Good morning. Here is today’s summary from Nigerian Newspapers:
1. Workers Day Gift: FG Approves Salary Increase For Civil Servants
- Armed Forces, Police Among Beneficiary Of New 25-35% Salary Increase
- Pensioners Receive Between 20-28 Percent Hike On Defined Benefits Scheme
- NLC Rejects Electricity Tariff Increase, Says Nigerians Dying In Droves
As a way of saying thank you to Nigerian workers as they celebrate the annual Workers Day today, the Federal Government has approved an increase of between 25% and 35% in salary for civil servants on the remaining six Consolidated Salary Structures. READ MORE
2. Sitting Arrangement Saga: ‘No Argument’, Senate Replies Critics
- Says It’s Unscrupulous Attempt To Drag Senate Into Unnecessary, Needless Controversy
The Nigerian Upper Chamber, The Senate has clearly debunked reports of a fight over sitting arrangements at Tuesday’s plenary. READ MORE
3. MTN Nigeria’s Net FX Losses Hit Staggering N1.39tr
One of Nigeria’s leading telecommunication companies, MTN Nigeria’s foreign exchange loss since 2023 has now hit a whopping N1.396 trillion, the largest on record for any publicly quoted company in the country. READ MORE
4. Binance Founder Jailed For Four Months In US
The founder of cryptocurrency firm Binance was sentenced to four months in US prison on Tuesday after pleading guilty to money laundering charges, in the most high-profile crypto case since Sam Bankman-Fried was jailed. READ MORE
5. Govs, Deputy Govs War: Agboola Urges NASS To Amend Constitution
Following the repeated rancor between Governors and their Deputy in recent times, the Ondo State Peoples Democratic Party guber candidate in the forthcoming November 16, 2024 Governorship Polls in the state, Agboola Ajayi says the National Assembly should amend the Constitution and spell out the duties of a deputy governor. READ MORE
6. Abdul Samad Rabiu’s ASR Africa To Build State-Of-The -Art Hostel Block For FUTMinna
In continuation of its mission to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa, The Abdul Samad Rabiu Africa Initiative (ASR Africa) is set to commence the construction of a state-of-the-art hostel block for the Federal University of Technology, Minna. READ MORE
7. Champions League: Bayern Munich, Real Madrid Settle For Draw
Vinicius Junior scored twice as Real Madrid came away with a draw in the first leg of their Champions League semi-final tie with Bayern Munich. READ MORE
8. Reprieve For Band A Customers As Reps Order NERC To Suspend Implementation Of New Tariff
Reprieve has come the way of Band A electricity consumers as the House of Representatives has directed the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new incremental tariff accruable to them. READ MORE
9. ₦200bn Debt Set To Worsen Fuel Scarcity As Oil Marketers Threaten To Cripple Petrol Supply
The N200bn debt owed oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) by the Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) is set to compound the fuel scarcity currently being experienced by Nigerians as the oil marketers have threatened to cripple supply chain of petroleum products. READ MORE
10. ‘No Plans’ To Sell TikTok, ByteDance Insists
Chinese tech giant ByteDance has said it has no plans to sell TikTok after a new US law put it on a deadline to divest from the hugely popular video platform or have it banned in the United States. READ MORE
