GISTSMATE MEDIA reports that the Nigeria Labour Congress on Monday evening confirmed the invitation of its president, Joe Ajaero, by the police over issues bordering on alleged terrorism financing. The Congress’ spokesperson, Benson Upah, made this known in a statement he signed and made available to our correspondent. The PUNCH earlier reported that Ajaero was…
The Nigerian government has announced the issuance of a $500 million five-year domestic dollar bond, opening for subscription on August 19, 2024. The bond offers a competitive interest rate of 9.75%, aimed at attracting both local and international investors. The bond issuance is part of the government’s ongoing efforts to diversify its funding sources and…
The governments of Lagos, Osun, Oyo and Ogun have declared Tuesday, 20 August, a public holiday to commemorate the Isese Day celebration. The announcements were contained in separate circulars on Monday by the commissioners of information for each state. Bode Agoro, the head of service in Lagos, said the decision further reaffirms Babajide Sanwo-Olu, the…
President Tinubu departed Abuja Monday for Paris, using the new Airbus A330, which replaced the 19-year-old Boeing B737-700(BBJ) bought under the Presidency of President Olusegun Obasanjo. This was made known by the President’s Special Adviser to the President on Information and Strategy, Bayo Onanuga, in a statement made available to Channels Television. The purchase of…
The Nigeria Police Force has summoned Joe Ajaero, the National President of the Nigeria Labour Congress, for questioning over allegations of terrorism financing, cybercrime, and other related offences. The invitation letter, signed by ACP Adamu Muazu on behalf of the Deputy Commissioner of Police, Intelligence Response Team, warned that a warrant of arrest would be…
GISTSMATE MEDIA reports that President Bola Tinubu has approved the appointment of Professor Abdullahi Saleh Usman as the Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). The development was contained in a press statement by Ajuri Ngelale, the Special Adviser to the President Media and Publicity. Professor Usman appointment is coming amid probing…
GISTSMATE MEDIA reports that the Governor of Adamawa State, Ahmadu Umaru Fintiri has approved the payment of the new national minimum wage of ₦70,000 to civil servants in the state, starting from August. This development was announced by Comrade Emmanuel Fashe, the state Chairman of the Nigeria Labour Congress (NLC), after a closed-door meeting with…
The Academic Staff Union of Universities has informed the Federal Government of its plans to embark on a nationwide strike by placing the government on a 21-day notice. Sources within the National Executive Council of ASUU confirmed the development to PUNCH correspondent in Abuja on Monday. The notice was issued at the end of the…
The Federal Government has disclosed that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the Implementation Committee on Monday in Abuja. According to a post on the official…
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion. In a world press conference held at the NNPC…