Minimum Wage: Senate Seeks Inclusion of Domestic Servants   The Senate, yesterday, demanded the inclusion of domestic servants in the proposed N70,000 National Minimum Wage Scheme. The red chamber also justified the need for their compulsory documentation with a proposed federal agency for proper and adequate monitoring. The...

World Bank, AfDB Move To Invest $7.5bn In Nigeria’s Power Sector   The Minister of Power, Adebayo Adelabu, has said that the World Bank and the African Development Bank have concluded plans to invest $30bn in boosting electricity in Africa. Of this sum, Adelabu said Nigeria will...

2024 Budget: FG Allocated N732bn For Empowerment, Higher Than Health Projects Allocation   Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has discovered N732.5 billion worth of empowerment projects in the 2024 federal...

CBN’s N500bn Recapitalisation in Line with Global Economic Dynamic – NDIC The Nigeria Deposit Insurance Corporation (NDIC) has said the new Central Bank of Nigeria (CBN) policy which pegs the minimum capital for commercial banks at N500 billion was in line with current global economic...

FG Pays N4.83tn of Ways and Means Advances – Wale Edun ‌ The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...

ICPC Recovers N5.6bn Funds For Constituency Projects From Lawmakers, Others   No fewer than 50 contractors, consultants, and staff members of Ministries, Departments, and Agencies of the government are being investigated by the Independent Corrupt Practices and Other Related Offences Commission under phase five of its...