Year: 2024

Tinubu, So Far…

When the All Progressives Congress (APC) dislodged then ruling People’s Democratic Party in the 2015 presidential polls and a taciturn, supposedly no-nonsense General Muhammadu Buhari emerged as president, many Nigerians thought the nation was a few steps away from attaining El-dorado. Eight years after Buhari’s tenure, we now know better.  The Buhari administration couldn’t combat […]

Lagos to establish essential medicine agency for distribution of essential drugs

Lagos State Government has announced plans to establish the Lagos State Essential Medicines Agency (LSEMA) to ensure seamless management and distribution of essential medicines within the state. State Commissioner for Health, Professor Akin Abayomi, disclosed this during a ministerial news conference in Alausa, Ikeja on Wednesday. He explained that the establishment of LSEMA represents a […]

FG apologises to Nigerians over economic pains, hardships

The Federal Government has apologised to Nigerians for the pain and economic hardship being experienced in the country, noting, however, that the policies of the President Bola Ahmed Tinubu-led government are on track despite the currency crisis and inflation, which have frustrated economic growth. Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday at […]

Minimum wage: Labour pegs demand at N500,000

The Nigeria Labour Congress and Trade Union Congress of Nigeria at the resumption of the tripartite committee meeting today in Abuja, reduced their earlier demand of of a new minimum wage from N615,000 to N500,000. Nigerian Tribune gathered from a source who attended the meeting. Recall that the high-level meeting was stalled on Tuesday, following the […]

Medical tourism spending falls by $5.24m – CBN

Nigerians spent about $3.82m on foreign healthcare-related services from January to December 2023, findings by The PUNCH have shown. Compared to $9.06m  spent on medical tourism in 2022, there was a reduction of $5.24m in 2023. This is according to a report obtained from the Central Bank of Nigeria on the amount spent on health-related […]

Nigeria ranks second least indebted African country

Despite being commonly perceived as heavily indebted, Nigeria has been ranked as the second least indebted African country by the International Monetary Fund (IMF). This ranking emphasizes the significance of metrics such as the debt-to-GDP ratio in assessing a nation’s financial health. Lower ratios indicate stability, while higher ratios raise concerns about debt sustainability. Tanzania’s […]

Labour’s wage demand to cost FG over N11trn yearly

The federal government’s wage bill will almost double at the very least if the organised labour doubles down on an unrealistic push for a 20-fold increase in the minimum wage. With the proposed minimum wage of N615,000, the government’s personnel costs for 1.5 million workers will rise from about N7 trillion which it currently stands […]

Petrol: Marketers fret as depot price rises to N710/litre in Lagos

Independent petroleum marketers have expressed concern over the rising price of Premium Motor Spirit, PMS, otherwise known as petrol, in private depots to N710 per litre. With the increase, petrol pump prices at outlets operated by independent marketers also rose to between N730 and N750 per litre which has led to queues at some stations […]

Minimum wage: Labour, FG meeting ends in deadlock

The tripartite minimum wage negotiation meeting involving Organised Labour, the federal and state governments, and the Organized Private Sector, OPS, yesterday ended in deadlock, following Labour’s dismissal of the government’s N54,000 offer as expected. Labour leaders also lamented the absence of state governors in the meeting to present their offers, as their representatives said they had no […]

Minimum wage: May 31 deadline for strike sacrosanct if… — Labour

Nigeria Labour Congress (NLC) and Trade Union Congress of Nigeria (TUC), after a joint National Executive Council (NEC) meeting in Abuja on Monday evening, reiterate the readiness of workers to carry out a wide range of industrial action if the federal government fail to conclude new minimum wage negotiations and provide a living for the country’s workmen […]

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