Governance

Cybersecurity levy adds burden on businesses, unjustifiable — LCCI

The Lagos Chamber of Commerce and Industry (LCCI) has said that the directive by the Central Bank of Nigeria (CBN) imposing a 0.5% cyber security levy on Nigerians will pose additional burdens on businesses and individuals, adding that the implementation of the levy is difficult to justify. Director General of LCCI, Dr Chinyere Almona, who stated this in […]

CAC registration: Police to go after illegal PoS operators

The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies arrest recipients of ransom payments from kidnap victims. It also vowed that security agencies would go after PoS operators who fail to comply with the directive to register with the Corporate Affairs Commission after July 7, 2024. […]

CAC Gives PoS Operators 2 Months To Register Agents

The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million PoS agents a deadline of two months to onboard and register its agents and merchants with the commission as part of plans to improve transparency and reduce fraud in the financial space. Daily Trust reports that CAC announcement is coming on the heels of the […]

New minimum wage: How we arrived at N615,000 — Organised Labour

The Nigeria Labour Congress, NLC said the organised labour took into consideration all the necessary indices before arriving at N615,000 as the new minimum wage The NLC also said that any figure below the N615,000 will become what it described as “a starvation wage” adding that it will condemn Nigerian workers and their families to […]

May Day: Labour gives FG May 31 deadline on Minimum Wage

ABUJA – The organised labour, yesterday, gave the Federal Government, May 31, the deadline to conclude the minimum wage negotiation or face a nationwide industrial action. This came as President Bola Tinubu, promised that his administration was working on a new minimum and living wage to improve the welfare of workers in the country. The […]

May Day: NLC Rejects 35% Pay Rise, Insists On Living Wage

The federal government last night approved a pay rise of between 25 and 35 per cent for civil servants across various consolidated salary structures. The announcement was made on the eve of May Day, or Labour Day, which is celebrated worldwide to recognise and honour the achievements and contributions of the working class. The announcement […]

Electricity tariff hike imposed by IMF, World Bank – Falana

Human rights lawyer, Femi Falana, said the Federal Government is working in the interest of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff.  Falana stated this in an interview on Channels Television’s Politics Today on Monday. He said, “The Honourable Minister of Power is acting the script of the IMF […]

Removing fuel subsidy saved Nigeria from bankruptcy — Tinubu

President Bola Tinubu said, on Sunday, that Nigeria would have gone bankrupt if his administration had not discontinued fuel subsidy payments. He said though the policy came with economic pains, it was in the best interest of Nigerians. Tinubu spoke at the Special World Economic Forum in Riyadh, Saudi Arabia. Upon assuming office last May, […]

No Tolerance For Discrimination By Businesses Against Nigerians – FCCPC

The Federal Competition and Consumer Protection Commission (FCCPC) has warned that discrimination against any person in Nigeria, whether by foreigners or locals, is illegal and unacceptable.This warning follows the agency’s investigation into allegations of discrimination at a Chinese supermarket located within the premises of the China General Chamber of Commerce, Airport Road, Abuja. Director of […]

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