Connect with us

News

Minimum wage: I’ll approve what Nigeria can afford – Tinubu

Published

on

436 Views

President Bola Tinubu has said that he would approve a new minimum wage that the government can afford.

The President said this on Wednesday at a dinner to mark Nigeria’s 25 years of unbroken Democracy in Abuja.

Tinubu thanked those who stood by him over the years, promising Nigerians that he won’t depart from the tenets of democratic governance.

“I have to celebrate with you my dear brother, Senate President, Deputy Senate President,” he said, adding that Senate President Godswill Akpabio and his deputy, Jibrin Barau would soon get an Executive Bill from him on the new minimum wage.

“The minimum wage is going to be what Nigerians can afford, what you can afford and what I can afford. Cut your coat according to your size, if you have size at all,” he said.

The President also pledged to bring down the prices of food items by tackling the menace of banditry that has forced many farmers away from their farms.

He also rallied Nigerians to support his administration’s efforts to strengthen the economy and informed citizens that a bill for a new minimum wage would be sent to the National Assembly soon, among other things.

Recall that the government and the labour last Friday, failed to reach an agreement on the new minimum wage.

While labour again dropped its demand from N494,000 to N250,000, the government added N2,000 to its initial N60,000 and offered workers N62,000.

Both sides submitted their reports to the President who is expected to make a decision and send an executive bill to the National Assembly for a new minimum wage.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Boko Haram Denies Ceasefire with FG, Vows Continued Attacks

Published

on

51 Views

Boko Haram has strongly denied reports of a ceasefire agreement with the Federal Government and insisted that it will continue its campaign of attacks.

In a statement released by the group, the militants dismissed claims of any truce or negotiated pause in hostilities, describing such reports as false and misleading.

The group reaffirmed its commitment to ongoing operations against government forces and other targets, vowing that its attacks will persist without interruption.

The denial comes against the backdrop of persistent insecurity in the northeast and other affected regions, where the group has maintained a long-standing insurgency.

Security sources note that the latest statement appears aimed at clarifying the group’s position and rejecting any suggestion of dialogue or de-escalation with the authorities.

Military and government officials have not issued an immediate detailed response to the claim, though security operations against the militants remain active. Authorities continue to urge vigilance as the group signals its intention to sustain violence.

Continue Reading

News

Police Raise Alarm Over Terrorists and Informants Spying on Schools, Other Targets

Published

on

45 Views

Police authorities have raised a serious alarm over intelligence indicating that terrorists and their informants are actively spying on schools and other sensitive targets across the country.

According to security sources, the surveillance activities form part of a broader effort by extremist groups to gather information on soft targets, with educational institutions identified as particularly vulnerable. Officials warn that such reconnaissance could be a precursor to planned attacks and have called for immediate heightened vigilance by school administrators, security personnel, and the general public.

The police statement urges institutions to strengthen access controls, report suspicious individuals or activities promptly, and cooperate fully with security agencies. “We are treating these reports with the utmost seriousness,” a senior police official said, noting that the involvement of local informants makes the threat more difficult to detect.

The military has responded by confirming that it is closely monitoring the situation. In a brief statement, military authorities said relevant formations have been placed on alert and are working in coordination with the police and other security agencies to track and disrupt any potential threats.

Security experts note that schools and public gathering places have increasingly featured in the operational planning of terrorist groups in recent years, making continuous intelligence sharing and community awareness critical to prevention. Authorities continue to appeal for calm while stressing that proactive measures are already underway.

Continue Reading

News

Dangote Refinery IPO: SEC Warns Investors, ‘Don’t Pay Into Wrong Hands’

The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.

Published

on

By

43 Views

Aliko Dangote , flanks by her daughters and capital market regulators, during the gong opening ceremony on the NGX, Monday September 14,2026

The Securities and Exchange Commission (SEC) has warned prospective investors in the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO) against fraudsters and unauthorised platforms seeking to divert subscription funds.

The warning came as the refinery’s was quoted on the Nigerian Exchange Limited (NGX) on Monday, September 14, 2026, marking a major milestone in the company’s planned public offer.

With strong public interest expected around one of Nigeria’s largest capital-market offerings, the SEC urged investors to deal only with officially designated and approved receiving agents, subscription channels and platforms.

“The public is hereby advised to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents/subscription channels and platforms,” the Commission said.

The regulator’s alert highlights growing concerns over the possibility of fake investment websites, cloned platforms, fraudulent payment channels and individuals posing as authorised agents to exploit the huge interest generated by the Dangote Refinery offer.

The SEC therefore advised prospective investors to obtain information about the IPO only through the Commission’s official channels, the issuer’s official channels and other channels specifically established and approved for the offer.

The warning effectively places investors on notice that interest in the IPO should not override basic due diligence, particularly in verifying where subscription applications are submitted and where payments are made.

Continue Reading

Trending