Higher Institution Football League (HIFL), and other events, to support the goals and desires of young people in Nigeria. The scholarship program is available to students who took part in the 2023 Unified Tertiary Matriculation Examination…
The Central Bank of Nigeria (CBN) revoked Heritage Bank’s operating license Wednesday, citing the bank’s board of directors’ inability to enhance the bank’s financial performance. The Nigeria Deposit Insurance Corporation, or NDIC, announced that it has started the bank’s liquidation process and that it will pay each depositor’s guaranteed amount of N5 million. “The Central…
“Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024, and the appointment of the Nigeria Deposit Insurance Corporation (NDIC) as the Liquidator, under Section 12(2) of BOFIA, 2020, the corporation wishes to announce to depositors of the bank in particular and the…
The Nigerian government has proposed a new minimum salary of N60,000, which the Trade Union Congress (TUC), has promised to reject. TUC President Festus Osifo said this on Tuesday during an appearance on Politics Today on Channels Television. READ ALSO: Tinubu Orders Finance Minister to Unveil New Minimum Wage Blueprint in 48 Hours We also told…
Wale Edun, the minister of finance, has been instructed by President Bola Tinubu to submit a blueprint for a new minimum wage. Mohammed Idris, Minister of Information and National Orientation, made this statement in Abuja on Tuesday following a meeting between the President and a delegation from the Federal Government discussing the new minimum wage….
Transparency in the student loan scheme’s implementation has been advocated by the National Nigerian Students. “Education remains our major focus. The nation’s top student body demanded that the Federal Government designate someone with unwavering honesty and skill to supervise loan disbursement. According to NANS, doing this would ensure the scheme’s sustainability as well as its…
It is now official that some union have closed their offices and agreed to comply with the directive from both TCN and ASUU to embark on an Indefinite strike. It was formally announced by the Labour union on Friday, that they will commence a nationwide indefinite strike because the Federal Government refused to increase the…
The Federal Government’s student loan program has drawn criticism from the Academic Staff Union of Universities, Calabar Zone, which views it as a scheme to enslave Nigerian students and force them to be indebted to the nation forever. The portal for loan applications launched last Friday, marking the formal launch of the Federal Government student…
The Osun State Government has mandated that “Nigeria, We hail thee,” the revived national anthem recently approved by President Bola Tinubu, be recited in both public and private schools within the state. Osun State Governor: Adeleke The directive was found in a statement received in Osogbo on Friday and signed by the Permanent Secretary of…
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Tapswap Mining Have you been wondering why everyone is tapping their phone screen everywhere? People are tapping on the street, in transit, and in almost every community circle. Why Tapswap Coin? Tapswap is now the biggest cryptocurrency community. The world of blockchain is closer than ever, and youth and elite individuals are desperate to explore…
According to the Central Bank of Nigeria (CBN), new user enrollment for mobile money providers, which includes fintech companies like OPay, Palmpay, Kuda Bank, and Moniepoint, will resume “in another couple of months.” This was said by CBN Governor Olayemi Cardoso on Tuesday during the 295th Monetary Policy Committee (MPC) meeting at the central bank…
The Federal Government has been issued a two-month ultimatum by the Academic Staff Union of Universities to execute all of its demands, or face legal repercussions, including the deployment of the “no pay, no work” policy. Zonal Coordinator Adelaja Odukoya stated that Nigeria was on the brink of collapse during a press conference on Tuesday…
The Nigeria Education Loan Fund has announced that students in federal tertiary institutions would be the first to use the Students’ Loan portal, which is scheduled to launch formally on Friday. This is in line with the Fund’s announcement that the only pupils who can apply are those whose schools have uploaded their data to…
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Training in digital skills for free, with prizes of up to N150 million! Advance your profession in fields such as data analysis, product design, software development, digital marketing, and more. K–12, youth, and civil servants are welcome. Africa’s biggest digital skilling competition, the Tech4Dev Digital for All Challenge, offers competitive incentives to promote the usage…
