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Labour Demands Minimum Wage Upgrade..18,000 to 56,000

ORGANISED labour has presented a new minimum wage of N56,000 to the Federal Government ahead of Sunday’s May Day celebration. President of the Nigeria Labour Congress (NLC) Comrade Ayuba Wabba, who spoke with reporters in Abuja, hoped the tripartite system to look into the demand would soon be put in place. The labour leader said although labour was aware  of ...

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Diamond Bank declares N217bn gross earnings in 2015

Diamond Bank has declared gross earnings of N217.09 billion for the financial year ended Dec. 31, 2015 against N208.40 billion achieved in 2014. The financials are contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) on Wednesday in Lagos. The gross earnings represented a growth of 4.17 per cent over the figure in 2014. The bank’s ...

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As EFCC Invites Fidelity Bank MD ,Financial Analysts Ask ..’What’s Wrong In Accepting Deposit ‘?

fidelity md

The Economic and Financial Crimes Commission has invited the Managing Director and Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, and some officials for allegedly receiving $115m from a former Minister of Petroleum Resources, Diezani Alison-Madueke. However,in swift reaction,financial experts and notable bankers are asking rehtorically;what is wrong in accepting deposit?..Isaac Lamikanra ,a retired banker in Ibadan said..’all ...

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Fulani herdsmen: Now or never

Abimbola Adelakun In January, President Barack Obama addressed a press conference on the epidemic of gun violence in America. The figures are as staggering as they are sobering. In 2015 alone, an estimated 13,000 people were killed as a result of this scourge. Obama, within the limits of the constitution, has made several moves to check the spate of violence ...

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South African ‘Pick & Pay Set To Rival Shoprite In Nigeria

Pick n Pay, another South African retail mall in the mould of Shoprite, has announced plans to come into the Nigeria market. The company, which posted a 26-percent increase in profit for 2015, said it had examined the opportunity in Nigeria and will be investing in the country. “A key part of the Group’s strategy is to establish a second engine ...

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Governor’s ex-aide arrested for offering N10m bride to EFCC

Abnedgo Don-Evarada, a former Senior Special Assistant on Media to the Bayelsa State Governor, Henry Seriake Dickson, has been arrested by operatives of the Economic and Financial Crimes Commission. Don-Evarada was arrested on Monday in Port-Harcourt, the Rivers State capital, for offering a bribe of N10 million to the EFCC’s Zonal Head, Ishaq Salihu. Don-Evarada ran into trouble when he ...

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President Buhari To Sign 2016 Appropraition Bill Next Week

The executive and the legislature arms of government have reached a consensus that the 2016 budget be signed not later than next week. Senate President Bukola Saraki disclosed this to State House correspondents on Tuesday night, April 26, shortly after a meeting President Muhammadu Buhari held with the leadership of the National Assembly. The Senate president said the meeting agreed ...

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Femi Adesina Opens Up On Fulani Herdsmen,Yuan,Fuel & Budget Crisis

Special Adviser to President Buhari on Media and Publicity, Femi Adesina has revealed president Buhari’s take on the recent attacks by Fulani herdsmen in some parts of the country. “Maybe you didn’t hear the President when he spoke. When the Agatu crisis happened, he decried it and said he was going to ask for security briefing on it and something ...

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Fashola Explains Power Problem And His Own Solution

tunde raji Fashola

The Minister of Power, Works and Housing, Babatunde Fashola, stated  that only 50 out of the 140 power generating turbines in the country were currently functional. Vice President Yemi Osinbajo had on Monday said that the country lost 99.6 per cent of its total electricity generation, about 3,132 megawatts, last week . Fashola gave further reasons why some parts of ...

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EFCC Uncovers $12.9billion more arms deals, Seizes Usman’s Houses


A wrist watch worth £600,000 and jewelry in gold and diamond have been confiscated from Mrs Alison-Madueke  by the Economic and Financial Crimes Commission (EFCC), a source said…and the commission has equally uncovered $12.9billion more arms deals fraud, carried out, during the administration of ex-President Goodluck Jonathan.The development has brought arms funds, which were diverted to other uses, to $15billion ...

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