Reduces the time for Periodic Review of Minimum Wage from 5 to 3 years The Senate has passed a bill that seeks to amend the National Minimum Wage Act, 2019, to increase the National Minimum Wage from N30,000 upward to the sum of N70,000. Also passed by the Senate on Tuesday is a bill, inter alia that seeks to reduce…
The Central Bank of Nigeria (CBN) again, on Tuesday, increased the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75%. The CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday.…
President Bola Ahmed Tinubu on Wednesday presented the 70,000 Minimum Wage bill to the House of Representatives for consideration and passage into law. The bill is to legalise the N70,000 recently agreed upon between organised Labour, the organised private sector and the federal government after a series of…
Oyo State Governor, Engr Seyi Makinde has approved the provision of necessary facilities that will allow for the appointment of ten new judges into the State judiciary. The Chief Judge of Oyo State, Justice Iyabo Yerima revealed this at a special valedictory court session in honour of late Hon. Justice…
Operatives from the Ibadan Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have apprehended 10 individuals suspected of illegal mining in Ogbomoso, Oyo State. The suspects were found with six trucks of lithium. The individuals apprehended by the gallant officers of the EFCC are:…
Probably driven by the words of the now-jettisoned National Anthem, Arise O Compatriots, that the labour of the heroes past shall never be in vain, Oyo State governor, ‘Seyi Makinde, in his policy document, Oyo State Roadmap for Accelerated Development, 2019-2023, made clear his ambition to revive and…