Good morning. Here is today’s summary from Nigerian Newspapers:
1. New Minimum Wage: Truce At Last!
- FG Agrees To Pay More Than N60,000 As Minimum Wage
- Tripartite Committee To Meet Daily For Next One Week To Determine New Wage
- Labour Will Convene Urgent Meeting To Consider FG’s Commitment
After a long deliberation, the Federal Government and organized labour comprising the Nigeria Labour Congress (NLC); the Trade Union Congress (TUC) and other affiliate bodies have reached a truce regarding the industrial action that has grounded commercial activities across the country. READ MORE
2. Heritage Bank’s Collapse: Here Is What’s Next
- Larger Depositors To Get Balance After Assets Are Sold
- Depositors To Get Maximum Of N5m On Deposits- NDIC
Anxiety and apprehension regarding the safety of their fund has hit customers of Heritage Bank Plc whose operating license was revoked early on Monday due to financial instability. READ MORE
3. FG Dangles N1b Loan At 9% Interest Rate Before Large Businesses
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the federal government is willing to provide up to N1 billion in credit facilities to large enterprises, including manufacturers, at a 9% interest rate. READ MORE
4. CBN Lifts Restriction On OPay, Moniepoint, Kuda, Other, Okays Onboarding Of New Customers
The Central Bank of Nigeria (CBN) has lifted the restriction on Financial technology (Fintech) like Opay, Moniepoint, Palpay, Kuda and others, giving them the green light to onboard new customers. READ MORE
5. Fubara Talks Tough Again, Says Enemies Of Rivers Desperate To Frustrate Him
Governor Siminalayi Fubara of Rivers State has again alleged that desperate enemies of the state have thrown everything into the ring in an attempt to frustrate his administration from functioning effectively. READ MORE
6. Confusion Over Fate Of Pastor Iluyomade, Source Says He Was Transferred, Not Suspended
There is confusion over the fate of celebrity pastor, Idowu Iluyomade, the Senior Pastor of the Redeemed Christian Church of God, RCCG, City of David Parish, Region 20. READ MORE
7. Airfares in Nigeria rise by 0.25% in April 2024 – NBS Report
In April 2024, the average fare paid by travelers in Nigeria on designated routes on a single trip was N89,189.19, which is a 0.25% increase from March 2024. READ MORE
8. “Don’t Piss Me Off” – Drama Erupt As Ruby Ojiakor, Adanma Luke, And Nosa Rex Argue Over Junior Pope’s Passing
Adanma Luke, a movie producer, and Nollywood actor Nosa Rex have criticized their colleague Ruby Ojiakor for allegedly using the passing of their late colleague Junior Pope for social media material. READ MORE
9. Strike: National Minimum Wage Act 2019 Has Expired, Says Falana
The National Minimum salary Act of 2019, which established the national minimum salary of N30,000, has legally expired, according to Senior Advocate of Nigeria (SAN) Femi Falana. READ MORE
10. It’s Official! Chelsea Appoint Maresca To Replace Pochettino As Head Coach
Chelsea have appointed Enzo Maresca as their new head coach. READ MORE
