Nigeria finalises bid process to sell five power plants for $1bn
The Federal Government, through the Ministry of Power, has concluded the sale of five power plants under the National Integrated Power Projects at a cost of about $1.15bn. Adebayo…
FG offers N62,000 minimum wage, labour demands N250,000
The Federal Government has increased its offer of a new national minimum wage to N62,000, while organised labour has reduced its demand from N494,000 to N250,000. This comes after…
Trump sells private jet to Republican donor amid cash squeeze
With more than $500m in court fines on his back, Donald Trump has sold one of the two private jets he owns to a major Republican donor. According to…
South Africa’s ANC will seek to form government of national unity
South Africa's African National Congress will invite other political parties to form a national unity government, its leader President Cyril Ramaphosa said on Thursday, after it lost its majority for…
Afrexim Bank disburses another $925m under NNPC’s $3.3bn oil-for-cash programme
Afrexim Bank has announced the disbursement of $925 million- another tranche of the $3.3 billion crude oil-backed loan agreement it entered into with the NNPC last year. The bank…
Many orphanages under investigation – NAPTIP
Prof. Fatima Waziri-Azi, the Director-General, National Agency for the Prohibition of Trafficking in Persons (NAPTIP), said many orphanages around the country are currently under investigation. She made this known…
Sanwo-Olu awards N10m to LASU’s best-graduating student
Lagos State Governor, Babajide Sanwo-Olu, has awarded N10 million to Olaniyi Mubaraq, the overall best-graduating student of Lagos State University (LASU). The announcement was made during the grand finale…
I have over ₦100m with them – Mercy Eke in dismay over closure of Heritage Bank
Following the CBN revoking Heritage Bank’s licence this week, many customers of the bank have been left in limbo panicking over money they had in the bank. One…
FPRO warns motorists ‘abducting’ policemen enforcing traffic rules
The Nigeria Police Force Public Relations Officer, ACP Olumuyiwa Adejobi, has warned drivers who abduct policemen and other law enforcement agencies in the process of carrying out their duties…
Presidency denies N105,000 new minimum wage proposal
Bayo Onanuga, special adviser on information and strategy to President Bola Tinubu, says Wale Edun, minister of finance and coordinating minister of the economy, did not propose N105,000 as…
